SignalPoint Asset Management LLC Acquires Shares of 2,070 United Parcel Service, Inc. (UPS)
SignalPoint Asset Management LLC acquired a new position in shares of United Parcel Service, Inc. (NYSE:UPS) during the 1st quarter, HoldingsChannel.com reports. The fund acquired 2,070 shares of the transportation company’s stock, valued at approximately $231,000.
Several other large investors have also recently made changes to their positions in UPS. Vanguard Group Inc raised its stake in shares of United Parcel Service by 1.4% in the 3rd quarter. Vanguard Group Inc now owns 52,189,390 shares of the transportation company’s stock valued at $6,093,112,000 after acquiring an additional 704,504 shares in the last quarter. DNB Asset Management AS grew its holdings in United Parcel Service by 17.2% in the 4th quarter. DNB Asset Management AS now owns 102,795 shares of the transportation company’s stock valued at $10,026,000 after buying an additional 15,058 shares during the last quarter. Coastline Trust Co grew its holdings in United Parcel Service by 1.5% in the 4th quarter. Coastline Trust Co now owns 14,850 shares of the transportation company’s stock valued at $1,448,000 after buying an additional 220 shares during the last quarter. Townsend & Associates Inc grew its holdings in United Parcel Service by 2.7% in the 4th quarter. Townsend & Associates Inc now owns 19,754 shares of the transportation company’s stock valued at $1,927,000 after buying an additional 519 shares during the last quarter. Finally, Ipswich Investment Management Co. Inc. acquired a new stake in United Parcel Service in the 4th quarter valued at approximately $141,000. 55.77% of the stock is currently owned by institutional investors.
In related news, SVP Norman M. Brothers, Jr. sold 1,500 shares of United Parcel Service stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $106.03, for a total transaction of $159,045.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Teri P. Mcclure sold 5,000 shares of United Parcel Service stock in a transaction on Monday, February 25th. The stock was sold at an average price of $109.72, for a total value of $548,600.00. The disclosure for this sale can be found here. Insiders own 0.17% of the company’s stock.
United Parcel Service (NYSE:UPS) last released its earnings results on Thursday, April 25th. The transportation company reported $1.39 earnings per share for the quarter, missing analysts’ consensus estimates of $1.42 by ($0.03). The firm had revenue of $17.16 billion for the quarter, compared to the consensus estimate of $17.79 billion. United Parcel Service had a return on equity of 205.26% and a net margin of 6.34%. The company’s revenue was up .3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.55 EPS. On average, equities research analysts forecast that United Parcel Service, Inc. will post 7.47 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 5th. Stockholders of record on Monday, May 20th will be given a dividend of $0.96 per share. The ex-dividend date of this dividend is Friday, May 17th. This represents a $3.84 dividend on an annualized basis and a dividend yield of 3.85%. United Parcel Service’s payout ratio is currently 53.04%.
A number of research firms have issued reports on UPS. Argus reaffirmed a “buy” rating on shares of United Parcel Service in a report on Tuesday, April 30th. Bank of America reissued a “neutral” rating and set a $112.00 price objective (down previously from $116.00) on shares of United Parcel Service in a report on Friday, February 1st. Berenberg Bank raised United Parcel Service from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $125.00 to $130.00 in a report on Monday, April 1st. Credit Suisse Group raised their target price on United Parcel Service from $104.00 to $111.00 and gave the stock a “neutral” rating in a research report on Monday, February 4th. Finally, Zacks Investment Research downgraded United Parcel Service from a “hold” rating to a “sell” rating in a research report on Saturday, February 9th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $122.41.
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About United Parcel Service
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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