Good Life Advisors LLC Purchases 16,826 Shares of United Parcel Service, Inc. (NYSE:UPS)

Good Life Advisors LLC lifted its position in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 71.6% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 40,321 shares of the transportation company's stock after acquiring an additional 16,826 shares during the quarter. Good Life Advisors LLC's holdings in United Parcel Service were worth $4,435,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in UPS. Brighton Jones LLC lifted its holdings in United Parcel Service by 10.3% during the 1st quarter. Brighton Jones LLC now owns 13,376 shares of the transportation company's stock worth $1,471,000 after purchasing an additional 1,250 shares in the last quarter. Exchange Traded Concepts LLC lifted its holdings in United Parcel Service by 27,291.4% during the 1st quarter. Exchange Traded Concepts LLC now owns 217,488 shares of the transportation company's stock worth $23,922,000 after purchasing an additional 216,694 shares in the last quarter. Sound Income Strategies LLC lifted its holdings in United Parcel Service by 17.5% during the 1st quarter. Sound Income Strategies LLC now owns 124,300 shares of the transportation company's stock worth $13,672,000 after purchasing an additional 18,483 shares in the last quarter. CogentBlue Wealth Advisors LLC lifted its holdings in United Parcel Service by 12.6% during the 1st quarter. CogentBlue Wealth Advisors LLC now owns 2,909 shares of the transportation company's stock worth $320,000 after purchasing an additional 326 shares in the last quarter. Finally, Ritholtz Wealth Management lifted its holdings in United Parcel Service by 95.1% during the 1st quarter. Ritholtz Wealth Management now owns 4,531 shares of the transportation company's stock worth $498,000 after purchasing an additional 2,209 shares in the last quarter. Institutional investors own 60.26% of the company's stock.

United Parcel Service Trading Up 1.1%

Shares of UPS traded up $1.07 during mid-day trading on Monday, hitting $101.07. 4,288,322 shares of the company's stock traded hands, compared to its average volume of 5,178,006. The company has a quick ratio of 1.14, a current ratio of 1.17 and a debt-to-equity ratio of 1.16. United Parcel Service, Inc. has a 1 year low of $90.55 and a 1 year high of $148.15. The firm has a market capitalization of $85.59 billion, a P/E ratio of 14.95, a PEG ratio of 1.55 and a beta of 1.22. The business's 50-day moving average price is $97.49 and its 200-day moving average price is $112.52.

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

United Parcel Service Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, June 5th. Investors of record on Monday, May 19th were given a dividend of $1.64 per share. The ex-dividend date of this dividend was Monday, May 19th. This represents a $6.56 annualized dividend and a dividend yield of 6.49%. United Parcel Service's dividend payout ratio is presently 95.63%.

Analysts Set New Price Targets

Several analysts have weighed in on the company. Bank of America raised their price target on United Parcel Service from $111.00 to $115.00 and gave the company a "buy" rating in a report on Friday, May 16th. Wall Street Zen cut United Parcel Service from a "buy" rating to a "hold" rating in a report on Wednesday, May 7th. Galvan Research decreased their price objective on United Parcel Service from $147.00 to $133.00 and set a "buy" rating on the stock in a report on Wednesday, April 9th. UBS Group decreased their price objective on United Parcel Service from $141.00 to $127.00 and set a "buy" rating on the stock in a report on Thursday, April 3rd. Finally, Raymond James decreased their price objective on United Parcel Service from $145.00 to $130.00 and set a "strong-buy" rating on the stock in a report on Wednesday, April 9th. Two research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $120.26.

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.