United Parcel Service, Inc. $UPS Shares Purchased by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC boosted its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 16.0% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 39,180 shares of the transportation company’s stock after acquiring an additional 5,403 shares during the period. Allspring Global Investments Holdings LLC’s holdings in United Parcel Service were worth $3,836,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. University of Texas Texas AM Investment Management Co. purchased a new position in shares of United Parcel Service during the fourth quarter worth approximately $25,000. IFC & Insurance Marketing Inc. acquired a new stake in shares of United Parcel Service in the 4th quarter worth $25,000. Coston McIsaac & Partners boosted its holdings in shares of United Parcel Service by 77.8% in the fourth quarter. Coston McIsaac & Partners now owns 272 shares of the transportation company’s stock valued at $27,000 after acquiring an additional 119 shares in the last quarter. Torren Management LLC purchased a new stake in shares of United Parcel Service in the fourth quarter valued at about $29,000. Finally, Kemnay Advisory Services Inc. acquired a new position in shares of United Parcel Service during the fourth quarter worth about $29,000. Hedge funds and other institutional investors own 60.26% of the company’s stock.

United Parcel Service Stock Up 0.4%

United Parcel Service stock opened at $114.60 on Friday. The company has a debt-to-equity ratio of 1.50, a quick ratio of 1.21 and a current ratio of 1.21. United Parcel Service, Inc. has a one year low of $82.00 and a one year high of $122.41. The company has a 50-day simple moving average of $108.28 and a 200-day simple moving average of $106.62. The firm has a market capitalization of $97.41 billion, a P/E ratio of 18.54, a P/E/G ratio of 1.82 and a beta of 1.05.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings data on Tuesday, April 28th. The transportation company reported $1.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.02 by $0.05. United Parcel Service had a net margin of 5.94% and a return on equity of 35.95%. The business had revenue of $21.20 billion during the quarter, compared to analysts’ expectations of $20.99 billion. During the same period last year, the firm posted $1.49 earnings per share. The business’s revenue was down 1.4% on a year-over-year basis. As a group, equities analysts expect that United Parcel Service, Inc. will post 7.1 earnings per share for the current year.

United Parcel Service Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 4th. Shareholders of record on Monday, May 18th were given a dividend of $1.64 per share. This represents a $6.56 annualized dividend and a yield of 5.7%. The ex-dividend date was Monday, May 18th. United Parcel Service’s payout ratio is presently 106.15%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on UPS shares. UBS Group reduced their price objective on shares of United Parcel Service from $125.00 to $123.00 and set a “buy” rating for the company in a research report on Wednesday, April 29th. Sanford C. Bernstein upped their price target on United Parcel Service from $130.00 to $133.00 and gave the stock an “outperform” rating in a report on Tuesday. Weiss Ratings raised United Parcel Service from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, July 10th. Wall Street Zen upgraded United Parcel Service from a “hold” rating to a “buy” rating in a research report on Saturday, July 18th. Finally, Evercore dropped their price target on United Parcel Service from $115.00 to $113.00 and set an “in-line” rating for the company in a research report on Wednesday, April 22nd. Two investment analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, twelve have issued a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, United Parcel Service has a consensus rating of “Hold” and an average target price of $111.50.

About United Parcel Service

United Parcel Service (NYSE: UPS) is a global package delivery and supply chain management company that provides a broad range of transportation, logistics and e-commerce services. Its core business centers on small-package delivery and last-mile distribution for business and individual customers, supported by a network of ground transportation, air cargo operations (UPS Airlines) and sorting facilities. In addition to parcel delivery, UPS offers freight transportation, contract logistics, warehousing, customs brokerage and reverse-logistics solutions designed to support domestic and international commerce.

The company traces its roots to 1907 when it began as a small messenger service in the United States and later evolved into the United Parcel Service.