Cambridge Investment Research Advisors Inc. Increases Position in United Parcel Service, Inc. (NYSE:UPS)

Cambridge Investment Research Advisors Inc. increased its holdings in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 12.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 166,943 shares of the transportation company's stock after acquiring an additional 18,692 shares during the period. Cambridge Investment Research Advisors Inc.'s holdings in United Parcel Service were worth $18,362,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. IMG Wealth Management Inc. bought a new stake in United Parcel Service during the fourth quarter worth about $25,000. Generali Investments Management Co LLC bought a new position in shares of United Parcel Service in the fourth quarter worth approximately $26,000. Pinney & Scofield Inc. bought a new position in shares of United Parcel Service in the fourth quarter worth approximately $27,000. Fourth Dimension Wealth LLC bought a new position in shares of United Parcel Service in the fourth quarter worth approximately $28,000. Finally, Runnymede Capital Advisors Inc. bought a new position in shares of United Parcel Service in the fourth quarter worth approximately $30,000. Institutional investors own 60.26% of the company's stock.

United Parcel Service Stock Performance

UPS stock traded down $1.12 during midday trading on Wednesday, reaching $99.50. 6,056,318 shares of the company's stock traded hands, compared to its average volume of 5,193,497. United Parcel Service, Inc. has a 52-week low of $90.55 and a 52-week high of $148.15. The stock has a market cap of $84.26 billion, a P/E ratio of 14.50, a PEG ratio of 1.77 and a beta of 1.22. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.24. The stock's 50-day moving average is $98.00 and its 200 day moving average is $111.09.

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

United Parcel Service Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 5th. Shareholders of record on Monday, May 19th were issued a dividend of $1.64 per share. The ex-dividend date of this dividend was Monday, May 19th. This represents a $6.56 dividend on an annualized basis and a yield of 6.59%. United Parcel Service's dividend payout ratio is currently 95.63%.

Analyst Upgrades and Downgrades

UPS has been the topic of several analyst reports. Wall Street Zen downgraded shares of United Parcel Service from a "buy" rating to a "hold" rating in a research note on Wednesday, May 7th. Wolfe Research dropped their target price on shares of United Parcel Service from $133.00 to $113.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 9th. Truist Financial dropped their target price on shares of United Parcel Service from $140.00 to $130.00 and set a "buy" rating on the stock in a research note on Thursday, April 24th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of United Parcel Service in a research note on Friday, March 7th. They issued a "hold" rating and a $119.00 target price on the stock. Finally, Loop Capital dropped their target price on shares of United Parcel Service from $115.00 to $105.00 and set a "hold" rating on the stock in a research note on Wednesday, April 30th. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, United Parcel Service has an average rating of "Hold" and an average price target 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.