United Parcel Service, Inc. (NYSE:UPS) Shares Purchased by Riverview Trust Co

by · The Cerbat Gem

Riverview Trust Co boosted its holdings in United Parcel Service, Inc. (NYSE:UPS – Free Report) by 2,106.3% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 353 shares of the transportation company’s stock after purchasing an additional 337 shares during the quarter. Riverview Trust Co’s holdings in United Parcel Service were worth $39,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Onyx Bridge Wealth Group LLC acquired a new position in United Parcel Service in the fourth quarter valued at $461,000. Allspring Global Investments Holdings LLC grew its position in United Parcel Service by 27.2% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 131,623 shares of the transportation company’s stock valued at $16,304,000 after acquiring an additional 28,108 shares during the period. Global Wealth Management Investment Advisory Inc. grew its position in United Parcel Service by 42.5% during the fourth quarter. Global Wealth Management Investment Advisory Inc. now owns 34,113 shares of the transportation company’s stock valued at $4,302,000 after acquiring an additional 10,176 shares during the period. PUREfi Wealth LLC purchased a new stake in United Parcel Service during the fourth quarter valued at about $737,000. Finally, TFG Advisers LLC grew its position in United Parcel Service by 5.1% during the fourth quarter. TFG Advisers LLC now owns 7,800 shares of the transportation company’s stock valued at $984,000 after acquiring an additional 375 shares during the period. 60.26% of the stock is currently owned by institutional investors and hedge funds.

United Parcel Service Trading Down 1.8%

NYSE:UPS opened at $96.76 on Friday. The company has a quick ratio of 1.14, a current ratio of 1.17 and a debt-to-equity ratio of 1.16. The business’s 50 day moving average is $97.54 and its two-hundred day moving average is $114.23. United Parcel Service, Inc. has a 52 week low of $90.55 and a 52 week high of $148.15. The company has a market cap of $81.93 billion, a PE ratio of 14.31, a P/E/G ratio of 1.55 and a beta of 1.23.

United Parcel Service (NYSE:UPS – Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The transportation company reported $1.49 earnings per share for the quarter, topping analysts’ consensus estimates of $1.38 by $0.11. The business had revenue of $21.50 billion for the quarter, compared to analysts’ expectations of $21.25 billion. United Parcel Service had a return on equity of 39.13% and a net margin of 6.35%. The business’s quarterly revenue was down .9% on a year-over-year basis. During the same period in the prior year, the firm earned $1.43 EPS. On average, analysts predict that United Parcel Service, Inc. will post 7.95 EPS for the current year.

United Parcel Service Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, June 5th. Stockholders of record on Monday, May 19th were given a dividend of $1.64 per share. This represents a $6.56 dividend on an annualized basis and a dividend yield of 6.78%. The ex-dividend date was Monday, May 19th. United Parcel Service’s payout ratio is 95.63%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on UPS shares. JPMorgan Chase & Co. lowered their price target on United Parcel Service from $120.00 to $115.00 and set a “neutral” rating for the company in a research report on Monday, April 7th. Raymond James lowered their price target on United Parcel Service from $145.00 to $130.00 and set a “strong-buy” rating for the company in a research report on Wednesday, April 9th. HSBC downgraded United Parcel Service from a “buy” rating to a “hold” rating and set a $105.00 target price for the company. in a research report on Thursday, May 1st. Wells Fargo & Company reaffirmed an “equal weight” rating and issued a $98.00 target price (down previously from $120.00) on shares of United Parcel Service in a research report on Tuesday, April 22nd. Finally, Barclays decreased their target price on United Parcel Service from $100.00 to $90.00 and set an “underweight” rating for the company in a research report on Monday, March 31st. Two investment analysts have rated the stock with a sell rating, thirteen have given a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $120.26.

Get Our Latest Analysis on United Parcel Service

United Parcel Service Company Profile

(Free Report)

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.

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