United Parcel Service, Inc. (NYSE:UPS) Shares Purchased by Advisory Services Network LLC

Advisory Services Network LLC boosted its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 27.9% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 46,934 shares of the transportation company’s stock after purchasing an additional 10,235 shares during the period. Advisory Services Network LLC’s holdings in United Parcel Service were worth $6,976,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

United Parcel Service Stock Up 1.5 %

Shares of NYSE UPS traded up $2.06 during midday trading on Friday, hitting $140.30. The company’s stock had a trading volume of 742,128 shares, compared to its average volume of 3,971,442. United Parcel Service, Inc. has a 1 year low of $132.90 and a 1 year high of $192.98. The business’s fifty day simple moving average is $139.65 and its two-hundred day simple moving average is $147.14. The firm has a market capitalization of $120.04 billion, a price-to-earnings ratio of 20.31, a price-to-earnings-growth ratio of 1.72 and a beta of 0.98. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.10 and a quick ratio of 1.04.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings data on Tuesday, April 23rd. The transportation company reported $1.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.33 by $0.10. The business had revenue of $21.70 billion for the quarter, compared to analysts’ expectations of $21.84 billion. United Parcel Service had a return on equity of 37.42% and a net margin of 6.60%. The company’s revenue for the quarter was down 5.3% compared to the same quarter last year. During the same period last year, the firm earned $2.20 earnings per share. On average, equities analysts predict that United Parcel Service, Inc. will post 8.22 EPS for the current year.

United Parcel Service Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, May 30th. Investors of record on Monday, May 13th were paid a dividend of $1.63 per share. The ex-dividend date was Friday, May 10th. This represents a $6.52 dividend on an annualized basis and a dividend yield of 4.65%. United Parcel Service’s payout ratio is 94.49%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on UPS shares. JPMorgan Chase & Co. lowered their price objective on United Parcel Service from $154.00 to $150.00 and set a “neutral” rating on the stock in a report on Tuesday, April 9th. Morgan Stanley raised their price objective on United Parcel Service from $95.00 to $100.00 and gave the company an “underweight” rating in a report on Wednesday, March 27th. Bank of America upped their price objective on shares of United Parcel Service from $157.00 to $160.00 and gave the company a “neutral” rating in a research note on Wednesday, April 24th. BMO Capital Markets raised their target price on shares of United Parcel Service from $165.00 to $169.00 and gave the stock a “market perform” rating in a research note on Wednesday, April 24th. Finally, Evercore ISI dropped their price target on United Parcel Service from $157.00 to $145.00 and set an “in-line” rating for the company in a research report on Monday, June 24th. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $164.55.

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.