LS Investment Advisors LLC Has $950,000 Stock Position in United Parcel Service, Inc. (NYSE:UPS)

LS Investment Advisors LLC boosted its stake in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 76.9% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 8,640 shares of the transportation company's stock after acquiring an additional 3,755 shares during the quarter. LS Investment Advisors LLC's holdings in United Parcel Service were worth $950,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in UPS. IMG Wealth Management Inc. acquired a new stake in shares of United Parcel Service in the fourth quarter valued at approximately $25,000. Generali Investments Management Co LLC bought a new stake in shares of United Parcel Service during the fourth quarter worth $26,000. Pinney & Scofield Inc. bought a new stake in shares of United Parcel Service during the fourth quarter worth $27,000. Fourth Dimension Wealth LLC acquired a new position in shares of United Parcel Service during the fourth quarter valued at $28,000. Finally, Runnymede Capital Advisors Inc. bought a new position in United Parcel Service in the fourth quarter valued at about $30,000. Institutional investors own 60.26% of the company's stock.

Analyst Ratings Changes

UPS has been the subject of several recent research reports. Loop Capital dropped their price objective on United Parcel Service from $115.00 to $105.00 and set a "hold" rating for the company in a report on Wednesday, April 30th. 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. Wells Fargo & Company reiterated an "equal weight" rating and set a $98.00 target price (down previously from $120.00) on shares of United Parcel Service in a research report on Tuesday, April 22nd. UBS Group cut their price target on United Parcel Service from $141.00 to $127.00 and set a "buy" rating on the stock in a research note on Thursday, April 3rd. Finally, JPMorgan Chase & Co. decreased their price objective on United Parcel Service from $120.00 to $115.00 and set a "neutral" rating for the company in a research note on Monday, April 7th. Two analysts have rated the stock with a sell rating, thirteen have given a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, United Parcel Service currently has an average rating of "Hold" and a consensus price target of $120.26.

United Parcel Service Stock Down 1.8%

Shares of United Parcel Service stock traded down $1.79 during trading on Thursday, reaching $96.76. The stock had a trading volume of 4,583,549 shares, compared to its average volume of 5,154,196. 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 company 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. The stock has a fifty day moving average price of $97.81 and a two-hundred day moving average price of $114.49. United Parcel Service, Inc. has a 52 week low of $90.55 and a 52 week high of $148.15.

United Parcel Service (NYSE:UPS - Get Free Report) last released its earnings results on Tuesday, April 29th. The transportation company reported $1.49 EPS for the quarter, beating the consensus estimate of $1.38 by $0.11. United Parcel Service had a return on equity of 39.13% and a net margin of 6.35%. The firm had revenue of $21.50 billion for the quarter, compared to analysts' expectations of $21.25 billion. During the same quarter in the previous year, the business posted $1.43 EPS. The business's quarterly revenue was down .9% compared to the same quarter last year. Sell-side 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 declared a quarterly dividend, which will be paid on Thursday, June 5th. Shareholders of record on Monday, May 19th will be paid a $1.64 dividend. The ex-dividend date is Monday, May 19th. This represents a $6.56 annualized dividend and a yield of 6.78%. United Parcel Service's payout ratio is currently 95.63%.

About United Parcel Service

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.