Brookstone Capital Management Grows Stock Holdings in United Parcel Service, Inc. (NYSE:UPS)

Brookstone Capital Management raised its position in United Parcel Service, Inc. (NYSE:UPS - Free Report) by 9.8% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 119,468 shares of the transportation company's stock after buying an additional 10,631 shares during the period. Brookstone Capital Management's holdings in United Parcel Service were worth $13,140,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the company. Altus Wealth Group LLC lifted its stake in shares of United Parcel Service by 4.6% in the 4th quarter. Altus Wealth Group LLC now owns 2,022 shares of the transportation company's stock valued at $255,000 after purchasing an additional 89 shares during the period. 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 during the period. 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 during the period. 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 during the period. Finally, 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 during the period. 60.26% of the stock is currently owned by institutional investors.

United Parcel Service Price Performance

Shares of NYSE UPS traded down $1.30 during mid-day trading on Friday, reaching $104.24. 2,961,254 shares of the company were exchanged, compared to its average volume of 5,219,802. United Parcel Service, Inc. has a 52 week low of $90.55 and a 52 week high of $148.15. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.24. The stock has a market capitalization of $88.27 billion, a PE ratio of 15.20, a PEG ratio of 2.01 and a beta of 1.21. The company's 50 day moving average price is $98.83 and its 200 day moving average price is $109.84.

United Parcel Service (NYSE:UPS - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The transportation company reported $1.49 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.38 by $0.11. The company had revenue of $21.50 billion during the quarter, compared to the consensus estimate of $21.25 billion. United Parcel Service had a net margin of 6.44% and a return on equity of 40.15%. The firm's revenue was down .9% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.43 EPS. Sell-side analysts forecast that United Parcel Service, Inc. will post 7.95 earnings per share for the current fiscal year.

United Parcel Service Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 5th. Shareholders of record on Monday, May 19th were paid a $1.64 dividend. This represents a $6.56 annualized dividend and a yield of 6.29%. The ex-dividend date was Monday, May 19th. United Parcel Service's dividend payout ratio is presently 95.63%.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Susquehanna cut their price target on United Parcel Service from $120.00 to $110.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 30th. BNP Paribas raised United Parcel Service to a "hold" rating in a research note on Thursday. Citigroup dropped their price objective on United Parcel Service from $149.00 to $123.00 and set a "buy" rating on the stock in a research note on Tuesday, April 8th. Oppenheimer dropped their price objective on United Parcel Service from $126.00 to $114.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 30th. Finally, Barclays dropped their price objective 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. Two research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $119.29.

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.