DAVENPORT & Co LLC Acquires 73,053 Shares of United Parcel Service, Inc. (NYSE:UPS)

DAVENPORT & Co LLC lifted its holdings in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 8.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 963,562 shares of the transportation company's stock after buying an additional 73,053 shares during the quarter. DAVENPORT & Co LLC owned about 0.11% of United Parcel Service worth $105,918,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in shares of United Parcel Service by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 65,136,394 shares of the transportation company's stock worth $8,213,699,000 after acquiring an additional 370,705 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in United Parcel Service by 6.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 23,264,665 shares of the transportation company's stock worth $2,933,674,000 after purchasing an additional 1,337,058 shares in the last quarter. Geode Capital Management LLC boosted its stake in United Parcel Service by 2.7% in the 4th 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 during the period. Franklin Resources Inc. boosted its stake in United Parcel Service by 15.6% in the 4th 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 during the period. Finally, FMR LLC grew its holdings in United Parcel Service by 2.5% during the 4th 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. 60.26% of the stock is owned by institutional investors.

United Parcel Service Trading Down 1.2%

NYSE UPS traded down $1.30 during trading on Friday, hitting $104.24. 2,961,254 shares of the company's stock traded hands, compared to its average volume of 5,219,802. The stock has a fifty day moving average of $98.70 and a two-hundred day moving average of $110.00. United Parcel Service, Inc. has a 12-month low of $90.55 and a 12-month high of $148.15. The firm has a market cap of $88.27 billion, a P/E ratio of 15.20, a PEG ratio of 1.86 and a beta of 1.21. 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 (NYSE:UPS - Get Free Report) last issued its earnings results 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 company had revenue of $21.50 billion during the quarter, compared to analysts' expectations 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% compared to the same quarter last year. During the same period in the prior year, the business posted $1.43 EPS. As a group, sell-side analysts expect that United Parcel Service, Inc. will post 7.95 EPS for the current year.

United Parcel Service Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Galvan Research cut their price objective 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. Stifel Nicolaus cut their price target on shares of United Parcel Service from $145.00 to $124.00 and set a "buy" rating for the company in a report on Wednesday, April 30th. UBS Group reduced their price target on shares of United Parcel Service from $128.00 to $124.00 and set a "buy" rating for the company in a research report on Wednesday. Wolfe Research decreased their price target on shares of United Parcel Service from $133.00 to $113.00 and set an "outperform" rating on the stock in a report on Wednesday, April 9th. Finally, Citigroup dropped their price objective on United Parcel Service from $149.00 to $123.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. Two investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, United Parcel Service has a consensus rating of "Hold" and an average target price of $119.29.

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.