United Parcel Service, Inc. (NYSE:UPS) Shares Acquired by Mutual Advisors LLC

Mutual Advisors LLC lifted its holdings in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 57.6% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 59,039 shares of the transportation company's stock after buying an additional 21,584 shares during the period. Mutual Advisors LLC's holdings in United Parcel Service were worth $6,494,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. Altus Wealth Group LLC raised its stake in shares of United Parcel Service by 4.6% during the 4th quarter. Altus Wealth Group LLC now owns 2,022 shares of the transportation company's stock worth $255,000 after buying an additional 89 shares in the last quarter. Colonial Trust Co SC raised its stake in shares of 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 buying an additional 98 shares in the last quarter. Juncture Wealth Strategies LLC raised its stake in shares of 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 buying an additional 101 shares in the last quarter. TCV Trust & Wealth Management Inc. raised its stake in shares of 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 buying an additional 103 shares in the last quarter. Finally, Cohen & Steers Inc. raised its stake in shares of 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 buying an additional 104 shares in the last quarter. 60.26% of the stock is owned by hedge funds and other institutional investors.

United Parcel Service Price Performance

United Parcel Service stock traded down $1.30 during mid-day trading on Friday, hitting $104.24. 2,961,254 shares of the company were exchanged, compared to its average volume of 5,227,763. 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 business's 50 day simple moving average is $98.83 and its two-hundred day simple moving average is $109.84. The company has a market capitalization 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.

United Parcel Service (NYSE:UPS - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The transportation company reported $1.49 earnings per share 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 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 business posted $1.43 earnings per share. United Parcel Service's revenue was down .9% compared to the same quarter last year. Analysts forecast that United Parcel Service, Inc. will post 7.95 earnings per share for the current fiscal year.

United Parcel Service Dividend Announcement

The firm 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 annualized dividend and a dividend yield of 6.29%. The ex-dividend date was Monday, May 19th. United Parcel Service's dividend payout ratio (DPR) is 95.63%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on UPS. Oppenheimer cut their target price on United Parcel Service from $126.00 to $114.00 and set an "outperform" rating for the company in a research note on Wednesday, April 30th. Raymond James Financial dropped their price objective on United Parcel Service from $145.00 to $130.00 and set a "strong-buy" rating for the company in a research note on Wednesday, April 9th. Barclays dropped their price objective on United Parcel Service from $100.00 to $90.00 and set an "underweight" rating for the company in a research note on Monday, March 31st. Wall Street Zen downgraded United Parcel Service from a "buy" rating to a "hold" rating in a research note on Wednesday, May 7th. Finally, Wolfe Research dropped their price objective on 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. Two research 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 stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $119.29.

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.