5,641 Shares in United Parcel Service, Inc. (NYSE:UPS) Purchased by Gallacher Capital Management LLC

Gallacher Capital Management LLC purchased a new stake in United Parcel Service, Inc. (NYSE:UPS - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 5,641 shares of the transportation company's stock, valued at approximately $620,000.

Other large investors also recently bought and sold shares of the company. Miller Financial Services LLC grew its holdings in shares of United Parcel Service by 6.9% during the 1st quarter. Miller Financial Services LLC now owns 18,543 shares of the transportation company's stock worth $2,040,000 after purchasing an additional 1,197 shares during the period. William Allan Corp increased its position in United Parcel Service by 3.0% during the first quarter. William Allan Corp now owns 30,068 shares of the transportation company's stock worth $3,307,000 after buying an additional 878 shares during the period. Carmel Capital Partners LLC grew its stake in shares of United Parcel Service by 5.2% in the 1st quarter. Carmel Capital Partners LLC now owns 16,333 shares of the transportation company's stock valued at $1,796,000 after purchasing an additional 808 shares during the last quarter. Bingham Private Wealth LLC grew its holdings in United Parcel Service by 27.9% in the first quarter. Bingham Private Wealth LLC now owns 3,050 shares of the transportation company's stock valued at $335,000 after purchasing an additional 666 shares during the last quarter. Finally, Lindbrook Capital LLC boosted its stake in shares of United Parcel Service by 24.4% during the first quarter. Lindbrook Capital LLC now owns 4,068 shares of the transportation company's stock valued at $447,000 after acquiring an additional 799 shares during the last quarter. 60.26% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

UPS has been the subject of a number of recent analyst reports. BMO Capital Markets lowered their price objective on United Parcel Service from $130.00 to $125.00 and set an "outperform" rating for the company in a research note on Wednesday, April 30th. JPMorgan Chase & Co. decreased their target price on United Parcel Service from $110.00 to $107.00 and set a "neutral" rating for the company in a research report on Tuesday, July 8th. HSBC lowered United Parcel Service from a "buy" rating to a "hold" rating and set a $105.00 price objective for the company. in a research report on Thursday, May 1st. BNP Paribas Exane upgraded United Parcel Service from an "underperform" rating to a "neutral" rating and set a $100.00 price objective for the company in a research report on Thursday, July 3rd. Finally, Wolfe Research reduced their price objective on United Parcel Service from $133.00 to $113.00 and set an "outperform" rating for the company in a research report on Wednesday, April 9th. Two equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $119.13.

United Parcel Service Price Performance

Shares of United Parcel Service stock traded down $0.37 on Monday, hitting $98.85. 3,747,920 shares of the company traded hands, compared to its average volume of 5,267,599. The firm's 50-day simple moving average is $99.85 and its 200 day simple moving average is $107.91. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.24. The company has a market cap of $83.71 billion, a P/E ratio of 12.74, a P/E/G ratio of 1.91 and a beta of 1.21. United Parcel Service, Inc. has a 12-month low of $90.55 and a 12-month high of $146.17.

United Parcel Service (NYSE:UPS - Get Free Report) last announced its earnings results on Tuesday, April 29th. The transportation company reported $1.49 earnings per share for the quarter, beating 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 firm had revenue of $21.50 billion for the quarter, compared to analyst estimates of $21.25 billion. During the same quarter in the previous year, the firm posted $1.43 EPS. The company's revenue for the quarter was down .9% compared to the same quarter last year. Analysts expect that United Parcel Service, Inc. will post 7.95 earnings per share for the current fiscal year.

United Parcel Service Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 5th. Stockholders of record on Monday, May 19th were issued a dividend of $1.64 per share. The ex-dividend date of this dividend was Monday, May 19th. This represents a $6.56 annualized dividend and a dividend yield of 6.64%. United Parcel Service's payout ratio is 95.63%.

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.