YorkBridge Wealth Partners LLC Grows Stake in United Parcel Service, Inc. (NYSE:UPS)
YorkBridge Wealth Partners LLC lifted its holdings in United Parcel Service, Inc. (NYSE:UPS) by 2.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 7,519 shares of the transportation company’s stock after acquiring an additional 184 shares during the quarter. YorkBridge Wealth Partners LLC’s holdings in United Parcel Service were worth $840,000 as of its most recent SEC filing.
Other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc grew its position in United Parcel Service by 1.4% in the 3rd quarter. Vanguard Group Inc now owns 52,189,390 shares of the transportation company’s stock worth $6,093,112,000 after purchasing an additional 704,504 shares during the period. Deprince Race & Zollo Inc. grew its position in United Parcel Service by 7.1% in the 4th quarter. Deprince Race & Zollo Inc. now owns 386,961 shares of the transportation company’s stock worth $37,740,000 after purchasing an additional 25,495 shares during the period. Advisors Asset Management Inc. grew its position in United Parcel Service by 2.8% in the 4th quarter. Advisors Asset Management Inc. now owns 160,482 shares of the transportation company’s stock worth $15,652,000 after purchasing an additional 4,407 shares during the period. Boys Arnold & Co. Inc. grew its position in United Parcel Service by 17.7% in the 4th quarter. Boys Arnold & Co. Inc. now owns 5,826 shares of the transportation company’s stock worth $562,000 after purchasing an additional 875 shares during the period. Finally, Naples Global Advisors LLC grew its position in United Parcel Service by 8.0% in the 4th quarter. Naples Global Advisors LLC now owns 21,468 shares of the transportation company’s stock worth $2,123,000 after purchasing an additional 1,599 shares during the period. Hedge funds and other institutional investors own 55.54% of the company’s stock.
UPS has been the subject of a number of recent research reports. Cowen reissued a “market perform” rating and set a $116.00 price objective (down previously from $118.00) on shares of United Parcel Service in a research report on Friday, April 26th. Berenberg Bank raised shares of United Parcel Service from a “hold” rating to a “buy” rating and boosted their price objective for the company from $125.00 to $130.00 in a research report on Monday, April 1st. Raymond James cut their price objective on shares of United Parcel Service from $135.00 to $130.00 and set a “strong-buy” rating for the company in a research report on Friday, April 26th. Zacks Investment Research downgraded shares of United Parcel Service from a “hold” rating to a “sell” rating in a research report on Tuesday, April 30th. Finally, Argus restated a “buy” rating on shares of United Parcel Service in a research note on Tuesday, April 30th. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $119.05.
United Parcel Service (NYSE:UPS) last released its quarterly earnings data on Thursday, April 25th. The transportation company reported $1.39 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.42 by ($0.03). The business had revenue of $17.16 billion during the quarter, compared to analyst estimates of $17.79 billion. United Parcel Service had a return on equity of 205.26% and a net margin of 6.34%. The firm’s revenue was up .3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.55 EPS. Equities analysts anticipate that United Parcel Service, Inc. will post 7.46 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, June 5th. Investors of record on Monday, May 20th were given a dividend of $0.96 per share. The ex-dividend date was Friday, May 17th. This represents a $3.84 annualized dividend and a yield of 3.83%. United Parcel Service’s dividend payout ratio is presently 53.04%.
In related news, SVP Norman M. Brothers, Jr. sold 1,500 shares of the firm’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $106.03, for a total transaction of $159,045.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. 0.17% of the stock is currently owned by company insiders.
United Parcel Service Company Profile
United Parcel Service, Inc provides letter and package delivery, specialized transportation, logistics, and financial services. It operates through three segments: U.S. Domestic Package, International Package, and Supply Chain & Freight. The U.S. Domestic Package segment offers time-definite delivery of letters, documents, small packages, and palletized freight through air and ground services in the United States.
See Also: Can systematic risk be avoided?
Want to see what other hedge funds are holding UPS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for United Parcel Service, Inc. (NYSE:UPS).
Receive News & Ratings for United Parcel Service Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United Parcel Service and related companies with MarketBeat.com's FREE daily email newsletter.