James J. Burns & Company LLC Buys Shares of 4,970 United Parcel Service, Inc. $UPS

James J. Burns & Company LLC bought a new position in United Parcel Service, Inc. (NYSE:UPSFree Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 4,970 shares of the transportation company’s stock, valued at approximately $489,000.

Several other hedge funds have also modified their holdings of the company. University of Texas Texas AM Investment Management Co. purchased a new position in shares of United Parcel Service in the 4th quarter worth approximately $25,000. IFC & Insurance Marketing Inc. purchased a new stake in United Parcel Service during the fourth quarter valued at approximately $25,000. Coston McIsaac & Partners lifted its position in United Parcel Service by 77.8% during 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 during the last quarter. Torren Management LLC acquired a new stake in United Parcel Service in the fourth quarter valued at approximately $29,000. Finally, Kemnay Advisory Services Inc. acquired a new stake in United Parcel Service in the fourth quarter valued at approximately $29,000. 60.26% of the stock is owned by hedge funds and other institutional investors.

United Parcel Service News Roundup

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

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on UPS shares. Weiss Ratings downgraded United Parcel Service from a “hold (c)” rating to a “sell (d+)” rating in a research report on Friday, May 8th. Citigroup raised their price objective on United Parcel Service from $118.00 to $127.00 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. Susquehanna boosted their target price on United Parcel Service from $116.00 to $118.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 29th. UBS Group reduced their target price on United Parcel Service from $125.00 to $123.00 and set a “buy” rating on the stock in a research report on Wednesday, April 29th. Finally, Evercore decreased 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 note on Wednesday, April 22nd. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, eleven have issued a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $111.50.

View Our Latest Analysis on UPS

United Parcel Service Price Performance

Shares of UPS opened at $107.20 on Tuesday. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.21 and a quick ratio of 1.21. The company’s fifty day moving average price is $104.21 and its 200-day moving average price is $104.62. United Parcel Service, Inc. has a 1-year low of $82.00 and a 1-year high of $122.41. The firm has a market capitalization of $91.12 billion, a PE ratio of 17.35, a price-to-earnings-growth ratio of 1.67 and a beta of 1.05.

United Parcel Service (NYSE:UPSGet Free Report) last issued its 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 return on equity of 35.95% and a net margin of 5.94%.The company had revenue of $21.20 billion during the quarter, compared to analyst estimates of $20.99 billion. During the same quarter last year, the business posted $1.49 EPS. The firm’s quarterly revenue was down 1.4% on a year-over-year basis. On average, equities research analysts predict 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. Stockholders of record on Monday, May 18th were paid a $1.64 dividend. This represents a $6.56 annualized dividend and a dividend yield of 6.1%. The ex-dividend date was Monday, May 18th. United Parcel Service’s dividend payout ratio (DPR) is presently 106.15%.

United Parcel Service Company Profile

(Free Report)

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.

Read More

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Institutional Ownership by Quarter for United Parcel Service (NYSE:UPS)

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