Alpine Woods Capital Investors LLC Buys Shares of 11,269 United Parcel Service, Inc. (NYSE:UPS)

Alpine Woods Capital Investors LLC purchased 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 purchased 11,269 shares of the transportation company's stock, valued at approximately $1,239,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of UPS. Vanguard Group Inc. raised its stake in United Parcel Service by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 65,136,394 shares of the transportation company's stock valued at $8,213,699,000 after acquiring an additional 370,705 shares during the period. Geode Capital Management LLC raised its position in shares of United Parcel Service by 2.7% in the fourth quarter. Geode Capital Management LLC now owns 15,704,334 shares of the transportation company's stock valued at $1,979,695,000 after purchasing an additional 414,710 shares during the period. Franklin Resources Inc. lifted its stake in shares of United Parcel Service by 15.6% during the 4th quarter. Franklin Resources Inc. now owns 10,979,909 shares of the transportation company's stock worth $1,384,567,000 after buying an additional 1,484,452 shares during the last quarter. FMR LLC lifted its stake in shares of United Parcel Service by 2.5% during the 4th quarter. FMR LLC now owns 10,895,828 shares of the transportation company's stock worth $1,373,964,000 after buying an additional 268,278 shares during the last quarter. Finally, Norges Bank bought a new stake in shares of United Parcel Service during the 4th quarter worth about $1,075,393,000. Institutional investors own 60.26% of the company's stock.

Analysts Set New Price Targets

UPS has been the topic of several research analyst reports. Citigroup increased their price target on shares of United Parcel Service from $122.00 to $127.00 and gave the company a "buy" rating in a report on Wednesday. Barclays lowered their target price 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. Hsbc Global Res downgraded United Parcel Service from a "strong-buy" rating to a "hold" rating in a research note on Thursday, May 1st. Susquehanna lowered their price objective on United Parcel Service from $120.00 to $110.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 30th. Finally, Galvan Research reduced their target price on shares of United Parcel Service from $147.00 to $133.00 and set a "buy" rating for the company in a research report on Wednesday, April 9th. Two research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, United Parcel Service presently has an average rating of "Hold" and an average target price of $119.13.

United Parcel Service Price Performance

Shares of UPS stock traded down $1.63 on Friday, hitting $101.29. 4,337,400 shares of the company's stock were exchanged, compared to its average volume of 5,257,434. 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 12 month low of $90.55 and a 12 month high of $148.15. The stock has a market cap of $85.77 billion, a P/E ratio of 14.77, a price-to-earnings-growth ratio of 1.95 and a beta of 1.21. The company has a 50 day moving average of $99.42 and a 200 day moving average of $108.81.

United Parcel Service (NYSE:UPS - Get Free Report) last issued its earnings results on Tuesday, April 29th. The transportation company reported $1.49 EPS for the quarter, topping the consensus estimate 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 40.15% and a net margin of 6.44%. The business's quarterly revenue was down .9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.43 earnings per share. On average, equities research analysts predict that United Parcel Service, Inc. will post 7.95 EPS for the current year.

United Parcel Service Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, June 5th. Shareholders of record on Monday, May 19th were given a $1.64 dividend. The ex-dividend date was Monday, May 19th. This represents a $6.56 dividend on an annualized basis and a yield of 6.48%. United Parcel Service's dividend payout ratio is currently 95.63%.

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.