Isthmus Partners LLC Buys 6,323 Shares of United Parcel Service, Inc. $UPS

Isthmus Partners LLC boosted its stake in United Parcel Service, Inc. (NYSE:UPS) by 5.2% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 128,697 shares of the transportation company’s stock after purchasing an additional 6,323 shares during the quarter. United Parcel Service comprises about 1.3% of Isthmus Partners LLC’s holdings, making the stock its 29th biggest position. Isthmus Partners LLC’s holdings in United Parcel Service were worth $12,661,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of UPS. Brighton Jones LLC increased its position 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 in the last quarter. Sivia Capital Partners LLC bought a new position in United Parcel Service in the second quarter worth approximately $277,000. SVB Wealth LLC bought a new position in United Parcel Service in the second quarter worth approximately $848,000. Treasurer of the State of North Carolina grew its stake in United Parcel Service by 2.7% in 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 stake in 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 acquiring an additional 63,629 shares during the period. 60.26% of the stock is owned by institutional investors.

United Parcel Service Stock Performance

Shares of UPS opened at $110.00 on Thursday. The firm has a market capitalization of $93.50 billion, a P/E ratio of 17.80, a P/E/G ratio of 1.78 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 stock has a 50 day moving average price of $105.09 and a two-hundred day moving average price of $105.48. The company has a debt-to-equity ratio of 1.50, a quick ratio of 1.21 and a current ratio of 1.21.

United Parcel Service (NYSE:UPS) last posted its earnings results on Tuesday, April 28th. The transportation company reported $1.07 earnings per share for the quarter, beating analysts’ consensus estimates of $1.02 by $0.05. The company had revenue of $21.20 billion for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter last year, the company earned $1.49 earnings per share. Equities analysts forecast 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 disclosed a quarterly dividend, which was paid on Thursday, June 4th. Shareholders of record on Monday, May 18th were paid a dividend of $1.64 per share. The ex-dividend date was Monday, May 18th. This represents a $6.56 annualized dividend and a yield of 6.0%. United Parcel Service’s dividend payout ratio (DPR) is 106.15%.

Analyst Upgrades and Downgrades

UPS has been the topic of a number of research reports. Evercore lowered their target price on 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. Weiss Ratings downgraded shares of United Parcel Service from a “hold (c)” rating to a “sell (d+)” rating in a research report on Friday, May 8th. Susquehanna boosted their price target on shares of United Parcel Service from $116.00 to $118.00 and gave the company a “neutral” rating in a research note on Wednesday, April 29th. Citigroup boosted their price target on shares of United Parcel Service from $118.00 to $127.00 and gave the company a “buy” rating in a research note on Wednesday, April 29th. Finally, UBS Group dropped their price objective on shares of United Parcel Service from $125.00 to $123.00 and set a “buy” rating on the stock in a research note on Wednesday, April 29th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, eleven have issued a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $110.85.

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.