United Parcel Service, Inc. (NYSE:UPS) Shares Acquired by Benin Management CORP

Benin Management CORP grew its position in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 12.7% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 31,918 shares of the transportation company's stock after buying an additional 3,605 shares during the quarter. United Parcel Service accounts for approximately 1.0% of Benin Management CORP's investment portfolio, making the stock its 16th biggest holding. Benin Management CORP's holdings in United Parcel Service were worth $3,511,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Vanguard Group Inc. boosted its holdings in shares of 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 worth $8,213,699,000 after buying an additional 370,705 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in United Parcel Service by 6.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 23,264,665 shares of the transportation company's stock valued at $2,933,674,000 after purchasing an additional 1,337,058 shares during the last quarter. Geode Capital Management LLC raised its stake 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 buying an additional 414,710 shares during the period. Franklin Resources Inc. increased its holdings in United Parcel Service by 15.6% in the 4th quarter. Franklin Resources Inc. now owns 10,979,909 shares of the transportation company's stock worth $1,384,567,000 after acquiring an additional 1,484,452 shares during the last quarter. Finally, FMR LLC lifted its holdings in United Parcel Service by 2.5% during the fourth quarter. FMR LLC now owns 10,895,828 shares of the transportation company's stock valued at $1,373,964,000 after purchasing an additional 268,278 shares during the last quarter. 60.26% of the stock is owned by institutional investors.

United Parcel Service Price Performance

Shares of United Parcel Service stock traded down $1.79 during trading hours on Thursday, reaching $96.76. 4,583,549 shares of the company's stock were exchanged, compared to its average volume of 5,146,048. The company has a market capitalization of $81.93 billion, a P/E ratio of 14.31, a price-to-earnings-growth ratio of 1.55 and a beta of 1.23. United Parcel Service, Inc. has a 1 year low of $90.55 and a 1 year high of $148.15. The business has a fifty day moving average of $97.81 and a two-hundred day moving average of $114.49. The company has a quick ratio of 1.14, a current ratio of 1.17 and a debt-to-equity ratio of 1.16.

United Parcel Service (NYSE:UPS - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The transportation company reported $1.49 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 analysts' expectations of $21.25 billion. United Parcel Service had a return on equity of 39.13% and a net margin of 6.35%. The firm's quarterly revenue was down .9% on a year-over-year basis. During the same period in the prior year, the firm posted $1.43 earnings per share. As a group, research analysts predict 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 declared a quarterly dividend, which will be paid on Thursday, June 5th. Shareholders of record on Monday, May 19th will be paid a $1.64 dividend. This represents a $6.56 dividend on an annualized basis and a yield of 6.78%. The ex-dividend date of this dividend is Monday, May 19th. United Parcel Service's dividend payout ratio is presently 95.63%.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on UPS. Barclays reduced their price target on United Parcel Service from $100.00 to $90.00 and set an "underweight" rating for the company in a research report on Monday, March 31st. Raymond James reduced their price objective on shares of United Parcel Service from $145.00 to $130.00 and set a "strong-buy" rating for the company in a research note on Wednesday, April 9th. Wolfe Research decreased their price target on shares of United Parcel Service from $133.00 to $113.00 and set an "outperform" rating on the stock in a report on Wednesday, April 9th. Hsbc Global Res cut United Parcel Service from a "strong-buy" rating to a "hold" rating in a report on Thursday, May 1st. Finally, Galvan Research lowered their target price on shares of United Parcel Service from $147.00 to $133.00 and set a "buy" rating on the stock in a research note on Wednesday, April 9th. Two equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company 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.