Calamos Advisors LLC Buys 5,725 Shares of United Parcel Service, Inc. $UPS

Calamos Advisors LLC boosted its stake in United Parcel Service, Inc. (NYSE:UPS) by 4.9% during the first quarter, Holdings Channel.com reports. The firm owned 121,400 shares of the transportation company’s stock after buying an additional 5,725 shares during the period. Calamos Advisors LLC’s holdings in United Parcel Service were worth $11,943,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. University of Texas Texas AM Investment Management Co. bought a new position in shares of United Parcel Service in the fourth quarter worth approximately $25,000. IFC & Insurance Marketing Inc. bought a new stake in United Parcel Service during the 4th quarter valued at $25,000. Coston McIsaac & Partners raised its holdings in United Parcel Service by 77.8% during the 4th quarter. Coston McIsaac & Partners now owns 272 shares of the transportation company’s stock valued at $27,000 after buying an additional 119 shares during the last quarter. Torren Management LLC purchased a new stake in United Parcel Service during the 4th quarter valued at $29,000. Finally, Kemnay Advisory Services Inc. purchased a new stake in United Parcel Service during the 4th quarter valued at $29,000. Institutional investors own 60.26% of the company’s stock.

United Parcel Service Price Performance

Shares of UPS opened at $113.69 on Wednesday. The stock has a market cap of $96.64 billion, a PE ratio of 18.40, a price-to-earnings-growth ratio of 1.79 and a beta of 1.05. The company has a debt-to-equity ratio of 1.50, a quick ratio of 1.21 and a current ratio of 1.21. United Parcel Service, Inc. has a fifty-two week low of $82.00 and a fifty-two week high of $122.41. The firm’s 50-day simple moving average is $105.74 and its two-hundred day simple moving average is $105.81.

United Parcel Service (NYSE:UPS) last announced its earnings results on Tuesday, April 28th. The transportation company reported $1.07 earnings per share for the quarter, beating analysts’ consensus estimates of $1.02 by $0.05. United Parcel Service had a net margin of 5.94% and a return on equity of 35.95%. The business had revenue of $21.20 billion during the quarter, compared to the consensus estimate of $20.99 billion. During the same quarter last year, the firm earned $1.49 earnings per share. The business’s revenue for the quarter was down 1.4% on a year-over-year basis. Analysts anticipate that United Parcel Service, Inc. will post 7.11 earnings per share for the current fiscal year.

United Parcel Service Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 4th. Investors of record on Monday, May 18th were given a dividend of $1.64 per share. This represents a $6.56 dividend on an annualized basis and a yield of 5.8%. The ex-dividend date of this dividend was Monday, May 18th. United Parcel Service’s dividend payout ratio (DPR) is 106.15%.

Analysts Set New Price Targets

A number of brokerages have issued reports on UPS. Susquehanna raised their price target on shares of United Parcel Service from $116.00 to $118.00 and gave the stock a “neutral” rating in a report on Wednesday, April 29th. UBS Group lowered their price objective on shares of United Parcel Service from $125.00 to $123.00 and set a “buy” rating for the company in a research note on Wednesday, April 29th. Stephens upgraded shares of United Parcel Service to a “strong-buy” rating in a report on Wednesday, July 8th. Evercore cut their target price on United Parcel Service from $115.00 to $113.00 and set an “in-line” rating on the stock in a research note on Wednesday, April 22nd. Finally, Weiss Ratings upgraded United Parcel Service from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday. Two analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, eleven have given a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $111.10.

United Parcel Service Profile

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.