United Parcel Service, Inc. (NYSE:UPS) Shares Purchased by CapWealth Advisors LLC

CapWealth Advisors LLC boosted its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 24.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 72,661 shares of the transportation company’s stock after buying an additional 14,477 shares during the period. CapWealth Advisors LLC’s holdings in United Parcel Service were worth $10,800,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Harbor Capital Advisors Inc. raised its stake in United Parcel Service by 0.4% in the 4th quarter. Harbor Capital Advisors Inc. now owns 17,530 shares of the transportation company’s stock worth $2,756,000 after acquiring an additional 64 shares during the last quarter. First Financial Corp IN increased its holdings in shares of United Parcel Service by 24.2% in the fourth quarter. First Financial Corp IN now owns 334 shares of the transportation company’s stock valued at $53,000 after purchasing an additional 65 shares during the period. Gleason Group Inc. raised its stake in shares of United Parcel Service by 1.1% in the fourth quarter. Gleason Group Inc. now owns 6,351 shares of the transportation company’s stock worth $999,000 after purchasing an additional 66 shares during the last quarter. Cullen Investment Group LTD. lifted its holdings in shares of United Parcel Service by 0.7% during the first quarter. Cullen Investment Group LTD. now owns 9,921 shares of the transportation company’s stock worth $1,480,000 after purchasing an additional 68 shares during the period. Finally, Advisors Capital Management LLC boosted its position in United Parcel Service by 0.5% in the third quarter. Advisors Capital Management LLC now owns 15,085 shares of the transportation company’s stock valued at $2,351,000 after buying an additional 69 shares during the last quarter. 60.26% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

UPS has been the subject of several research reports. Stifel Nicolaus decreased their price objective on shares of United Parcel Service from $178.00 to $170.00 and set a “buy” rating for the company in a research note on Thursday, March 28th. Bank of America upped their price target on shares of United Parcel Service from $157.00 to $160.00 and gave the company a “neutral” rating in a report on Wednesday, April 24th. TD Cowen reduced their price objective on United Parcel Service from $147.00 to $140.00 and set a “hold” rating for the company in a research note on Thursday, March 28th. Wells Fargo & Company started coverage on United Parcel Service in a report on Friday, June 7th. They issued an “overweight” rating and a $156.00 price objective for the company. Finally, BMO Capital Markets raised their target price on United Parcel Service from $165.00 to $169.00 and gave the stock a “market perform” rating in a report on Wednesday, April 24th. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, United Parcel Service has an average rating of “Hold” and an average price target of $164.55.

United Parcel Service Price Performance

Shares of United Parcel Service stock traded down $1.25 during trading hours on Tuesday, reaching $134.28. 3,116,820 shares of the company’s stock were exchanged, compared to its average volume of 4,009,023. The business has a fifty day moving average of $140.03 and a two-hundred day moving average of $147.28. The company has a market capitalization of $114.88 billion, a P/E ratio of 19.46, a price-to-earnings-growth ratio of 1.73 and a beta of 0.98. 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 1 year low of $132.90 and a 1 year high of $192.98.

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

United Parcel Service Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 30th. Investors of record on Monday, May 13th were given 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 yield of 4.86%. United Parcel Service’s payout ratio is 94.49%.

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.