Butensky & Cohen Financial Security Inc. Raises Holdings in United Parcel Service, Inc. (NYSE:UPS)

Butensky & Cohen Financial Security Inc. boosted its position in United Parcel Service, Inc. (NYSE:UPS - Free Report) by 10.4% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 33,567 shares of the transportation company's stock after buying an additional 3,175 shares during the period. Butensky & Cohen Financial Security Inc.'s holdings in United Parcel Service were worth $3,692,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of UPS. IMG Wealth Management Inc. purchased a new stake in United Parcel Service in the fourth quarter valued at approximately $25,000. Generali Investments Management Co LLC purchased a new stake in United Parcel Service in the fourth quarter valued at approximately $26,000. Pinney & Scofield Inc. purchased a new stake in United Parcel Service in the fourth quarter valued at approximately $27,000. Fourth Dimension Wealth LLC purchased a new stake in United Parcel Service in the fourth quarter valued at approximately $28,000. Finally, Runnymede Capital Advisors Inc. purchased a new stake in United Parcel Service in the fourth quarter valued at approximately $30,000. Hedge funds and other institutional investors own 60.26% of the company's stock.

United Parcel Service Stock Up 1.4%

Shares of UPS opened at $98.24 on Friday. United Parcel Service, Inc. has a 52-week low of $90.55 and a 52-week high of $148.15. The company has a market capitalization of $83.19 billion, a PE ratio of 14.53, a price-to-earnings-growth ratio of 1.55 and a beta of 1.22. The stock has a fifty day simple moving average of $97.32 and a two-hundred day simple moving average of $113.99. 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 issued its earnings results 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 business had revenue of $21.50 billion during the quarter, compared to the consensus estimate of $21.25 billion. United Parcel Service had a return on equity of 39.13% and a net margin of 6.35%. The company's revenue for the quarter was down .9% on a year-over-year basis. During the same period last year, the company earned $1.43 EPS. As a group, equities analysts forecast that United Parcel Service, Inc. will post 7.95 EPS for the current year.

United Parcel Service Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 5th. Investors of record on Monday, May 19th were given a dividend of $1.64 per share. This represents a $6.56 dividend on an annualized basis and a dividend yield of 6.68%. The ex-dividend date was Monday, May 19th. United Parcel Service's payout ratio is 95.63%.

Wall Street Analyst Weigh In

A number of brokerages recently commented on UPS. Citigroup dropped their target price on United Parcel Service from $149.00 to $123.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. Raymond James lowered their price objective on United Parcel Service from $145.00 to $130.00 and set a "strong-buy" rating on the stock in a research report on Wednesday, April 9th. Oppenheimer lowered their price objective on United Parcel Service from $126.00 to $114.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 30th. Loop Capital lowered their price objective 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. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on United Parcel Service in a research report on Friday, March 7th. They issued a "hold" rating and a $119.00 price objective on the stock. Two research analysts have rated the stock with a sell rating, thirteen have given a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average price target of $120.26.

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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