Rockland Trust Co. Has $2.01 Million Stock Position in United Parcel Service, Inc. (NYSE:UPS)

Rockland Trust Co. raised its position in United Parcel Service, Inc. (NYSE:UPSFree Report) by 1.2% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 13,514 shares of the transportation company’s stock after acquiring an additional 156 shares during the period. Rockland Trust Co.’s holdings in United Parcel Service were worth $2,009,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently modified their holdings of UPS. Tennessee Valley Asset Management Partners bought a new stake in United Parcel Service during the 4th quarter valued at $26,000. Life Planning Partners Inc bought a new stake in shares of United Parcel Service during the fourth quarter worth about $28,000. Northwest Financial Advisors bought a new stake in shares of United Parcel Service during the fourth quarter worth about $28,000. Bourgeon Capital Management LLC acquired a new stake in shares of United Parcel Service in the 4th quarter worth about $31,000. Finally, Security National Bank purchased a new stake in shares of United Parcel Service in the fourth quarter worth approximately $31,000. Institutional investors own 60.26% of the company’s stock.

Wall Street Analysts Forecast Growth

UPS has been the subject of several recent research reports. Oppenheimer upped their price target on United Parcel Service from $153.00 to $157.00 and gave the stock an “outperform” rating in a report on Wednesday, April 24th. Susquehanna boosted their price target on shares of United Parcel Service from $150.00 to $160.00 and gave the stock a “neutral” rating in a report on Wednesday, April 24th. BMO Capital Markets increased their price objective on shares of United Parcel Service from $165.00 to $169.00 and gave the company a “market perform” rating in a research note on Wednesday, April 24th. TD Cowen cut their target price on United Parcel Service from $147.00 to $140.00 and set a “hold” rating on the stock in a research note on Thursday, March 28th. Finally, HSBC raised United Parcel Service from a “hold” rating to a “buy” rating and increased their price target for the company from $150.00 to $170.00 in a research report on Thursday, April 25th. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $164.95.

Get Our Latest Analysis on United Parcel Service

United Parcel Service Price Performance

NYSE UPS traded down $0.27 during trading hours on Friday, hitting $136.60. The company had a trading volume of 9,237,861 shares, compared to its average volume of 3,347,812. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.04 and a current ratio of 1.10. The firm has a market capitalization of $116.87 billion, a price-to-earnings ratio of 19.80, a PEG ratio of 1.74 and a beta of 1.01. United Parcel Service, Inc. has a 52 week low of $132.90 and a 52 week high of $192.98. The firm has a 50 day simple moving average of $142.34 and a 200 day simple moving average of $149.26.

United Parcel Service (NYSE:UPSGet Free Report) last released its quarterly earnings data on Tuesday, April 23rd. The transportation company reported $1.43 EPS for the quarter, beating analysts’ consensus estimates of $1.33 by $0.10. The company had revenue of $21.70 billion during the quarter, compared to analyst estimates of $21.84 billion. United Parcel Service had a net margin of 6.60% and a return on equity of 37.42%. United Parcel Service’s revenue was down 5.3% compared to the same quarter last year. During the same period last year, the business earned $2.20 earnings per share. Equities research analysts expect that United Parcel Service, Inc. will post 8.22 earnings per share for the current year.

United Parcel Service Announces Dividend

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

About United Parcel Service

(Free Report)

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.

Further Reading

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

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