Sei Investments Co. Increases Stock Position in United Parcel Service, Inc. $UPS

Sei Investments Co. increased its holdings in United Parcel Service, Inc. (NYSE:UPS) by 26.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 422,499 shares of the transportation company’s stock after purchasing an additional 87,985 shares during the quarter. Sei Investments Co.’s holdings in United Parcel Service were worth $41,568,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in the business. University of Texas Texas AM Investment Management Co. bought a new stake in United Parcel Service in the fourth quarter valued at $25,000. IFC & Insurance Marketing Inc. purchased a new position in United Parcel Service during the 4th quarter valued at $25,000. Coston McIsaac & Partners raised its holdings in United Parcel Service by 77.8% in the 4th quarter. Coston McIsaac & Partners now owns 272 shares of the transportation company’s stock worth $27,000 after purchasing an additional 119 shares in the last quarter. Torren Management LLC bought a new position in United Parcel Service in the 4th quarter worth $29,000. Finally, Kemnay Advisory Services Inc. purchased a new stake in shares of United Parcel Service in the 4th quarter worth about $29,000. 60.26% of the stock is owned by hedge funds and other institutional investors.

United Parcel Service Stock Down 0.2%

Shares of United Parcel Service stock opened at $114.60 on Monday. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.21 and a quick ratio of 1.21. The company has a 50-day moving average of $108.28 and a 200 day moving average of $106.66. The firm has a market cap of $97.41 billion, a price-to-earnings ratio of 18.54, a PEG ratio of 1.83 and a beta of 1.05. United Parcel Service, Inc. has a 1 year low of $82.00 and a 1 year high of $122.41.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings data on Tuesday, April 28th. The transportation company reported $1.07 EPS for the quarter, topping the consensus estimate of $1.02 by $0.05. The business had revenue of $21.20 billion for the quarter, compared to analyst estimates of $20.99 billion. United Parcel Service had a net margin of 5.94% and a return on equity of 35.95%. United Parcel Service’s quarterly revenue was down 1.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.49 earnings per share. As a group, sell-side analysts anticipate 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 declared a quarterly dividend, which was paid on Thursday, June 4th. Stockholders of record on Monday, May 18th were given a $1.64 dividend. This represents a $6.56 dividend on an annualized basis and a dividend yield of 5.7%. The ex-dividend date of this dividend was Monday, May 18th. United Parcel Service’s payout ratio is currently 106.15%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. Evercore reduced their price target on shares of United Parcel Service from $115.00 to $113.00 and set an “in-line” rating on the stock in a research report on Wednesday, April 22nd. Susquehanna raised their price objective on shares of United Parcel Service from $116.00 to $118.00 and gave the stock a “neutral” rating in a report on Wednesday, April 29th. UBS Group cut their price objective on United Parcel Service from $125.00 to $123.00 and set a “buy” rating on the stock in a research report on Wednesday, April 29th. Weiss Ratings upgraded United Parcel Service from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, July 10th. Finally, Stephens upgraded United Parcel Service to a “strong-buy” rating in a research note on Wednesday, July 8th. Two analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, twelve have given a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average 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.