First Trust Direct Indexing L.P. Boosts Stock Holdings in United Parcel Service, Inc. (NYSE:UPS)

First Trust Direct Indexing L.P. boosted its position in United Parcel Service, Inc. (NYSE:UPS) by 16.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 16,577 shares of the transportation company’s stock after purchasing an additional 2,349 shares during the period. First Trust Direct Indexing L.P.’s holdings in United Parcel Service were worth $2,464,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Tennessee Valley Asset Management Partners purchased a new position in United Parcel Service in the fourth quarter valued at approximately $26,000. Life Planning Partners Inc purchased a new position in United Parcel Service in the fourth quarter valued at approximately $28,000. Northwest Financial Advisors purchased a new position in United Parcel Service in the fourth quarter valued at approximately $28,000. Pineridge Advisors LLC purchased a new position in United Parcel Service in the fourth quarter valued at approximately $31,000. Finally, Bourgeon Capital Management LLC purchased a new stake in shares of United Parcel Service during the fourth quarter worth $31,000. Hedge funds and other institutional investors own 60.26% of the company’s stock.

Analyst Ratings Changes

Several research firms have issued reports on UPS. HSBC upgraded United Parcel Service from a “hold” rating to a “buy” rating and increased their target price for the stock from $150.00 to $170.00 in a research report on Thursday, April 25th. Morgan Stanley increased their target price on United Parcel Service from $95.00 to $100.00 and gave the stock an “underweight” rating in a research report on Wednesday, March 27th. Wells Fargo & Company began coverage on United Parcel Service in a research report on Friday, June 7th. They set an “overweight” rating and a $156.00 target price on the stock. Bank of America increased their target price on United Parcel Service from $157.00 to $160.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 24th. Finally, TD Cowen dropped their target price on 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. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, United Parcel Service has a consensus rating of “Hold” and a consensus target price of $164.55.

United Parcel Service Stock Up 0.5 %

UPS opened at $135.55 on Friday. The stock has a market cap of $115.97 billion, a PE ratio of 19.64, a P/E/G ratio of 1.72 and a beta of 0.98. 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. The business’s fifty day simple moving average is $140.78 and its 200 day simple moving average is $147.94.

United Parcel Service (NYSE:UPS) last released its earnings results on Tuesday, April 23rd. The transportation company reported $1.43 EPS for the quarter, beating analysts’ consensus estimates of $1.33 by $0.10. The business had revenue of $21.70 billion for the quarter, compared to analysts’ expectations of $21.84 billion. United Parcel Service had a return on equity of 37.42% and a net margin of 6.60%. The firm’s revenue was down 5.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.20 earnings per share. As a group, research analysts expect that United Parcel Service, Inc. will post 8.22 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, May 30th. Stockholders of record on Monday, May 13th were paid a dividend of $1.63 per share. The ex-dividend date was Friday, May 10th. This represents a $6.52 dividend on an annualized basis and a dividend yield of 4.81%. United Parcel Service’s dividend payout ratio (DPR) is currently 94.49%.

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.