DDD Partners LLC Invests $20.47 Million in United Parcel Service, Inc. (NYSE:UPS)

DDD Partners LLC acquired a new stake in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 186,069 shares of the transportation company's stock, valued at approximately $20,466,000. United Parcel Service comprises approximately 2.5% of DDD Partners LLC's portfolio, making the stock its 16th largest holding.

A number of other large investors have also made changes to their positions in the stock. Colonial Trust Co SC boosted its position in United Parcel Service by 1.4% during the 4th quarter. Colonial Trust Co SC now owns 7,227 shares of the transportation company's stock worth $911,000 after acquiring an additional 98 shares during the period. Juncture Wealth Strategies LLC boosted its position in shares of United Parcel Service by 2.5% in the 1st quarter. Juncture Wealth Strategies LLC now owns 4,124 shares of the transportation company's stock valued at $454,000 after purchasing an additional 101 shares during the period. TCV Trust & Wealth Management Inc. raised its position in United Parcel Service by 1.4% during the first quarter. TCV Trust & Wealth Management Inc. now owns 7,544 shares of the transportation company's stock valued at $830,000 after buying an additional 103 shares during the period. Cohen & Steers Inc. raised its position in United Parcel Service by 5.3% during the fourth quarter. Cohen & Steers Inc. now owns 2,054 shares of the transportation company's stock valued at $259,000 after buying an additional 104 shares during the period. Finally, Diligent Investors LLC increased its position in United Parcel Service by 1.7% in the 4th quarter. Diligent Investors LLC now owns 6,722 shares of the transportation company's stock worth $848,000 after purchasing an additional 111 shares during the last quarter. Institutional investors and hedge funds own 60.26% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on UPS shares. Bank of America increased their target price on United Parcel Service from $111.00 to $115.00 and gave the company a "buy" rating in a research note on Friday, May 16th. Wells Fargo & Company restated an "equal weight" rating and issued a $98.00 price target (down from $120.00) on shares of United Parcel Service in a research report on Tuesday, April 22nd. HSBC lowered United Parcel Service from a "buy" rating to a "hold" rating and set a $105.00 target price on the stock. in a report on Thursday, May 1st. UBS Group reduced their target price on United Parcel Service from $128.00 to $124.00 and set a "buy" rating on the stock in a report on Wednesday, July 2nd. Finally, Loop Capital dropped their price target on United Parcel Service from $115.00 to $105.00 and set a "hold" rating on the stock in a research note on Wednesday, April 30th. Two investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $119.13.

United Parcel Service Price Performance

NYSE UPS traded down $0.62 during trading hours on Friday, hitting $98.89. 1,275,656 shares of the company's stock traded hands, compared to its average volume of 5,245,001. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.09 and a quick ratio of 1.09. The company has a market capitalization of $83.74 billion, a PE ratio of 14.43, a PEG ratio of 1.92 and a beta of 1.21. The firm's 50-day moving average is $99.79 and its 200-day moving average is $108.33. United Parcel Service, Inc. has a 52-week low of $90.55 and a 52-week high of $148.15.

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 (EPS) for the quarter, topping the consensus estimate of $1.38 by $0.11. The company had revenue of $21.50 billion for the quarter, compared to the consensus estimate of $21.25 billion. United Parcel Service had a net margin of 6.44% and a return on equity of 40.15%. United Parcel Service's revenue for the quarter was down .9% on a year-over-year basis. During the same period last year, the firm posted $1.43 EPS. Equities analysts forecast that United Parcel Service, Inc. will post 7.95 EPS for the current fiscal year.

United Parcel Service Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, June 5th. Investors of record on Monday, May 19th were given a $1.64 dividend. The ex-dividend date was Monday, May 19th. This represents a $6.56 dividend on an annualized basis and a yield of 6.63%. United Parcel Service's dividend payout ratio is presently 95.63%.

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.