Financial Management Professionals Inc. Raises Stock Holdings in United Parcel Service, Inc. (NYSE:UPS)

Financial Management Professionals Inc. raised its stake in United Parcel Service, Inc. (NYSE:UPS) by 12.6% during the 1st quarter, Holdings Channel.com reports. The firm owned 2,231 shares of the transportation company’s stock after buying an additional 249 shares during the quarter. Financial Management Professionals Inc.’s holdings in United Parcel Service were worth $332,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in UPS. Tennessee Valley Asset Management Partners purchased a new stake in United Parcel Service during the fourth quarter valued at approximately $26,000. Life Planning Partners Inc purchased a new stake in shares of United Parcel Service during the 4th quarter valued at $28,000. Northwest Financial Advisors acquired a new stake in shares of United Parcel Service in the 4th quarter worth $28,000. Pineridge Advisors LLC purchased a new position in United Parcel Service during the 4th quarter worth $31,000. Finally, Bourgeon Capital Management LLC acquired a new position in United Parcel Service during the 4th quarter valued at about $31,000. 60.26% of the stock is currently owned by institutional investors.

United Parcel Service Price Performance

NYSE:UPS opened at $136.85 on Friday. The stock has a market capitalization of $117.08 billion, a PE ratio of 19.83, a price-to-earnings-growth ratio of 1.74 and a beta of 1.01. The stock’s 50-day moving average price is $141.71 and its 200-day moving average price is $148.56. The company has a quick ratio of 1.04, a current ratio of 1.10 and a debt-to-equity ratio of 1.11. United Parcel Service, Inc. has a 52 week low of $132.90 and a 52 week high of $192.98.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings data on Tuesday, April 23rd. The transportation company reported $1.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.33 by $0.10. United Parcel Service had a net margin of 6.60% and a return on equity of 37.42%. The business had revenue of $21.70 billion for the quarter, compared to the consensus estimate of $21.84 billion. During the same period last year, the firm posted $2.20 earnings per share. The company’s revenue was down 5.3% compared to the same quarter last year. As a group, equities analysts expect that United Parcel Service, Inc. will post 8.22 EPS for the current fiscal year.

United Parcel Service Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 30th. Investors of record on Monday, May 13th were paid a $1.63 dividend. This represents a $6.52 annualized dividend and a yield of 4.76%. The ex-dividend date was Friday, May 10th. United Parcel Service’s dividend payout ratio is currently 94.49%.

Wall Street Analyst Weigh In

UPS has been the subject of several recent analyst reports. JPMorgan Chase & Co. lowered their price target on United Parcel Service from $154.00 to $150.00 and set a “neutral” rating for the company in a report on Tuesday, April 9th. TD Cowen dropped their target price on shares of United Parcel Service from $147.00 to $140.00 and set a “hold” rating on the stock in a research report on Thursday, March 28th. BMO Capital Markets raised their price target on shares of United Parcel Service from $165.00 to $169.00 and gave the stock a “market perform” rating in a report on Wednesday, April 24th. Morgan Stanley lifted their price objective on shares of United Parcel Service from $95.00 to $100.00 and gave the stock an “underweight” rating in a research note on Wednesday, March 27th. Finally, Oppenheimer upped their target price on United Parcel Service from $153.00 to $157.00 and gave the company an “outperform” rating in a research report on Wednesday, April 24th. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, United Parcel Service has a consensus rating of “Hold” and an average price target of $164.55.

About United Parcel Service

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.