United Parcel Service, Inc. (NYSE:UPS) Shares Acquired by Stockman Wealth Management Inc.

Stockman Wealth Management Inc. grew its holdings in United Parcel Service, Inc. (NYSE:UPS - Free Report) by 14.2% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 99,005 shares of the transportation company's stock after buying an additional 12,332 shares during the period. United Parcel Service accounts for about 1.6% of Stockman Wealth Management Inc.'s holdings, making the stock its 24th biggest holding. Stockman Wealth Management Inc.'s holdings in United Parcel Service were worth $10,890,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in United Parcel Service by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 65,136,394 shares of the transportation company's stock valued at $8,213,699,000 after acquiring an additional 370,705 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of United Parcel Service by 6.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 23,264,665 shares of the transportation company's stock valued at $2,933,674,000 after purchasing an additional 1,337,058 shares in the last quarter. Geode Capital Management LLC increased its position in shares of United Parcel Service by 2.7% during the fourth quarter. Geode Capital Management LLC now owns 15,704,334 shares of the transportation company's stock worth $1,979,695,000 after acquiring an additional 414,710 shares during the period. Franklin Resources Inc. increased its holdings in United Parcel Service by 15.6% during the 4th quarter. Franklin Resources Inc. now owns 10,979,909 shares of the transportation company's stock worth $1,384,567,000 after purchasing an additional 1,484,452 shares during the period. Finally, FMR LLC raised its holdings in United Parcel Service by 2.5% in the fourth quarter. FMR LLC now owns 10,895,828 shares of the transportation company's stock valued at $1,373,964,000 after acquiring an additional 268,278 shares in the last quarter. 60.26% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have weighed in on UPS. Wells Fargo & Company reissued an "equal weight" rating and set a $98.00 price objective (down previously from $120.00) on shares of United Parcel Service in a report on Tuesday, April 22nd. Barclays reduced their price target on shares of United Parcel Service from $100.00 to $90.00 and set an "underweight" rating for the company in a research report on Monday, March 31st. Bank of America raised their price objective on United Parcel Service from $111.00 to $115.00 and gave the stock a "buy" rating in a report on Friday, May 16th. 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 report on Thursday, May 1st. Finally, BMO Capital Markets reduced their price objective 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 research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, United Parcel Service currently has an average rating of "Hold" and a consensus target price of $120.26.

United Parcel Service Trading Up 1.1%

United Parcel Service stock traded up $1.07 during trading on Monday, hitting $101.07. The company's stock had a trading volume of 4,288,322 shares, compared to its average volume of 5,178,008. The stock's fifty day moving average is $97.49 and its 200 day moving average is $112.52. United Parcel Service, Inc. has a 1-year low of $90.55 and a 1-year high of $148.15. The stock has a market capitalization of $85.59 billion, a price-to-earnings ratio of 14.95, a P/E/G ratio of 1.55 and a beta of 1.22. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.14 and a current ratio of 1.17.

United Parcel Service (NYSE:UPS - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The transportation company reported $1.49 EPS for the quarter, beating analysts' consensus estimates 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 6.35% and a return on equity of 39.13%. The company's quarterly revenue was down .9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.43 EPS. As a group, equities research analysts predict that United Parcel Service, Inc. will post 7.95 EPS for the current year.

United Parcel Service Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, June 5th. Shareholders of record on Monday, May 19th were paid a dividend of $1.64 per share. This represents a $6.56 dividend on an annualized basis and a yield of 6.49%. The ex-dividend date was Monday, May 19th. United Parcel Service's dividend payout ratio is currently 95.63%.

About United Parcel Service

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.