S.E.E.D. Planning Group LLC Boosts Holdings in United Parcel Service, Inc. (NYSE:UPS)

S.E.E.D. Planning Group LLC raised its stake in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 1,938.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 80,516 shares of the transportation company's stock after purchasing an additional 76,566 shares during the period. United Parcel Service accounts for 3.0% of S.E.E.D. Planning Group LLC's holdings, making the stock its 11th biggest position. S.E.E.D. Planning Group LLC's holdings in United Parcel Service were worth $8,856,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. IMG Wealth Management Inc. purchased a new position in United Parcel Service during the fourth quarter valued at $25,000. Generali Investments Management Co LLC acquired a new stake in shares of United Parcel Service in the fourth quarter valued at about $26,000. Pinney & Scofield Inc. acquired a new stake in shares of United Parcel Service in the fourth quarter valued at about $27,000. Fourth Dimension Wealth LLC acquired a new stake in shares of United Parcel Service in the fourth quarter valued at about $28,000. Finally, Runnymede Capital Advisors Inc. acquired a new stake in shares of United Parcel Service in the fourth quarter valued at about $30,000. 60.26% of the stock is owned by hedge funds and other institutional investors.

United Parcel Service Trading Down 0.6%

UPS stock traded down $0.60 during mid-day trading on Friday, hitting $97.50. 6,763,138 shares of the company were exchanged, compared to its average volume of 5,146,066. The company has a quick ratio of 1.14, a current ratio of 1.17 and a debt-to-equity ratio of 1.16. The firm has a market capitalization of $82.56 billion, a P/E ratio of 14.42, a PEG ratio of 1.55 and a beta of 1.23. The business has a fifty day simple moving average of $98.56 and a 200-day simple moving average of $115.10. United Parcel Service, Inc. has a 12-month low of $90.55 and a 12-month high of $148.15.

United Parcel Service (NYSE:UPS - Get Free Report) last announced its earnings results on Tuesday, April 29th. The transportation company reported $1.49 earnings per share for the quarter, topping the consensus estimate 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 6.35% and a return on equity of 39.13%. United Parcel Service's revenue was down .9% compared to the same quarter last year. During the same quarter last year, the firm posted $1.43 earnings per share. On average, equities research analysts predict that United Parcel Service, Inc. will post 7.95 earnings per share for the current fiscal year.

United Parcel Service Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 5th. Shareholders of record on Monday, May 19th will be paid a dividend of $1.64 per share. This represents a $6.56 annualized dividend and a yield of 6.73%. The ex-dividend date of this dividend is Monday, May 19th. United Parcel Service's dividend payout ratio (DPR) is presently 95.63%.

Analyst Upgrades and Downgrades

UPS has been the subject of a number of recent research reports. Oppenheimer reduced 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 report on Wednesday, April 30th. HSBC cut 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 report on Thursday, May 1st. JPMorgan Chase & Co. reduced their target price on shares of United Parcel Service from $120.00 to $115.00 and set a "neutral" rating for the company in a research report on Monday, April 7th. Bank of America increased their target price on shares of United Parcel Service from $111.00 to $115.00 and gave the company a "buy" rating in a research report on Friday, May 16th. Finally, UBS Group reduced their target price on shares of United Parcel Service from $141.00 to $127.00 and set a "buy" rating for the company in a research report on Thursday, April 3rd. Two research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $120.26.

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.