Washburn Capital Management Inc. Acquires New Stake in United Parcel Service, Inc. (NYSE:UPS)

Washburn Capital Management Inc. acquired a new position in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 9,220 shares of the transportation company's stock, valued at approximately $1,014,000. United Parcel Service comprises approximately 0.6% of Washburn Capital Management Inc.'s holdings, making the stock its 21st largest holding.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in UPS. Generali Investments Management Co LLC acquired a new position in United Parcel Service during the fourth quarter worth $26,000. Pinney & Scofield Inc. acquired a new position in United Parcel Service during the fourth quarter worth $27,000. Fourth Dimension Wealth LLC acquired a new position in United Parcel Service during the fourth quarter worth $28,000. Runnymede Capital Advisors Inc. acquired a new position in United Parcel Service during the fourth quarter worth $30,000. Finally, Graybill Wealth Management LTD. acquired a new position in United Parcel Service during the first quarter worth $26,000. Institutional investors and hedge funds own 60.26% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have commented on UPS shares. Barclays decreased their price target on United Parcel Service from $100.00 to $90.00 and set an "underweight" rating on the stock in a research note on Monday, March 31st. Loop Capital decreased their price target on United Parcel Service from $115.00 to $105.00 and set a "hold" rating on the stock in a research note on Wednesday, April 30th. Stifel Nicolaus cut their price objective on United Parcel Service from $145.00 to $124.00 and set a "buy" rating on the stock in a research report on Wednesday, April 30th. BNP Paribas Exane raised United Parcel Service from an "underperform" rating to a "neutral" rating and set a $100.00 price objective on the stock in a research report on Thursday, July 3rd. Finally, Bank of America upped their price objective 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. Two research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $119.13.

United Parcel Service Stock Down 0.3%

Shares of NYSE UPS traded down $0.29 during mid-day trading on Friday, reaching $99.21. The company had a trading volume of 4,569,313 shares, compared to its average volume of 5,264,897. 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 firm has a 50 day simple moving average of $99.85 and a two-hundred day simple moving average of $108.14. The stock has a market cap 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, Inc. has a 52-week low of $90.55 and a 52-week high of $146.17.

United Parcel Service (NYSE:UPS - Get Free Report) last posted its earnings results on Tuesday, April 29th. The transportation company reported $1.49 EPS 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 the consensus estimate of $21.25 billion. During the same period last year, the firm posted $1.43 EPS. The company's revenue was down .9% on a year-over-year basis. Sell-side analysts predict that United Parcel Service, Inc. will post 7.95 earnings per share for the current year.

United Parcel Service Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 5th. Investors of record on Monday, May 19th were given a $1.64 dividend. The ex-dividend date of this dividend was Monday, May 19th. This represents a $6.56 annualized dividend and a yield of 6.61%. United Parcel Service's dividend payout ratio (DPR) is 95.63%.

About United Parcel Service

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.