Agate Pass Investment Management LLC Acquires 4,450 Shares of United Parcel Service, Inc. (NYSE:UPS)

Agate Pass Investment Management LLC lifted its stake in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 93.0% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 9,235 shares of the transportation company's stock after buying an additional 4,450 shares during the quarter. Agate Pass Investment Management LLC's holdings in United Parcel Service were worth $1,016,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently modified their holdings of the company. IMG Wealth Management Inc. purchased a new position in shares of United Parcel Service during the fourth quarter valued at about $25,000. Generali Investments Management Co LLC purchased a new position in shares of United Parcel Service during the fourth quarter valued at about $26,000. Pinney & Scofield Inc. purchased a new position in shares of United Parcel Service during the fourth quarter valued at about $27,000. Fourth Dimension Wealth LLC purchased a new position in shares of United Parcel Service during the fourth quarter valued at about $28,000. Finally, Runnymede Capital Advisors Inc. purchased a new stake in shares of United Parcel Service in the 4th quarter worth about $30,000. Hedge funds and other institutional investors own 60.26% of the company's stock.

United Parcel Service Stock Performance

Shares of NYSE UPS traded down $0.11 during trading on Monday, reaching $97.43. 2,787,414 shares of the company traded hands, compared to its average volume of 5,136,908. The firm has a 50 day simple moving average of $98.56 and a 200-day simple moving average of $114.98. The company has a quick ratio of 1.14, a current ratio of 1.17 and a debt-to-equity ratio of 1.16. The stock has a market capitalization of $82.51 billion, a PE ratio of 14.41, a P/E/G ratio of 1.55 and a beta of 1.23. United Parcel Service, Inc. has a 52-week low of $90.55 and a 52-week high of $148.15.

United Parcel Service (NYSE:UPS - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The transportation company reported $1.49 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.38 by $0.11. The firm had revenue of $21.50 billion for the quarter, compared to the consensus estimate of $21.25 billion. United Parcel Service had a net margin of 6.35% and a return on equity of 39.13%. The business's quarterly revenue was down .9% compared to the same quarter last year. During the same quarter last year, the firm posted $1.43 EPS. Equities research analysts anticipate 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 disclosed a quarterly dividend, which will be paid on Thursday, June 5th. Stockholders of record on Monday, May 19th will be paid a $1.64 dividend. This represents a $6.56 annualized dividend and a dividend yield of 6.73%. The ex-dividend date of this dividend is Monday, May 19th. United Parcel Service's dividend payout ratio (DPR) is presently 95.63%.

Analysts Set New Price Targets

UPS has been the topic of a number of recent research reports. Citigroup reduced their target price on shares of 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. Bank of America upped their target price on shares of United Parcel Service from $111.00 to $115.00 and gave the stock a "buy" rating in a research report on Friday, May 16th. BMO Capital Markets reduced their target price on shares of United Parcel Service from $130.00 to $125.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 30th. JPMorgan Chase & Co. reduced their target price on shares of 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, Wells Fargo & Company reaffirmed an "equal weight" rating and issued a $98.00 target price (down from $120.00) on shares of United Parcel Service in a research report on Tuesday, April 22nd. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $120.26.

United Parcel Service 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.