Pinkerton Retirement Specialists LLC Buys 3,897 Shares of United Parcel Service, Inc. (NYSE:UPS)

Pinkerton Retirement Specialists LLC increased its position in United Parcel Service, Inc. (NYSE:UPS - Free Report) by 12.6% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 34,870 shares of the transportation company's stock after acquiring an additional 3,897 shares during the quarter. Pinkerton Retirement Specialists LLC's holdings in United Parcel Service were worth $3,835,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in UPS. IMG Wealth Management Inc. purchased a new stake in United Parcel Service in the 4th quarter worth $25,000. Generali Investments Management Co LLC bought a new position in shares of United Parcel Service in the fourth quarter worth about $26,000. Graybill Wealth Management LTD. purchased a new stake in shares of United Parcel Service during the first quarter worth about $26,000. Pinney & Scofield Inc. bought a new stake in United Parcel Service during the 4th quarter valued at approximately $27,000. Finally, Citizens National Bank Trust Department lifted its holdings in United Parcel Service by 525.0% in the 1st quarter. Citizens National Bank Trust Department now owns 250 shares of the transportation company's stock worth $27,000 after purchasing an additional 210 shares in the last quarter. Institutional investors own 60.26% of the company's stock.

United Parcel Service Trading Down 0.1%

NYSE:UPS traded down $0.14 during midday trading on Thursday, hitting $99.49. The stock had a trading volume of 3,947,045 shares, compared to its average volume of 5,250,705. The stock has a 50-day moving average of $99.74 and a 200 day moving average of $108.51. The company has a market capitalization of $84.25 billion, a price-to-earnings ratio of 14.50, a PEG ratio of 1.91 and a beta of 1.21. United Parcel Service, Inc. has a one year low of $90.55 and a one year high of $148.15. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.24.

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

United Parcel Service Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 5th. Stockholders of record on Monday, May 19th were issued a $1.64 dividend. The ex-dividend date of this dividend was Monday, May 19th. This represents a $6.56 annualized dividend and a dividend yield of 6.59%. United Parcel Service's dividend payout ratio is currently 95.63%.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on UPS. Susquehanna reduced their price objective on shares of United Parcel Service from $120.00 to $110.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 30th. Citigroup boosted their price target on shares of United Parcel Service from $122.00 to $127.00 and gave the stock a "buy" rating in a research note on Wednesday, July 9th. Wells Fargo & Company reissued an "equal weight" rating and set a $98.00 price objective (down previously from $120.00) on shares of United Parcel Service in a report on Tuesday, April 22nd. Loop Capital reduced their target price on United Parcel Service from $115.00 to $105.00 and set a "hold" rating on the stock in a report on Wednesday, April 30th. Finally, Wall Street Zen lowered United Parcel Service from a "buy" rating to a "hold" rating in a research note on Wednesday, May 7th. Two equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, United Parcel Service presently has an average rating of "Hold" and an average target price 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.