Hourglass Capital LLC Acquires 3,390 Shares of United Parcel Service, Inc. (NYSE:UPS)

Hourglass Capital LLC lifted its holdings in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 11.1% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,955 shares of the transportation company's stock after purchasing an additional 3,390 shares during the period. Hourglass Capital LLC's holdings in United Parcel Service were worth $3,735,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in UPS. Garde Capital Inc. purchased a new stake in shares of United Parcel Service in the first quarter worth $37,000. Golden State Wealth Management LLC increased its position in United Parcel Service by 61.3% during the 1st quarter. Golden State Wealth Management LLC now owns 1,576 shares of the transportation company's stock valued at $173,000 after buying an additional 599 shares in the last quarter. CWA Asset Management Group LLC boosted its stake in shares of United Parcel Service by 5.9% in the 1st quarter. CWA Asset Management Group LLC now owns 3,467 shares of the transportation company's stock worth $381,000 after buying an additional 193 shares during the last quarter. Advisor Resource Council purchased a new position in shares of United Parcel Service in the 1st quarter worth $437,000. Finally, Clark Capital Management Group Inc. lifted its position in United Parcel Service by 14.4% during the fourth quarter. Clark Capital Management Group Inc. now owns 11,427 shares of the transportation company's stock valued at $1,441,000 after purchasing an additional 1,440 shares in the last quarter. 60.26% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

UPS has been the subject of several recent analyst reports. BNP Paribas upgraded United Parcel Service to a "hold" rating in a research report on Thursday, July 3rd. UBS Group lowered their target price on shares of United Parcel Service from $128.00 to $124.00 and set a "buy" rating on the stock in a research note on Wednesday, July 2nd. Bank of America raised their price target on shares of United Parcel Service from $111.00 to $115.00 and gave the company a "buy" rating in a research note on Friday, May 16th. JPMorgan Chase & Co. cut their price target on shares of United Parcel Service from $110.00 to $107.00 and set a "neutral" rating for the company in a report on Tuesday. Finally, Raymond James Financial dropped their target price on shares of United Parcel Service from $145.00 to $130.00 and set a "strong-buy" rating for the company in a report on Wednesday, April 9th. Two analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $118.96.

United Parcel Service Trading Up 1.5%

NYSE UPS traded up $1.53 during trading hours on Tuesday, hitting $102.38. The company's stock had a trading volume of 6,510,769 shares, compared to its average volume of 5,233,162. The stock has a fifty day moving average of $98.91 and a 200 day moving average of $109.48. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.24. The firm has a market capitalization of $86.70 billion, a P/E ratio of 14.92, a PEG ratio of 2.01 and a beta of 1.21. 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 released its earnings results on Tuesday, April 29th. The transportation company reported $1.49 earnings per share for the quarter, beating analysts' consensus estimates of $1.38 by $0.11. The business had revenue of $21.50 billion during the quarter, compared to the consensus estimate of $21.25 billion. United Parcel Service had a net margin of 6.44% and a return on equity of 40.15%. The firm's revenue for the quarter was down .9% compared to the same quarter last year. During the same quarter last year, the firm earned $1.43 earnings per share. Equities research analysts forecast that United Parcel Service, Inc. will post 7.95 earnings per share for the current fiscal year.

United Parcel Service Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, June 5th. Stockholders of record on Monday, May 19th were paid a dividend of $1.64 per share. This represents a $6.56 dividend on an annualized basis and a dividend yield of 6.41%. The ex-dividend date of this dividend was Monday, May 19th. United Parcel Service's dividend payout ratio is presently 95.63%.

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.