Navalign LLC Makes New $1.25 Million Investment in United Parcel Service, Inc. (NYSE:UPS)

Navalign LLC purchased a new stake in United Parcel Service, Inc. (NYSE:UPS - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 11,398 shares of the transportation company's stock, valued at approximately $1,254,000.

A number of other large investors have also added to or reduced their stakes in UPS. IMG Wealth Management Inc. acquired a new position in United Parcel Service in the 4th quarter valued at $25,000. Generali Investments Management Co LLC acquired a new position in United Parcel Service in the 4th quarter valued at $26,000. Pinney & Scofield Inc. acquired a new position in United Parcel Service in the 4th quarter valued at $27,000. Citizens National Bank Trust Department grew its holdings in shares of United Parcel Service by 525.0% during the 1st quarter. Citizens National Bank Trust Department now owns 250 shares of the transportation company's stock worth $27,000 after purchasing an additional 210 shares in the last quarter. Finally, Fourth Dimension Wealth LLC acquired a new stake in shares of United Parcel Service during the 4th quarter worth $28,000. Institutional investors own 60.26% of the company's stock.

Analyst Ratings Changes

Several analysts have recently issued reports on UPS shares. Citigroup reduced their target price on United Parcel Service from $149.00 to $123.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. Hsbc Global Res lowered United Parcel Service from a "strong-buy" rating to a "hold" rating in a research note on Thursday, May 1st. UBS Group reduced their price objective on United Parcel Service from $128.00 to $124.00 and set a "buy" rating on the stock in a research note on Wednesday, July 2nd. Oppenheimer reduced their price objective on United Parcel Service from $126.00 to $114.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 30th. Finally, BNP Paribas raised United Parcel Service to a "hold" rating in a research note on Thursday, July 3rd. Two research analysts have rated the stock with a sell rating, fifteen have given a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $118.96.

United Parcel Service Stock Performance

Shares of NYSE:UPS traded up $1.53 during mid-day trading on Tuesday, reaching $102.38. 6,510,769 shares of the company traded hands, compared to its average volume of 5,233,162. The company's 50 day moving average price is $98.91 and its 200-day moving average price is $109.48. The firm has a market cap of $86.70 billion, a PE ratio of 14.92, a PEG ratio of 2.01 and a beta of 1.21. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.09 and a quick ratio of 1.09. 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 posted its quarterly earnings results on Tuesday, April 29th. The transportation company reported $1.49 earnings per share for the quarter, topping the consensus estimate of $1.38 by $0.11. United Parcel Service had a return on equity of 40.15% and a net margin of 6.44%. The business had revenue of $21.50 billion during the quarter, compared to the consensus estimate of $21.25 billion. During the same period in the prior year, the company posted $1.43 EPS. The firm's revenue for the quarter was down .9% compared to the same quarter last year. On average, equities analysts expect that United Parcel Service, Inc. will post 7.95 EPS for the current fiscal year.

United Parcel Service Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, June 5th. Stockholders of record on Monday, May 19th were given a dividend of $1.64 per share. The ex-dividend date was Monday, May 19th. This represents a $6.56 dividend on an annualized basis and a dividend yield of 6.41%. United Parcel Service's dividend payout ratio is currently 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.