Traynor Capital Management Inc. lifted its position in shares of United Parcel Service, Inc. (NYSE:UPS – Get Rating) by 6.9% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,719 shares of the transportation company’s stock after purchasing an additional 435 shares during the quarter. Traynor Capital Management Inc.’s holdings in United Parcel Service were worth $1,441,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds have also recently modified their holdings of the stock. State Street Corp boosted its holdings in shares of United Parcel Service by 1.4% during the 4th quarter. State Street Corp now owns 29,613,438 shares of the transportation company’s stock valued at $6,347,344,000 after buying an additional 403,504 shares in the last quarter. Geode Capital Management LLC lifted its position in United Parcel Service by 2.3% during the 4th quarter. Geode Capital Management LLC now owns 11,435,714 shares of the transportation company’s stock valued at $2,443,951,000 after acquiring an additional 260,465 shares during the period. Northern Trust Corp boosted its stake in United Parcel Service by 0.5% during the fourth quarter. Northern Trust Corp now owns 9,219,016 shares of the transportation company’s stock worth $1,976,004,000 after acquiring an additional 46,899 shares in the last quarter. Invesco Ltd. grew its holdings in United Parcel Service by 4.4% in the fourth quarter. Invesco Ltd. now owns 8,735,713 shares of the transportation company’s stock worth $1,872,413,000 after purchasing an additional 370,258 shares during the period. Finally, Capital International Investors increased its stake in shares of United Parcel Service by 107.3% during the fourth quarter. Capital International Investors now owns 6,925,181 shares of the transportation company’s stock valued at $1,484,343,000 after purchasing an additional 3,584,871 shares in the last quarter. 57.85% of the stock is currently owned by institutional investors.
Several analysts recently weighed in on UPS shares. StockNews.com assumed coverage on United Parcel Service in a research note on Thursday, March 31st. They issued a “buy” rating on the stock. Bank of America reduced their price target on United Parcel Service from $204.00 to $199.00 and set a “neutral” rating for the company in a report on Wednesday, April 27th. The Goldman Sachs Group dropped their price target on shares of United Parcel Service from $239.00 to $215.00 and set a “buy” rating on the stock in a research note on Tuesday, June 7th. Stephens reduced their price objective on shares of United Parcel Service from $240.00 to $220.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 27th. Finally, Raymond James dropped their target price on shares of United Parcel Service from $275.00 to $250.00 and set a “strong-buy” rating on the stock in a research note on Wednesday, April 27th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $223.69.
United Parcel Service (NYSE:UPS – Get Rating) last posted its quarterly earnings data on Tuesday, April 26th. The transportation company reported $3.05 EPS for the quarter, topping the consensus estimate of $2.87 by $0.18. The firm had revenue of $24.40 billion during the quarter, compared to analyst estimates of $23.80 billion. United Parcel Service had a return on equity of 82.94% and a net margin of 10.90%. United Parcel Service’s revenue was up 6.5% on a year-over-year basis. During the same period in the prior year, the business posted $2.77 EPS. As a group, equities analysts forecast that United Parcel Service, Inc. will post 12.83 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 2nd. Stockholders of record on Monday, May 16th were given a dividend of $1.52 per share. The ex-dividend date was Friday, May 13th. This represents a $6.08 dividend on an annualized basis and a dividend yield of 3.45%. United Parcel Service’s payout ratio is currently 49.63%.
United Parcel Service Company Profile (Get Rating)
United Parcel Service, Inc provides letter and package delivery, transportation, logistics, and related services. It operates through two segments, U.S. Domestic Package and International Package. The U.S. Domestic Package segment offers time-definite delivery of letters, documents, small packages, and palletized freight through air and ground services in the United States.
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