CapWealth Advisors LLC Has $10.51 Million Stock Position in United Parcel Service, Inc. (NYSE:UPS)

CapWealth Advisors LLC grew its stake in United Parcel Service, Inc. (NYSE:UPS - Free Report) by 14.0% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 95,591 shares of the transportation company's stock after purchasing an additional 11,717 shares during the quarter. CapWealth Advisors LLC's holdings in United Parcel Service were worth $10,514,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Altus Wealth Group LLC lifted its holdings in United Parcel Service by 4.6% during the fourth quarter. Altus Wealth Group LLC now owns 2,022 shares of the transportation company's stock worth $255,000 after acquiring an additional 89 shares in the last quarter. Colonial Trust Co SC increased its holdings in United Parcel Service by 1.4% during the 4th quarter. Colonial Trust Co SC now owns 7,227 shares of the transportation company's stock worth $911,000 after purchasing an additional 98 shares in the last quarter. Juncture Wealth Strategies LLC increased its holdings in United Parcel Service by 2.5% during the 1st quarter. Juncture Wealth Strategies LLC now owns 4,124 shares of the transportation company's stock worth $454,000 after purchasing an additional 101 shares in the last quarter. TCV Trust & Wealth Management Inc. increased its holdings in United Parcel Service by 1.4% during the 1st quarter. TCV Trust & Wealth Management Inc. now owns 7,544 shares of the transportation company's stock worth $830,000 after purchasing an additional 103 shares in the last quarter. Finally, Cohen & Steers Inc. increased its holdings in United Parcel Service by 5.3% during the 4th quarter. Cohen & Steers Inc. now owns 2,054 shares of the transportation company's stock worth $259,000 after purchasing an additional 104 shares in the last quarter. Institutional investors and hedge funds own 60.26% of the company's stock.

United Parcel Service Stock Performance

NYSE:UPS traded down $1.63 during mid-day trading on Friday, hitting $101.29. The stock had a trading volume of 4,337,400 shares, compared to its average volume of 5,255,610. United Parcel Service, Inc. has a twelve month low of $90.55 and a twelve month high of $148.15. The stock has a market cap of $85.77 billion, a price-to-earnings ratio of 14.77, a PEG ratio of 1.98 and a beta of 1.21. The company's 50 day simple moving average is $99.42 and its 200 day simple moving average is $109.05. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.09 and a current ratio of 1.09.

United Parcel Service (NYSE:UPS - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The transportation company reported $1.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.38 by $0.11. United Parcel Service had a net margin of 6.44% and a return on equity of 40.15%. The firm 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. The business's revenue for the quarter was down .9% compared to the same quarter last year. On average, equities research analysts forecast that United Parcel Service, Inc. will post 7.95 earnings per share for the current year.

United Parcel Service Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 5th. Stockholders of record on Monday, May 19th were issued a dividend of $1.64 per share. This represents a $6.56 dividend on an annualized basis and a dividend yield of 6.48%. The ex-dividend date of this dividend was Monday, May 19th. United Parcel Service's dividend payout ratio is presently 95.63%.

Analysts Set New Price Targets

UPS has been the subject of a number of research reports. Susquehanna lowered their target price on United Parcel Service from $120.00 to $110.00 and set a "neutral" rating for the company in a report on Wednesday, April 30th. Hsbc Global Res cut United Parcel Service from a "strong-buy" rating to a "hold" rating in a report on Thursday, May 1st. BNP Paribas upgraded United Parcel Service to a "hold" rating in a report on Thursday, July 3rd. Barclays lowered their target price on United Parcel Service from $100.00 to $90.00 and set an "underweight" rating for the company in a report on Monday, March 31st. Finally, HSBC cut United Parcel Service from a "buy" rating to a "hold" rating and set a $105.00 price objective for the company. in a report on Thursday, May 1st. Two equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, United Parcel Service presently has an average rating of "Hold" and an average price target 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.