DeDora Capital Inc. Purchases 949 Shares of United Parcel Service, Inc. (NYSE:UPS)

DeDora Capital Inc. grew its position in United Parcel Service, Inc. (NYSE:UPS) by 19.2% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,882 shares of the transportation company’s stock after acquiring an additional 949 shares during the quarter. DeDora Capital Inc.’s holdings in United Parcel Service were worth $874,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of UPS. OFI Invest Asset Management acquired a new position in shares of United Parcel Service in the 3rd quarter valued at $25,000. Tennessee Valley Asset Management Partners acquired a new position in United Parcel Service in the fourth quarter worth about $26,000. Life Planning Partners Inc bought a new position in United Parcel Service during the fourth quarter worth about $28,000. Northwest Financial Advisors acquired a new stake in United Parcel Service during the fourth quarter valued at approximately $28,000. Finally, Bourgeon Capital Management LLC bought a new stake in shares of United Parcel Service in the 4th quarter valued at approximately $31,000. Institutional investors and hedge funds own 60.26% of the company’s stock.

United Parcel Service Trading Down 0.5 %

NYSE:UPS traded down $0.79 during trading hours on Friday, hitting $146.43. The stock had a trading volume of 2,039,256 shares, compared to its average volume of 3,606,672. The business’s 50 day moving average is $149.39 and its 200-day moving average is $150.67. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.04 and a current ratio of 1.10. The company has a market cap of $124.85 billion, a price-to-earnings ratio of 21.22, a P/E/G ratio of 1.69 and a beta of 1.05. United Parcel Service, Inc. has a one year low of $133.68 and a one year high of $192.98.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings data on Tuesday, April 23rd. The transportation company reported $1.43 EPS for the quarter, topping the consensus estimate of $1.33 by $0.10. United Parcel Service had a return on equity of 37.42% and a net margin of 6.60%. The business had revenue of $21.70 billion for the quarter, compared to the consensus estimate of $21.84 billion. During the same quarter last year, the business posted $2.20 EPS. The firm’s revenue was down 5.3% compared to the same quarter last year. Sell-side analysts anticipate that United Parcel Service, Inc. will post 8.23 EPS for the current fiscal year.

United Parcel Service Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 30th. Investors of record on Monday, May 13th will be paid a dividend of $1.63 per share. The ex-dividend date of this dividend is Friday, May 10th. This represents a $6.52 dividend on an annualized basis and a yield of 4.45%. United Parcel Service’s payout ratio is 94.49%.

Analysts Set New Price Targets

Several analysts recently commented on UPS shares. Evercore ISI reaffirmed an “in-line” rating and issued a $154.00 price target on shares of United Parcel Service in a research note on Wednesday, March 27th. JPMorgan Chase & Co. dropped their target price on shares of United Parcel Service from $154.00 to $150.00 and set a “neutral” rating for the company in a research report on Tuesday, April 9th. Robert W. Baird upgraded shares of United Parcel Service from a “neutral” rating to an “outperform” rating and boosted their price target for the company from $165.00 to $170.00 in a research report on Friday, February 16th. UBS Group raised shares of United Parcel Service from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $160.00 to $175.00 in a report on Tuesday, February 6th. Finally, Raymond James reduced their target price on United Parcel Service from $185.00 to $175.00 and set a “strong-buy” rating on the stock in a report on Wednesday, January 31st. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, United Parcel Service presently has a consensus rating of “Hold” and a consensus target price of $165.23.

United Parcel Service Company 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.