HM Payson & Co. Has $665,000 Position in United Parcel Service, Inc. (NYSE:UPS)

HM Payson & Co. increased its holdings in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 70.0% in the first quarter, according to the company in 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 buying 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.

Several other large investors have also bought and sold shares of UPS. Vanguard Group Inc. grew its position in shares of United Parcel Service by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 65,136,394 shares of the transportation company's stock worth $8,213,699,000 after buying an additional 370,705 shares during the period. Geode Capital Management LLC increased its stake in United Parcel Service by 2.7% in the fourth quarter. Geode Capital Management LLC now owns 15,704,334 shares of the transportation company's stock valued at $1,979,695,000 after purchasing an additional 414,710 shares in the last quarter. Franklin Resources Inc. raised its stake in United Parcel Service by 15.6% during the 4th quarter. Franklin Resources Inc. now owns 10,979,909 shares of the transportation company's stock worth $1,384,567,000 after buying an additional 1,484,452 shares during the period. FMR LLC lifted its holdings in United Parcel Service by 2.5% during the fourth quarter. FMR LLC now owns 10,895,828 shares of the transportation company's stock worth $1,373,964,000 after acquiring an additional 268,278 shares in the last quarter. Finally, Amundi increased its holdings in shares of United Parcel Service by 14.6% in the fourth quarter. Amundi now owns 10,040,863 shares of the transportation company's stock worth $1,272,600,000 after acquiring an additional 1,277,328 shares in the last quarter. 60.26% of the stock is currently owned by institutional investors and hedge funds.

United Parcel Service Stock Down 1.2%

Shares of NYSE:UPS traded down $1.30 during midday trading on Friday, hitting $104.24. The stock had a trading volume of 2,961,254 shares, compared to its average volume of 5,227,763. The company has a market cap of $88.27 billion, a P/E ratio of 15.20, a PEG ratio of 2.01 and a beta of 1.21. United Parcel Service, Inc. has a 12 month low of $90.55 and a 12 month high of $148.15. The business's 50-day simple moving average is $98.83 and its 200-day simple moving average is $109.75. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.24.

United Parcel Service (NYSE:UPS - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The transportation company reported $1.49 EPS for the quarter, beating analysts' consensus estimates 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 company had revenue of $21.50 billion during the quarter, compared to the consensus estimate of $21.25 billion. During the same quarter last year, the firm posted $1.43 EPS. The company's quarterly revenue was down .9% on a year-over-year basis. On average, sell-side analysts forecast that United Parcel Service, Inc. will post 7.95 earnings per share 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 given a dividend of $1.64 per share. The ex-dividend date was Monday, May 19th. This represents a $6.56 dividend on an annualized basis and a dividend yield of 6.29%. United Parcel Service's payout ratio is 95.63%.

Wall Street Analyst Weigh In

UPS has been the subject of several research analyst reports. Loop Capital decreased their price objective on United Parcel Service from $115.00 to $105.00 and set a "hold" rating for the company in a research report on Wednesday, April 30th. BNP Paribas Exane raised shares of United Parcel Service from an "underperform" rating to a "neutral" rating and set a $100.00 price target on the stock in a research note on Thursday. Wolfe Research lowered their price objective on shares of United Parcel Service from $133.00 to $113.00 and set an "outperform" rating for the company in a research report on Wednesday, April 9th. Hsbc Global Res lowered shares of United Parcel Service from a "strong-buy" rating to a "hold" rating in a report on Thursday, May 1st. Finally, Bank of America boosted their price objective on shares of United Parcel Service from $111.00 to $115.00 and gave the company a "buy" rating in a research report on Friday, May 16th. Two analysts have rated the stock with a sell rating, fifteen have issued a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $119.29.

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.