Brookstone Capital Management Has $4.11 Million Position in United Parcel Service, Inc. $UPS

Brookstone Capital Management raised its holdings in United Parcel Service, Inc. (NYSE:UPS) by 72.9% during the first quarter, HoldingsChannel reports. The firm owned 41,730 shares of the transportation company’s stock after acquiring an additional 17,596 shares during the quarter. Brookstone Capital Management’s holdings in United Parcel Service were worth $4,105,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Shrier Wealth Management LLC bought a new stake in shares of United Parcel Service in the 4th quarter valued at $1,099,000. Victory Capital Management Inc. increased its holdings in United Parcel Service by 10.5% during the 3rd quarter. Victory Capital Management Inc. now owns 7,991,490 shares of the transportation company’s stock worth $667,109,000 after purchasing an additional 761,217 shares in the last quarter. LFG Wealth Partners LLC bought a new position in shares of United Parcel Service in the fourth quarter valued at approximately $1,207,000. Bank of New York Mellon Corp boosted its holdings in United Parcel Service by 1.5% during the 4th quarter. Bank of New York Mellon Corp now owns 4,541,742 shares of the transportation company’s stock worth $450,495,000 after acquiring an additional 65,652 shares during the last quarter. Finally, Jaffetilchin Investment Partners LLC boosted its holdings in United Parcel Service by 192.7% during the fourth quarter. Jaffetilchin Investment Partners LLC now owns 19,734 shares of the transportation company’s stock worth $1,957,000 after purchasing an additional 12,993 shares during the last quarter. 60.26% of the stock is currently owned by institutional investors and hedge funds.

More United Parcel Service News

Here are the key news stories impacting United Parcel Service this week:

• Positive Sentiment: UPS’s $48 million cold-chain expansion could strengthen its healthcare logistics business and support higher-margin growth as demand for temperature-controlled deliveries increases.
• Neutral Sentiment: The company’s UK delivery model changes suggest management is continuing to reshape operations, but the near-term financial impact is still uncertain.
• Neutral Sentiment: FedEx’s weak earnings outlook may indirectly support UPS by highlighting a softer competitive backdrop in package delivery, though it does not directly change UPS’s fundamentals.

Wall Street Analyst Weigh In

A number of brokerages recently commented on UPS. Citigroup lifted their price target on United Parcel Service from $118.00 to $127.00 and gave the stock a “buy” rating in a report on Wednesday, April 29th. Evercore cut their price objective on shares of United Parcel Service from $115.00 to $113.00 and set an “in-line” rating for the company in a report on Wednesday, April 22nd. Weiss Ratings cut United Parcel Service from a “hold (c)” rating to a “sell (d+)” rating in a research report on Friday, May 8th. Susquehanna upped their price objective on shares of United Parcel Service from $116.00 to $118.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 29th. Finally, UBS Group cut their target price 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. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, eleven have given a Hold rating and four have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $111.50.

United Parcel Service Stock Up 0.2%

Shares of United Parcel Service stock opened at $106.07 on Thursday. The company’s 50 day moving average price is $104.37 and its 200-day moving average price is $104.75. United Parcel Service, Inc. has a 52-week low of $82.00 and a 52-week high of $122.41. The company has a debt-to-equity ratio of 1.50, a quick ratio of 1.21 and a current ratio of 1.21. The stock has a market capitalization of $90.16 billion, a price-to-earnings ratio of 17.16, a P/E/G ratio of 1.68 and a beta of 1.05.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings results on Tuesday, April 28th. The transportation company reported $1.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $20.99 billion. During the same quarter last year, the firm earned $1.49 EPS. The company’s revenue was down 1.4% on a year-over-year basis. Equities research analysts forecast that United Parcel Service, Inc. will post 7.1 EPS for the current year.

United Parcel Service Dividend Announcement

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 6.2%. The ex-dividend date of this dividend was Monday, May 18th. United Parcel Service’s payout ratio is presently 106.15%.

United Parcel Service Profile

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.