Fulton Bank N.A. raised its stake in United Parcel Service, Inc. (NYSE:UPS) by 1.2% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 12,364 shares of the transportation company’s stock after buying an additional 143 shares during the period. Fulton Bank N.A.’s holdings in United Parcel Service were worth $2,102,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors also recently added to or reduced their stakes in UPS. Arrowstreet Capital Limited Partnership purchased a new stake in United Parcel Service in the 3rd quarter valued at about $467,000. Allianz Asset Management GmbH lifted its position in shares of United Parcel Service by 135.8% in the 3rd quarter. Allianz Asset Management GmbH now owns 30,112 shares of the transportation company’s stock worth $5,018,000 after purchasing an additional 114,198 shares during the period. Engineers Gate Manager LP purchased a new stake in shares of United Parcel Service in the 3rd quarter worth approximately $900,000. ExodusPoint Capital Management LP purchased a new stake in shares of United Parcel Service in the 3rd quarter worth approximately $3,706,000. Finally, First City Capital Management Inc. purchased a new stake in shares of United Parcel Service in the 3rd quarter worth approximately $217,000. 55.68% of the stock is owned by institutional investors.
Shares of NYSE UPS opened at $171.81 on Thursday. The company’s fifty day moving average price is $163.69 and its 200 day moving average price is $165.48. United Parcel Service, Inc. has a 1 year low of $88.85 and a 1 year high of $178.01. The company has a market capitalization of $148.97 billion, a PE ratio of 32.69, a price-to-earnings-growth ratio of 2.47 and a beta of 0.98. The company has a debt-to-equity ratio of 4.16, a quick ratio of 1.29 and a current ratio of 1.29.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 10th. Shareholders of record on Monday, February 22nd were issued a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a yield of 2.37%. This is an increase from United Parcel Service’s previous quarterly dividend of $1.01. The ex-dividend date of this dividend was Friday, February 19th. United Parcel Service’s dividend payout ratio (DPR) is presently 54.18%.
Several equities research analysts have recently weighed in on UPS shares. TheStreet cut shares of United Parcel Service from an “a-” rating to a “c” rating in a research report on Tuesday, February 2nd. Barclays boosted their price objective on shares of United Parcel Service from $145.00 to $155.00 and gave the stock an “underweight” rating in a research note on Monday, January 11th. Vertical Research assumed coverage on shares of United Parcel Service in a research note on Thursday, April 1st. They set a “buy” rating and a $195.00 price objective for the company. Craig Hallum boosted their price objective on shares of United Parcel Service from $12.00 to $25.00 in a research note on Monday, February 8th. Finally, Credit Suisse Group boosted their price objective on shares of United Parcel Service from $202.00 to $205.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 3rd. Four equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $160.13.
In other United Parcel Service news, insider Norman M. Brothers, Jr. sold 13,337 shares of the stock in a transaction on Monday, February 22nd. The shares were sold at an average price of $159.64, for a total transaction of $2,129,118.68. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Wayne M. Hewett acquired 625 shares of the firm’s stock in a transaction on Wednesday, February 24th. The shares were bought at an average cost of $159.82 per share, for a total transaction of $99,887.50. Following the completion of the acquisition, the director now owns 868 shares of the company’s stock, valued at $138,723.76. The disclosure for this purchase can be found here. Company insiders own 0.57% of the company’s stock.
United Parcel Service Profile
United Parcel Service, Inc provides letter and package delivery, 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.
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