Rehmann Capital Advisory Group Buys 2,733 Shares of United Parcel Service, Inc. (NYSE:UPS)

Rehmann Capital Advisory Group lifted its stake in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 16.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 18,903 shares of the transportation company's stock after purchasing an additional 2,733 shares during the period. Rehmann Capital Advisory Group's holdings in United Parcel Service were worth $2,079,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the stock. Slagle Financial LLC lifted its position in shares of United Parcel Service by 0.7% during the first quarter. Slagle Financial LLC now owns 21,053 shares of the transportation company's stock worth $2,316,000 after purchasing an additional 140 shares in the last quarter. MeadowBrook Investment Advisors LLC lifted its holdings in United Parcel Service by 15.2% in the first quarter. MeadowBrook Investment Advisors LLC now owns 3,394 shares of the transportation company's stock valued at $373,000 after buying an additional 448 shares during the period. Flossbach Von Storch SE acquired a new position in United Parcel Service in the first quarter valued at approximately $465,000. DekaBank Deutsche Girozentrale lifted its holdings in United Parcel Service by 9.6% in the first quarter. DekaBank Deutsche Girozentrale now owns 301,321 shares of the transportation company's stock valued at $32,909,000 after buying an additional 26,283 shares during the period. Finally, Personal CFO Solutions LLC lifted its holdings in United Parcel Service by 14.6% in the first quarter. Personal CFO Solutions LLC now owns 3,379 shares of the transportation company's stock valued at $372,000 after buying an additional 431 shares during the period. 60.26% of the stock is currently owned by institutional investors and hedge funds.

United Parcel Service Stock Down 1.6%

United Parcel Service stock traded down $1.63 during mid-day trading on Friday, reaching $101.29. The company's stock had a trading volume of 4,337,400 shares, compared to its average volume of 5,255,610. The company has a market capitalization of $85.77 billion, a price-to-earnings ratio of 14.77, a price-to-earnings-growth ratio of 1.98 and a beta of 1.21. United Parcel Service, Inc. has a 12 month low of $90.55 and a 12 month high of $148.15. The business's 50 day simple moving average is $99.42 and its 200 day simple moving average is $109.05. 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 (NYSE:UPS - Get Free Report) last released its earnings results on Tuesday, April 29th. The transportation company reported $1.49 earnings per share for the quarter, beating analysts' consensus estimates of $1.38 by $0.11. The business 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%. The firm's revenue for the quarter was down .9% compared to the same quarter last year. During the same quarter last year, the firm earned $1.43 earnings per share. As a group, research analysts anticipate that United Parcel Service, Inc. will post 7.95 earnings per share for the current year.

United Parcel Service Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, June 5th. Shareholders of record on Monday, May 19th were paid a $1.64 dividend. This represents a $6.56 dividend on an annualized basis and a yield of 6.48%. The ex-dividend date was Monday, May 19th. United Parcel Service's dividend payout ratio is currently 95.63%.

Wall Street Analyst Weigh In

UPS has been the topic of several analyst reports. Stifel Nicolaus cut their price objective 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. Bank of America increased their price objective on shares of United Parcel Service from $111.00 to $115.00 and gave the company a "buy" rating in a report on Friday, May 16th. Wall Street Zen lowered shares of United Parcel Service from a "buy" rating to a "hold" rating in a report on Wednesday, May 7th. Barclays cut 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 report on Monday, March 31st. Finally, Wells Fargo & Company reiterated an "equal weight" rating and issued a $98.00 target price (down from $120.00) on shares of United Parcel Service in a report on Tuesday, April 22nd. Two equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $119.13.

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.