NTV Asset Management LLC Buys 4,957 Shares of United Parcel Service, Inc. (NYSE:UPS)

NTV Asset Management LLC lifted its holdings in United Parcel Service, Inc. (NYSE:UPS - Free Report) by 150.5% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund 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 reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Garde Capital Inc. acquired a new position in shares of United Parcel Service in the first quarter worth about $37,000. Golden State Wealth Management LLC grew its position in United Parcel Service by 61.3% during the 1st quarter. Golden State Wealth Management LLC now owns 1,576 shares of the transportation company's stock worth $173,000 after purchasing an additional 599 shares in the last quarter. CWA Asset Management Group LLC grew its position in United Parcel Service by 5.9% during the 1st quarter. CWA Asset Management Group LLC now owns 3,467 shares of the transportation company's stock worth $381,000 after purchasing an additional 193 shares in the last quarter. Advisor Resource Council acquired a new stake in United Parcel Service during the 1st quarter valued at $437,000. Finally, Clark Capital Management Group Inc. boosted its position in shares of United Parcel Service by 14.4% in the fourth quarter. Clark Capital Management Group Inc. now owns 11,427 shares of the transportation company's stock worth $1,441,000 after buying an additional 1,440 shares during the period. 60.26% of the stock is owned by institutional investors and hedge funds.

United Parcel Service Stock Performance

Shares of NYSE UPS traded down $1.63 during trading hours on Friday, hitting $101.29. 4,337,400 shares of the stock were exchanged, compared to its average volume of 5,255,610. United Parcel Service, Inc. has a one year low of $90.55 and a one year high of $148.15. The company's 50 day moving average is $99.42 and its 200 day moving average is $109.05. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.09 and a quick ratio of 1.09. The firm has a market capitalization of $85.77 billion, a P/E ratio of 14.77, a P/E/G ratio of 1.98 and a beta of 1.21.

United Parcel Service (NYSE:UPS - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The transportation company reported $1.49 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.38 by $0.11. The company had revenue of $21.50 billion during the quarter, compared to analysts' expectations of $21.25 billion. United Parcel Service had a net margin of 6.44% and a return on equity of 40.15%. The business's quarterly revenue was down .9% compared to the same quarter last year. During the same period in the prior year, the company earned $1.43 earnings per share. On average, research analysts expect that United Parcel Service, Inc. will post 7.95 EPS for the current year.

United Parcel Service Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 5th. Investors of record on Monday, May 19th were paid a dividend of $1.64 per share. The ex-dividend date was Monday, May 19th. This represents a $6.56 annualized dividend and a yield of 6.48%. United Parcel Service's payout ratio is 95.63%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on UPS. BMO Capital Markets dropped their price target on United Parcel Service from $130.00 to $125.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 30th. Stifel Nicolaus lowered their price objective on shares of United Parcel Service from $145.00 to $124.00 and set a "buy" rating on the stock in a research report on Wednesday, April 30th. Citigroup lifted their target price on shares of United Parcel Service from $122.00 to $127.00 and gave the company a "buy" rating in a research note on Wednesday. BNP Paribas Exane raised shares of United Parcel Service from an "underperform" rating to a "neutral" rating and set a $100.00 price target on the stock in a research note on Thursday, July 3rd. Finally, Oppenheimer lowered their target price 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. Two equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $119.13.

United Parcel Service 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.