Bristlecone Advisors LLC Buys 4,090 Shares of United Parcel Service, Inc. (NYSE:UPS)

Bristlecone Advisors LLC increased its stake in United Parcel Service, Inc. (NYSE:UPS - Free Report) by 13.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 35,590 shares of the transportation company's stock after acquiring an additional 4,090 shares during the period. Bristlecone Advisors LLC's holdings in United Parcel Service were worth $3,915,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the business. Gallacher Capital Management LLC purchased a new position in shares of United Parcel Service during the 1st quarter worth approximately $620,000. Garde Capital Inc. purchased a new position in shares of United Parcel Service during the 1st quarter worth approximately $37,000. Golden State Wealth Management LLC grew its holdings in shares of United Parcel Service by 61.3% during the 1st quarter. Golden State Wealth Management LLC now owns 1,576 shares of the transportation company's stock worth $173,000 after acquiring an additional 599 shares during the period. CWA Asset Management Group LLC grew its holdings in shares of United Parcel Service by 5.9% during the 1st quarter. CWA Asset Management Group LLC now owns 3,467 shares of the transportation company's stock worth $381,000 after acquiring an additional 193 shares during the period. Finally, Advisor Resource Council purchased a new position in shares of United Parcel Service during the 1st quarter worth approximately $437,000. Hedge funds and other institutional investors own 60.26% of the company's stock.

United Parcel Service Stock Performance

Shares of UPS opened at $86.51 on Friday. United Parcel Service, Inc. has a one year low of $84.28 and a one year high of $145.01. The company has a 50-day moving average of $98.45 and a two-hundred day moving average of $104.95. The stock has a market cap of $73.25 billion, a price-to-earnings ratio of 12.87, a PEG ratio of 1.57 and a beta of 1.12. The company has a debt-to-equity ratio of 1.51, a current ratio of 1.32 and a quick ratio of 1.09.

United Parcel Service (NYSE:UPS - Get Free Report) last posted its quarterly earnings results on Tuesday, July 29th. The transportation company reported $1.55 EPS for the quarter, missing the consensus estimate of $1.56 by ($0.01). The company had revenue of $21.20 billion for the quarter, compared to analyst estimates of $20.90 billion. United Parcel Service had a return on equity of 39.61% and a net margin of 6.34%. The business's revenue for the quarter was down 2.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.79 earnings per share. On average, equities research analysts expect that United Parcel Service, Inc. will post 7.95 earnings per share for the current year.

United Parcel Service Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 4th. Investors of record on Monday, August 18th will be issued a dividend of $1.64 per share. This represents a $6.56 annualized dividend and a dividend yield of 7.6%. The ex-dividend date is Monday, August 18th. United Parcel Service's dividend payout ratio (DPR) is currently 97.62%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on UPS shares. Argus cut their price target on shares of United Parcel Service from $150.00 to $120.00 in a research note on Friday, May 23rd. Wall Street Zen lowered shares of United Parcel Service from a "buy" rating to a "hold" rating in a research note on Wednesday, May 7th. HSBC downgraded shares of United Parcel Service from a "buy" rating to a "hold" rating and lowered their price objective for the stock from $140.00 to $105.00 in a research report on Thursday, May 1st. Citigroup lowered their price objective on shares of United Parcel Service from $127.00 to $114.00 and set a "buy" rating on the stock in a research report on Thursday, July 31st. Finally, Hsbc Global Res downgraded shares of United Parcel Service from a "strong-buy" rating to a "hold" rating in a research report on Thursday, May 1st. Two research analysts have rated the stock with a sell rating, seventeen 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, United Parcel Service presently has a consensus rating of "Hold" and an average target price of $112.81.

Insider Activity at United Parcel Service

In other United Parcel Service news, CEO Carol B. Tome bought 11,682 shares of United Parcel Service stock in a transaction on Friday, August 1st. The stock was purchased at an average cost of $85.67 per share, for a total transaction of $1,000,796.94. Following the completion of the purchase, the chief executive officer directly owned 24,718 shares of the company's stock, valued at $2,117,591.06. The trade was a 89.61% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director William R. Johnson bought 5,000 shares of United Parcel Service stock in a transaction on Thursday, July 31st. The stock was acquired at an average price of $86.50 per share, with a total value of $432,500.00. Following the completion of the purchase, the director directly owned 10,160 shares of the company's stock, valued at approximately $878,840. The trade was a 96.90% increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 0.13% of the company's stock.

United Parcel Service Company 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.

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