6,164 Shares in United Parcel Service, Inc. (NYSE:UPS) Acquired by Balentine LLC

Balentine LLC purchased a new stake in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 6,164 shares of the transportation company's stock, valued at approximately $678,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of UPS. Brighton Jones LLC boosted its holdings in United Parcel Service by 63.8% in the fourth quarter. Brighton Jones LLC now owns 12,126 shares of the transportation company's stock worth $1,529,000 after purchasing an additional 4,723 shares during the period. Proficio Capital Partners LLC acquired a new position in United Parcel Service in the fourth quarter worth $219,000. Madison Investment Advisors LLC acquired a new position in United Parcel Service in the fourth quarter worth $9,115,000. Royal London Asset Management Ltd. boosted its holdings in United Parcel Service by 1.5% in the fourth quarter. Royal London Asset Management Ltd. now owns 308,405 shares of the transportation company's stock worth $38,890,000 after purchasing an additional 4,595 shares during the period. Finally, Teacher Retirement System of Texas boosted its holdings in United Parcel Service by 128.4% in the fourth quarter. Teacher Retirement System of Texas now owns 198,121 shares of the transportation company's stock worth $24,983,000 after purchasing an additional 111,393 shares during the period. 60.26% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on UPS shares. Loop Capital reduced their price target on shares of United Parcel Service from $115.00 to $105.00 and set a "hold" rating for the company in a report on Wednesday, April 30th. Wells Fargo & Company reaffirmed an "equal weight" rating and issued a $98.00 price objective (down previously from $120.00) on shares of United Parcel Service in a report on Tuesday, April 22nd. Hsbc Global Res downgraded shares of United Parcel Service from a "strong-buy" rating to a "hold" rating in a report on Thursday, May 1st. Barclays dropped their price target on shares of United Parcel Service from $100.00 to $90.00 and set an "underweight" rating on the stock in a research report on Monday, March 31st. Finally, JPMorgan Chase & Co. dropped their target price on United Parcel Service from $110.00 to $107.00 and set a "neutral" rating on the stock in a report on Tuesday, July 8th. 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. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $119.13.

United Parcel Service Trading Down 0.3%

Shares of NYSE UPS opened at $99.21 on Friday. The business's 50 day moving average is $99.85 and its two-hundred day moving average is $108.14. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.09 and a quick ratio of 1.09. United Parcel Service, Inc. has a 1-year low of $90.55 and a 1-year high of $146.17. The stock has a market capitalization of $84.01 billion, a P/E ratio of 14.46, a PEG ratio of 1.91 and a beta of 1.21.

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 (EPS) for the quarter, beating the consensus estimate of $1.38 by $0.11. United Parcel Service had a return on equity of 40.15% and a net margin of 6.44%. The business had revenue of $21.50 billion for the quarter, compared to analysts' expectations of $21.25 billion. During the same quarter last year, the firm earned $1.43 EPS. The business's revenue for the quarter was down .9% on a year-over-year basis. As a group, research analysts expect that United Parcel Service, Inc. will post 7.95 EPS for the current year.

United Parcel Service Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 5th. Stockholders of record on Monday, May 19th were paid 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 6.61%. United Parcel Service's dividend payout ratio (DPR) 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.

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