Cetera Investment Advisers Raises Position in United Parcel Service, Inc. (NYSE:UPS)

Key Points

• Cetera Investment Advisers increased its holdings in United Parcel Service, Inc. by 25.4%, acquiring an additional 70,691 shares, bringing its total to 349,372 shares worth approximately $38.43 million.
• United Parcel Service reported $1.49 earnings per share for the quarter, surpassing analyst estimates of $1.38, while total revenues reached $21.50 billion.
• The company declared a quarterly dividend of $1.64, resulting in an annualized dividend of $6.56 and a dividend yield of 6.33%.

Cetera Investment Advisers lifted its holdings in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 25.4% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 349,372 shares of the transportation company's stock after purchasing an additional 70,691 shares during the period. Cetera Investment Advisers' holdings in United Parcel Service were worth $38,427,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of UPS. Graybill Wealth Management LTD. acquired a new position in shares of United Parcel Service during the first quarter worth $26,000. Pinney & Scofield Inc. acquired a new position in shares of United Parcel Service during the fourth quarter worth $27,000. Citizens National Bank Trust Department lifted its holdings in shares of United Parcel Service by 525.0% during the first quarter. Citizens National Bank Trust Department now owns 250 shares of the transportation company's stock worth $27,000 after purchasing an additional 210 shares during the period. Fourth Dimension Wealth LLC acquired a new position in shares of United Parcel Service during the fourth quarter worth $28,000. Finally, Marshall & Sterling Wealth Advisors Inc. bought a new position in United Parcel Service during the fourth quarter worth $31,000. Institutional investors and hedge funds own 60.26% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on UPS. JPMorgan Chase & Co. lowered their target price on shares of United Parcel Service from $110.00 to $107.00 and set a "neutral" rating for the company in a research note on Tuesday, July 8th. Wolfe Research lowered their target price on shares of United Parcel Service from $113.00 to $112.00 and set an "outperform" rating for the company in a research note on Tuesday, July 1st. Susquehanna decreased their price target on shares of United Parcel Service from $120.00 to $110.00 and set a "neutral" rating for the company in a research note on Wednesday, April 30th. Daiwa America decreased their price target on shares of United Parcel Service from $120.00 to $103.00 in a research note on Wednesday, April 30th. Finally, 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. Two investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, twelve have issued a buy rating and one has issued 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 a consensus price target of $116.32.

United Parcel Service Price Performance

NYSE UPS traded down $2.18 on Monday, hitting $101.38. The stock had a trading volume of 7,032,856 shares, compared to its average volume of 5,920,613. United Parcel Service, Inc. has a 52-week low of $90.55 and a 52-week high of $145.01. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.09 and a current ratio of 1.09. The company has a market capitalization of $85.85 billion, a price-to-earnings ratio of 14.78, a price-to-earnings-growth ratio of 1.99 and a beta of 1.21. The firm has a 50-day moving average of $100.01 and a 200-day moving average of $107.09.

United Parcel Service (NYSE:UPS - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The transportation company reported $1.49 earnings per share for the quarter, beating the consensus estimate of $1.38 by $0.11. The firm had revenue of $21.50 billion for the quarter, compared to analysts' expectations of $21.25 billion. United Parcel Service had a net margin of 6.44% and a return on equity of 40.15%. The business's quarterly revenue was down .9% on a year-over-year basis. During the same quarter last year, the company posted $1.43 EPS. Equities analysts expect that United Parcel Service, Inc. will post 7.95 EPS for the current year.

United Parcel Service Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 5th. Investors of record on Monday, May 19th were given a $1.64 dividend. This represents a $6.56 dividend on an annualized basis and a yield of 6.47%. The ex-dividend date was Monday, May 19th. United Parcel Service's 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.