Denali Advisors LLC Takes $594,000 Position in United Parcel Service, Inc. (NYSE:UPS)

Denali Advisors LLC bought a new position in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 5,400 shares of the transportation company's stock, valued at approximately $594,000.

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

United Parcel Service Stock Down 0.3%

Shares of United Parcel Service stock traded down $0.29 during trading on Friday, hitting $99.21. The company's stock had a trading volume of 4,569,313 shares, compared to its average volume of 5,273,696. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.09 and a current ratio of 1.09. The company has a fifty day simple moving average of $99.85 and a two-hundred day simple moving average of $108.02. The company has a market capitalization of $84.01 billion, a PE ratio of 14.46, a P/E/G ratio of 1.91 and a beta of 1.21. United Parcel Service, Inc. has a 52 week low of $90.55 and a 52 week high of $146.17.

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 for the quarter, beating analysts' consensus estimates of $1.38 by $0.11. The business had revenue of $21.50 billion during the quarter, compared to analyst estimates 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 was down .9% compared to the same quarter last year. During the same period last year, the business earned $1.43 EPS. Equities research analysts predict that United Parcel Service, Inc. will post 7.95 earnings per share for the current year.

United Parcel Service Announces Dividend

The business also recently declared 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 6.61%. The ex-dividend date of this dividend was Monday, May 19th. United Parcel Service's payout ratio is presently 95.63%.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on UPS. BNP Paribas raised shares of United Parcel Service to a "hold" rating in a research report on Thursday, July 3rd. Wells Fargo & Company reissued an "equal weight" rating and issued a $98.00 price target (down previously from $120.00) on shares of United Parcel Service in a report on Tuesday, April 22nd. Barclays decreased their price target on shares of United Parcel Service from $100.00 to $90.00 and set an "underweight" rating on the stock in a report on Monday, March 31st. Stifel Nicolaus cut their price objective on shares of United Parcel Service from $145.00 to $124.00 and set a "buy" rating for the company in a research note on Wednesday, April 30th. Finally, JPMorgan Chase & Co. cut their price objective on shares of United Parcel Service from $110.00 to $107.00 and set a "neutral" rating for the company in a research note on Tuesday, July 8th. Two analysts have rated the stock with a sell rating, fifteen have assigned 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, the stock currently has a consensus rating of "Hold" and a consensus target price of $119.13.

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.