Pinkerton Retirement Specialists LLC Has $2.44 Million Position in United Parcel Service, Inc. (NYSE:UPS)

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Pinkerton Retirement Specialists LLC raised its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 9.1% in the 1st quarter, Holdings Channel reports. The firm owned 21,869 shares of the transportation company’s stock after purchasing an additional 1,830 shares during the quarter. Pinkerton Retirement Specialists LLC’s holdings in United Parcel Service were worth $2,444,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in UPS. CX Institutional bought a new stake in United Parcel Service in the 1st quarter valued at about $29,000. RPG Investment Advisory LLC boosted its stake in United Parcel Service by 277.1% during the 1st quarter. RPG Investment Advisory LLC now owns 264 shares of the transportation company’s stock valued at $29,000 after purchasing an additional 194 shares during the last quarter. Somerset Trust Co boosted its stake in United Parcel Service by 161.0% during the 1st quarter. Somerset Trust Co now owns 274 shares of the transportation company’s stock valued at $31,000 after purchasing an additional 169 shares during the last quarter. Financial Gravity Wealth Inc. acquired a new position in United Parcel Service during the 1st quarter valued at about $32,000. Finally, Larson Financial Group LLC acquired a new position in United Parcel Service during the 4th quarter valued at about $29,000. 55.54% of the stock is owned by institutional investors and hedge funds.

In other news, SVP Norman M. Brothers, Jr. sold 1,500 shares of the business’s stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $106.03, for a total value of $159,045.00. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.17% of the stock is owned by insiders.

A number of research firms have issued reports on UPS. Berenberg Bank upgraded United Parcel Service from a “hold” rating to a “buy” rating and lifted their price target for the company from $125.00 to $130.00 in a research note on Monday, April 1st. Credit Suisse Group reiterated a “neutral” rating and set a $114.00 price target on shares of United Parcel Service in a research note on Wednesday, March 6th. Cowen reiterated a “market perform” rating and set a $116.00 price target (down previously from $118.00) on shares of United Parcel Service in a research note on Friday, April 26th. Argus reiterated a “buy” rating on shares of United Parcel Service in a research note on Tuesday, April 30th. Finally, Zacks Investment Research downgraded United Parcel Service from a “hold” rating to a “sell” rating in a research note on Tuesday, April 30th. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. United Parcel Service currently has a consensus rating of “Hold” and an average target price of $119.05.

Shares of NYSE UPS opened at $100.40 on Thursday. United Parcel Service, Inc. has a twelve month low of $89.89 and a twelve month high of $125.09. The company has a market capitalization of $86.08 billion, a PE ratio of 13.87, a price-to-earnings-growth ratio of 1.54 and a beta of 1.19. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 5.85.

United Parcel Service (NYSE:UPS) last announced its earnings results on Thursday, April 25th. The transportation company reported $1.39 earnings per share for the quarter, missing analysts’ consensus estimates of $1.42 by ($0.03). United Parcel Service had a return on equity of 205.26% and a net margin of 6.34%. The business had revenue of $17.16 billion during the quarter, compared to analysts’ expectations of $17.79 billion. During the same quarter in the previous year, the firm earned $1.55 EPS. United Parcel Service’s quarterly revenue was up .3% on a year-over-year basis. On average, analysts forecast that United Parcel Service, Inc. will post 7.46 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 5th. Stockholders of record on Monday, May 20th were paid a $0.96 dividend. The ex-dividend date was Friday, May 17th. This represents a $3.84 dividend on an annualized basis and a dividend yield of 3.82%. United Parcel Service’s payout ratio is presently 53.04%.

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United Parcel Service Profile

United Parcel Service, Inc provides letter and package delivery, specialized transportation, logistics, and financial services. It operates through three segments: U.S. Domestic Package, International Package, and Supply Chain & Freight. 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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Institutional Ownership by Quarter for United Parcel Service (NYSE:UPS)

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