JBR Co Financial Management Inc Makes New $292,000 Investment in United Parcel Service, Inc. (NYSE:UPS)

JBR Co Financial Management Inc purchased a new position in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 2,658 shares of the transportation company's stock, valued at approximately $292,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Altus Wealth Group LLC grew its position in United Parcel Service by 4.6% during the 4th quarter. Altus Wealth Group LLC now owns 2,022 shares of the transportation company's stock worth $255,000 after purchasing an additional 89 shares during the period. Morningstar Investment Management LLC grew its position in shares of United Parcel Service by 1.9% during the 4th quarter. Morningstar Investment Management LLC now owns 5,052 shares of the transportation company's stock valued at $637,000 after acquiring an additional 95 shares during the period. Colonial Trust Co SC increased its stake in shares of United Parcel Service by 1.4% in the 4th quarter. Colonial Trust Co SC now owns 7,227 shares of the transportation company's stock valued at $911,000 after purchasing an additional 98 shares in the last quarter. Juncture Wealth Strategies LLC increased its stake in shares of United Parcel Service by 2.5% in the 1st quarter. Juncture Wealth Strategies LLC now owns 4,124 shares of the transportation company's stock valued at $454,000 after purchasing an additional 101 shares in the last quarter. Finally, Cohen & Steers Inc. raised its holdings in United Parcel Service by 5.3% in the 4th quarter. Cohen & Steers Inc. now owns 2,054 shares of the transportation company's stock worth $259,000 after purchasing an additional 104 shares during the period. 60.26% of the stock is owned by institutional investors and hedge funds.

United Parcel Service Price Performance

UPS traded up $0.15 during trading on Friday, reaching $99.36. The company's stock had a trading volume of 11,093,220 shares, compared to its average volume of 5,189,324. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.24. The firm has a fifty day simple moving average of $97.77 and a two-hundred day simple moving average of $111.53. United Parcel Service, Inc. has a 1 year low of $90.55 and a 1 year high of $148.15. The company has a market cap of $84.14 billion, a price-to-earnings ratio of 14.48, a PEG ratio of 1.74 and a beta of 1.22.

United Parcel Service (NYSE:UPS - Get Free Report) last released its earnings results on Tuesday, April 29th. The transportation company reported $1.49 earnings per share for the quarter, topping analysts' consensus estimates of $1.38 by $0.11. United Parcel Service had a net margin of 6.44% and a return on equity of 40.15%. The business had revenue of $21.50 billion for the quarter, compared to analyst estimates of $21.25 billion. During the same period last year, the company posted $1.43 EPS. The business's revenue was down .9% on a year-over-year basis. As a group, analysts anticipate that United Parcel Service, Inc. will post 7.95 EPS for the current year.

United Parcel Service Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 5th. Shareholders of record on Monday, May 19th were paid a $1.64 dividend. This represents a $6.56 dividend on an annualized basis and a yield of 6.60%. The ex-dividend date was Monday, May 19th. United Parcel Service's dividend payout ratio (DPR) is 95.63%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on UPS. Bank of America increased their price target on United Parcel Service from $111.00 to $115.00 and gave the stock a "buy" rating in a research report on Friday, May 16th. Galvan Research lowered their price target on United Parcel Service from $147.00 to $133.00 and set a "buy" rating on the stock in a research report on Wednesday, April 9th. Wall Street Zen downgraded United Parcel Service from a "buy" rating to a "hold" rating in a research report on Wednesday, May 7th. JPMorgan Chase & Co. lowered their price target on United Parcel Service from $120.00 to $115.00 and set a "neutral" rating on the stock in a research report on Monday, April 7th. Finally, Citigroup lowered their price target on United Parcel Service from $149.00 to $123.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $120.26.

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.