QRG Capital Management Inc. Acquires 17,342 Shares of United Parcel Service, Inc. $UPS

QRG Capital Management Inc. boosted its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 17.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 116,467 shares of the transportation company’s stock after acquiring an additional 17,342 shares during the period. QRG Capital Management Inc.’s holdings in United Parcel Service were worth $11,458,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Capital Financial Group Inc. Co. ADV boosted its position in shares of United Parcel Service by 3.5% in the 1st quarter. Capital Financial Group Inc. Co. ADV now owns 13,826 shares of the transportation company’s stock worth $1,360,000 after purchasing an additional 466 shares in the last quarter. HB Wealth Management LLC grew its stake in shares of United Parcel Service by 1.2% in the first quarter. HB Wealth Management LLC now owns 46,333 shares of the transportation company’s stock worth $4,558,000 after acquiring an additional 541 shares during the last quarter. Investors Asset Management of Georgia Inc. GA ADV increased its holdings in shares of United Parcel Service by 25.2% during the first quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 20,245 shares of the transportation company’s stock valued at $1,992,000 after acquiring an additional 4,075 shares in the last quarter. Altus Wealth Group LLC raised its position in shares of United Parcel Service by 1.3% in the 1st quarter. Altus Wealth Group LLC now owns 7,839 shares of the transportation company’s stock worth $771,000 after purchasing an additional 104 shares during the last quarter. Finally, Leelyn Smith LLC boosted its stake in United Parcel Service by 10.1% in the 1st quarter. Leelyn Smith LLC now owns 28,058 shares of the transportation company’s stock worth $2,760,000 after purchasing an additional 2,564 shares in the last quarter. Institutional investors own 60.26% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on UPS. Susquehanna raised their price objective on shares of United Parcel Service from $116.00 to $118.00 and gave the company a “neutral” rating in a research note on Wednesday, April 29th. Weiss Ratings cut United Parcel Service from a “hold (c)” rating to a “sell (d+)” rating in a research report on Friday, May 8th. UBS Group reduced their target price on United Parcel Service from $125.00 to $123.00 and set a “buy” rating for the company in a report on Wednesday, April 29th. Evercore decreased their price target on United Parcel Service from $115.00 to $113.00 and set an “in-line” rating for the company in a research note on Wednesday, April 22nd. Finally, Citigroup upped their price target on United Parcel Service from $118.00 to $127.00 and gave the company a “buy” rating in a report on Wednesday, April 29th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, eleven have assigned a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat, United Parcel Service has an average rating of “Hold” and an average price target of $110.85.

United Parcel Service Stock Up 0.0%

UPS opened at $110.71 on Friday. The stock has a market capitalization of $94.11 billion, a price-to-earnings ratio of 17.91, a PEG ratio of 1.76 and a beta of 1.05. The firm has a 50 day moving average price of $104.91 and a 200-day moving average price of $105.25. United Parcel Service, Inc. has a twelve month low of $82.00 and a twelve month high of $122.41. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 1.50.

United Parcel Service (NYSE:UPS) last posted its earnings results on Tuesday, April 28th. The transportation company reported $1.07 EPS for the quarter, topping analysts’ consensus estimates of $1.02 by $0.05. The business had revenue of $21.20 billion during the quarter, compared to the consensus estimate of $20.99 billion. United Parcel Service had a net margin of 5.94% and a return on equity of 35.95%. The firm’s revenue was down 1.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.49 EPS. Equities research analysts forecast that United Parcel Service, Inc. will post 7.1 earnings per share for the current year.

United Parcel Service Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 4th. Investors of record on Monday, May 18th were issued a $1.64 dividend. The ex-dividend date of this dividend was Monday, May 18th. This represents a $6.56 annualized dividend and a dividend yield of 5.9%. United Parcel Service’s payout ratio is presently 106.15%.

About United Parcel Service

United Parcel Service (NYSE: UPS) is a global package delivery and supply chain management company that provides a broad range of transportation, logistics and e-commerce services. Its core business centers on small-package delivery and last-mile distribution for business and individual customers, supported by a network of ground transportation, air cargo operations (UPS Airlines) and sorting facilities. In addition to parcel delivery, UPS offers freight transportation, contract logistics, warehousing, customs brokerage and reverse-logistics solutions designed to support domestic and international commerce.

The company traces its roots to 1907 when it began as a small messenger service in the United States and later evolved into the United Parcel Service.