Barnes Dennig Private Wealth Management LLC Invests $2.66 Million in United Parcel Service, Inc. (NYSE:UPS)

Barnes Dennig Private Wealth Management LLC bought a new stake in United Parcel Service, Inc. (NYSE:UPS - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 24,223 shares of the transportation company's stock, valued at approximately $2,664,000. United Parcel Service comprises approximately 4.0% of Barnes Dennig Private Wealth Management LLC's holdings, making the stock its 10th biggest holding.

Several other hedge funds also recently bought and sold shares of UPS. IMG Wealth Management Inc. acquired a new stake in shares of United Parcel Service in the fourth quarter valued at $25,000. Generali Investments Management Co LLC purchased a new position in United Parcel Service during the 4th quarter valued at about $26,000. Pinney & Scofield Inc. acquired a new position in United Parcel Service in the 4th quarter valued at about $27,000. Citizens National Bank Trust Department grew its position in United Parcel Service by 525.0% in the 1st quarter. Citizens National Bank Trust Department now owns 250 shares of the transportation company's stock valued at $27,000 after acquiring an additional 210 shares in the last quarter. Finally, Fourth Dimension Wealth LLC purchased a new stake in United Parcel Service during the fourth quarter worth about $28,000. Hedge funds and other institutional investors own 60.26% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on UPS shares. JPMorgan Chase & Co. cut 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 note on Monday, April 7th. 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. Wolfe Research decreased their target price on United Parcel Service from $133.00 to $113.00 and set an "outperform" rating for the company in a report on Wednesday, April 9th. Wells Fargo & Company reissued an "equal weight" rating and set a $98.00 target price (down from $120.00) on shares of United Parcel Service in a research note on Tuesday, April 22nd. Finally, Hsbc Global Res lowered United Parcel Service from a "strong-buy" rating to a "hold" rating in a research report on Thursday, May 1st. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $120.26.

United Parcel Service Stock Up 3.4%

Shares of United Parcel Service stock traded up $3.47 during trading hours on Tuesday, hitting $104.41. The company had a trading volume of 6,817,223 shares, compared to its average volume of 5,196,112. United Parcel Service, Inc. has a twelve month low of $90.55 and a twelve month high of $148.15. The company has a market cap of $88.41 billion, a P/E ratio of 15.22, a price-to-earnings-growth ratio of 1.78 and a beta of 1.22. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.09 and a quick ratio of 1.09. The company's 50-day moving average is $98.28 and its two-hundred day moving average is $110.24.

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 analysts' consensus estimates of $1.38 by $0.11. The firm had revenue of $21.50 billion during the quarter, compared to analysts' expectations 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 revenue was down .9% on a year-over-year basis. During the same period in the prior year, the firm earned $1.43 EPS. Analysts anticipate that United Parcel Service, Inc. will post 7.95 earnings per share for the current fiscal 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 given a dividend of $1.64 per share. The ex-dividend date was Monday, May 19th. This represents a $6.56 dividend on an annualized basis and a dividend yield of 6.28%. United Parcel Service's dividend payout ratio (DPR) is presently 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.