Financial Management Professionals Inc. Buys 249 Shares of United Parcel Service, Inc. (NYSE:UPS)

Financial Management Professionals Inc. boosted its position in United Parcel Service, Inc. (NYSE:UPS) by 12.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,231 shares of the transportation company’s stock after purchasing an additional 249 shares during the period. Financial Management Professionals Inc.’s holdings in United Parcel Service were worth $332,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Stillwater Capital Advisors LLC grew its stake in shares of United Parcel Service by 0.6% during the 1st quarter. Stillwater Capital Advisors LLC now owns 70,074 shares of the transportation company’s stock worth $10,415,000 after acquiring an additional 448 shares during the period. DeDora Capital Inc. increased its stake in shares of United Parcel Service by 19.2% in the first quarter. DeDora Capital Inc. now owns 5,882 shares of the transportation company’s stock worth $874,000 after purchasing an additional 949 shares in the last quarter. Calton & Associates Inc. bought a new stake in shares of United Parcel Service in the first quarter valued at approximately $295,000. Norwood Financial Corp lifted its stake in shares of United Parcel Service by 179.4% during the 1st quarter. Norwood Financial Corp now owns 1,453 shares of the transportation company’s stock valued at $216,000 after buying an additional 933 shares in the last quarter. Finally, Addenda Capital Inc. boosted its holdings in United Parcel Service by 11.4% in the 1st quarter. Addenda Capital Inc. now owns 75,882 shares of the transportation company’s stock worth $11,278,000 after buying an additional 7,792 shares during the period. 60.26% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. 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. Stifel Nicolaus reduced their target price on United Parcel Service from $178.00 to $170.00 and set a “buy” rating for the company in a report on Thursday, March 28th. TD Cowen lowered their price target on shares of United Parcel Service from $147.00 to $140.00 and set a “hold” rating on the stock in a report on Thursday, March 28th. JPMorgan Chase & Co. decreased their target price on shares of United Parcel Service from $154.00 to $150.00 and set a “neutral” rating on the stock in a report on Tuesday, April 9th. Finally, Susquehanna raised their price target on shares of United Parcel Service from $150.00 to $160.00 and gave the company a “neutral” rating in a report on Wednesday, April 24th. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $164.55.

United Parcel Service Stock Performance

NYSE UPS opened at $136.85 on Friday. United Parcel Service, Inc. has a 12-month low of $132.90 and a 12-month high of $192.98. The firm has a market cap of $117.08 billion, a price-to-earnings ratio of 19.83, a PEG ratio of 1.74 and a beta of 1.01. The company has a 50-day simple moving average of $141.71 and a two-hundred day simple moving average of $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 (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 company had revenue of $21.70 billion during 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 for the quarter was down 5.3% compared to the same quarter last year. During the same quarter last year, the business posted $2.20 EPS. On average, equities analysts forecast that United Parcel Service, Inc. will post 8.22 EPS for the current year.

United Parcel Service Dividend Announcement

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

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.