Cwm LLC Purchases 19,369 Shares of United Parcel Service, Inc. (NYSE:UPS)

CWM LLC grew its holdings in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 25.0% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 96,926 shares of the transportation company's stock after purchasing an additional 19,369 shares during the period. CWM LLC's holdings in United Parcel Service were worth $10,661,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in UPS. Vanguard Group Inc. raised its position in shares of United Parcel Service by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 65,136,394 shares of the transportation company's stock worth $8,213,699,000 after buying an additional 370,705 shares during the period. Geode Capital Management LLC raised its holdings in United Parcel Service by 2.7% during the fourth quarter. Geode Capital Management LLC now owns 15,704,334 shares of the transportation company's stock worth $1,979,695,000 after purchasing an additional 414,710 shares in the last quarter. Franklin Resources Inc. raised its holdings in United Parcel Service by 15.6% during the fourth quarter. Franklin Resources Inc. now owns 10,979,909 shares of the transportation company's stock worth $1,384,567,000 after purchasing an additional 1,484,452 shares in the last quarter. FMR LLC increased its holdings in shares of United Parcel Service by 2.5% in the fourth quarter. FMR LLC now owns 10,895,828 shares of the transportation company's stock valued at $1,373,964,000 after buying an additional 268,278 shares in the last quarter. Finally, Norges Bank bought a new position in shares of United Parcel Service in the fourth quarter valued at $1,075,393,000. Institutional investors and hedge funds own 60.26% of the company's stock.

United Parcel Service Price Performance

Shares of NYSE:UPS traded down $0.51 during midday trading on Wednesday, hitting $99.02. The stock had a trading volume of 1,621,125 shares, compared to its average volume of 5,238,080. The company's 50-day moving average price is $99.62 and its 200-day moving average price is $108.57. The company has a market capitalization of $83.85 billion, a P/E ratio of 14.43, a price-to-earnings-growth ratio of 1.92 and a beta of 1.21. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.24. United Parcel Service, Inc. has a fifty-two week low of $90.55 and a fifty-two week high of $148.15.

United Parcel Service (NYSE:UPS - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The transportation company reported $1.49 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.38 by $0.11. United Parcel Service had a net margin of 6.44% and a return on equity of 40.15%. 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 prior year, the company earned $1.43 EPS. The firm's quarterly revenue was down .9% compared to the same quarter last year. As a group, equities research analysts predict that United Parcel Service, Inc. will post 7.95 EPS 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 paid a $1.64 dividend. This represents a $6.56 dividend on an annualized basis and a dividend yield of 6.63%. The ex-dividend date of this dividend was Monday, May 19th. United Parcel Service's dividend payout ratio is currently 95.63%.

Analysts Set New Price Targets

Several equities analysts have weighed in on the stock. Bank of America lifted their price objective on shares of United Parcel Service from $111.00 to $115.00 and gave the stock a "buy" rating in a research report on Friday, May 16th. UBS Group lowered their price target on shares of United Parcel Service from $128.00 to $124.00 and set a "buy" rating on the stock in a report on Wednesday, July 2nd. Galvan Research cut their target price on shares of United Parcel Service from $147.00 to $133.00 and set a "buy" rating for the company in a research report on Wednesday, April 9th. JPMorgan Chase & Co. cut 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 report on Tuesday, July 8th. Finally, Oppenheimer cut their price objective on shares of United Parcel Service from $126.00 to $114.00 and set an "outperform" rating for the company in a research report on Wednesday, April 30th. Two analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $119.13.

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.