Ceera Investments LLC Has $1.60 Million Stock Holdings in United Parcel Service, Inc. (NYSE:UPS)

Ceera Investments LLC raised its holdings in United Parcel Service, Inc. (NYSE:UPS) by 28.5% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 14,523 shares of the transportation company’s stock after acquiring an additional 3,225 shares during the quarter. Ceera Investments LLC’s holdings in United Parcel Service were worth $1,597,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. IMG Wealth Management Inc. acquired a new position in United Parcel Service in the fourth quarter valued at $25,000. Generali Investments Management Co LLC acquired a new position in shares of United Parcel Service in the 4th quarter valued at about $26,000. Pinney & Scofield Inc. bought a new stake in shares of United Parcel Service during the 4th quarter valued at about $27,000. Citizens National Bank Trust Department grew its stake in United Parcel Service by 525.0% during the first quarter. Citizens National Bank Trust Department now owns 250 shares of the transportation company’s stock worth $27,000 after purchasing an additional 210 shares during the period. Finally, Fourth Dimension Wealth LLC bought a new stake in United Parcel Service in the fourth quarter worth approximately $28,000. Institutional investors own 60.26% of the company’s stock.

United Parcel Service Trading Down 1.2%

Shares of United Parcel Service stock opened at $104.24 on Friday. The firm has a market cap of $88.27 billion, a PE ratio of 15.20, a P/E/G ratio of 2.01 and a beta of 1.21. United Parcel Service, Inc. has a 1 year low of $90.55 and a 1 year high of $148.15. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.09 and a quick ratio of 1.09. The stock has a fifty day moving average price of $98.83 and a 200-day moving average price of $109.84.

United Parcel Service (NYSE:UPS) last released its earnings results on Tuesday, April 29th. The transportation company reported $1.49 earnings per share for the quarter, beating analysts’ consensus estimates of $1.38 by $0.11. United Parcel Service had a net margin of 6.44% and a return on equity of 40.15%. The firm had revenue of $21.50 billion during the quarter, compared to the consensus estimate of $21.25 billion. During the same period in the prior year, the firm earned $1.43 EPS. The company’s revenue was down .9% compared to the same quarter last year. Equities research analysts anticipate that United Parcel Service, Inc. will post 7.95 EPS for the current year.

United Parcel Service Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, June 5th. Shareholders of record on Monday, May 19th were given a $1.64 dividend. This represents a $6.56 dividend on an annualized basis and a yield of 6.29%. The ex-dividend date of this dividend was Monday, May 19th. United Parcel Service’s dividend payout ratio is currently 95.63%.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. Loop Capital lowered their price objective on shares of United Parcel Service from $115.00 to $105.00 and set a “hold” rating for the company in a research note on Wednesday, April 30th. BNP Paribas upgraded shares of United Parcel Service to a “hold” rating in a report on Thursday. Wall Street Zen downgraded shares of United Parcel Service from a “buy” rating to a “hold” rating in a research note on Wednesday, May 7th. Raymond James Financial cut their price objective on shares of United Parcel Service from $145.00 to $130.00 and set a “strong-buy” rating on the stock in a research report on Wednesday, April 9th. Finally, Truist Financial reduced their target price on United Parcel Service from $140.00 to $130.00 and set a “buy” rating for the company in a research note on Thursday, April 24th. Two investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $119.29.

United Parcel Service Company 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.