Littlejohn Financial Services Inc. Purchases New Shares in United Parcel Service, Inc. (NYSE:UPS)

Littlejohn Financial Services Inc. acquired a new position in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 10,022 shares of the transportation company's stock, valued at approximately $1,102,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in UPS. Quent Capital LLC increased its stake in shares of United Parcel Service by 16.7% in the 4th quarter. Quent Capital LLC now owns 558 shares of the transportation company's stock valued at $70,000 after acquiring an additional 80 shares during the last quarter. Altus Wealth Group LLC raised its holdings in United Parcel Service by 4.6% in the fourth quarter. Altus Wealth Group LLC now owns 2,022 shares of the transportation company's stock worth $255,000 after purchasing an additional 89 shares during the period. Alliance Wealth Advisors LLC boosted its position in shares of United Parcel Service by 3.8% during the fourth quarter. Alliance Wealth Advisors LLC now owns 2,559 shares of the transportation company's stock worth $323,000 after purchasing an additional 94 shares in the last quarter. Morningstar Investment Management LLC grew its holdings in shares of United Parcel Service by 1.9% in the 4th quarter. Morningstar Investment Management LLC now owns 5,052 shares of the transportation company's stock valued at $637,000 after buying an additional 95 shares during the period. Finally, Colonial Trust Co SC increased its position in shares of United Parcel Service by 1.4% in the 4th quarter. Colonial Trust Co SC now owns 7,227 shares of the transportation company's stock valued at $911,000 after buying an additional 98 shares in the last quarter. Institutional investors own 60.26% of the company's stock.

Analyst Ratings Changes

Several brokerages recently issued reports on UPS. Oppenheimer decreased their price objective on United Parcel Service from $126.00 to $114.00 and set an "outperform" rating for the company in a research report on Wednesday, April 30th. Barclays lowered their target price on United Parcel Service from $100.00 to $90.00 and set an "underweight" rating for the company in a report on Monday, March 31st. Stifel Nicolaus dropped their price target on 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. Loop Capital reduced their price objective on 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. Finally, Bank of America increased their price objective on United Parcel Service from $111.00 to $115.00 and gave the stock a "buy" rating in a report on Friday, May 16th. 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 given a strong buy rating to the company's stock. According to data from MarketBeat, United Parcel Service has a consensus rating of "Hold" and a consensus target price of $120.26.

United Parcel Service Stock Performance

NYSE:UPS traded up $1.37 during mid-day trading on Friday, hitting $98.24. The stock had a trading volume of 3,041,147 shares, compared to its average volume of 5,154,966. United Parcel Service, Inc. has a twelve month low of $90.55 and a twelve month high of $148.15. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.14 and a current ratio of 1.17. The stock has a market cap of $83.19 billion, a price-to-earnings ratio of 14.53, a PEG ratio of 1.55 and a beta of 1.22. The company's 50 day simple moving average is $97.32 and its 200 day simple moving average is $113.99.

United Parcel Service (NYSE:UPS - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The transportation company reported $1.49 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.38 by $0.11. The company had revenue of $21.50 billion during the quarter, compared to analysts' expectations of $21.25 billion. United Parcel Service had a return on equity of 39.13% and a net margin of 6.35%. The business's revenue was down .9% on a year-over-year basis. During the same period last year, the firm posted $1.43 earnings per share. On average, equities research analysts forecast that United Parcel Service, Inc. will post 7.95 earnings per share for the current year.

United Parcel Service Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 5th. Stockholders of record on Monday, May 19th were given a $1.64 dividend. This represents a $6.56 annualized dividend and a dividend yield of 6.68%. The ex-dividend date of this dividend was Monday, May 19th. United Parcel Service's payout ratio is presently 95.63%.

United Parcel Service Company 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.