NTV Asset Management LLC Has $908,000 Stock Holdings in United Parcel Service, Inc. (NYSE:UPS)

NTV Asset Management LLC lifted its stake in United Parcel Service, Inc. (NYSE:UPS - Free Report) by 150.5% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 8,251 shares of the transportation company's stock after purchasing an additional 4,957 shares during the period. NTV Asset Management LLC's holdings in United Parcel Service were worth $908,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. increased its holdings in shares of United Parcel Service by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 65,136,394 shares of the transportation company's stock valued at $8,213,699,000 after purchasing an additional 370,705 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of United Parcel Service by 2.7% in the fourth quarter. Geode Capital Management LLC now owns 15,704,334 shares of the transportation company's stock valued at $1,979,695,000 after purchasing an additional 414,710 shares in the last quarter. Franklin Resources Inc. increased its holdings in shares of United Parcel Service by 15.6% in the fourth quarter. Franklin Resources Inc. now owns 10,979,909 shares of the transportation company's stock valued at $1,384,567,000 after purchasing an additional 1,484,452 shares in the last quarter. FMR LLC increased its holdings in shares of United Parcel Service by 2.5% in the fourth quarter. FMR LLC now owns 10,895,828 shares of the transportation company's stock valued at $1,373,964,000 after purchasing an additional 268,278 shares in the last quarter. Finally, Norges Bank acquired a new stake in shares of United Parcel Service in the fourth quarter valued at approximately $1,075,393,000. Institutional investors and hedge funds own 60.26% of the company's stock.

United Parcel Service Stock Down 0.0%

NYSE:UPS traded down $0.04 on Wednesday, hitting $102.34. 4,565,721 shares of the company's stock were exchanged, compared to its average volume of 5,248,798. The firm has a 50-day moving average price of $99.02 and a 200-day moving average price of $109.43. 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. The company has a market cap of $86.66 billion, a P/E ratio of 14.92, a price-to-earnings-growth ratio of 1.96 and a beta of 1.21.

United Parcel Service (NYSE:UPS - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The transportation company reported $1.49 EPS for the quarter, topping the consensus estimate of $1.38 by $0.11. United Parcel Service had a net margin of 6.44% and a return on equity of 40.15%. The firm had revenue of $21.50 billion for the quarter, compared to analysts' expectations of $21.25 billion. During the same period in the previous year, the firm posted $1.43 EPS. The company's revenue for the quarter was down .9% on a year-over-year basis. As a group, analysts expect 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 was paid on Thursday, June 5th. Shareholders of record on Monday, May 19th were given a dividend of $1.64 per share. The ex-dividend date of this dividend was Monday, May 19th. This represents a $6.56 annualized dividend and a yield of 6.41%. United Parcel Service's dividend payout ratio (DPR) is presently 95.63%.

Analyst Ratings Changes

UPS has been the subject of a number of research reports. Citigroup raised their price target on shares of United Parcel Service from $122.00 to $127.00 and gave the company a "buy" rating in a report on Wednesday. JPMorgan Chase & Co. lowered their target price on shares of United Parcel Service from $110.00 to $107.00 and set a "neutral" rating for the company in a report on Tuesday. Wall Street Zen lowered shares of United Parcel Service from a "buy" rating to a "hold" rating in a report on Wednesday, May 7th. Wolfe Research lowered their target price on shares of United Parcel Service from $133.00 to $113.00 and set an "outperform" rating for the company in a report on Wednesday, April 9th. Finally, UBS Group lowered their target price on shares of United Parcel Service from $128.00 to $124.00 and set a "buy" rating for the company in a report on Wednesday, July 2nd. Two analysts have rated the stock with a sell rating, fifteen have issued a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $119.13.

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.