Pinnacle Financial Partners Inc Grows Position in United Parcel Service, Inc. (NYSE:UPS)

Pinnacle Financial Partners Inc grew its stake in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 3.6% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 93,177 shares of the transportation company's stock after acquiring an additional 3,198 shares during the period. Pinnacle Financial Partners Inc's holdings in United Parcel Service were worth $10,251,000 at the end of the most recent reporting period.

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

Analysts Set New Price Targets

UPS has been the topic of a number of analyst reports. Stifel Nicolaus lowered their target price on shares of United Parcel Service from $145.00 to $124.00 and set a "buy" rating on the stock in a report on Wednesday, April 30th. Oppenheimer decreased their price objective 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. HSBC downgraded United Parcel Service from a "buy" rating to a "hold" rating and set a $105.00 target price for the company. in a research note on Thursday, May 1st. Hsbc Global Res cut United Parcel Service from a "strong-buy" rating to a "hold" rating in a research report on Thursday, May 1st. Finally, BMO Capital Markets lowered their price target on shares of United Parcel Service from $130.00 to $125.00 and set an "outperform" rating on the stock in a report on Wednesday, April 30th. Two research analysts have rated the stock with a sell rating, fourteen have issued a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $119.29.

United Parcel Service Price Performance

UPS traded down $1.30 during midday trading on Thursday, hitting $104.24. The stock had a trading volume of 2,961,254 shares, compared to its average volume of 5,219,802. The company has a market cap of $88.27 billion, a P/E ratio of 15.20, a price-to-earnings-growth ratio of 1.86 and a beta of 1.21. The business has a fifty day moving average of $98.70 and a 200 day moving average of $110.00. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.09 and a current ratio of 1.09. United Parcel Service, Inc. has a 1 year low of $90.55 and a 1 year high of $148.15.

United Parcel Service (NYSE:UPS - Get Free Report) last released its 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 6.44% and a return on equity of 40.15%. The firm's quarterly revenue was down .9% compared to the same quarter last year. During the same quarter last year, the firm earned $1.43 EPS. As a group, equities analysts forecast that United Parcel Service, Inc. will post 7.95 earnings per share for the current fiscal year.

United Parcel Service Dividend Announcement

The business also recently disclosed 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 6.29%. United Parcel Service's dividend payout ratio is currently 95.63%.

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.