Nicholas Hoffman & Company LLC. Raises Stock Holdings in United Parcel Service, Inc. (NYSE:UPS)

Nicholas Hoffman & Company LLC. lifted its holdings in United Parcel Service, Inc. (NYSE:UPS) by 11.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 26,922 shares of the transportation company’s stock after buying an additional 2,732 shares during the quarter. United Parcel Service makes up about 0.8% of Nicholas Hoffman & Company LLC.’s portfolio, making the stock its 23rd biggest position. Nicholas Hoffman & Company LLC.’s holdings in United Parcel Service were worth $2,515,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Savior LLC purchased a new stake in shares of United Parcel Service in the fourth quarter worth approximately $25,000. Clear Harbor Asset Management LLC purchased a new stake in shares of United Parcel Service in the fourth quarter worth approximately $25,000. IndexIQ Advisors LLC purchased a new stake in shares of United Parcel Service in the fourth quarter worth approximately $28,000. TD Capital Management LLC purchased a new stake in shares of United Parcel Service in the first quarter worth approximately $28,000. Finally, Solstein Capital LLC purchased a new stake in shares of United Parcel Service in the fourth quarter worth approximately $30,000. Hedge funds and other institutional investors own 56.64% of the company’s stock.

Several research analysts recently issued reports on UPS shares. Sanford C. Bernstein reissued a “buy” rating and issued a $144.00 price objective on shares of United Parcel Service in a research note on Friday, January 31st. Deutsche Bank raised United Parcel Service from a “hold” rating to a “buy” rating and set a $119.00 price objective on the stock in a research note on Monday, March 2nd. Cfra dropped their price objective on United Parcel Service from $150.00 to $140.00 and set a “strong-buy” rating on the stock in a research note on Thursday, January 30th. Oppenheimer dropped their price objective on United Parcel Service from $124.00 to $106.00 and set an “outperform” rating on the stock in a research note on Friday, April 24th. Finally, Citigroup dropped their price objective on United Parcel Service from $103.00 to $101.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 29th. Four analysts have rated the stock with a sell rating, ten have assigned a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the stock. United Parcel Service presently has an average rating of “Hold” and an average target price of $110.32.

Shares of UPS traded down $1.18 during midday trading on Friday, hitting $96.13. 89,721 shares of the company’s stock traded hands, compared to its average volume of 4,711,576. United Parcel Service, Inc. has a 1 year low of $82.00 and a 1 year high of $125.31. The firm’s fifty day moving average is $95.94 and its 200-day moving average is $106.87. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 8.06. The stock has a market capitalization of $83.32 billion, a price-to-earnings ratio of 19.44, a price-to-earnings-growth ratio of 2.37 and a beta of 0.82.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings data on Tuesday, April 28th. The transportation company reported $1.15 EPS for the quarter, missing the consensus estimate of $1.23 by ($0.08). United Parcel Service had a net margin of 5.73% and a return on equity of 152.81%. The business had revenue of $18.04 billion for the quarter, compared to analysts’ expectations of $17.17 billion. During the same quarter in the prior year, the company posted $1.39 EPS. The business’s revenue for the quarter was up 5.1% on a year-over-year basis. On average, equities research analysts anticipate that United Parcel Service, Inc. will post 5.58 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Tuesday, May 26th will be paid a $1.01 dividend. The ex-dividend date of this dividend is Friday, May 22nd. This represents a $4.04 dividend on an annualized basis and a yield of 4.20%. United Parcel Service’s dividend payout ratio (DPR) is 53.65%.

United Parcel Service Profile

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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Institutional Ownership by Quarter for United Parcel Service (NYSE:UPS)

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