Capital Management Corp VA Increases Holdings in United Parcel Service, Inc. (NYSE:UPS)

Capital Management Corp VA increased its position in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 23.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 60,311 shares of the transportation company's stock after purchasing an additional 11,377 shares during the quarter. Capital Management Corp VA's holdings in United Parcel Service were worth $6,634,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Generali Investments Management Co LLC acquired a new position in United Parcel Service during the fourth quarter worth about $26,000. Pinney & Scofield Inc. acquired a new position in United Parcel Service during the fourth quarter worth about $27,000. Fourth Dimension Wealth LLC acquired a new position in United Parcel Service during the fourth quarter worth about $28,000. Runnymede Capital Advisors Inc. acquired a new position in United Parcel Service during the fourth quarter worth about $30,000. Finally, Graybill Wealth Management LTD. acquired a new position in United Parcel Service during the first quarter worth about $26,000. Institutional investors own 60.26% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. Raymond James Financial lowered their price objective on United Parcel Service from $145.00 to $130.00 and set a "strong-buy" rating for the company in a research note on Wednesday, April 9th. Stifel Nicolaus decreased their target price on shares of United Parcel Service from $145.00 to $124.00 and set a "buy" rating for the company in a research report on Wednesday, April 30th. Barclays decreased their target price 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. BNP Paribas Exane raised shares of United Parcel Service from an "underperform" rating to a "neutral" rating and set a $100.00 target price for the company in a research report on Thursday, July 3rd. Finally, BNP Paribas raised shares of United Parcel Service to a "hold" rating in a research report on Thursday, July 3rd. Two investment 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. According to data from MarketBeat, United Parcel Service currently has an average rating of "Hold" and an average target price of $119.13.

United Parcel Service Stock Performance

Shares of United Parcel Service stock traded down $0.29 during trading hours on Friday, hitting $99.21. 4,569,313 shares of the company's stock traded hands, compared to its average volume of 5,264,897. United Parcel Service, Inc. has a 12-month low of $90.55 and a 12-month high of $146.17. The stock has a market capitalization of $84.01 billion, a price-to-earnings ratio of 14.46, a PEG ratio of 1.91 and a beta of 1.21. The company has a fifty day simple moving average of $99.85 and a 200-day simple moving average of $108.14. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.09 and a quick ratio of 1.09.

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 (EPS) for the quarter, beating the consensus estimate 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 firm had revenue of $21.50 billion during the quarter, compared to analyst estimates of $21.25 billion. During the same period last year, the firm posted $1.43 EPS. The business's revenue was down .9% compared to the same quarter last year. Equities research analysts anticipate that United Parcel Service, Inc. will post 7.95 EPS for the current fiscal year.

United Parcel Service Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, June 5th. Shareholders of record on Monday, May 19th were paid a $1.64 dividend. The ex-dividend date was Monday, May 19th. This represents a $6.56 annualized dividend and a yield of 6.61%. United Parcel Service's dividend payout ratio is currently 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.