Gateway Investment Advisers LLC Raises Holdings in United Parcel Service, Inc. (NYSE:UPS)

Gateway Investment Advisers LLC raised its stake in United Parcel Service, Inc. (NYSE:UPS - Free Report) by 3.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 212,442 shares of the transportation company's stock after purchasing an additional 6,727 shares during the period. Gateway Investment Advisers LLC's holdings in United Parcel Service were worth $23,366,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Analysts Set New Price Targets

UPS has been the subject of a number of recent analyst reports. Bank of America lifted their price target on United Parcel Service from $111.00 to $115.00 and gave the stock a "buy" rating in a report on Friday, May 16th. Citigroup lowered their price target on United Parcel Service from $149.00 to $123.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. JPMorgan Chase & Co. cut their price objective on shares of United Parcel Service from $120.00 to $115.00 and set a "neutral" rating on the stock in a report on Monday, April 7th. Barclays reduced their price objective on shares of United Parcel Service from $100.00 to $90.00 and set an "underweight" rating for the company in a research report on Monday, March 31st. Finally, Wall Street Zen lowered shares of United Parcel Service from a "buy" rating to a "hold" rating in a research note on Wednesday, May 7th. Two analysts have rated the stock with a sell rating, thirteen have given a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $120.26.

United Parcel Service Stock Performance

Shares of UPS opened at $98.24 on Friday. United Parcel Service, Inc. has a 1 year low of $90.55 and a 1 year high of $148.15. The stock has a market capitalization of $83.19 billion, a P/E ratio of 14.53, a P/E/G ratio of 1.55 and a beta of 1.22. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.14 and a current ratio of 1.17. The company's fifty day moving average is $97.32 and its two-hundred day moving average is $113.99.

United Parcel Service (NYSE:UPS - Get Free Report) last posted its quarterly earnings results 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 firm had revenue of $21.50 billion during the quarter, compared to analysts' expectations of $21.25 billion. United Parcel Service had a net margin of 6.35% and a return on equity of 39.13%. The firm's revenue for the quarter was down .9% on a year-over-year basis. During the same period in the prior year, the company posted $1.43 earnings per share. On average, sell-side analysts predict that United Parcel Service, Inc. will post 7.95 earnings per share for the current year.

United Parcel Service Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 5th. Stockholders of record on Monday, May 19th were issued a $1.64 dividend. The ex-dividend date of this dividend was Monday, May 19th. This represents a $6.56 annualized dividend and a dividend yield of 6.68%. United Parcel Service's dividend payout ratio is currently 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.

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