Northwestern Mutual Wealth Management Co. increased its stake in United Parcel Service, Inc. (NYSE:UPS) by 8.7% in the first quarter, Holdings Channel reports. The institutional investor owned 47,438 shares of the transportation company’s stock after acquiring an additional 3,814 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in United Parcel Service were worth $5,301,000 as of its most recent SEC filing.
Several other large investors also recently modified their holdings of UPS. CX Institutional bought a new stake in United Parcel Service during the first quarter valued at $29,000. RPG Investment Advisory LLC increased its stake in United Parcel Service by 277.1% during the first 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 increased its stake in United Parcel Service by 161.0% during the first 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. bought a new stake in United Parcel Service during the first quarter valued at $32,000. Finally, Larson Financial Group LLC bought a new stake in United Parcel Service during the fourth quarter valued at $29,000. Institutional investors and hedge funds own 55.54% of the company’s stock.
Several analysts have weighed in on the stock. Deutsche Bank reiterated a “hold” rating on shares of United Parcel Service in a research note on Thursday, May 30th. UBS Group lowered their target price on shares of United Parcel Service from $118.00 to $110.00 and set a “buy” rating for the company in a research note on Friday, May 31st. Zacks Investment Research upgraded shares of United Parcel Service from a “sell” rating to a “hold” rating and set a $101.00 target price for the company in a research note on Thursday, May 23rd. Argus reissued a “buy” rating on shares of United Parcel Service in a report on Tuesday, April 30th. Finally, Raymond James reduced their price target on shares of United Parcel Service from $135.00 to $130.00 and set a “strong-buy” rating for the company in a report on Friday, April 26th. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $119.05.
Shares of UPS opened at $101.62 on Friday. United Parcel Service, Inc. has a 1 year low of $89.89 and a 1 year high of $125.09. The firm has a market cap of $87.81 billion, a PE ratio of 14.39, a PEG ratio of 1.57 and a beta of 1.19. The company has a debt-to-equity ratio of 5.85, a current ratio of 1.13 and a quick ratio of 1.13.
United Parcel Service (NYSE:UPS) last announced its quarterly earnings results on Thursday, April 25th. The transportation company reported $1.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.42 by ($0.03). United Parcel Service had a net margin of 6.34% and a return on equity of 205.26%. The firm had revenue of $17.16 billion for the quarter, compared to analyst estimates of $17.79 billion. During the same period last year, the firm posted $1.55 EPS. The business’s revenue was up .3% compared to the same quarter last year. On average, analysts anticipate that United Parcel Service, Inc. will post 7.46 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 5th. Investors of record on Monday, May 20th were issued a $0.96 dividend. This represents a $3.84 annualized dividend and a yield of 3.78%. The ex-dividend date was Friday, May 17th. United Parcel Service’s payout ratio is currently 53.04%.
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United Parcel Service Company 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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