Jaffetilchin Investment Partners LLC Boosts Position in United Parcel Service, Inc. (NYSE:UPS)

Jaffetilchin Investment Partners LLC raised its holdings in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 231.4% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 10,859 shares of the transportation company's stock after buying an additional 7,582 shares during the period. Jaffetilchin Investment Partners LLC's holdings in United Parcel Service were worth $1,194,000 at the end of the most recent quarter.

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

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Citigroup dropped their price target on shares of United Parcel Service from $149.00 to $123.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of United Parcel Service in a research report on Friday, March 7th. They issued a "hold" rating and a $119.00 price target for the company. Loop Capital dropped their target price on shares of United Parcel Service from $115.00 to $105.00 and set a "hold" rating for the company in a research report on Wednesday, April 30th. Barclays dropped their target price on shares of United Parcel Service from $100.00 to $90.00 and set an "underweight" rating for the company in a research report on Monday, March 31st. Finally, UBS Group dropped their target price on shares of United Parcel Service from $141.00 to $127.00 and set a "buy" rating for the company in a research report on Thursday, April 3rd. Two analysts have rated the stock with a sell rating, thirteen have given a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $120.26.

United Parcel Service Trading Up 0.6%

Shares of UPS traded up $0.62 during midday trading on Friday, hitting $101.22. The stock had a trading volume of 5,867,283 shares, compared to its average volume of 5,194,276. 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 cap of $85.71 billion, a PE ratio of 14.76, a price-to-earnings-growth ratio of 1.77 and a beta of 1.22. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.09 and a quick ratio of 1.09. The stock's 50 day moving average is $98.18 and its 200 day moving average is $110.69.

United Parcel Service (NYSE:UPS - Get Free Report) last announced its earnings results on Tuesday, April 29th. The transportation company reported $1.49 earnings per share for the quarter, beating the consensus estimate of $1.38 by $0.11. United Parcel Service had a net margin of 6.44% and a return on equity of 40.15%. The business had revenue of $21.50 billion for the quarter, compared to the consensus estimate of $21.25 billion. During the same quarter in the prior year, the firm posted $1.43 earnings per share. The business's revenue for the quarter was down .9% on a year-over-year basis. As a group, 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 announced a quarterly dividend, which was paid on Thursday, June 5th. Stockholders of record on Monday, May 19th were paid a $1.64 dividend. This represents a $6.56 annualized dividend and a dividend yield of 6.48%. The ex-dividend date of this dividend was Monday, May 19th. United Parcel Service's dividend payout ratio is currently 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.