Pasadena Private Wealth LLC Purchases Shares of 1,790 United Parcel Service, Inc. (NYSE:UPS)

Pasadena Private Wealth LLC purchased a new stake in United Parcel Service, Inc. (NYSE:UPS) in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 1,790 shares of the transportation company’s stock, valued at approximately $266,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Thrive Wealth Management LLC lifted its stake in United Parcel Service by 4.7% during the first quarter. Thrive Wealth Management LLC now owns 4,565 shares of the transportation company’s stock valued at $679,000 after buying an additional 205 shares in the last quarter. Procyon Advisors LLC lifted its stake in United Parcel Service by 6.6% during the first quarter. Procyon Advisors LLC now owns 20,420 shares of the transportation company’s stock valued at $3,035,000 after buying an additional 1,263 shares in the last quarter. Cardinal Capital Management lifted its stake in United Parcel Service by 10.9% during the first quarter. Cardinal Capital Management now owns 21,550 shares of the transportation company’s stock valued at $3,203,000 after buying an additional 2,123 shares in the last quarter. Viking Fund Management LLC lifted its stake in United Parcel Service by 12.5% during the first quarter. Viking Fund Management LLC now owns 27,000 shares of the transportation company’s stock valued at $4,013,000 after buying an additional 3,000 shares in the last quarter. Finally, Exeter Financial LLC lifted its stake in United Parcel Service by 5.2% during the first quarter. Exeter Financial LLC now owns 15,990 shares of the transportation company’s stock valued at $2,398,000 after buying an additional 790 shares in the last quarter. 60.26% of the stock is owned by institutional investors and hedge funds.

United Parcel Service Stock Performance

UPS stock traded up $0.72 during mid-day trading on Friday, reaching $136.55. 349,947 shares of the stock traded hands, compared to its average volume of 4,018,527. The firm has a market capitalization of $116.83 billion, a PE ratio of 19.69, a P/E/G ratio of 1.75 and a beta of 1.01. The business has a 50-day moving average of $141.96 and a two-hundred day moving average of $148.83. United Parcel Service, Inc. has a 52 week low of $132.90 and a 52 week high of $192.98. The company has a quick ratio of 1.04, a current ratio of 1.10 and a debt-to-equity ratio of 1.11.

United Parcel Service (NYSE:UPS) last announced its earnings results on Tuesday, April 23rd. The transportation company reported $1.43 earnings per share for the quarter, beating the consensus estimate of $1.33 by $0.10. The firm had revenue of $21.70 billion during the quarter, compared to the consensus estimate of $21.84 billion. United Parcel Service had a return on equity of 37.42% and a net margin of 6.60%. The firm’s revenue for the quarter was down 5.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.20 EPS. As a group, equities analysts predict that United Parcel Service, Inc. will post 8.22 EPS for the current fiscal year.

United Parcel Service Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, May 30th. Investors of record on Monday, May 13th were given a dividend of $1.63 per share. This represents a $6.52 dividend on an annualized basis and a yield of 4.77%. The ex-dividend date of this dividend was Friday, May 10th. United Parcel Service’s dividend payout ratio (DPR) is currently 94.49%.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. TD Cowen dropped their target price on United Parcel Service from $147.00 to $140.00 and set a “hold” rating on the stock in a report on Thursday, March 28th. Redburn Atlantic upgraded United Parcel Service from a “neutral” rating to a “buy” rating and set a $180.00 target price on the stock in a report on Wednesday, April 3rd. Wells Fargo & Company assumed coverage on United Parcel Service in a report on Friday, June 7th. They issued an “overweight” rating and a $156.00 target price on the stock. Bank of America upped their target price on United Parcel Service from $157.00 to $160.00 and gave the company a “neutral” rating in a report on Wednesday, April 24th. Finally, HSBC upgraded United Parcel Service from a “hold” rating to a “buy” rating and upped their target price for the company from $150.00 to $170.00 in a report on Thursday, April 25th. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $164.55.

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.