State of Alaska Department of Revenue Has $10.44 Million Stake in United Parcel Service, Inc. (NYSE:UPS)

State of Alaska Department of Revenue lifted its position in United Parcel Service, Inc. (NYSE:UPS) by 4.7% in the first quarter, HoldingsChannel.com reports. The firm owned 94,906 shares of the transportation company’s stock after acquiring an additional 4,295 shares during the period. State of Alaska Department of Revenue’s holdings in United Parcel Service were worth $10,437,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of the company. CWA Asset Management Group LLC raised its holdings in shares of United Parcel Service by 5.9% in the first quarter. CWA Asset Management Group LLC now owns 3,467 shares of the transportation company’s stock valued at $381,000 after buying an additional 193 shares during the last quarter. JBR Co Financial Management Inc bought a new position in United Parcel Service during the first quarter worth about $292,000. Marino Stram & Associates LLC boosted its holdings in United Parcel Service by 3.9% during the first quarter. Marino Stram & Associates LLC now owns 6,645 shares of the transportation company’s stock worth $731,000 after buying an additional 248 shares during the last quarter. Kingswood Wealth Advisors LLC boosted its holdings in United Parcel Service by 19.3% during the first quarter. Kingswood Wealth Advisors LLC now owns 20,803 shares of the transportation company’s stock worth $2,286,000 after buying an additional 3,359 shares during the last quarter. Finally, Financial Partners Group LLC lifted its holdings in shares of United Parcel Service by 164.3% during the 1st quarter. Financial Partners Group LLC now owns 90,997 shares of the transportation company’s stock valued at $10,009,000 after purchasing an additional 56,569 shares in the last quarter. 60.26% of the stock is currently owned by institutional investors and hedge funds.

United Parcel Service Stock Performance

NYSE:UPS opened at $99.12 on Thursday. The stock’s 50-day simple moving average is $97.67 and its 200 day simple moving average is $112.10. United Parcel Service, Inc. has a twelve month low of $90.55 and a twelve month high of $148.15. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.24. The firm has a market capitalization of $83.93 billion, a PE ratio of 14.45, a price-to-earnings-growth ratio of 1.75 and a beta of 1.22.

United Parcel Service (NYSE:UPS) last posted its quarterly 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 company had revenue of $21.50 billion for the quarter, compared to the consensus estimate of $21.25 billion. During the same period last year, the company posted $1.43 EPS. The firm’s quarterly revenue was down .9% compared to the same quarter last year. On average, analysts anticipate that United Parcel Service, Inc. will post 7.95 EPS for the current fiscal year.

United Parcel Service Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 5th. Investors 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 annualized dividend and a dividend yield of 6.62%. United Parcel Service’s dividend payout ratio is 95.63%.

Wall Street Analyst Weigh In

UPS has been the topic of several recent analyst reports. Wells Fargo & Company reiterated an “equal weight” rating and set a $98.00 price objective (down previously from $120.00) on shares of United Parcel Service in a report on Tuesday, April 22nd. Wolfe Research lowered their target price on shares of United Parcel Service from $133.00 to $113.00 and set an “outperform” rating on the stock in a report on Wednesday, April 9th. BMO Capital Markets dropped their price objective on United Parcel Service from $130.00 to $125.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 30th. Truist Financial reduced their target price on shares of United Parcel Service from $140.00 to $130.00 and set a “buy” rating for the company in a report on Thursday, April 24th. Finally, UBS Group lowered their price objective on United Parcel Service from $141.00 to $127.00 and set a “buy” rating on the stock in a research report on Thursday, April 3rd. Two equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $120.26.

About United Parcel Service

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.