Long Run Wealth Advisors LLC Acquires New Holdings in United Parcel Service, Inc. (NYSE:UPS)

Long Run Wealth Advisors LLC purchased a new position in United Parcel Service, Inc. (NYSE:UPS - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 12,280 shares of the transportation company's stock, valued at approximately $1,351,000.

A number of other institutional investors have also recently made changes to their positions in UPS. IMG Wealth Management Inc. purchased a new stake in shares of United Parcel Service during the 4th quarter valued at approximately $25,000. Generali Investments Management Co LLC acquired a new stake in United Parcel Service in the 4th quarter valued at approximately $26,000. Pinney & Scofield Inc. acquired a new stake in United Parcel Service in the 4th quarter valued at approximately $27,000. Fourth Dimension Wealth LLC purchased a new stake in United Parcel Service in the fourth quarter valued at approximately $28,000. Finally, Runnymede Capital Advisors Inc. acquired a new position in United Parcel Service during the fourth quarter worth $30,000. 60.26% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

UPS has been the topic of several research analyst reports. Barclays cut their price objective on United Parcel Service from $100.00 to $90.00 and set an "underweight" rating on the stock in a report on Monday, March 31st. Wells Fargo & Company reissued an "equal weight" rating and set a $98.00 price target (down previously from $120.00) on shares of United Parcel Service in a research report on Tuesday, April 22nd. Raymond James dropped their price objective on shares of United Parcel Service from $145.00 to $130.00 and set a "strong-buy" rating for the company in a report on Wednesday, April 9th. Stifel Nicolaus cut their target price 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. Finally, JPMorgan Chase & Co. decreased their price target on shares of United Parcel Service from $120.00 to $115.00 and set a "neutral" rating for the company in a research report on Monday, April 7th. Two research analysts have rated the stock with a sell rating, thirteen have assigned 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 a consensus price target of $120.26.

United Parcel Service Stock Performance

Shares of United Parcel Service stock traded down $1.79 during trading hours on Thursday, hitting $96.76. 4,583,549 shares of the company were exchanged, compared to its average volume of 5,146,048. The company has a current ratio of 1.17, a quick ratio of 1.14 and a debt-to-equity ratio of 1.16. The business has a 50-day moving average of $97.81 and a 200-day moving average of $114.49. United Parcel Service, Inc. has a 1 year low of $90.55 and a 1 year high of $148.15. The stock has a market capitalization of $81.93 billion, a price-to-earnings ratio of 14.31, a P/E/G ratio of 1.55 and a beta of 1.23.

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, topping analysts' consensus estimates of $1.38 by $0.11. The company had revenue of $21.50 billion during the quarter, compared to the consensus estimate of $21.25 billion. United Parcel Service had a net margin of 6.35% and a return on equity of 39.13%. United Parcel Service's quarterly revenue was down .9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.43 EPS. As a group, analysts expect that United Parcel Service, Inc. will post 7.95 EPS for the current fiscal year.

United Parcel Service Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 5th. Investors of record on Monday, May 19th will be paid a $1.64 dividend. The ex-dividend date of this dividend is Monday, May 19th. This represents a $6.56 dividend on an annualized basis and a dividend yield of 6.78%. United Parcel Service's dividend payout ratio (DPR) 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.