HM Payson & Co. Grows Stock Holdings in United Parcel Service, Inc. (NYSE:UPS)

HM Payson & Co. raised its stake in United Parcel Service, Inc. (NYSE:UPS - Free Report) by 70.0% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 6,048 shares of the transportation company's stock after purchasing an additional 2,490 shares during the quarter. HM Payson & Co.'s holdings in United Parcel Service were worth $665,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. IMG Wealth Management Inc. bought a new position in shares of United Parcel Service during the fourth quarter valued at approximately $25,000. Generali Investments Management Co LLC purchased a new stake in United Parcel Service in the fourth quarter worth $26,000. Pinney & Scofield Inc. purchased a new stake in United Parcel Service in the fourth quarter worth $27,000. Citizens National Bank Trust Department grew its stake in United Parcel Service by 525.0% in the first quarter. Citizens National Bank Trust Department now owns 250 shares of the transportation company's stock worth $27,000 after purchasing an additional 210 shares during the period. Finally, Fourth Dimension Wealth LLC purchased a new stake in United Parcel Service in the fourth quarter worth $28,000. Institutional investors own 60.26% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. Hsbc Global Res cut United Parcel Service from a "strong-buy" rating to a "hold" rating in a research note on Thursday, May 1st. Bank of America increased their target price on United Parcel Service from $111.00 to $115.00 and gave the stock a "buy" rating in a research note on Friday, May 16th. BNP Paribas Exane raised 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. Raymond James Financial cut their target price on United Parcel Service from $145.00 to $130.00 and set a "strong-buy" rating on the stock in a research note on Wednesday, April 9th. Finally, Oppenheimer cut their target price on United Parcel Service from $126.00 to $114.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 30th. Two investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, United Parcel Service currently has a consensus rating of "Hold" and a consensus price target of $119.29.

United Parcel Service Trading Down 2.2%

UPS traded down $2.25 during trading hours on Monday, reaching $101.88. 1,727,480 shares of the company's stock traded hands, compared to its average volume of 6,029,558. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.24. The firm has a 50-day moving average price of $98.83 and a 200 day moving average price of $109.66. The firm has a market capitalization of $86.28 billion, a PE ratio of 14.84, a PEG ratio of 2.01 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.

United Parcel Service (NYSE:UPS - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The transportation company reported $1.49 EPS for the quarter, topping 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 in the previous year, the company posted $1.43 EPS. The business's revenue for the quarter was down .9% compared to the same quarter last year. As a group, sell-side analysts predict that United Parcel Service, Inc. will post 7.95 EPS for the current fiscal year.

United Parcel Service Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, June 5th. Stockholders of record on Monday, May 19th were paid a $1.64 dividend. The ex-dividend date of this dividend was Monday, May 19th. This represents a $6.56 dividend on an annualized basis and a dividend yield of 6.44%. United Parcel Service's payout ratio 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.