Secured Retirement Advisors LLC Takes Position in United Parcel Service, Inc. (NYSE:UPS)

Secured Retirement Advisors LLC bought a new position in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 10,297 shares of the transportation company's stock, valued at approximately $1,133,000.

Several other institutional investors and hedge funds have also bought and sold shares of UPS. CWM LLC increased its holdings in shares of United Parcel Service by 25.0% in the first quarter. CWM LLC now owns 96,926 shares of the transportation company's stock worth $10,661,000 after purchasing an additional 19,369 shares during the period. Greatmark Investment Partners Inc. grew its position in United Parcel Service by 5.4% during the first quarter. Greatmark Investment Partners Inc. now owns 113,241 shares of the transportation company's stock worth $12,455,000 after buying an additional 5,835 shares in the last quarter. TruNorth Capital Management LLC increased its stake in United Parcel Service by 62.1% in the 1st quarter. TruNorth Capital Management LLC now owns 462 shares of the transportation company's stock worth $51,000 after acquiring an additional 177 shares during the last quarter. Platform Technology Partners raised its holdings in shares of United Parcel Service by 21.6% in the 1st quarter. Platform Technology Partners now owns 3,124 shares of the transportation company's stock valued at $344,000 after acquiring an additional 554 shares in the last quarter. Finally, Arizona State Retirement System boosted its position in shares of United Parcel Service by 1.5% during the 1st quarter. Arizona State Retirement System now owns 214,637 shares of the transportation company's stock valued at $23,608,000 after acquiring an additional 3,247 shares during the last quarter. 60.26% of the stock is currently owned by hedge funds and other institutional investors.

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 stock traded hands, compared to its average volume of 5,257,434. The firm has a market capitalization of $85.77 billion, a P/E ratio of 14.77, a price-to-earnings-growth ratio of 1.95 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 company has a debt-to-equity ratio of 1.24, a current ratio of 1.09 and a quick ratio of 1.09. The firm has a 50-day moving average of $99.42 and a 200 day moving average of $108.94.

United Parcel Service (NYSE:UPS - Get Free Report) last posted its earnings results on Tuesday, April 29th. The transportation company reported $1.49 earnings per share for the quarter, topping analysts' consensus estimates of $1.38 by $0.11. The company had revenue of $21.50 billion during 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%. United Parcel Service's revenue for the quarter was down .9% on a year-over-year basis. During the same period in the prior year, the business posted $1.43 earnings per share. Equities research analysts anticipate that United Parcel Service, Inc. will post 7.95 EPS for the current year.

United Parcel Service Announces Dividend

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

Wall Street Analysts Forecast Growth

UPS has been the topic of a number of recent 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 research note on Wednesday, April 30th. BNP Paribas Exane upgraded shares of United Parcel Service from an "underperform" rating to a "neutral" rating and set a $100.00 price objective on the stock in a research report on Thursday, July 3rd. 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 report on Wednesday, April 9th. Citigroup increased their target price on United Parcel Service from $122.00 to $127.00 and gave the company a "buy" rating in a research note on Wednesday. Finally, BMO Capital Markets dropped their price target on United Parcel Service from $130.00 to $125.00 and set an "outperform" rating for the company in a research note on Wednesday, April 30th. Two equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus 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.