United Parcel Service, Inc. (NYSE:UPS) Holdings Lifted by Pallas Capital Advisors LLC

Pallas Capital Advisors LLC lifted its position in United Parcel Service, Inc. (NYSE:UPS - Free Report) by 83.6% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 13,261 shares of the transportation company's stock after acquiring an additional 6,040 shares during the quarter. Pallas Capital Advisors LLC's holdings in United Parcel Service were worth $1,459,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Farther Finance Advisors LLC grew its position in shares of United Parcel Service by 24.8% in the 1st quarter. Farther Finance Advisors LLC now owns 12,527 shares of the transportation company's stock worth $1,369,000 after buying an additional 2,486 shares during the last quarter. Portside Wealth Group LLC lifted its stake in shares of United Parcel Service by 32.1% in the 1st quarter. Portside Wealth Group LLC now owns 19,070 shares of the transportation company's stock valued at $2,098,000 after purchasing an additional 4,639 shares during the period. Central Bank & Trust Co. raised its position in United Parcel Service by 5.7% during the first quarter. Central Bank & Trust Co. now owns 4,217 shares of the transportation company's stock worth $464,000 after acquiring an additional 228 shares during the period. Park Avenue Securities LLC raised its position in United Parcel Service by 15.7% during the first quarter. Park Avenue Securities LLC now owns 19,878 shares of the transportation company's stock worth $2,186,000 after acquiring an additional 2,691 shares during the period. Finally, Professional Advisory Services Inc. grew its holdings in shares of United Parcel Service by 2.6% during the first quarter. Professional Advisory Services Inc. now owns 208,030 shares of the transportation company's stock worth $22,881,000 after buying an additional 5,219 shares in the last quarter. Institutional investors own 60.26% of the company's stock.

United Parcel Service Trading Down 0.3%

Shares of NYSE:UPS traded down $0.31 during trading on Thursday, reaching $100.85. 3,105,662 shares of the stock were exchanged, compared to its average volume of 5,178,870. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.14 and a current ratio of 1.17. 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 $85.40 billion, a price-to-earnings ratio of 14.92, a price-to-earnings-growth ratio of 1.55 and a beta of 1.22. The firm's 50-day moving average price is $97.33 and its 200 day moving average price is $113.08.

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 for the quarter, topping analysts' consensus estimates of $1.38 by $0.11. United Parcel Service had a return on equity of 39.13% and a net margin of 6.35%. The firm had revenue of $21.50 billion during the quarter, compared to analysts' expectations of $21.25 billion. During the same quarter in the prior year, the business earned $1.43 EPS. United Parcel Service's quarterly revenue was down .9% compared to the same quarter last year. On average, sell-side analysts anticipate that United Parcel Service, Inc. will post 7.95 earnings per share for the current fiscal year.

United Parcel Service Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, June 5th. Investors of record on Monday, May 19th were given a dividend of $1.64 per share. This represents a $6.56 annualized dividend and a dividend yield of 6.50%. The ex-dividend date of this dividend was Monday, May 19th. United Parcel Service's dividend payout ratio is currently 95.63%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. Galvan Research dropped their price objective on shares of United Parcel Service from $147.00 to $133.00 and set a "buy" rating for the company in a report on Wednesday, April 9th. Bank of America raised their price objective on shares of United Parcel Service from $111.00 to $115.00 and gave the stock a "buy" rating in a report on Friday, May 16th. UBS Group lowered their target price on shares of United Parcel Service from $141.00 to $127.00 and set a "buy" rating on the stock in a research report on Thursday, April 3rd. Barclays lowered their price objective on shares of United Parcel Service from $100.00 to $90.00 and set an "underweight" rating on the stock in a research report on Monday, March 31st. Finally, Citigroup reduced their target price on United Parcel Service from $149.00 to $123.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. Two research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, United Parcel Service presently has an average rating of "Hold" and an average 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.