United Parcel Service, Inc. (NYSE:UPS) Shares Bought by Park Avenue Securities LLC

Park Avenue Securities LLC raised its position in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 15.7% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 19,878 shares of the transportation company's stock after purchasing an additional 2,691 shares during the quarter. Park Avenue Securities LLC's holdings in United Parcel Service were worth $2,186,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the business. IMG Wealth Management Inc. purchased a new position in United Parcel Service during the 4th quarter valued at approximately $25,000. Generali Investments Management Co LLC bought a new stake in United Parcel Service during the 4th quarter valued at about $26,000. Pinney & Scofield Inc. purchased a new stake in United Parcel Service in the 4th quarter valued at about $27,000. Fourth Dimension Wealth LLC purchased a new stake in United Parcel Service in the 4th quarter valued at about $28,000. Finally, Runnymede Capital Advisors Inc. bought a new position in United Parcel Service in the 4th quarter worth about $30,000. Hedge funds and other institutional investors own 60.26% of the company's stock.

United Parcel Service Stock Performance

UPS stock traded down $0.89 during midday trading on Thursday, reaching $100.27. The stock had a trading volume of 964,544 shares, compared to its average volume of 5,163,871. 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 52-week low of $90.55 and a 52-week high of $148.15. The stock has a market cap of $84.91 billion, a PE ratio of 14.83, a P/E/G ratio of 1.55 and a beta of 1.22. The firm has a fifty day simple moving average of $97.22 and a two-hundred day simple moving average of $113.33.

United Parcel Service (NYSE:UPS - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The transportation company reported $1.49 EPS for the quarter, beating the consensus estimate of $1.38 by $0.11. The company had revenue of $21.50 billion for the quarter, compared to analyst estimates of $21.25 billion. United Parcel Service had a net margin of 6.35% and a return on equity of 39.13%. The firm's revenue was down .9% on a year-over-year basis. During the same period in the prior year, the company earned $1.43 earnings per share. As a group, equities research analysts anticipate that United Parcel Service, Inc. will post 7.95 EPS for the current 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 issued a dividend of $1.64 per share. This represents a $6.56 dividend on an annualized basis and a yield of 6.54%. The ex-dividend date of this dividend was Monday, May 19th. United Parcel Service's dividend payout ratio (DPR) is presently 95.63%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on UPS. UBS Group decreased their price target on shares of 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. BMO Capital Markets decreased their price objective on United Parcel Service from $130.00 to $125.00 and set an "outperform" rating for the company in a report on Wednesday, April 30th. Wells Fargo & Company reaffirmed an "equal weight" rating and issued a $98.00 price objective (down from $120.00) on shares of United Parcel Service in a research note on Tuesday, April 22nd. Raymond James reduced their price target on shares of United Parcel Service from $145.00 to $130.00 and set a "strong-buy" rating for the company in a report on Wednesday, April 9th. Finally, JPMorgan Chase & Co. lowered their price target on shares of United Parcel Service from $120.00 to $115.00 and set a "neutral" rating for the company in a research report on Monday, April 7th. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $120.26.

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.