Live Oak Private Wealth LLC Buys 13,789 Shares of United Parcel Service, Inc. (NYSE:UPS)

Live Oak Private Wealth LLC boosted its holdings in United Parcel Service, Inc. (NYSE:UPS - Free Report) by 26.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 66,041 shares of the transportation company's stock after buying an additional 13,789 shares during the period. Live Oak Private Wealth LLC's holdings in United Parcel Service were worth $7,264,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Ridgecrest Wealth Partners LLC acquired a new stake in United Parcel Service during the first quarter worth about $218,000. Cambridge Investment Research Advisors Inc. lifted its position in shares of United Parcel Service by 12.6% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 166,943 shares of the transportation company's stock worth $18,362,000 after acquiring an additional 18,692 shares during the period. Kennedy Investment Group grew its holdings in shares of United Parcel Service by 5.6% during the 1st quarter. Kennedy Investment Group now owns 3,278 shares of the transportation company's stock worth $361,000 after purchasing an additional 173 shares in the last quarter. Wolff Wiese Magana LLC increased its position in shares of United Parcel Service by 3,254.4% during the first quarter. Wolff Wiese Magana LLC now owns 12,277 shares of the transportation company's stock valued at $1,350,000 after purchasing an additional 11,911 shares during the period. Finally, Buck Wealth Strategies LLC increased its position in shares of United Parcel Service by 87.5% during the first quarter. Buck Wealth Strategies LLC now owns 10,034 shares of the transportation company's stock valued at $1,104,000 after purchasing an additional 4,682 shares during the period. 60.26% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts recently commented on UPS shares. Wolfe Research reduced their target price on United Parcel Service from $133.00 to $113.00 and set an "outperform" rating for the company in a research report on Wednesday, April 9th. BMO Capital Markets dropped 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 note on Wednesday, April 30th. Susquehanna decreased their target price on shares of United Parcel Service from $120.00 to $110.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 30th. Bank of America upped their target price 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. Finally, Hsbc Global Res cut shares of United Parcel Service from a "strong-buy" rating to a "hold" rating in a research note on Thursday, May 1st. Two equities research 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 MarketBeat, United Parcel Service currently has an average rating of "Hold" and an average target price of $120.26.

United Parcel Service Price Performance

Shares of UPS stock traded up $0.26 during trading hours on Tuesday, reaching $100.66. 3,675,220 shares of the company were exchanged, compared to its average volume of 5,188,838. 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 company has a market cap of $85.24 billion, a price-to-earnings ratio of 14.67, a P/E/G ratio of 1.76 and a beta of 1.22. The stock's fifty day moving average is $97.89 and its two-hundred day moving average is $111.17. 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 EPS for the quarter, beating analysts' consensus estimates of $1.38 by $0.11. The firm had revenue of $21.50 billion for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period last year, the company earned $1.43 EPS. Sell-side 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 firm also recently declared a quarterly dividend, which was paid on Thursday, June 5th. Investors 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 6.52%. The ex-dividend date was Monday, May 19th. United Parcel Service's dividend payout ratio (DPR) is 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.