PYA Waltman Capital LLC Increases Stock Position in United Parcel Service, Inc. (NYSE:UPS)

PYA Waltman Capital LLC lifted its stake in United Parcel Service, Inc. (NYSE:UPS - Free Report) by 29.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 24,955 shares of the transportation company's stock after purchasing an additional 5,680 shares during the period. United Parcel Service makes up 0.9% of PYA Waltman Capital LLC's investment portfolio, making the stock its 28th largest holding. PYA Waltman Capital LLC's holdings in United Parcel Service were worth $2,745,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in UPS. IMG Wealth Management Inc. acquired a new position in United Parcel Service during the fourth quarter worth about $25,000. Generali Investments Management Co LLC acquired a new position in United Parcel Service during the fourth quarter worth about $26,000. Pinney & Scofield Inc. acquired a new position in United Parcel Service during the fourth quarter worth about $27,000. Citizens National Bank Trust Department raised its position in United Parcel Service by 525.0% during the first quarter. Citizens National Bank Trust Department now owns 250 shares of the transportation company's stock worth $27,000 after acquiring an additional 210 shares during the last quarter. Finally, Fourth Dimension Wealth LLC acquired a new position in United Parcel Service during the fourth quarter worth about $28,000. Institutional investors and hedge funds own 60.26% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on UPS shares. BMO Capital Markets cut their target price on shares of United Parcel Service from $130.00 to $125.00 and set an "outperform" rating for the company in a research report on Wednesday, April 30th. Hsbc Global Res lowered shares of United Parcel Service from a "strong-buy" rating to a "hold" rating in a research report on Thursday, May 1st. Galvan Research cut 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 research report on Wednesday, April 9th. Stifel Nicolaus cut their price objective on shares of United Parcel Service from $145.00 to $124.00 and set a "buy" rating for the company in a research report on Wednesday, April 30th. Finally, BNP Paribas Exane raised shares of United Parcel Service from an "underperform" rating to a "neutral" rating and set a $100.00 price objective for the company in a research report on Thursday, July 3rd. 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 assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $119.13.

United Parcel Service Trading Down 1.6%

UPS traded down $1.63 during trading on Friday, hitting $101.29. 4,337,400 shares of the company's stock were exchanged, compared to its average volume of 5,255,610. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.24. United Parcel Service, Inc. has a 1 year low of $90.55 and a 1 year high of $148.15. The stock has a 50 day moving average price of $99.42 and a 200 day moving average price of $109.05. The firm has a market cap of $85.77 billion, a P/E ratio of 14.77, a price-to-earnings-growth ratio of 1.98 and a beta of 1.21.

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

United Parcel Service Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, June 5th. Stockholders of record on Monday, May 19th were paid a $1.64 dividend. The ex-dividend date was Monday, May 19th. This represents a $6.56 annualized dividend and a dividend yield of 6.48%. United Parcel Service's dividend payout ratio (DPR) is presently 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.