United Parcel Service, Inc. (NYSE:UPS) Shares Acquired by Sabal Trust CO

Sabal Trust CO raised its holdings in United Parcel Service, Inc. (NYSE:UPS - Free Report) by 3.7% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 177,334 shares of the transportation company's stock after acquiring an additional 6,307 shares during the quarter. Sabal Trust CO's holdings in United Parcel Service were worth $19,505,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. IMG Wealth Management Inc. acquired a new position in shares of United Parcel Service during the 4th quarter worth $25,000. Generali Investments Management Co LLC acquired a new position in shares of United Parcel Service during the 4th quarter worth $26,000. Pinney & Scofield Inc. acquired a new position in shares of United Parcel Service during the 4th quarter worth $27,000. Fourth Dimension Wealth LLC acquired a new position in shares of United Parcel Service during the 4th quarter worth $28,000. Finally, Runnymede Capital Advisors Inc. acquired a new position in shares of United Parcel Service during the 4th quarter worth $30,000. Institutional investors and hedge funds own 60.26% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on UPS. Galvan Research cut their price target on United Parcel Service from $147.00 to $133.00 and set a "buy" rating for the company in a research note on Wednesday, April 9th. Deutsche Bank Aktiengesellschaft initiated coverage on United Parcel Service in a research note on Friday, March 7th. They set a "hold" rating and a $119.00 price target for the company. Wolfe Research cut their target price on shares of United Parcel Service from $133.00 to $113.00 and set an "outperform" rating for the company in a research note on Wednesday, April 9th. Oppenheimer cut their target price on shares of United Parcel Service from $126.00 to $114.00 and set an "outperform" rating for the company in a research note on Wednesday, April 30th. Finally, HSBC downgraded shares of 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. Two equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, United Parcel Service has a consensus rating of "Hold" and a consensus target price of $120.26.

United Parcel Service Trading Up 0.6%

Shares of NYSE:UPS traded up $0.62 during trading on Friday, reaching $101.22. 5,867,283 shares of the stock were exchanged, compared to its average volume of 5,188,592. 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 12-month low of $90.55 and a 12-month high of $148.15. The firm has a market cap of $85.71 billion, a price-to-earnings ratio of 14.76, a price-to-earnings-growth ratio of 1.78 and a beta of 1.22. The firm's 50-day moving average price is $98.18 and its 200 day moving average price is $110.44.

United Parcel Service (NYSE:UPS - Get Free Report) last issued its 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. United Parcel Service had a return on equity of 40.15% and a net margin of 6.44%. The business had revenue of $21.50 billion during the quarter, compared to analysts' expectations of $21.25 billion. During the same quarter in the previous year, the business earned $1.43 EPS. The company's revenue for the quarter was down .9% on a year-over-year basis. On average, sell-side analysts anticipate 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 declared a quarterly dividend, which was paid on Thursday, June 5th. Investors of record on Monday, May 19th were given a dividend of $1.64 per share. This represents a $6.56 annualized dividend and a yield of 6.48%. The ex-dividend date was Monday, May 19th. United Parcel Service's dividend payout ratio (DPR) is presently 95.63%.

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.