United Parcel Service, Inc. (NYSE:UPS) Shares Acquired by Wellington Shields & Co. LLC

Wellington Shields & Co. LLC raised its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 38.3% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,585 shares of the transportation company’s stock after acquiring an additional 2,100 shares during the period. Wellington Shields & Co. LLC’s holdings in United Parcel Service were worth $834,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Graybill Wealth Management LTD. acquired a new position in shares of United Parcel Service in the first quarter valued at approximately $26,000. Pinney & Scofield Inc. acquired a new position in shares of United Parcel Service in the fourth quarter valued at approximately $27,000. Citizens National Bank Trust Department grew its holdings in shares of United Parcel Service by 525.0% in the first quarter. Citizens National Bank Trust Department now owns 250 shares of the transportation company’s stock valued at $27,000 after purchasing an additional 210 shares in the last quarter. Fourth Dimension Wealth LLC acquired a new position in shares of United Parcel Service in the fourth quarter valued at approximately $28,000. Finally, Marshall & Sterling Wealth Advisors Inc. acquired a new position in shares of United Parcel Service in the fourth quarter valued at approximately $31,000. 60.26% of the stock is currently owned by institutional investors and hedge funds.

United Parcel Service Stock Performance

Shares of UPS opened at $90.89 on Wednesday. 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 stock has a market capitalization of $76.97 billion, a P/E ratio of 13.25, a P/E/G ratio of 1.95 and a beta of 1.21. The company’s fifty day moving average is $99.92 and its two-hundred day moving average is $106.83. United Parcel Service, Inc. has a 1 year low of $90.55 and a 1 year high of $145.01.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings data on Tuesday, July 29th. The transportation company reported $1.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.56 by ($0.01). The firm had revenue of $21.20 billion during the quarter, compared to analyst estimates of $20.90 billion. United Parcel Service had a net margin of 6.44% and a return on equity of 40.15%. The business’s quarterly revenue was down 2.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.79 earnings per share. On average, sell-side analysts predict that United Parcel Service, Inc. will post 7.95 earnings per share for the current year.

United Parcel Service Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 5th. Shareholders of record on Monday, May 19th were paid a $1.64 dividend. The ex-dividend date of this dividend was Monday, May 19th. This represents a $6.56 annualized dividend and a yield of 7.22%. United Parcel Service’s dividend payout ratio is currently 95.63%.

Wall Street Analyst Weigh In

UPS has been the subject of a number of research reports. BNP Paribas Exane upgraded shares of United Parcel Service from an “underperform” rating to a “neutral” rating and set a $100.00 price objective for the company in a report on Thursday, July 3rd. Loop Capital decreased their price target on shares of United Parcel Service from $115.00 to $105.00 and set a “hold” rating for the company in a research note on Wednesday, April 30th. Jefferies Financial Group decreased their price target on shares of United Parcel Service from $150.00 to $130.00 in a research note on Wednesday, April 30th. Hsbc Global Res downgraded shares of United Parcel Service from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 1st. Finally, Truist Financial decreased their price target on shares of United Parcel Service from $140.00 to $130.00 and set a “buy” rating for the company in a research note on Thursday, April 24th. Two equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, United Parcel Service has an average rating of “Hold” and a consensus target price of $115.77.

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.