Azzad Asset Management Inc. ADV Has $1.97 Million Position in United Parcel Service, Inc. (NYSE:UPS)

Azzad Asset Management Inc. ADV increased its stake in United Parcel Service, Inc. (NYSE:UPS) by 1.7% in the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 13,276 shares of the transportation company’s stock after purchasing an additional 216 shares during the quarter. Azzad Asset Management Inc. ADV’s holdings in United Parcel Service were worth $1,973,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in UPS. Tennessee Valley Asset Management Partners acquired a new stake in United Parcel Service in the 4th quarter worth approximately $26,000. Life Planning Partners Inc acquired a new stake in United Parcel Service in the 4th quarter worth approximately $28,000. Northwest Financial Advisors bought a new position in United Parcel Service in the 4th quarter worth approximately $28,000. Bourgeon Capital Management LLC bought a new position in United Parcel Service in the 4th quarter worth approximately $31,000. Finally, Security National Bank bought a new position in United Parcel Service in the 4th quarter worth approximately $31,000. 60.26% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have commented on UPS. Oppenheimer lifted their price target on United Parcel Service from $153.00 to $157.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 24th. BMO Capital Markets boosted their price objective on United Parcel Service from $165.00 to $169.00 and gave the company a “market perform” rating in a research report on Wednesday, April 24th. Susquehanna boosted their price objective on United Parcel Service from $150.00 to $160.00 and gave the company a “neutral” rating in a research report on Wednesday, April 24th. Wells Fargo & Company initiated coverage on United Parcel Service in a research report on Friday, June 7th. They set an “overweight” rating and a $156.00 price objective on the stock. Finally, Bank of America boosted their price objective on United Parcel Service from $157.00 to $160.00 and gave the company a “neutral” rating in a research report on Wednesday, April 24th. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $164.55.

United Parcel Service Trading Up 0.4 %

Shares of UPS opened at $135.47 on Thursday. The company has a quick ratio of 1.04, a current ratio of 1.10 and a debt-to-equity ratio of 1.11. United Parcel Service, Inc. has a 12-month low of $132.90 and a 12-month high of $192.98. The firm has a market capitalization of $115.90 billion, a PE ratio of 19.63, a price-to-earnings-growth ratio of 1.71 and a beta of 0.98. The stock’s fifty day simple moving average is $141.24 and its 200-day simple moving average is $148.12.

United Parcel Service (NYSE:UPS) last released its quarterly earnings data on Tuesday, April 23rd. The transportation company reported $1.43 EPS for the quarter, beating analysts’ consensus estimates of $1.33 by $0.10. The business had revenue of $21.70 billion during the quarter, compared to the consensus estimate of $21.84 billion. United Parcel Service had a return on equity of 37.42% and a net margin of 6.60%. The firm’s revenue was down 5.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.20 earnings per share. As a group, research analysts predict that United Parcel Service, Inc. will post 8.22 earnings per share for the current year.

United Parcel Service Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 30th. Investors of record on Monday, May 13th were issued a $1.63 dividend. The ex-dividend date was Friday, May 10th. This represents a $6.52 dividend on an annualized basis and a yield of 4.81%. United Parcel Service’s dividend payout ratio is presently 94.49%.

United Parcel Service 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.