Cerity Partners LLC Increases Holdings in United Parcel Service, Inc. (NYSE:UPS)

Cerity Partners LLC raised its position in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 1.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 423,935 shares of the transportation company's stock after buying an additional 5,177 shares during the period. Cerity Partners LLC's holdings in United Parcel Service were worth $46,629,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. IMG Wealth Management Inc. acquired a new stake in shares of United Parcel Service in the fourth quarter valued at $25,000. Generali Investments Management Co LLC acquired a new stake in shares of United Parcel Service in the fourth quarter valued at $26,000. Pinney & Scofield Inc. acquired a new stake in shares of United Parcel Service in the fourth quarter valued at $27,000. Citizens National Bank Trust Department raised its stake in shares of United Parcel Service by 525.0% in the first quarter. Citizens National Bank Trust Department now owns 250 shares of the transportation company's stock valued at $27,000 after acquiring an additional 210 shares in the last quarter. Finally, Fourth Dimension Wealth LLC acquired a new stake in shares of United Parcel Service in the fourth quarter valued at $28,000. 60.26% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the company. Loop Capital reduced their price objective on 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. HSBC cut United Parcel Service from a "buy" rating to a "hold" rating and set a $105.00 price target on the stock. in a research note on Thursday, May 1st. 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 note on Tuesday, April 22nd. Hsbc Global Res cut United Parcel Service from a "strong-buy" rating to a "hold" rating in a research note on Thursday, May 1st. Finally, Wolfe Research cut their price target on 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. Two equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, United Parcel Service currently has an average rating of "Hold" and a consensus target price of $119.13.

United Parcel Service Stock Performance

UPS traded down $1.63 during trading on Friday, reaching $101.29. The company's stock had a trading volume of 4,337,400 shares, compared to its average volume of 5,255,610. United Parcel Service, Inc. has a 52-week low of $90.55 and a 52-week high of $148.15. The company's fifty day moving average price is $99.42 and its 200-day moving average price is $109.05. The company has a market capitalization of $85.77 billion, a price-to-earnings ratio of 14.77, a price-to-earnings-growth ratio of 1.98 and a beta of 1.21. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.09 and a current ratio of 1.09.

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 for the quarter, beating analysts' consensus estimates 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 company had revenue of $21.50 billion for the quarter, compared to analyst estimates of $21.25 billion. During the same quarter in the previous year, the company earned $1.43 EPS. The firm's revenue for the quarter was down .9% compared to the same quarter last year. On average, equities 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 disclosed a quarterly dividend, which was paid on Thursday, June 5th. Shareholders of record on Monday, May 19th were issued a $1.64 dividend. This represents a $6.56 dividend on an annualized basis and a yield of 6.48%. The ex-dividend date of this dividend was Monday, May 19th. United Parcel Service's dividend payout ratio is presently 95.63%.

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.