CFC Planning Co LLC Grows Stake in United Parcel Service, Inc. (NYSE:UPS)

CFC Planning Co LLC lifted its holdings in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 26.4% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,769 shares of the transportation company's stock after purchasing an additional 3,295 shares during the period. United Parcel Service accounts for about 1.9% of CFC Planning Co LLC's portfolio, making the stock its 21st biggest position. CFC Planning Co LLC's holdings in United Parcel Service were worth $1,734,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in UPS. IMG Wealth Management Inc. acquired a new position in United Parcel Service in the fourth quarter valued at approximately $25,000. Generali Investments Management Co LLC bought a new stake in shares of United Parcel Service in the 4th quarter valued at $26,000. Pinney & Scofield Inc. acquired a new position in shares of United Parcel Service during the 4th quarter valued at $27,000. Citizens National Bank Trust Department lifted its position in shares of United Parcel Service by 525.0% during the 1st 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 during the period. Finally, Fourth Dimension Wealth LLC bought a new position in United Parcel Service during the fourth quarter worth $28,000. Institutional investors and hedge funds own 60.26% of the company's stock.

United Parcel Service Stock Down 1.6%

NYSE:UPS traded down $1.63 on Friday, hitting $101.29. The 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 1 year low of $90.55 and a 1 year high of $148.15. The firm's fifty day simple moving average is $99.32 and its two-hundred day simple moving average is $109.23. 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 stock has a market cap of $85.77 billion, a P/E ratio of 14.77, a price-to-earnings-growth ratio of 1.98 and a beta of 1.21.

United Parcel Service (NYSE:UPS - Get Free Report) last issued its quarterly 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 return on equity of 40.15% and a net margin of 6.44%. The company had revenue of $21.50 billion during the quarter, compared to the consensus estimate of $21.25 billion. During the same period last year, the business posted $1.43 earnings per share. United Parcel Service's revenue was down .9% on a year-over-year basis. Analysts predict that United Parcel Service, Inc. will post 7.95 earnings per share for the current year.

United Parcel Service Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 5th. Stockholders of record on Monday, May 19th were paid a dividend of $1.64 per share. This represents a $6.56 dividend on an annualized basis and a dividend yield of 6.48%. The ex-dividend date was Monday, May 19th. United Parcel Service's payout ratio is 95.63%.

Analysts Set New Price Targets

Several equities research analysts have weighed in on UPS shares. Wolfe Research decreased their price target on shares of United Parcel Service from $133.00 to $113.00 and set an "outperform" rating for the company in a research note on Wednesday, April 9th. Barclays reduced their target price on United Parcel Service from $100.00 to $90.00 and set an "underweight" rating for the company in a research note on Monday, March 31st. Wall Street Zen lowered United Parcel Service from a "buy" rating to a "hold" rating in a research report on Wednesday, May 7th. Hsbc Global Res lowered United Parcel Service from a "strong-buy" rating to a "hold" rating in a report on Thursday, May 1st. Finally, Oppenheimer reduced their price objective on 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. Two analysts have rated the stock with a sell rating, fifteen have given a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $119.13.

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.