United Parcel Service, Inc. $UPS Shares Purchased by D.A. Davidson & CO.

D.A. Davidson & CO. raised its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 24.9% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 161,007 shares of the transportation company’s stock after acquiring an additional 32,090 shares during the period. D.A. Davidson & CO.’s holdings in United Parcel Service were worth $15,840,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Shrier Wealth Management LLC purchased a new stake in shares of United Parcel Service in the fourth quarter valued at approximately $1,099,000. LFG Wealth Partners LLC purchased a new position in United Parcel Service in the fourth quarter worth $1,207,000. CWM LLC raised its position in United Parcel Service by 49.4% in the fourth quarter. CWM LLC now owns 297,357 shares of the transportation company’s stock worth $29,495,000 after acquiring an additional 98,309 shares in the last quarter. RiverFront Investment Group LLC lifted its holdings in United Parcel Service by 937.9% in the fourth quarter. RiverFront Investment Group LLC now owns 245,564 shares of the transportation company’s stock valued at $24,358,000 after acquiring an additional 221,905 shares during the period. Finally, Bank of New York Mellon Corp increased its holdings in shares of United Parcel Service by 1.5% in the 4th quarter. Bank of New York Mellon Corp now owns 4,541,742 shares of the transportation company’s stock valued at $450,495,000 after purchasing an additional 65,652 shares in the last quarter. 60.26% of the stock is owned by institutional investors and hedge funds.

United Parcel Service Stock Performance

Shares of UPS opened at $117.16 on Friday. United Parcel Service, Inc. has a 12-month low of $82.00 and a 12-month high of $122.41. The stock has a market cap of $99.59 billion, a P/E ratio of 18.96, a PEG ratio of 1.80 and a beta of 1.05. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 1.50. The company has a 50-day moving average of $106.34 and a two-hundred day moving average of $106.01.

United Parcel Service (NYSE:UPS) last released its quarterly earnings results on Tuesday, April 28th. The transportation company reported $1.07 EPS for the quarter, beating the consensus estimate of $1.02 by $0.05. United Parcel Service had a net margin of 5.94% and a return on equity of 35.95%. The business had revenue of $21.20 billion for the quarter, compared to analyst estimates of $20.99 billion. During the same period in the prior year, the business earned $1.49 earnings per share. The company’s quarterly revenue was down 1.4% on a year-over-year basis. As a group, research analysts predict that United Parcel Service, Inc. will post 7.1 EPS for the current fiscal year.

United Parcel Service Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, June 4th. Investors of record on Monday, May 18th were paid a $1.64 dividend. The ex-dividend date of this dividend was Monday, May 18th. This represents a $6.56 dividend on an annualized basis and a yield of 5.6%. United Parcel Service’s dividend payout ratio is presently 106.15%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Weiss Ratings upgraded shares of United Parcel Service from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, July 10th. Citigroup boosted their price target on United Parcel Service from $127.00 to $132.00 and gave the stock a “buy” rating in a research note on Thursday, July 9th. Susquehanna upped their price target on United Parcel Service from $116.00 to $118.00 and gave the stock a “neutral” rating in a report on Wednesday, April 29th. Stephens raised United Parcel Service to a “strong-buy” rating in a research note on Wednesday, July 8th. Finally, Citizens Jmp began coverage on United Parcel Service in a report on Wednesday. They set a “market perform” rating for the company. Two equities research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, twelve have assigned a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, United Parcel Service currently has a consensus rating of “Hold” and a consensus target price of $111.10.

Trending Headlines about United Parcel Service

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

• Positive Sentiment: UPS is being highlighted as a top dividend stock, with a roughly 5.93% yield, which may attract income-focused investors and support the share price. Here’s Why United Parcel Service Inc. (UPS) is a Top Dividend Stock to Invest in, According to Jim Simons’ Renaissance Technologies
• Positive Sentiment: Several articles argue UPS may still be undervalued after its multi-year decline, suggesting upside if the company can sustain its rebound and improve fundamentals. UPS (UPS) Stock Looks Undervalued Despite Its 33% Five Year Slide
• Neutral Sentiment: Citizens JMP initiated coverage with a “market perform” rating, which suggests a wait-and-see stance rather than a strong bullish or bearish signal. United Parcel Service (NYSE:UPS) Coverage Initiated by Analysts at Citizens Jmp
• Neutral Sentiment: UPS settled a long-running racial discrimination case, removing a legal overhang, though the news is more about risk reduction than a clear growth catalyst. UPS (NYSE:UPS) Settles Former Driver Racial Discrimination Case After Lengthy Legal Fight
• Negative Sentiment: Morgan Stanley reiterated an Underweight rating and raised its price target only modestly, signaling continued skepticism about UPS’s near-term upside. Here’s Why United Parcel Service Inc. (UPS) is a Top Dividend Stock to Invest in, According to Jim Simons’ Renaissance Technologies

United Parcel Service Profile

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.