United Parcel Service, Inc. $UPS Shares Purchased by Procyon Advisors LLC

Procyon Advisors LLC increased its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 123.6% in the first quarter, Holdings Channel reports. The firm owned 15,582 shares of the transportation company’s stock after buying an additional 8,612 shares during the period. Procyon Advisors LLC’s holdings in United Parcel Service were worth $1,533,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Brighton Jones LLC boosted its position in shares of United Parcel Service by 63.8% during the 4th quarter. Brighton Jones LLC now owns 12,126 shares of the transportation company’s stock worth $1,529,000 after purchasing an additional 4,723 shares during the period. Sivia Capital Partners LLC purchased a new stake in United Parcel Service in the second quarter valued at approximately $277,000. SVB Wealth LLC acquired a new position in United Parcel Service during the second quarter worth $848,000. Treasurer of the State of North Carolina lifted its stake in United Parcel Service by 2.7% during the second quarter. Treasurer of the State of North Carolina now owns 342,866 shares of the transportation company’s stock worth $34,609,000 after purchasing an additional 9,124 shares in the last quarter. Finally, Ieq Capital LLC boosted its position in shares of United Parcel Service by 154.5% during the second quarter. Ieq Capital LLC now owns 104,819 shares of the transportation company’s stock worth $10,580,000 after buying an additional 63,629 shares during the period. 60.26% of the stock is currently owned by hedge funds and other institutional investors.

United Parcel Service Stock Performance

NYSE:UPS opened at $112.74 on Tuesday. United Parcel Service, Inc. has a 52 week low of $82.00 and a 52 week high of $122.41. The company has a fifty day simple moving average of $105.42 and a two-hundred day simple moving average of $105.72. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 1.50. The company has a market cap of $95.83 billion, a price-to-earnings ratio of 18.24, a price-to-earnings-growth ratio of 1.79 and a beta of 1.05.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings data on Tuesday, April 28th. The transportation company reported $1.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.02 by $0.05. The business had revenue of $21.20 billion for the quarter, compared to analysts’ expectations of $20.99 billion. United Parcel Service had a return on equity of 35.95% and a net margin of 5.94%.The company’s revenue for the quarter was down 1.4% compared to the same quarter last year. During the same period last year, the firm earned $1.49 earnings per share. As a group, equities analysts anticipate that United Parcel Service, Inc. will post 7.11 earnings per share for the current fiscal year.

United Parcel Service Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, June 4th. Shareholders of record on Monday, May 18th were given 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 5.8%. United Parcel Service’s dividend payout ratio (DPR) is currently 106.15%.

Analysts Set New Price Targets

UPS has been the subject of a number of research reports. Stephens raised United Parcel Service to a “strong-buy” rating in a research note on Wednesday, July 8th. Weiss Ratings raised United Parcel Service from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday. Evercore lowered their target price on United Parcel Service from $115.00 to $113.00 and set an “in-line” rating for the company in a report on Wednesday, April 22nd. UBS Group dropped their target price on United Parcel Service from $125.00 to $123.00 and set a “buy” rating for the company in a research report on Wednesday, April 29th. Finally, Citigroup boosted their price target on shares of United Parcel Service from $127.00 to $132.00 and gave the stock a “buy” rating in a research note on Thursday, July 9th. Two research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, eleven have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, United Parcel Service has an average rating of “Hold” and an average target price of $111.10.

About United Parcel Service

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.