United Parcel Service, Inc. (NYSE:UPS) Shares Bought by Bayforest Capital Ltd

Bayforest Capital Ltd boosted its position in United Parcel Service, Inc. (NYSE:UPS) by 1,539.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,327 shares of the transportation company’s stock after buying an additional 7,819 shares during the quarter. Bayforest Capital Ltd’s holdings in United Parcel Service were worth $916,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Pinney & Scofield Inc. acquired a new stake in shares of United Parcel Service during the 4th quarter valued at about $27,000. Fourth Dimension Wealth LLC bought a new stake in shares of United Parcel Service during the fourth quarter worth approximately $28,000. Graybill Wealth Management LTD. bought a new stake in shares of United Parcel Service during the first quarter worth approximately $26,000. Marshall & Sterling Wealth Advisors Inc. acquired a new position in shares of United Parcel Service in the 4th quarter valued at $31,000. Finally, Citizens National Bank Trust Department increased its holdings in shares of United Parcel Service by 525.0% in the first quarter. Citizens National Bank Trust Department now owns 250 shares of the transportation company’s stock worth $27,000 after acquiring an additional 210 shares in the last quarter. Institutional investors and hedge funds own 60.26% of the company’s stock.

Analysts Set New Price Targets

UPS has been the topic of a number of research analyst reports. BMO Capital Markets dropped their price objective on shares of United Parcel Service from $130.00 to $125.00 and set an “outperform” rating on the stock in a report on Wednesday, April 30th. Daiwa America cut their price objective on shares of United Parcel Service from $120.00 to $103.00 in a report on Wednesday, April 30th. BNP Paribas Exane raised shares of United Parcel Service from an “underperform” rating to a “neutral” rating and set a $100.00 target price on the stock in a report on Thursday, July 3rd. Loop Capital decreased their price target on shares of United Parcel Service from $115.00 to $105.00 and set a “hold” rating on the stock in a report on Wednesday, April 30th. Finally, Susquehanna cut their price target on shares of United Parcel Service from $120.00 to $110.00 and set a “neutral” rating on the stock in a report on Wednesday, April 30th. Two analysts have rated the stock with a sell rating, sixteen have issued a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $115.77.

United Parcel Service Trading Down 10.5%

UPS opened at $90.89 on Wednesday. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.09 and a current ratio of 1.09. United Parcel Service, Inc. has a one year low of $90.55 and a one year high of $145.01. The company has a market cap of $76.97 billion, a P/E ratio of 13.25, a PEG ratio of 1.95 and a beta of 1.21. The business’s 50-day simple moving average is $99.92 and its 200-day simple moving average is $106.83.

United Parcel Service (NYSE:UPS) last issued its earnings results on Tuesday, July 29th. The transportation company reported $1.55 earnings per share for the quarter, missing the consensus estimate of $1.56 by ($0.01). The company had revenue of $21.20 billion during the quarter, compared to analysts’ expectations of $20.90 billion. United Parcel Service had a return on equity of 40.15% and a net margin of 6.44%. United Parcel Service’s quarterly revenue was down 2.7% on a year-over-year basis. During the same period in the previous year, the company earned $1.79 EPS. As a group, equities research analysts expect that United Parcel Service, Inc. will post 7.95 EPS for the current fiscal year.

United Parcel Service Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 5th. Investors of record on Monday, May 19th were issued a $1.64 dividend. This represents a $6.56 dividend on an annualized basis and a yield of 7.22%. The ex-dividend date of this dividend was Monday, May 19th. United Parcel Service’s dividend payout ratio (DPR) is 95.63%.

United Parcel Service Profile

United Parcel Service, Inc, a package delivery company, provides transportation and delivery, distribution, contract logistics, ocean freight, airfreight, customs brokerage, and insurance services. It operates through two segments, U.S. Domestic Package and International Package. The U.S. Domestic Package segment offers time-definite delivery of express letters, documents, small packages, and palletized freight through air and ground services in the United States.