CapWealth Advisors LLC Increases Stake in United Parcel Service, Inc. (NYSE:UPS)

CapWealth Advisors LLC raised 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 13F filing with the Securities & Exchange Commission. The fund 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 quarter.

A number of other hedge funds also recently made changes to their positions in the stock. Garde Capital Inc. bought a new stake in shares of United Parcel Service in the 1st quarter worth about $37,000. Golden State Wealth Management LLC boosted its stake in United Parcel Service by 61.3% during the 1st quarter. Golden State Wealth Management LLC now owns 1,576 shares of the transportation company's stock valued at $173,000 after purchasing an additional 599 shares during the period. CWA Asset Management Group LLC boosted its stake in United Parcel Service by 5.9% during the 1st quarter. CWA Asset Management Group LLC now owns 3,467 shares of the transportation company's stock valued at $381,000 after purchasing an additional 193 shares during the period. Advisor Resource Council bought a new position in shares of United Parcel Service in the first quarter valued at approximately $437,000. Finally, Clark Capital Management Group Inc. boosted its holdings in shares of United Parcel Service by 14.4% in the fourth quarter. Clark Capital Management Group Inc. now owns 11,427 shares of the transportation company's stock valued at $1,441,000 after acquiring an additional 1,440 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 $0.04 on Wednesday, reaching $102.34. 4,565,721 shares of the company's stock were exchanged, compared to its average volume of 5,248,798. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.09 and a quick ratio of 1.09. The firm has a market cap of $86.66 billion, a price-to-earnings ratio of 14.92, a P/E/G ratio of 1.96 and a beta of 1.21. United Parcel Service, Inc. has a 52 week low of $90.55 and a 52 week high of $148.15. The stock has a fifty day simple moving average of $99.02 and a 200-day simple moving average of $109.43.

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, beating analysts' consensus estimates of $1.38 by $0.11. The business had revenue of $21.50 billion for the quarter, compared to the consensus estimate of $21.25 billion. United Parcel Service had a net margin of 6.44% and a return on equity of 40.15%. United Parcel Service's quarterly revenue was down .9% on a year-over-year basis. During the same period last year, the firm posted $1.43 earnings per share. As a group, sell-side analysts predict 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 announced a quarterly dividend, which was paid on Thursday, June 5th. Investors of record on Monday, May 19th were paid a $1.64 dividend. This represents a $6.56 annualized dividend and a dividend yield of 6.41%. The ex-dividend date was Monday, May 19th. United Parcel Service's payout ratio is 95.63%.

Analyst Upgrades and Downgrades

UPS has been the subject of several recent research reports. Wolfe Research cut their target price on shares of United Parcel Service from $133.00 to $113.00 and set an "outperform" rating for the company in a research note on Wednesday, April 9th. Barclays dropped their price objective on shares of United Parcel Service from $100.00 to $90.00 and set an "underweight" rating on the stock in a research note on Monday, March 31st. Hsbc Global Res lowered shares of United Parcel Service from a "strong-buy" rating to a "hold" rating in a research note on Thursday, May 1st. BNP Paribas Exane upgraded shares of United Parcel Service from an "underperform" rating to a "neutral" rating and set a $100.00 target price on the stock in a research note on Thursday, July 3rd. Finally, HSBC downgraded shares of United Parcel Service from a "buy" rating to a "hold" rating and set a $105.00 price target for the company. in a report on Thursday, May 1st. Two analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, United Parcel Service has an average rating of "Hold" and an average price target of $119.13.

About United Parcel Service

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.