Founders Capital Management LLC Raises Holdings in United Parcel Service, Inc. (NYSE:UPS)

Founders Capital Management LLC grew its stake in United Parcel Service, Inc. (NYSE:UPS - Free Report) by 8.3% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 102,826 shares of the transportation company's stock after purchasing an additional 7,847 shares during the period. United Parcel Service comprises approximately 2.1% of Founders Capital Management LLC's investment portfolio, making the stock its 15th largest holding. Founders Capital Management LLC's holdings in United Parcel Service were worth $11,310,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. IMG Wealth Management Inc. purchased a new position in United Parcel Service in the fourth quarter valued at $25,000. Generali Investments Management Co LLC purchased a new position in shares of United Parcel Service in the 4th quarter valued at about $26,000. Pinney & Scofield Inc. purchased a new position in United Parcel Service during the fourth quarter worth approximately $27,000. Fourth Dimension Wealth LLC purchased a new position in United Parcel Service during the fourth quarter worth approximately $28,000. Finally, Runnymede Capital Advisors Inc. purchased a new stake in shares of United Parcel Service in the fourth quarter valued at approximately $30,000. Institutional investors and hedge funds own 60.26% of the company's stock.

United Parcel Service Stock Performance

Shares of UPS stock traded down $0.58 during mid-day trading on Thursday, hitting $100.58. 1,228,045 shares of the stock were exchanged, compared to its average volume of 6,154,964. The stock has a market capitalization of $85.17 billion, a price-to-earnings ratio of 14.88, a P/E/G ratio of 1.55 and a beta of 1.22. United Parcel Service, Inc. has a 12-month low of $90.55 and a 12-month high of $148.15. The stock's fifty day simple moving average is $97.22 and its two-hundred day simple moving average is $113.33. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.14 and a current ratio of 1.17.

United Parcel Service (NYSE:UPS - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The transportation company reported $1.49 earnings per share for the quarter, topping analysts' consensus estimates of $1.38 by $0.11. United Parcel Service had a net margin of 6.35% and a return on equity of 39.13%. The firm had revenue of $21.50 billion during the quarter, compared to analysts' expectations of $21.25 billion. During the same quarter in the prior year, the business earned $1.43 EPS. United Parcel Service's quarterly revenue was down .9% compared to the same quarter last year. On average, analysts forecast that United Parcel Service, Inc. will post 7.95 EPS for the current year.

United Parcel Service Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, June 5th. Shareholders of record on Monday, May 19th were paid a $1.64 dividend. The ex-dividend date was Monday, May 19th. This represents a $6.56 annualized dividend and a dividend yield of 6.52%. United Parcel Service's dividend payout ratio (DPR) is currently 95.63%.

Wall Street Analysts Forecast Growth

UPS has been the subject of a number of research analyst reports. Wall Street Zen cut shares of United Parcel Service from a "buy" rating to a "hold" rating in a research report on Wednesday, May 7th. JPMorgan Chase & Co. decreased their price target on shares of United Parcel Service from $120.00 to $115.00 and set a "neutral" rating on the stock in a research note on Monday, April 7th. Galvan Research cut their price objective on United Parcel Service from $147.00 to $133.00 and set a "buy" rating for the company in a research note on Wednesday, April 9th. Bank of America raised their target price on United Parcel Service from $111.00 to $115.00 and gave the company a "buy" rating in a research report on Friday, May 16th. Finally, HSBC downgraded United Parcel Service from a "buy" rating to a "hold" rating and set a $105.00 price objective for the company. in a research note on Thursday, May 1st. Two investment analysts have rated the stock with a sell rating, thirteen 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 a consensus rating of "Hold" and an average price target of $120.26.

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.