Jamison Private Wealth Management Inc. Buys 3,174 Shares of United Parcel Service, Inc. (NYSE:UPS)

Jamison Private Wealth Management Inc. grew its stake in United Parcel Service, Inc. (NYSE:UPS - Free Report) by 1.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 183,668 shares of the transportation company's stock after purchasing an additional 3,174 shares during the quarter. United Parcel Service makes up 3.1% of Jamison Private Wealth Management Inc.'s holdings, making the stock its 4th biggest position. Jamison Private Wealth Management Inc.'s holdings in United Parcel Service were worth $20,202,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. grew its position in shares of United Parcel Service by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 65,136,394 shares of the transportation company's stock valued at $8,213,699,000 after purchasing an additional 370,705 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of United Parcel Service by 6.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 23,264,665 shares of the transportation company's stock worth $2,933,674,000 after buying an additional 1,337,058 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of United Parcel Service by 2.7% in the fourth quarter. Geode Capital Management LLC now owns 15,704,334 shares of the transportation company's stock worth $1,979,695,000 after buying an additional 414,710 shares in the last quarter. Franklin Resources Inc. lifted its stake in shares of United Parcel Service by 15.6% in the fourth quarter. Franklin Resources Inc. now owns 10,979,909 shares of the transportation company's stock worth $1,384,567,000 after buying an additional 1,484,452 shares in the last quarter. Finally, FMR LLC lifted its stake in shares of United Parcel Service by 2.5% in the fourth quarter. FMR LLC now owns 10,895,828 shares of the transportation company's stock worth $1,373,964,000 after buying an additional 268,278 shares in the last quarter. Institutional investors and hedge funds own 60.26% of the company's stock.

United Parcel Service Trading Up 0.2%

Shares of UPS stock opened at $99.36 on Friday. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.09 and a current ratio of 1.09. The stock has a market capitalization of $84.14 billion, a P/E ratio of 14.48, a price-to-earnings-growth ratio of 1.74 and a beta of 1.22. The company has a 50 day moving average price of $97.77 and a 200 day moving average price of $111.65. United Parcel Service, Inc. has a fifty-two week low of $90.55 and a fifty-two week high of $148.15.

United Parcel Service (NYSE:UPS - Get Free Report) last announced its quarterly earnings data 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 firm had revenue of $21.50 billion during the quarter, compared to analysts' expectations of $21.25 billion. United Parcel Service had a net margin of 6.44% and a return on equity of 40.15%. The business's quarterly revenue was down .9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.43 earnings per share. Equities research analysts predict that United Parcel Service, Inc. will post 7.95 EPS for the current fiscal year.

United Parcel Service Announces Dividend

The firm also recently disclosed 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 dividend on an annualized basis and a dividend yield of 6.60%. The ex-dividend date of this dividend was Monday, May 19th. United Parcel Service's dividend payout ratio (DPR) is currently 95.63%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on UPS. Stifel Nicolaus decreased their price target on shares of United Parcel Service from $145.00 to $124.00 and set a "buy" rating on the stock in a research note on Wednesday, April 30th. Barclays decreased their price target on shares of United Parcel Service from $100.00 to $90.00 and set an "underweight" rating on the stock in a research note on Monday, March 31st. Wells Fargo & Company reaffirmed an "equal weight" rating and set a $98.00 target price (down from $120.00) on shares of United Parcel Service in a research note on Tuesday, April 22nd. HSBC downgraded shares of United Parcel Service from a "buy" rating to a "hold" rating and set a $105.00 target price on the stock. in a research note on Thursday, May 1st. Finally, Loop Capital reduced their target price 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 equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $120.26.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.