United Parcel Service, Inc. (NYSE:UPS) Shares Acquired by Bard Financial Services Inc.

Bard Financial Services Inc. lifted its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 138.0% during the first quarter, Holdings Channel reports. The firm owned 8,150 shares of the transportation company’s stock after acquiring an additional 4,725 shares during the quarter. Bard Financial Services Inc.’s holdings in United Parcel Service were worth $896,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Allspring Global Investments Holdings LLC increased its position in shares of United Parcel Service by 27.2% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 131,623 shares of the transportation company’s stock worth $16,304,000 after purchasing an additional 28,108 shares in the last quarter. PUREfi Wealth LLC acquired a new stake in shares of United Parcel Service during the fourth quarter worth about $737,000. Clark Capital Management Group Inc. increased its position in shares of United Parcel Service by 14.4% during the fourth quarter. Clark Capital Management Group Inc. now owns 11,427 shares of the transportation company’s stock worth $1,441,000 after purchasing an additional 1,440 shares in the last quarter. Kentucky Trust Co acquired a new stake in shares of United Parcel Service during the fourth quarter worth about $442,000. Finally, CapWealth Advisors LLC increased its position in shares of United Parcel Service by 4.1% during the fourth quarter. CapWealth Advisors LLC now owns 83,874 shares of the transportation company’s stock worth $10,577,000 after purchasing an additional 3,312 shares in the last quarter. Institutional investors and hedge funds own 60.26% of the company’s stock.

United Parcel Service Price Performance

Shares of NYSE:UPS opened at $102.43 on Wednesday. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.17 and a quick ratio of 1.14. United Parcel Service, Inc. has a 12 month low of $90.55 and a 12 month high of $148.15. The firm has a market capitalization of $86.73 billion, a price-to-earnings ratio of 15.15, a price-to-earnings-growth ratio of 1.55 and a beta of 1.22. The business’s 50 day simple moving average is $97.15 and its 200-day simple moving average is $113.42.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings data on Tuesday, April 29th. The transportation company reported $1.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.38 by $0.11. United Parcel Service had a return on equity of 39.13% and a net margin of 6.35%. The firm had revenue of $21.50 billion during the quarter, compared to the consensus estimate of $21.25 billion. During the same period in the previous year, the firm posted $1.43 EPS. The company’s quarterly revenue was down .9% compared to the same quarter last year. As a group, equities analysts forecast that United Parcel Service, Inc. will post 7.95 earnings per share for the current fiscal year.

United Parcel Service Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 5th. Investors of record on Monday, May 19th were given a dividend of $1.64 per share. The ex-dividend date was Monday, May 19th. This represents a $6.56 annualized dividend and a dividend yield of 6.40%. United Parcel Service’s dividend payout ratio is currently 95.63%.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on UPS shares. Barclays cut their target price on United Parcel Service from $100.00 to $90.00 and set an “underweight” rating on the stock in a research report on Monday, March 31st. BMO Capital Markets lowered their price target on United Parcel Service from $130.00 to $125.00 and set an “outperform” rating on the stock in a report on Wednesday, April 30th. Wells Fargo & Company reissued an “equal weight” rating and set a $98.00 price target (down previously from $120.00) on shares of United Parcel Service in a report on Tuesday, April 22nd. Hsbc Global Res lowered United Parcel Service from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 1st. Finally, JPMorgan Chase & Co. lowered their price target on United Parcel Service from $120.00 to $115.00 and set a “neutral” rating on the stock in a report on Monday, April 7th. Two research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $120.26.

United Parcel Service Company 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.