Hennessy Advisors Inc. Increases Stake in United Parcel Service, Inc. (UPS)

Hennessy Advisors Inc. increased its holdings in United Parcel Service, Inc. (NYSE:UPS) by 58.1% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 69,900 shares of the transportation company’s stock after purchasing an additional 25,700 shares during the period. Hennessy Advisors Inc.’s holdings in United Parcel Service were worth $7,811,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in UPS. CX Institutional bought a new stake in United Parcel Service during the 1st quarter valued at $29,000. Larson Financial Group LLC bought a new stake in United Parcel Service during the 4th quarter valued at $29,000. Orrstown Financial Services Inc. bought a new stake in United Parcel Service during the 4th quarter valued at $29,000. Reilly Financial Advisors LLC bought a new stake in United Parcel Service during the 4th quarter valued at $29,000. Finally, Financial Advantage Inc. bought a new stake in United Parcel Service during the 4th quarter valued at $39,000. 55.54% of the stock is owned by institutional investors.

UPS has been the subject of a number of recent analyst reports. Zacks Investment Research lowered shares of United Parcel Service from a “hold” rating to a “sell” rating in a report on Monday, December 31st. Standpoint Research initiated coverage on shares of United Parcel Service in a report on Wednesday, December 26th. They set a “buy” rating and a $89.89 price target for the company. Berenberg Bank upgraded shares of United Parcel Service from a “hold” rating to a “buy” rating and upped their price target for the company from $125.00 to $130.00 in a report on Monday, April 1st. Bank of America reiterated a “neutral” rating and set a $112.00 price target (down from $116.00) on shares of United Parcel Service in a report on Friday, February 1st. Finally, Credit Suisse Group upped their price target on shares of United Parcel Service from $104.00 to $111.00 and gave the company a “neutral” rating in a report on Monday, February 4th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $123.70.

Shares of NYSE UPS opened at $113.08 on Thursday. The company has a debt-to-equity ratio of 6.56, a current ratio of 1.15 and a quick ratio of 1.15. United Parcel Service, Inc. has a 12 month low of $89.89 and a 12 month high of $125.09. The firm has a market capitalization of $97.13 billion, a price-to-earnings ratio of 15.62, a P/E/G ratio of 1.67 and a beta of 1.21.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings data on Thursday, January 31st. The transportation company reported $1.94 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.91 by $0.03. United Parcel Service had a net margin of 6.67% and a return on equity of 254.74%. The business had revenue of $19.85 billion during the quarter, compared to analyst estimates of $19.92 billion. During the same period in the prior year, the business earned $1.67 EPS. Equities research analysts expect that United Parcel Service, Inc. will post 7.54 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 12th. Shareholders of record on Tuesday, February 26th were issued a $0.96 dividend. The ex-dividend date was Monday, February 25th. This is a positive change from United Parcel Service’s previous quarterly dividend of $0.91. This represents a $3.84 annualized dividend and a yield of 3.40%. United Parcel Service’s dividend payout ratio is 53.04%.

In other United Parcel Service news, CFO Richard N. Peretz sold 9,112 shares of the company’s stock in a transaction on Wednesday, February 13th. The shares were sold at an average price of $111.18, for a total value of $1,013,072.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Teri P. Mcclure sold 5,000 shares of the company’s stock in a transaction on Monday, February 25th. The stock was sold at an average price of $109.72, for a total transaction of $548,600.00. The disclosure for this sale can be found here. 0.17% of the stock is currently owned by corporate insiders.

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United Parcel Service Profile

United Parcel Service, Inc provides letter and package delivery, specialized transportation, logistics, and financial services. It operates through three segments: U.S. Domestic Package, International Package, and Supply Chain & Freight. The U.S. Domestic Package segment offers time-definite delivery of letters, documents, small packages, and palletized freight through air and ground services in the United States.

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Institutional Ownership by Quarter for United Parcel Service (NYSE:UPS)

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