United Parcel Service, Inc. (NYSE:UPS) Stake Raised by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. boosted its holdings in United Parcel Service, Inc. (NYSE:UPS - Free Report) by 25.5% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 214,807 shares of the transportation company's stock after buying an additional 43,664 shares during the period. Oppenheimer Asset Management Inc.'s holdings in United Parcel Service were worth $23,627,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the business. LaFleur & Godfrey LLC raised its stake in shares of United Parcel Service by 62.8% during the fourth quarter. LaFleur & Godfrey LLC now owns 6,225 shares of the transportation company's stock valued at $785,000 after purchasing an additional 2,401 shares during the period. Brighton Jones LLC raised its stake in shares of United Parcel Service by 63.8% during the fourth quarter. Brighton Jones LLC now owns 12,126 shares of the transportation company's stock valued at $1,529,000 after purchasing an additional 4,723 shares during the period. Sigma Planning Corp raised its stake in shares of United Parcel Service by 8.1% during the fourth quarter. Sigma Planning Corp now owns 13,878 shares of the transportation company's stock valued at $1,750,000 after purchasing an additional 1,034 shares during the period. Richardson Capital Management LLC purchased a new stake in shares of United Parcel Service during the fourth quarter valued at approximately $44,000. Finally, Fisher Funds Management LTD purchased a new stake in shares of United Parcel Service during the fourth quarter valued at approximately $4,366,000. Hedge funds and other institutional investors own 60.26% of the company's stock.

United Parcel Service Stock Performance

Shares of UPS traded up $0.26 during midday trading on Tuesday, hitting $100.66. 3,675,220 shares of the stock traded hands, compared to its average volume of 5,188,838. United Parcel Service, Inc. has a 1-year low of $90.55 and a 1-year high of $148.15. The firm has a market capitalization of $85.24 billion, a PE ratio of 14.67, a price-to-earnings-growth ratio of 1.76 and a beta of 1.22. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.09 and a current ratio of 1.09. The business's 50 day moving average price is $97.89 and its two-hundred day moving average price is $111.17.

United Parcel Service (NYSE:UPS - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The transportation company reported $1.49 earnings per share for the quarter, beating analysts' consensus estimates 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 business 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 business earned $1.43 earnings per share. The company's revenue was down .9% on a year-over-year basis. Equities research analysts predict that United Parcel Service, Inc. will post 7.95 EPS for the current fiscal year.

United Parcel Service Announces Dividend

The business also recently disclosed 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. This represents a $6.56 dividend on an annualized basis and a dividend yield of 6.52%. The ex-dividend date of this dividend was Monday, May 19th. United Parcel Service's dividend payout ratio is currently 95.63%.

Analyst Ratings Changes

UPS has been the topic of a number of analyst reports. Galvan Research dropped their price objective on shares of United Parcel Service from $147.00 to $133.00 and set a "buy" rating on the stock in a research note on Wednesday, April 9th. JPMorgan Chase & Co. dropped their price objective on shares of United Parcel Service from $120.00 to $115.00 and set a "neutral" rating on the stock in a research note on Monday, April 7th. Wells Fargo & Company reissued an "equal weight" rating and set a $98.00 price target (down previously from $120.00) on shares of United Parcel Service in a research report on Tuesday, April 22nd. Deutsche Bank Aktiengesellschaft initiated coverage on shares of United Parcel Service in a research report on Friday, March 7th. They set a "hold" rating and a $119.00 price target for the company. Finally, HSBC downgraded shares of United Parcel Service from a "buy" rating to a "hold" rating and set a $105.00 price target for the company. in a research report on Thursday, May 1st. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, United Parcel Service currently has a consensus rating of "Hold" and a consensus target price of $120.26.

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.