Cohen Investment Advisors LLC Has $2.38 Million Stake in United Parcel Service, Inc. (NYSE:UPS)

Cohen Investment Advisors LLC grew its stake in United Parcel Service, Inc. (NYSE:UPS - Free Report) by 13.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 21,616 shares of the transportation company's stock after acquiring an additional 2,625 shares during the period. Cohen Investment Advisors LLC's holdings in United Parcel Service were worth $2,378,000 as of its most recent filing with the Securities and Exchange Commission.

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

United Parcel Service Stock Down 1.2%

Shares of UPS traded down $1.30 during mid-day trading on Friday, hitting $104.24. 2,961,254 shares of the company's stock were exchanged, compared to its average volume of 5,219,802. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.09 and a quick ratio of 1.09. United Parcel Service, Inc. has a 52 week low of $90.55 and a 52 week high of $148.15. The company has a market cap of $88.27 billion, a PE ratio of 15.20, a P/E/G ratio of 2.01 and a beta of 1.21. The company has a 50-day simple moving average of $98.83 and a 200 day simple moving average of $109.84.

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

United Parcel Service Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 5th. Stockholders of record on Monday, May 19th were issued a dividend of $1.64 per share. This represents a $6.56 dividend on an annualized basis and a dividend yield of 6.29%. The ex-dividend date was Monday, May 19th. United Parcel Service's dividend payout ratio is presently 95.63%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on UPS shares. Hsbc Global Res downgraded shares of United Parcel Service from a "strong-buy" rating to a "hold" rating in a research report on Thursday, May 1st. Oppenheimer cut their price objective on shares of United Parcel Service from $126.00 to $114.00 and set an "outperform" rating on the stock in a report on Wednesday, April 30th. Barclays lowered their target price on shares of United Parcel Service from $100.00 to $90.00 and set an "underweight" rating for the company in a report on Monday, March 31st. BMO Capital Markets cut their price target on United Parcel Service from $130.00 to $125.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 30th. Finally, Raymond James Financial decreased their price objective on United Parcel Service from $145.00 to $130.00 and set a "strong-buy" rating for the company in a research note on Wednesday, April 9th. Two research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $119.29.

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.