Cetera Investment Advisers Has $35.14 Million Stake in United Parcel Service, Inc. (NYSE:UPS)

Cetera Investment Advisers raised its position in United Parcel Service, Inc. (NYSE:UPS - Free Report) by 6.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 278,681 shares of the transportation company's stock after purchasing an additional 16,076 shares during the period. Cetera Investment Advisers' holdings in United Parcel Service were worth $35,142,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Principal Financial Group Inc. boosted its holdings in shares of United Parcel Service by 4.3% during the 3rd quarter. Principal Financial Group Inc. now owns 829,280 shares of the transportation company's stock valued at $113,064,000 after buying an additional 33,989 shares in the last quarter. InvesTrust purchased a new position in United Parcel Service in the 4th quarter worth approximately $4,856,000. First Hawaiian Bank raised its stake in shares of United Parcel Service by 117.6% in the fourth quarter. First Hawaiian Bank now owns 7,419 shares of the transportation company's stock worth $936,000 after purchasing an additional 4,009 shares during the last quarter. ST Germain D J Co. Inc. lifted its stake in United Parcel Service by 61.5% during the 4th quarter. ST Germain D J Co. Inc. now owns 2,505 shares of the transportation company's stock valued at $316,000 after acquiring an additional 954 shares during the period. Finally, Ridgewood Investments LLC boosted its holdings in United Parcel Service by 5.9% in the fourth quarter. Ridgewood Investments LLC now owns 13,626 shares of the transportation company's stock worth $1,718,000 after purchasing an additional 756 shares during the last quarter. Institutional investors own 60.26% of the company's stock.

United Parcel Service Stock Performance

Shares of UPS stock traded down $1.03 during mid-day trading on Friday, reaching $95.92. The stock had a trading volume of 5,616,665 shares, compared to its average volume of 5,012,418. The firm has a market cap of $81.93 billion, a PE ratio of 14.19, a P/E/G ratio of 1.55 and a beta of 1.23. The company has a quick ratio of 1.14, a current ratio of 1.17 and a debt-to-equity ratio of 1.16. The firm's 50 day simple moving average is $104.28 and its 200 day simple moving average is $118.93. United Parcel Service, Inc. has a one year low of $90.55 and a one year high of $153.42.

United Parcel Service (NYSE:UPS - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The transportation company reported $1.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.38 by $0.11. The business had revenue of $21.50 billion for the quarter, compared to the consensus estimate of $21.25 billion. United Parcel Service had a net margin of 6.35% and a return on equity of 39.13%. The firm's quarterly revenue was down .9% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.43 EPS. On average, analysts forecast that United Parcel Service, Inc. will post 7.95 EPS for the current year.

United Parcel Service Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 5th. Investors of record on Monday, May 19th will be given a $1.64 dividend. This represents a $6.56 dividend on an annualized basis and a dividend yield of 6.84%. The ex-dividend date is Monday, May 19th. United Parcel Service's dividend payout ratio is currently 95.63%.

Analyst Upgrades and Downgrades

UPS has been the subject of a number of analyst reports. Robert W. Baird cut United Parcel Service from an "outperform" rating to a "neutral" rating and reduced their price target for the stock from $160.00 to $130.00 in a research report on Friday, January 31st. Stifel Nicolaus cut their price objective on United Parcel Service from $145.00 to $124.00 and set a "buy" rating for the company in a research report on Wednesday, April 30th. JPMorgan Chase & Co. decreased their price target on shares of United Parcel Service from $120.00 to $115.00 and set a "neutral" rating on the stock in a research note on Monday, April 7th. Citigroup dropped their target price on United Parcel Service from $149.00 to $123.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. Finally, Wells Fargo & Company reissued an "equal weight" rating and issued a $98.00 price objective (down from $120.00) on shares of United Parcel Service in a research report on Tuesday, April 22nd. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $120.87.

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.