Addenda Capital Inc. Purchases 12,761 Shares of United Parcel Service, Inc. (NYSE:UPS)

Addenda Capital Inc. lifted its position in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 30.0% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 55,239 shares of the transportation company's stock after acquiring an additional 12,761 shares during the quarter. Addenda Capital Inc.'s holdings in United Parcel Service were worth $6,076,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Woodstock Corp lifted its position in United Parcel Service by 11.8% during the 1st quarter. Woodstock Corp now owns 46,709 shares of the transportation company's stock valued at $5,138,000 after purchasing an additional 4,943 shares during the period. Czech National Bank lifted its holdings in United Parcel Service by 5.9% in the first quarter. Czech National Bank now owns 167,984 shares of the transportation company's stock valued at $18,477,000 after buying an additional 9,408 shares during the period. Bond & Devick Financial Network Inc. boosted its stake in United Parcel Service by 24.7% in the first quarter. Bond & Devick Financial Network Inc. now owns 1,971 shares of the transportation company's stock valued at $217,000 after acquiring an additional 390 shares during the last quarter. Mechanics Bank Trust Department grew its holdings in United Parcel Service by 24.9% during the 1st quarter. Mechanics Bank Trust Department now owns 12,757 shares of the transportation company's stock worth $1,403,000 after acquiring an additional 2,546 shares during the period. Finally, Legacy Wealth Asset Management LLC lifted its stake in United Parcel Service by 5.6% in the first quarter. Legacy Wealth Asset Management LLC now owns 3,785 shares of the transportation company's stock valued at $416,000 after buying an additional 200 shares during the period. Institutional investors and hedge funds own 60.26% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft assumed coverage on shares of United Parcel Service in a report on Friday, March 7th. They issued a "hold" rating and a $119.00 price target for the company. Barclays dropped their target price on United Parcel Service from $100.00 to $90.00 and set an "underweight" rating on the stock in a report on Monday, March 31st. JPMorgan Chase & Co. decreased their price target on United Parcel Service from $120.00 to $115.00 and set a "neutral" rating for the company in a research note on Monday, April 7th. Wells Fargo & Company reiterated an "equal weight" rating and set a $98.00 price objective (down previously from $120.00) on shares of United Parcel Service in a research note on Tuesday, April 22nd. Finally, Bank of America boosted 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. Two investment analysts have rated the stock with a sell rating, thirteen have given 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 presently has a consensus rating of "Hold" and an average price target of $120.26.

United Parcel Service Trading Down 1.3%

NYSE:UPS traded down $1.27 on Thursday, reaching $97.28. 2,347,449 shares of the stock traded hands, compared to its average volume of 6,234,081. The company's 50 day moving average is $97.81 and its 200-day moving average is $114.49. The company has a current ratio of 1.17, a quick ratio of 1.14 and a debt-to-equity ratio of 1.16. United Parcel Service, Inc. has a 1-year low of $90.55 and a 1-year high of $148.15. The firm has a market capitalization of $82.38 billion, a price-to-earnings ratio of 14.39, a price-to-earnings-growth ratio of 1.55 and a beta of 1.23.

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 for the quarter, topping analysts' consensus estimates of $1.38 by $0.11. The firm had revenue of $21.50 billion during the quarter, compared to the consensus estimate of $21.25 billion. United Parcel Service had a return on equity of 39.13% and a net margin of 6.35%. The business's revenue was down .9% compared to the same quarter last year. During the same period last year, the business posted $1.43 EPS. Equities research analysts anticipate that United Parcel Service, Inc. will post 7.95 EPS for the current fiscal year.

United Parcel Service Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 5th. Stockholders of record on Monday, May 19th will be given a dividend of $1.64 per share. This represents a $6.56 annualized dividend and a dividend yield of 6.74%. The ex-dividend date is Monday, May 19th. 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.