Grimes & Company Inc. Purchases 22,409 Shares of United Parcel Service, Inc. (NYSE:UPS)

Grimes & Company Inc. grew its position in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 17.4% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 150,842 shares of the transportation company's stock after buying an additional 22,409 shares during the quarter. Grimes & Company Inc.'s holdings in United Parcel Service were worth $16,591,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC raised its holdings in United Parcel Service by 27.2% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 131,623 shares of the transportation company's stock worth $16,304,000 after purchasing an additional 28,108 shares during the period. Clark Capital Management Group Inc. raised its holdings in United Parcel Service by 14.4% in the 4th quarter. Clark Capital Management Group Inc. now owns 11,427 shares of the transportation company's stock worth $1,441,000 after purchasing an additional 1,440 shares during the period. LaFleur & Godfrey LLC raised its holdings in United Parcel Service by 62.8% in the 4th quarter. LaFleur & Godfrey LLC now owns 6,225 shares of the transportation company's stock worth $785,000 after purchasing an additional 2,401 shares during the period. Argyle Capital Management LLC raised its holdings in United Parcel Service by 11.4% in the 4th quarter. Argyle Capital Management LLC now owns 26,428 shares of the transportation company's stock worth $3,333,000 after purchasing an additional 2,695 shares during the period. Finally, Brighton Jones LLC raised its holdings in United Parcel Service by 63.8% in 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 during the period. 60.26% of the stock is owned by institutional investors.

United Parcel Service Trading Up 1.1%

UPS opened at $101.07 on Tuesday. The stock has a 50-day moving average of $97.68 and a 200 day moving average of $112.27. The company has a current ratio of 1.17, a quick ratio of 1.14 and a debt-to-equity ratio of 1.16. United Parcel Service, Inc. has a 12 month low of $90.55 and a 12 month high of $148.15. The firm has a market cap of $85.59 billion, a P/E ratio of 14.95, a P/E/G ratio of 1.55 and a beta of 1.22.

United Parcel Service (NYSE:UPS - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The transportation company reported $1.49 earnings per share for the quarter, topping 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 company 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 posted $1.43 earnings per share. The firm's revenue for the quarter was down .9% on a year-over-year basis. As a group, research analysts forecast that United Parcel Service, Inc. will post 7.95 EPS for the current year.

United Parcel Service Announces Dividend

The business 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 annualized dividend and a yield of 6.49%. United Parcel Service's payout ratio is currently 95.63%.

Wall Street Analyst Weigh In

A number of brokerages recently commented on UPS. Raymond James decreased their target price 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. Galvan Research cut their price target on United Parcel Service from $147.00 to $133.00 and set a "buy" rating for the company in a research note on Wednesday, April 9th. Susquehanna decreased their price target on United Parcel Service from $120.00 to $110.00 and set a "neutral" rating on the stock in a report on Wednesday, April 30th. HSBC cut United Parcel Service from a "buy" rating to a "hold" rating and set a $105.00 price target on the stock. in a report on Thursday, May 1st. Finally, Barclays decreased their price target on United Parcel Service from $100.00 to $90.00 and set an "underweight" rating on the stock in a report on Monday, March 31st. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, United Parcel Service presently has an average rating of "Hold" and a consensus target price of $120.26.

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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