Capital Investment Advisory Services LLC Buys 13,691 Shares of United Parcel Service, Inc. (NYSE:UPS)

Capital Investment Advisory Services LLC increased its holdings in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 68.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 33,696 shares of the transportation company's stock after acquiring an additional 13,691 shares during the quarter. Capital Investment Advisory Services LLC's holdings in United Parcel Service were worth $3,706,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. IMG Wealth Management Inc. acquired a new stake in United Parcel Service during the fourth quarter worth about $25,000. Generali Investments Management Co LLC acquired a new stake in shares of United Parcel Service in the fourth quarter valued at approximately $26,000. Pinney & Scofield Inc. acquired a new stake in shares of United Parcel Service in the fourth quarter valued at approximately $27,000. Fourth Dimension Wealth LLC bought a new position in United Parcel Service during the 4th quarter valued at $28,000. Finally, Runnymede Capital Advisors Inc. bought a new stake in shares of United Parcel Service in the 4th quarter worth $30,000. Institutional investors and hedge funds own 60.26% of the company's stock.

United Parcel Service Stock Down 1.2%

Shares of United Parcel Service stock traded down $1.30 during midday trading on Friday, hitting $104.24. The company's stock had a trading volume of 2,961,254 shares, compared to its average volume of 5,227,763. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.24. United Parcel Service, Inc. has a 1-year low of $90.55 and a 1-year high of $148.15. The stock has a 50-day simple moving average of $98.83 and a 200-day simple moving average of $109.84. The firm has a market capitalization of $88.27 billion, a P/E ratio of 15.20, a PEG ratio of 2.01 and a beta of 1.21.

United Parcel Service (NYSE:UPS - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The transportation company reported $1.49 earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $21.25 billion. During the same period last year, the company earned $1.43 earnings per share. United Parcel Service's quarterly revenue was down .9% compared to the same quarter last year. As a group, sell-side analysts expect 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. Investors of record on Monday, May 19th were issued a dividend of $1.64 per share. The ex-dividend date was Monday, May 19th. This represents a $6.56 annualized dividend and a dividend yield of 6.29%. United Parcel Service's dividend payout ratio is 95.63%.

Analyst Upgrades and Downgrades

UPS has been the topic of a number of research analyst reports. Galvan Research lowered their target price on United Parcel Service from $147.00 to $133.00 and set a "buy" rating on the stock in a report on Wednesday, April 9th. Susquehanna reduced their price objective on shares of United Parcel Service from $120.00 to $110.00 and set a "neutral" rating for the company in a research report on Wednesday, April 30th. HSBC downgraded shares of United Parcel Service from a "buy" rating to a "hold" rating and set a $105.00 target price on the stock. in a report on Thursday, May 1st. Bank of America increased their target price on shares of United Parcel Service from $111.00 to $115.00 and gave the company a "buy" rating in a research note on Friday, May 16th. Finally, Deutsche Bank Aktiengesellschaft started coverage on shares of United Parcel Service in a report on Friday, March 7th. They set a "hold" rating and a $119.00 target price for the company. Two investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, United Parcel Service has an average rating of "Hold" and a consensus price target of $119.29.

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.