Godsey & Gibb Inc. Has $17.17 Million Stake in United Parcel Service, Inc. (NYSE:UPS)

Godsey & Gibb Inc. raised its position in United Parcel Service, Inc. (NYSE:UPS - Free Report) by 9.7% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 156,136 shares of the transportation company's stock after buying an additional 13,749 shares during the quarter. Godsey & Gibb Inc.'s holdings in United Parcel Service were worth $17,173,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in UPS. LaFleur & Godfrey LLC grew its stake in shares of United Parcel Service by 62.8% in the fourth quarter. LaFleur & Godfrey LLC now owns 6,225 shares of the transportation company's stock valued at $785,000 after acquiring an additional 2,401 shares in the last quarter. Brighton Jones LLC grew its position in shares of United Parcel Service by 63.8% during the 4th quarter. Brighton Jones LLC now owns 12,126 shares of the transportation company's stock worth $1,529,000 after purchasing an additional 4,723 shares in the last quarter. Robertson Stephens Wealth Management LLC grew its position in shares of United Parcel Service by 9.7% during the 4th quarter. Robertson Stephens Wealth Management LLC now owns 5,409 shares of the transportation company's stock worth $682,000 after purchasing an additional 478 shares in the last quarter. Financial Advocates Investment Management grew its position in United Parcel Service by 16.9% during the fourth quarter. Financial Advocates Investment Management now owns 9,631 shares of the transportation company's stock worth $1,214,000 after buying an additional 1,389 shares in the last quarter. Finally, GHP Investment Advisors Inc. grew its position in United Parcel Service by 4.1% during the fourth quarter. GHP Investment Advisors Inc. now owns 18,461 shares of the transportation company's stock worth $2,328,000 after buying an additional 724 shares in the last quarter. 60.26% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on UPS shares. Raymond James reduced their price target on United Parcel Service from $145.00 to $130.00 and set a "strong-buy" rating on the stock in a research report on Wednesday, April 9th. BMO Capital Markets reduced their target price on United Parcel Service from $130.00 to $125.00 and set an "outperform" rating on the stock in a report on Wednesday, April 30th. Wolfe Research reduced their price objective on shares of United Parcel Service from $133.00 to $113.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 9th. Galvan Research reduced their price objective on shares of United Parcel Service from $147.00 to $133.00 and set a "buy" rating on the stock in a research note on Wednesday, April 9th. Finally, Loop Capital reduced their price objective on shares of United Parcel Service from $115.00 to $105.00 and set a "hold" rating on the stock in a research note on Wednesday, April 30th. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $120.26.

United Parcel Service Trading Up 1.4%

Shares of NYSE:UPS traded up $1.37 during mid-day trading on Friday, reaching $98.24. 3,041,147 shares of the company's stock were exchanged, compared to its average volume of 5,162,779. The firm has a market capitalization of $83.19 billion, a price-to-earnings ratio of 14.53, a PEG ratio of 1.55 and a beta of 1.22. The business's fifty day moving average price is $97.32 and its 200-day moving average price is $113.86. 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, Inc. has a twelve month low of $90.55 and a twelve month high of $148.15.

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

United Parcel Service Dividend Announcement

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