Gilman Hill Asset Management LLC Raises Holdings in United Parcel Service, Inc. (NYSE:UPS)

Gilman Hill Asset Management LLC lifted its position in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 47.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 79,591 shares of the transportation company's stock after purchasing an additional 25,733 shares during the period. United Parcel Service comprises 1.5% of Gilman Hill Asset Management LLC's portfolio, making the stock its 17th largest position. Gilman Hill Asset Management LLC's holdings in United Parcel Service were worth $8,754,000 at the end of the most recent reporting period.

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

United Parcel Service Stock Up 1.4%

Shares of United Parcel Service stock traded up $1.37 on Friday, reaching $98.24. The stock had a trading volume of 3,041,147 shares, compared to its average volume of 5,145,787. The company has a quick ratio of 1.14, a current ratio of 1.17 and a debt-to-equity ratio of 1.16. 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 1.23. The company has a 50 day moving average price of $97.54 and a 200 day moving average price of $114.23. United Parcel Service, Inc. has a 1 year low of $90.55 and a 1 year high of $148.15.

United Parcel Service (NYSE:UPS - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The transportation company reported $1.49 EPS for the quarter, topping analysts' consensus estimates of $1.38 by $0.11. The business had revenue of $21.50 billion for 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 business's revenue was down .9% on a year-over-year basis. During the same quarter last year, the company earned $1.43 EPS. As a group, equities research analysts forecast that United Parcel Service, Inc. will post 7.95 EPS for the current year.

United Parcel Service Dividend Announcement

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 dividend of $1.64 per share. This represents a $6.56 dividend on an annualized basis and a dividend yield of 6.68%. The ex-dividend date of this dividend was Monday, May 19th. United Parcel Service's dividend payout ratio is presently 95.63%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. Hsbc Global Res cut shares of United Parcel Service from a "strong-buy" rating to a "hold" rating in a research note on Thursday, May 1st. Bank of America upped their price objective on United Parcel Service from $111.00 to $115.00 and gave the company a "buy" rating in a report on Friday, May 16th. Barclays cut their price objective on shares of United Parcel Service from $100.00 to $90.00 and set an "underweight" rating on the stock in a research report on Monday, March 31st. JPMorgan Chase & Co. lowered their target price on United Parcel Service from $120.00 to $115.00 and set a "neutral" rating on the stock in a research report on Monday, April 7th. Finally, Galvan Research reduced their price objective on shares of United Parcel Service from $147.00 to $133.00 and set a "buy" rating for the company in a research report on Wednesday, April 9th. Two investment analysts have rated the stock with a sell rating, thirteen have given a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $120.26.

United Parcel Service 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.