United Parcel Service, Inc. (NYSE:UPS) Shares Purchased by Cox Capital Mgt LLC

Cox Capital Mgt LLC lifted its stake in United Parcel Service, Inc. (NYSE:UPS - Free Report) by 22.8% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 18,782 shares of the transportation company's stock after buying an additional 3,492 shares during the quarter. United Parcel Service makes up 1.5% of Cox Capital Mgt LLC's holdings, making the stock its 28th largest position. Cox Capital Mgt LLC's holdings in United Parcel Service were worth $2,066,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. IMG Wealth Management Inc. purchased a new stake in shares of United Parcel Service in the fourth quarter worth about $25,000. Generali Investments Management Co LLC purchased a new stake in shares of United Parcel Service in the fourth quarter worth about $26,000. Pinney & Scofield Inc. purchased a new stake in shares of United Parcel Service in the fourth quarter worth about $27,000. Fourth Dimension Wealth LLC purchased a new position in United Parcel Service during the fourth quarter worth approximately $28,000. Finally, Runnymede Capital Advisors Inc. purchased a new position in United Parcel Service during the fourth quarter worth approximately $30,000. Hedge funds and other institutional investors own 60.26% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on UPS. Galvan Research lowered their price target on United Parcel Service from $147.00 to $133.00 and set a "buy" rating on the stock in a research report on Wednesday, April 9th. HSBC cut United Parcel Service from a "buy" rating to a "hold" rating and set a $105.00 target price for the company. in a report on Thursday, May 1st. Oppenheimer cut their price target on United Parcel Service from $126.00 to $114.00 and set an "outperform" rating for the company in a report on Wednesday, April 30th. Wall Street Zen cut United Parcel Service from a "buy" rating to a "hold" rating in a report on Wednesday, May 7th. Finally, Bank of America increased their price target on United Parcel Service from $111.00 to $115.00 and gave the company a "buy" rating in a report on Friday, May 16th. Two research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $120.26.

United Parcel Service Trading Down 1.0%

Shares of NYSE UPS traded down $1.00 during trading on Thursday, reaching $97.55. The stock had a trading volume of 1,807,219 shares, compared to its average volume of 5,135,459. United Parcel Service, Inc. has a fifty-two week low of $90.55 and a fifty-two week high of $148.15. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.14 and a current ratio of 1.17. The business's 50-day moving average price is $97.81 and its 200-day moving average price is $114.49. The company has a market cap of $82.61 billion, a P/E ratio of 14.43, a PEG ratio of 1.55 and a beta of 1.23.

United Parcel Service (NYSE:UPS - Get Free Report) last issued 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 39.13% and a net margin of 6.35%. The business had revenue of $21.50 billion during the quarter, compared to analysts' expectations of $21.25 billion. During the same period in the previous year, the firm posted $1.43 earnings per share. The company's revenue was down .9% on a year-over-year basis. On average, equities research analysts predict that United Parcel Service, Inc. will post 7.95 EPS for the current fiscal year.

United Parcel Service Dividend Announcement

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 paid a $1.64 dividend. The ex-dividend date is Monday, May 19th. This represents a $6.56 dividend on an annualized basis and a dividend yield of 6.72%. United Parcel Service's payout ratio is presently 95.63%.

United Parcel Service 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.