NBC Securities Inc. Buys 11,154 Shares of United Parcel Service, Inc. (NYSE:UPS)

NBC Securities Inc. boosted its position in United Parcel Service, Inc. (NYSE:UPS - Free Report) by 111,540.0% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 11,164 shares of the transportation company's stock after purchasing an additional 11,154 shares during the period. NBC Securities Inc.'s holdings in United Parcel Service were worth $1,227,000 as of its most recent SEC filing.

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

United Parcel Service Trading Up 0.5%

Shares of NYSE UPS traded up $0.49 during midday trading on Wednesday, hitting $98.57. The company's stock had a trading volume of 3,930,944 shares, compared to its average volume of 5,143,214. 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's 50 day moving average is $98.03 and its two-hundred day moving average is $114.61. United Parcel Service, Inc. has a 12-month low of $90.55 and a 12-month high of $148.15. The firm has a market cap of $83.47 billion, a P/E ratio of 14.58, a price-to-earnings-growth ratio of 1.55 and a beta of 1.23.

United Parcel Service (NYSE:UPS - Get Free Report) last issued 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. The firm had revenue of $21.50 billion for the quarter, compared to the consensus estimate of $21.25 billion. United Parcel Service had a return on equity of 39.13% and a net margin of 6.35%. The company's revenue for the quarter was down .9% on a year-over-year basis. During the same period in the prior year, the business posted $1.43 earnings per share. As a group, equities research analysts expect that United Parcel Service, Inc. will post 7.95 EPS for the current year.

United Parcel Service Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 5th. Stockholders of record on Monday, May 19th will be issued a $1.64 dividend. The ex-dividend date is Monday, May 19th. This represents a $6.56 annualized dividend and a dividend yield of 6.66%. United Parcel Service's dividend payout ratio is currently 95.63%.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Hsbc Global Res cut United Parcel Service from a "strong-buy" rating to a "hold" rating in a research report on Thursday, May 1st. UBS Group dropped their price target on United Parcel Service from $141.00 to $127.00 and set a "buy" rating for the company in a research note on Thursday, April 3rd. Wall Street Zen cut shares of United Parcel Service from a "buy" rating to a "hold" rating in a research report on Wednesday, May 7th. Loop Capital reduced their price objective on shares of United Parcel Service from $115.00 to $105.00 and set a "hold" rating on the stock in a research report on Wednesday, April 30th. Finally, HSBC cut shares of United Parcel Service from a "buy" rating to a "hold" rating and set a $105.00 price objective on the stock. in a research report on Thursday, May 1st. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, United Parcel Service currently has an average rating of "Hold" and a consensus price target of $120.26.

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.