Norden Group LLC Has $787,000 Stake in United Parcel Service, Inc. (NYSE:UPS)

Norden Group LLC boosted its holdings in United Parcel Service, Inc. (NYSE:UPS) by 20.7% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 7,154 shares of the transportation company’s stock after purchasing an additional 1,227 shares during the quarter. Norden Group LLC’s holdings in United Parcel Service were worth $787,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the business. Geode Capital Management LLC grew its position in United Parcel Service by 2.7% in the 4th quarter. Geode Capital Management LLC now owns 15,704,334 shares of the transportation company’s stock valued at $1,979,695,000 after purchasing an additional 414,710 shares during the period. Franklin Resources Inc. lifted its stake in United Parcel Service by 15.6% during the 4th quarter. Franklin Resources Inc. now owns 10,979,909 shares of the transportation company’s stock valued at $1,384,567,000 after acquiring an additional 1,484,452 shares in the last quarter. FMR LLC lifted its stake in United Parcel Service by 2.5% during the 4th quarter. FMR LLC now owns 10,895,828 shares of the transportation company’s stock valued at $1,373,964,000 after acquiring an additional 268,278 shares in the last quarter. Northern Trust Corp lifted its stake in United Parcel Service by 9.6% during the 4th quarter. Northern Trust Corp now owns 7,391,605 shares of the transportation company’s stock valued at $932,081,000 after acquiring an additional 648,539 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its stake in United Parcel Service by 19.7% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 6,463,930 shares of the transportation company’s stock valued at $815,102,000 after acquiring an additional 1,064,293 shares in the last quarter. Institutional investors and hedge funds own 60.26% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. UBS Group dropped their price objective on United Parcel Service from $128.00 to $124.00 and set a “buy” rating on the stock in a research note on Wednesday, July 2nd. HSBC cut United Parcel Service from a “buy” rating to a “hold” rating and lowered their price objective for the company from $140.00 to $105.00 in a research note on Thursday, May 1st. Barclays lowered their price objective on United Parcel Service from $100.00 to $90.00 and set an “underweight” rating on the stock in a research note on Monday, March 31st. Hsbc Global Res cut United Parcel Service from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 1st. Finally, Wall Street Zen cut United Parcel Service from a “buy” rating to a “hold” rating in a research report on Wednesday, May 7th. Two equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, United Parcel Service has an average rating of “Hold” and a consensus price target of $116.32.

United Parcel Service Price Performance

UPS opened at $101.38 on Tuesday. The stock has a fifty day simple moving average of $100.06 and a two-hundred day simple moving average of $106.94. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.24. The company has a market cap of $85.85 billion, a price-to-earnings ratio of 14.78, a price-to-earnings-growth ratio of 1.99 and a beta of 1.21. United Parcel Service, Inc. has a 12-month low of $90.55 and a 12-month high of $145.01.

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

United Parcel Service Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, June 5th. Stockholders of record on Monday, May 19th were paid a $1.64 dividend. The ex-dividend date was Monday, May 19th. This represents a $6.56 dividend on an annualized basis and a dividend yield of 6.47%. United Parcel Service’s dividend payout ratio is currently 95.63%.

United Parcel Service 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.