Stratos Wealth Partners LTD. Buys 7,172 Shares of United Parcel Service, Inc. (NYSE:UPS)

Stratos Wealth Partners LTD. boosted its stake in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 10.8% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 73,617 shares of the transportation company's stock after acquiring an additional 7,172 shares during the period. Stratos Wealth Partners LTD.'s holdings in United Parcel Service were worth $8,097,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. IMG Wealth Management Inc. bought a new position in shares of United Parcel Service in the 4th quarter valued at $25,000. Generali Investments Management Co LLC acquired a new stake in shares of United Parcel Service during the 4th quarter valued at $26,000. Pinney & Scofield Inc. acquired a new stake in shares of United Parcel Service during the 4th quarter valued at $27,000. Citizens National Bank Trust Department boosted its holdings in shares of United Parcel Service by 525.0% during the 1st quarter. Citizens National Bank Trust Department now owns 250 shares of the transportation company's stock valued at $27,000 after acquiring an additional 210 shares in the last quarter. Finally, Fourth Dimension Wealth LLC acquired a new stake in shares of United Parcel Service during the 4th quarter valued at $28,000. Institutional investors own 60.26% of the company's stock.

United Parcel Service Stock Performance

Shares of UPS traded down $0.04 on Wednesday, reaching $102.34. 4,565,721 shares of the company's stock traded hands, compared to its average volume of 5,240,310. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.24. The stock has a market cap of $86.66 billion, a PE ratio of 14.92, a PEG ratio of 1.95 and a beta of 1.21. The stock's 50 day simple moving average is $99.02 and its two-hundred day simple moving average is $109.43. United Parcel Service, Inc. has a 52-week low of $90.55 and a 52-week high of $148.15.

United Parcel Service (NYSE:UPS - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The transportation company reported $1.49 EPS for the quarter, beating 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 company had revenue of $21.50 billion during the quarter, compared to the consensus estimate of $21.25 billion. During the same period last year, the business posted $1.43 earnings per share. United Parcel Service's revenue was down .9% on a year-over-year basis. On average, analysts forecast that United Parcel Service, Inc. will post 7.95 earnings per share for the current fiscal year.

United Parcel Service Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 5th. Shareholders of record on Monday, May 19th were issued a dividend of $1.64 per share. This represents a $6.56 annualized dividend and a yield of 6.41%. The ex-dividend date was Monday, May 19th. United Parcel Service's dividend payout ratio (DPR) is 95.63%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. HSBC downgraded United Parcel Service from a "buy" rating to a "hold" rating and set a $105.00 price objective on the stock. in a report on Thursday, May 1st. Wells Fargo & Company restated an "equal weight" rating and set a $98.00 target price (down previously from $120.00) on shares of United Parcel Service in a research report on Tuesday, April 22nd. BNP Paribas Exane upgraded United Parcel Service from an "underperform" rating to a "neutral" rating and set a $100.00 target price on the stock in a research report on Thursday, July 3rd. Galvan Research cut their target price on United Parcel Service from $147.00 to $133.00 and set a "buy" rating on the stock in a research report on Wednesday, April 9th. Finally, Susquehanna cut their target price on United Parcel Service from $120.00 to $110.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 30th. Two investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus 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.