Cetera Investment Advisers Boosts Stock Position in United Parcel Service, Inc. $UPS

Cetera Investment Advisers increased its stake in United Parcel Service, Inc. (NYSE:UPS) by 7.1% in the 1st quarter, HoldingsChannel reports. The fund owned 546,677 shares of the transportation company’s stock after acquiring an additional 36,211 shares during the period. Cetera Investment Advisers’ holdings in United Parcel Service were worth $53,782,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the stock. Brighton Jones LLC grew its stake in United Parcel Service by 63.8% in the 4th quarter. Brighton Jones LLC now owns 12,126 shares of the transportation company’s stock valued at $1,529,000 after buying an additional 4,723 shares during the last quarter. Sivia Capital Partners LLC acquired a new position in United Parcel Service during the 2nd quarter worth $277,000. SVB Wealth LLC bought a new stake in United Parcel Service during the second quarter valued at about $848,000. Treasurer of the State of North Carolina boosted its holdings 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 valued at $34,609,000 after acquiring an additional 9,124 shares during the period. Finally, Ieq Capital LLC grew its position in shares of United Parcel Service by 154.5% in the second quarter. Ieq Capital LLC now owns 104,819 shares of the transportation company’s stock valued at $10,580,000 after purchasing an additional 63,629 shares during the last quarter. Institutional investors and hedge funds own 60.26% of the company’s stock.

United Parcel Service Trading Up 0.4%

NYSE UPS opened at $114.60 on Friday. The company has a market cap of $97.41 billion, a price-to-earnings ratio of 18.54, a P/E/G ratio of 1.82 and a beta of 1.05. United Parcel Service, Inc. has a 52 week low of $82.00 and a 52 week high of $122.41. The business has a 50 day moving average price of $108.28 and a 200-day moving average price of $106.62. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 1.50.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings results on Tuesday, April 28th. The transportation company reported $1.07 EPS for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $21.20 billion for the quarter, compared to analyst estimates of $20.99 billion. During the same quarter in the prior year, the firm earned $1.49 EPS. The business’s revenue for the quarter was down 1.4% compared to the same quarter last year. As a group, equities analysts expect that United Parcel Service, Inc. will post 7.1 earnings per share for the current fiscal year.

United Parcel Service Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 4th. Shareholders of record on Monday, May 18th were issued a dividend of $1.64 per share. This represents a $6.56 dividend on an annualized basis and a yield of 5.7%. The ex-dividend date of this dividend was Monday, May 18th. United Parcel Service’s dividend payout ratio (DPR) is 106.15%.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. UBS Group dropped their price objective on shares of United Parcel Service from $125.00 to $123.00 and set a “buy” rating for the company in a report on Wednesday, April 29th. Susquehanna increased their price target on United Parcel Service from $116.00 to $118.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 29th. Evercore dropped their price target 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. Sanford C. Bernstein boosted their price objective on United Parcel Service from $130.00 to $133.00 and gave the stock an “outperform” rating in a research note on Tuesday. Finally, Wall Street Zen raised United Parcel Service from a “hold” rating to a “buy” rating in a report on Saturday, July 18th. Two analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, twelve have given a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, United Parcel Service currently has a consensus rating of “Hold” and an average price target of $111.50.

United Parcel Service Company 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.