MQS Management LLC Makes New $512,000 Investment in United Parcel Service, Inc. (NYSE:UPS)

MQS Management LLC purchased a new position in shares of United Parcel Service, Inc. (NYSE:UPS) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 4,656 shares of the transportation company’s stock, valued at approximately $512,000.

A number of other hedge funds have also recently made changes to their positions in UPS. IMG Wealth Management Inc. purchased a new position in United Parcel Service in the 4th quarter worth $25,000. Generali Investments Management Co LLC purchased a new stake in United Parcel Service during the fourth quarter valued at about $26,000. Pinney & Scofield Inc. bought a new position in shares of United Parcel Service during the fourth quarter valued at about $27,000. Citizens National Bank Trust Department grew its position in United Parcel Service by 525.0% during the 1st quarter. Citizens National Bank Trust Department now owns 250 shares of the transportation company’s stock worth $27,000 after acquiring an additional 210 shares during the last quarter. Finally, Fourth Dimension Wealth LLC purchased a new position in United Parcel Service in the 4th quarter worth approximately $28,000. 60.26% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on UPS. Citigroup increased their price objective on United Parcel Service from $122.00 to $127.00 and gave the company a “buy” rating in a research note on Wednesday, July 9th. BNP Paribas raised shares of United Parcel Service to a “hold” rating in a research report on Thursday, July 3rd. Raymond James Financial decreased their price objective on shares of United Parcel Service from $145.00 to $130.00 and set a “strong-buy” rating on the stock in a research report on Wednesday, April 9th. UBS Group dropped their target price on shares of United Parcel Service from $128.00 to $124.00 and set a “buy” rating for the company in a report on Wednesday, July 2nd. Finally, Truist Financial reduced their target price on United Parcel Service from $140.00 to $130.00 and set a “buy” rating on the stock in a research note on Thursday, April 24th. Two research analysts have rated the stock with a sell rating, fifteen have given a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $119.13.

United Parcel Service Stock Down 1.6%

NYSE:UPS opened at $101.29 on Monday. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.09 and a current ratio of 1.09. The firm has a market cap of $85.77 billion, a P/E ratio of 14.77, a P/E/G ratio of 1.95 and a beta of 1.21. United Parcel Service, Inc. has a fifty-two week low of $90.55 and a fifty-two week high of $148.15. The firm has a 50-day simple moving average of $99.42 and a two-hundred day simple moving average of $108.81.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings results on Tuesday, April 29th. The transportation company reported $1.49 earnings per share for the quarter, beating the consensus estimate of $1.38 by $0.11. United Parcel Service had a net margin of 6.44% and a return on equity of 40.15%. The company had revenue of $21.50 billion during the quarter, compared to the consensus estimate of $21.25 billion. During the same quarter last year, the firm earned $1.43 earnings per share. The firm’s quarterly revenue was down .9% compared to the same quarter last year. Analysts predict that United Parcel Service, Inc. will post 7.95 earnings per share for the current fiscal year.

United Parcel Service Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 5th. Stockholders of record on Monday, May 19th were paid a $1.64 dividend. This represents a $6.56 annualized dividend and a dividend yield of 6.48%. The ex-dividend date of this dividend was Monday, May 19th. United Parcel Service’s dividend payout ratio is currently 95.63%.

United Parcel Service Profile

United Parcel Service, Inc, a package delivery company, provides transportation and delivery, distribution, contract logistics, ocean freight, airfreight, customs brokerage, and insurance services. It operates through two segments, U.S. Domestic Package and International Package. The U.S. Domestic Package segment offers time-definite delivery of express letters, documents, small packages, and palletized freight through air and ground services in the United States.