Lee Danner & Bass Inc. Buys 3,991 Shares of United Parcel Service, Inc. (NYSE:UPS)

Lee Danner & Bass Inc. raised its holdings in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 6.8% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 62,656 shares of the transportation company's stock after acquiring an additional 3,991 shares during the quarter. Lee Danner & Bass Inc.'s holdings in United Parcel Service were worth $6,892,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the business. Garde Capital Inc. bought a new position in shares of United Parcel Service in the first quarter valued at $37,000. Golden State Wealth Management LLC grew its stake in shares of United Parcel Service by 61.3% in the first 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 grew its stake in shares of United Parcel Service by 5.9% in the first quarter. CWA Asset Management Group LLC now owns 3,467 shares of the transportation company's stock valued at $381,000 after buying an additional 193 shares in the last quarter. Advisor Resource Council bought a new position in shares of United Parcel Service in the first quarter valued at $437,000. Finally, Clark Capital Management Group Inc. grew its stake in shares of United Parcel Service by 14.4% in 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 buying an additional 1,440 shares in the last quarter. 60.26% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts recently weighed in on UPS shares. JPMorgan Chase & Co. decreased their target price on shares of United Parcel Service from $110.00 to $107.00 and set a "neutral" rating for the company in a research note on Tuesday. Loop Capital reduced their price objective 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. BMO Capital Markets reduced their price objective on shares of United Parcel Service from $130.00 to $125.00 and set an "outperform" rating for the company in a research report on Wednesday, April 30th. Wells Fargo & Company reaffirmed an "equal weight" rating and set a $98.00 price objective (down from $120.00) on shares of United Parcel Service in a research report on Tuesday, April 22nd. Finally, Barclays reduced their price objective 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. Two research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average target price of $119.13.

United Parcel Service Price Performance

NYSE UPS traded down $0.04 during trading on Wednesday, hitting $102.34. 4,509,653 shares of the company's stock were exchanged, compared to its average volume of 5,240,136. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.24. The company has a market cap of $86.66 billion, a PE ratio of 14.92, a P/E/G ratio of 1.95 and a beta of 1.21. United Parcel Service, Inc. has a fifty-two week low of $90.55 and a fifty-two week high of $148.15. The stock's 50 day moving average price is $99.02 and its two-hundred day moving average price is $109.43.

United Parcel Service (NYSE:UPS - Get Free Report) last issued its earnings results on Tuesday, April 29th. The transportation company reported $1.49 EPS for the quarter, topping the consensus estimate of $1.38 by $0.11. The firm had revenue of $21.50 billion during the quarter, compared to the consensus estimate of $21.25 billion. United Parcel Service had a return on equity of 40.15% and a net margin of 6.44%. The business's quarterly revenue was down .9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.43 earnings per share. Research analysts expect that United Parcel Service, Inc. will post 7.95 EPS for the current year.

United Parcel Service Dividend Announcement

The company also recently disclosed 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 6.41%. The ex-dividend date of this dividend was Monday, May 19th. United Parcel Service's dividend payout ratio is currently 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.