HM Payson & Co. Purchases 2,490 Shares of United Parcel Service, Inc. (NYSE:UPS)

HM Payson & Co. boosted its stake in United Parcel Service, Inc. (NYSE:UPS - Free Report) by 70.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,048 shares of the transportation company's stock after acquiring an additional 2,490 shares during the period. HM Payson & Co.'s holdings in United Parcel Service were worth $665,000 at the end of the most recent quarter.

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

Wall Street Analyst Weigh In

Several equities research analysts have commented on UPS shares. BMO Capital Markets decreased their price objective on shares of United Parcel Service from $130.00 to $125.00 and set an "outperform" rating for the company in a research note on Wednesday, April 30th. Wolfe Research dropped their price target on United Parcel Service from $133.00 to $113.00 and set an "outperform" rating on the stock in a report on Wednesday, April 9th. HSBC downgraded United Parcel Service from a "buy" rating to a "hold" rating and set a $105.00 price objective for the company. in a research note on Thursday, May 1st. BNP Paribas Exane upgraded 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. Finally, JPMorgan Chase & Co. decreased their price objective on shares of United Parcel Service from $120.00 to $115.00 and set a "neutral" rating for the company in a report on Monday, April 7th. 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 issued a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $119.29.

United Parcel Service Stock Down 3.1%

UPS traded down $3.19 during trading on Monday, reaching $100.94. The stock had a trading volume of 5,297,394 shares, compared to its average volume of 5,228,050. The stock's 50 day moving average is $98.83 and its two-hundred day moving average is $109.66. The company has a market capitalization of $85.48 billion, a price-to-earnings ratio of 14.71, a P/E/G ratio of 2.01 and a beta of 1.21. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.24. United Parcel Service, Inc. has a one year low of $90.55 and a one year high of $148.15.

United Parcel Service (NYSE:UPS - Get Free Report) last posted its quarterly earnings data 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 net margin of 6.44% and a return on equity of 40.15%. The business had revenue of $21.50 billion for the quarter, compared to analyst estimates of $21.25 billion. During the same quarter in the previous year, the firm posted $1.43 earnings per share. United Parcel Service's quarterly revenue was down .9% on a year-over-year basis. As a group, analysts expect that United Parcel Service, Inc. will post 7.95 earnings per share for the current year.

United Parcel Service Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 5th. Shareholders of record on Monday, May 19th were paid a dividend of $1.64 per share. This represents a $6.56 dividend on an annualized basis and a yield of 6.50%. The ex-dividend date was Monday, May 19th. United Parcel Service's payout ratio is 95.63%.

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.