10,620 Shares in United Parcel Service, Inc. (NYSE:UPS) Acquired by Cascade Investment Advisors Inc.

Cascade Investment Advisors Inc. bought a new position in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 10,620 shares of the transportation company's stock, valued at approximately $1,168,000.

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

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on UPS. Barclays reduced their price objective on United Parcel Service from $100.00 to $90.00 and set an "underweight" rating for the company in a research report on Monday, March 31st. Oppenheimer cut their target price on shares of United Parcel Service from $126.00 to $114.00 and set an "outperform" rating for the company in a research note on Wednesday, April 30th. Wells Fargo & Company restated an "equal weight" rating and issued a $98.00 price target (down from $120.00) on shares of United Parcel Service in a research report on Tuesday, April 22nd. JPMorgan Chase & Co. cut their target price on United Parcel Service from $120.00 to $115.00 and set a "neutral" rating for the company in a research note on Monday, April 7th. Finally, Wall Street Zen cut United Parcel Service from a "buy" rating to a "hold" rating in a research report on Wednesday, May 7th. Two analysts have rated the stock with a sell rating, thirteen have given a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $120.26.

United Parcel Service Price Performance

NYSE:UPS traded up $0.67 during trading hours on Tuesday, reaching $98.03. 4,096,957 shares of the company were exchanged, compared to its average volume of 5,138,418. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.17 and a quick ratio of 1.14. The company has a market capitalization of $83.01 billion, a P/E ratio of 14.50, a P/E/G ratio of 1.55 and a beta of 1.23. The business has a 50 day moving average of $98.29 and a 200 day moving average of $114.72. United Parcel Service, Inc. has a 1-year low of $90.55 and a 1-year high of $148.15.

United Parcel Service (NYSE:UPS - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The transportation company reported $1.49 earnings per share for the quarter, topping the consensus estimate of $1.38 by $0.11. United Parcel Service had a return on equity of 39.13% and a net margin of 6.35%. The company had revenue of $21.50 billion for the quarter, compared to analysts' expectations of $21.25 billion. During the same period in the previous year, the business posted $1.43 earnings per share. The business's quarterly revenue was down .9% compared to the same quarter last year. Research analysts forecast that United Parcel Service, Inc. will post 7.95 EPS for the current year.

United Parcel Service Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 5th. Stockholders of record on Monday, May 19th will be issued a dividend of $1.64 per share. The ex-dividend date is Monday, May 19th. This represents a $6.56 annualized dividend and a dividend yield of 6.69%. United Parcel Service's dividend payout ratio is 95.63%.

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.