Berkeley Capital Partners LLC Has $966,000 Holdings in United Parcel Service, Inc. (NYSE:UPS)

Berkeley Capital Partners LLC raised its holdings in United Parcel Service, Inc. (NYSE:UPS - Free Report) by 132.6% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,787 shares of the transportation company's stock after buying an additional 5,010 shares during the quarter. Berkeley Capital Partners LLC's holdings in United Parcel Service were worth $966,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Colonial Trust Co SC lifted its stake in shares of United Parcel Service by 1.4% in the 4th quarter. Colonial Trust Co SC now owns 7,227 shares of the transportation company's stock valued at $911,000 after purchasing an additional 98 shares in the last quarter. Juncture Wealth Strategies LLC lifted its stake in shares of United Parcel Service by 2.5% in the 1st quarter. Juncture Wealth Strategies LLC now owns 4,124 shares of the transportation company's stock valued at $454,000 after purchasing an additional 101 shares in the last quarter. TCV Trust & Wealth Management Inc. lifted its stake in shares of United Parcel Service by 1.4% in the 1st quarter. TCV Trust & Wealth Management Inc. now owns 7,544 shares of the transportation company's stock valued at $830,000 after purchasing an additional 103 shares in the last quarter. Cohen & Steers Inc. lifted its stake in shares of United Parcel Service by 5.3% in the 4th quarter. Cohen & Steers Inc. now owns 2,054 shares of the transportation company's stock valued at $259,000 after purchasing an additional 104 shares in the last quarter. Finally, Diligent Investors LLC lifted its stake in shares of United Parcel Service by 1.7% in the 4th quarter. Diligent Investors LLC now owns 6,722 shares of the transportation company's stock valued at $848,000 after purchasing an additional 111 shares in the last quarter. Hedge funds and other institutional investors own 60.26% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently commented on the company. Loop Capital reduced their price target on United Parcel Service from $115.00 to $105.00 and set a "hold" rating on the stock in a research report on Wednesday, April 30th. Stifel Nicolaus dropped their price objective on United Parcel Service from $145.00 to $124.00 and set a "buy" rating on the stock in a report on Wednesday, April 30th. Citigroup lifted their price objective on United Parcel Service from $122.00 to $127.00 and gave the stock a "buy" rating in a report on Wednesday, July 9th. BNP Paribas upgraded United Parcel Service to a "hold" rating in a report on Thursday, July 3rd. Finally, Wall Street Zen downgraded United Parcel Service from a "buy" rating to a "hold" rating in a report on Wednesday, May 7th. Two equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, United Parcel Service has a consensus rating of "Hold" and an average target price of $119.13.

United Parcel Service Stock Down 0.3%

United Parcel Service stock traded down $0.29 during mid-day trading on Friday, hitting $99.21. The company's stock had a trading volume of 4,569,313 shares, compared to its average volume of 5,273,696. The firm's 50 day moving average is $99.85 and its 200 day moving average is $108.02. The company has a market cap of $84.01 billion, a PE ratio of 14.46, a price-to-earnings-growth ratio of 1.91 and a beta of 1.21. 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 52-week low of $90.55 and a 52-week high of $146.17.

United Parcel Service (NYSE:UPS - Get Free Report) last issued 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. United Parcel Service had a return on equity of 40.15% and a net margin of 6.44%. The business had revenue of $21.50 billion for the quarter, compared to analyst estimates of $21.25 billion. During the same quarter in the prior year, the firm posted $1.43 EPS. The firm's revenue for the quarter was down .9% on a year-over-year basis. On average, analysts anticipate that United Parcel Service, Inc. will post 7.95 earnings per share for the current year.

United Parcel Service Dividend Announcement

The company also recently disclosed 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 dividend yield of 6.61%. United Parcel Service's dividend payout ratio is currently 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.