Bard Financial Services Inc. grew its holdings in United Parcel Service, Inc. (NYSE:UPS – Get Rating) by 3.7% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 35,200 shares of the transportation company’s stock after acquiring an additional 1,250 shares during the quarter. Bard Financial Services Inc.’s holdings in United Parcel Service were worth $7,549,000 as of its most recent SEC filing.
Other institutional investors have also made changes to their positions in the company. Tranquility Partners LLC bought a new stake in shares of United Parcel Service in the fourth quarter valued at about $207,000. Zenyatta Capital Management LP bought a new stake in shares of United Parcel Service in the fourth quarter valued at about $17,147,000. Osher Van de Voorde Investment Management raised its stake in United Parcel Service by 3.9% in the fourth quarter. Osher Van de Voorde Investment Management now owns 95,280 shares of the transportation company’s stock valued at $20,422,000 after purchasing an additional 3,580 shares in the last quarter. Brookstone Capital Management raised its stake in United Parcel Service by 3.3% in the fourth quarter. Brookstone Capital Management now owns 22,277 shares of the transportation company’s stock valued at $4,860,000 after purchasing an additional 713 shares in the last quarter. Finally, Aviva PLC raised its stake in United Parcel Service by 0.5% in the fourth quarter. Aviva PLC now owns 222,556 shares of the transportation company’s stock valued at $47,703,000 after purchasing an additional 1,065 shares in the last quarter. 57.85% of the stock is owned by institutional investors.
UPS has been the subject of a number of analyst reports. Wolfe Research reaffirmed a “peer perform” rating on shares of United Parcel Service in a research note on Tuesday, April 5th. BMO Capital Markets dropped their price target on United Parcel Service from $225.00 to $200.00 and set a “market perform” rating for the company in a research note on Wednesday, April 27th. JPMorgan Chase & Co. downgraded United Parcel Service from an “overweight” rating to a “neutral” rating and set a $202.00 price target for the company. in a research note on Friday, May 13th. Credit Suisse Group lowered their target price on United Parcel Service from $263.00 to $226.00 and set an “outperform” rating for the company in a research note on Wednesday, April 27th. Finally, Susquehanna Bancshares lowered their target price on United Parcel Service from $218.00 to $195.00 and set a “neutral” rating for the company in a research note on Wednesday, April 27th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, United Parcel Service has a consensus rating of “Moderate Buy” and a consensus target price of $223.69.
United Parcel Service (NYSE:UPS – Get Rating) last announced its earnings results on Tuesday, April 26th. The transportation company reported $3.05 EPS for the quarter, beating the consensus estimate of $2.87 by $0.18. United Parcel Service had a return on equity of 82.94% and a net margin of 10.90%. The business had revenue of $24.40 billion for the quarter, compared to analysts’ expectations of $23.80 billion. During the same period in the prior year, the business posted $2.77 earnings per share. The firm’s revenue was up 6.5% on a year-over-year basis. As a group, sell-side analysts expect that United Parcel Service, Inc. will post 12.83 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Thursday, June 2nd. Investors of record on Monday, May 16th were issued a $1.52 dividend. This represents a $6.08 annualized dividend and a yield of 3.42%. The ex-dividend date was Friday, May 13th. United Parcel Service’s payout ratio is presently 49.63%.
About United Parcel Service (Get Rating)
United Parcel Service, Inc provides letter and package delivery, transportation, logistics, and related services. It operates through two segments, U.S. Domestic Package and International Package. 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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