Generali Investments CEE investicni spolecnost a.s. Boosts Holdings in United Parcel Service, Inc. (NYSE:UPS)

Generali Investments CEE investicni spolecnost a.s. grew its stake in United Parcel Service, Inc. (NYSE:UPS - Free Report) by 37.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,000 shares of the transportation company's stock after buying an additional 4,400 shares during the period. Generali Investments CEE investicni spolecnost a.s.'s holdings in United Parcel Service were worth $1,760,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. IMG Wealth Management Inc. purchased a new stake in shares of United Parcel Service in the 4th quarter valued at $25,000. Generali Investments Management Co LLC purchased a new stake in shares of United Parcel Service in the 4th quarter valued at $26,000. Pinney & Scofield Inc. purchased a new stake in shares of United Parcel Service in the 4th quarter valued at $27,000. Citizens National Bank Trust Department boosted its stake in shares of United Parcel Service by 525.0% in the 1st quarter. Citizens National Bank Trust Department now owns 250 shares of the transportation company's stock valued at $27,000 after purchasing an additional 210 shares in the last quarter. Finally, Fourth Dimension Wealth LLC purchased a new stake in shares of United Parcel Service in the 4th quarter valued at $28,000. Hedge funds and other institutional investors own 60.26% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on UPS shares. Wolfe Research cut their price objective on shares of 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. Citigroup dropped their price target on shares of United Parcel Service from $149.00 to $123.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. Raymond James Financial dropped their price target on shares of United Parcel Service from $145.00 to $130.00 and set a "strong-buy" rating for the company in a research report on Wednesday, April 9th. Wells Fargo & Company reissued an "equal weight" rating and set a $98.00 price target (down previously from $120.00) on shares of United Parcel Service in a research report on Tuesday, April 22nd. Finally, Barclays dropped their price target 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. Two equities 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 company's stock. Based on data from MarketBeat, United Parcel Service presently has an average rating of "Hold" and an average price target of $119.29.

United Parcel Service Stock Down 1.2%

Shares of United Parcel Service stock traded down $1.30 during trading on Friday, hitting $104.24. The company's stock had a trading volume of 2,961,254 shares, compared to its average volume of 5,227,763. 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 $98.83 and a two-hundred day simple moving average of $109.75. The company has a market capitalization of $88.27 billion, a PE ratio of 15.20, a P/E/G ratio of 2.01 and a beta of 1.21. 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 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 company 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 quarterly 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 company also recently disclosed a quarterly dividend, which was paid on Thursday, June 5th. Shareholders of record on Monday, May 19th were paid 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 6.29%. United Parcel Service's dividend payout ratio is currently 95.63%.

United Parcel Service Company Profile

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.