United Parcel Service, Inc. (NYSE:UPS) Position Boosted by U.S. Capital Wealth Advisors LLC

U.S. Capital Wealth Advisors LLC raised its position in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 31.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 80,372 shares of the transportation company's stock after acquiring an additional 19,317 shares during the period. U.S. Capital Wealth Advisors LLC's holdings in United Parcel Service were worth $8,840,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in UPS. Norges Bank purchased a new stake in United Parcel Service during the fourth quarter valued at about $1,075,393,000. Franklin Resources Inc. lifted its stake in shares of United Parcel Service by 15.6% during the fourth 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 in the last quarter. Castlekeep Investment Advisors LLC acquired a new position in shares of United Parcel Service during the fourth quarter worth about $145,846,000. Price T Rowe Associates Inc. MD lifted its stake in shares of United Parcel Service by 19.7% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 6,463,930 shares of the transportation company's stock worth $815,102,000 after purchasing an additional 1,064,293 shares in the last quarter. Finally, Janus Henderson Group PLC lifted its stake in shares of United Parcel Service by 316.7% during the fourth quarter. Janus Henderson Group PLC now owns 1,122,886 shares of the transportation company's stock worth $141,581,000 after purchasing an additional 853,388 shares in the last quarter. Hedge funds and other institutional investors own 60.26% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have commented on the company. BNP Paribas Exane upgraded United Parcel Service from an "underperform" rating to a "neutral" rating and set a $100.00 price objective on the stock in a research note on Thursday, July 3rd. BMO Capital Markets reduced their price objective on United Parcel Service from $130.00 to $125.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 30th. Galvan Research reduced their price objective on United Parcel Service from $147.00 to $133.00 and set a "buy" rating on the stock in a research note on Wednesday, April 9th. JPMorgan Chase & Co. reduced their price objective on United Parcel Service from $110.00 to $107.00 and set a "neutral" rating on the stock in a research note on Tuesday. Finally, Susquehanna cut their price target on United Parcel Service from $120.00 to $110.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 30th. Two equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, United Parcel Service presently has an average rating of "Hold" and a consensus price target of $119.13.

United Parcel Service Stock Performance

Shares of NYSE:UPS traded down $0.04 during trading on Wednesday, hitting $102.34. 4,565,721 shares of the company traded hands, compared to its average volume of 5,248,798. The stock has a market capitalization of $86.66 billion, a price-to-earnings ratio of 14.92, a PEG ratio of 1.96 and a beta of 1.21. The business's fifty day moving average is $99.16 and its 200-day moving average is $109.38. United Parcel Service, Inc. has a one year low of $90.55 and a one year high of $148.15. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.24.

United Parcel Service (NYSE:UPS - Get Free Report) last posted its earnings results on Tuesday, April 29th. The transportation company reported $1.49 EPS for the quarter, beating 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 return on equity of 40.15% and a net margin of 6.44%. The business's revenue was down .9% compared to the same quarter last year. During the same period in the prior year, the company earned $1.43 earnings per share. As a group, equities analysts predict that United Parcel Service, Inc. will post 7.95 earnings per share for the current fiscal year.

United Parcel Service Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 5th. Investors of record on Monday, May 19th were issued a $1.64 dividend. This represents a $6.56 dividend on an annualized basis 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%.

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.