Edgestream Partners L.P. Increases Stake in United Parcel Service, Inc. (NYSE:UPS)

Edgestream Partners L.P. grew its stake in United Parcel Service, Inc. (NYSE:UPS - Free Report) by 44.6% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 38,506 shares of the transportation company's stock after buying an additional 11,880 shares during the quarter. Edgestream Partners L.P.'s holdings in United Parcel Service were worth $4,235,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the stock. Garde Capital Inc. purchased a new position in shares of United Parcel Service during the 1st quarter valued at approximately $37,000. Golden State Wealth Management LLC grew its position in United Parcel Service by 61.3% during the first quarter. Golden State Wealth Management LLC now owns 1,576 shares of the transportation company's stock valued at $173,000 after buying an additional 599 shares during the period. CWA Asset Management Group LLC increased its holdings in United Parcel Service by 5.9% in the first quarter. CWA Asset Management Group LLC now owns 3,467 shares of the transportation company's stock valued at $381,000 after buying an additional 193 shares in the last quarter. Advisor Resource Council acquired a new position in shares of United Parcel Service in the first quarter worth about $437,000. Finally, Clark Capital Management Group Inc. boosted its stake in shares of United Parcel Service by 14.4% during the 4th quarter. Clark Capital Management Group Inc. now owns 11,427 shares of the transportation company's stock worth $1,441,000 after acquiring an additional 1,440 shares in the last quarter. Hedge funds and other institutional investors own 60.26% of the company's stock.

United Parcel Service Stock Performance

Shares of NYSE UPS traded down $0.23 during trading hours on Thursday, reaching $99.40. The stock had a trading volume of 2,605,170 shares, compared to its average volume of 5,245,614. The firm has a market cap of $84.17 billion, a price-to-earnings ratio of 14.49, a PEG ratio of 1.91 and a beta of 1.21. United Parcel Service, Inc. has a fifty-two week low of $90.55 and a fifty-two week high of $148.15. The firm has a 50-day moving average of $99.74 and a 200-day moving average of $108.51. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.24.

United Parcel Service (NYSE:UPS - Get Free Report) last announced its earnings results 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 for the quarter, compared to analyst estimates of $21.25 billion. During the same period last year, the firm posted $1.43 earnings per share. The company's revenue for the quarter was down .9% compared to the same quarter last year. 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 disclosed a quarterly dividend, which was paid on Thursday, June 5th. Shareholders of record on Monday, May 19th were given a dividend of $1.64 per share. The ex-dividend date of this dividend was Monday, May 19th. This represents a $6.56 dividend on an annualized basis and a yield of 6.60%. United Parcel Service's payout ratio is 95.63%.

Wall Street Analysts Forecast Growth

UPS has been the subject of several research analyst reports. Citigroup upped their target price on United Parcel Service from $122.00 to $127.00 and gave the stock a "buy" rating in a research note on Wednesday, July 9th. Bank of America lifted their target price on shares of United Parcel Service from $111.00 to $115.00 and gave the company a "buy" rating in a research report on Friday, May 16th. BMO Capital Markets cut their target price on shares of United Parcel Service from $130.00 to $125.00 and set an "outperform" rating for the company in a research note on Wednesday, April 30th. BNP Paribas Exane raised shares of United Parcel Service from an "underperform" rating to a "neutral" rating and set a $100.00 price target on the stock in a research note on Thursday, July 3rd. Finally, Wolfe Research cut their price objective on United Parcel Service from $133.00 to $113.00 and set an "outperform" rating for the company in a research note on Wednesday, April 9th. Two research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, United Parcel Service presently has an average 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.