United Parcel Service, Inc. (NYSE:UPS) Shares Bought by Greenwood Capital Associates LLC

Greenwood Capital Associates LLC increased its position in United Parcel Service, Inc. (NYSE:UPS - Free Report) by 94.1% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 10,676 shares of the transportation company's stock after buying an additional 5,176 shares during the period. Greenwood Capital Associates LLC's holdings in United Parcel Service were worth $1,174,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. IMG Wealth Management Inc. bought a new position in shares of United Parcel Service in the 4th quarter valued at about $25,000. Generali Investments Management Co LLC bought a new position in shares of United Parcel Service in the 4th quarter valued at about $26,000. Pinney & Scofield Inc. bought a new position in shares of United Parcel Service in the 4th quarter valued at about $27,000. Fourth Dimension Wealth LLC purchased a new stake in United Parcel Service in the 4th quarter worth about $28,000. Finally, Runnymede Capital Advisors Inc. purchased a new stake in United Parcel Service in the 4th quarter worth about $30,000. Institutional investors own 60.26% of the company's stock.

Wall Street Analysts Forecast Growth

UPS has been the topic of a number of recent analyst reports. Wolfe Research reduced their price objective on shares of United Parcel Service from $133.00 to $113.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 9th. Oppenheimer reduced their target price on shares of United Parcel Service from $126.00 to $114.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 30th. Barclays reduced their target price on shares of United Parcel Service from $100.00 to $90.00 and set an "underweight" rating on the stock in a research report on Monday, March 31st. Citigroup reduced their target price on shares of United Parcel Service from $149.00 to $123.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. Finally, Deutsche Bank Aktiengesellschaft began coverage on shares of United Parcel Service in a research report on Friday, March 7th. They set a "hold" rating and a $119.00 target price on the stock. Two research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $120.26.

United Parcel Service Trading Up 1.1%

United Parcel Service stock traded up $1.07 during trading on Monday, reaching $101.07. The company had a trading volume of 4,288,322 shares, compared to its average volume of 5,178,028. United Parcel Service, Inc. has a 12-month low of $90.55 and a 12-month high of $148.15. The stock's 50 day moving average price is $97.68 and its two-hundred day moving average price is $112.27. The firm has a market capitalization of $85.59 billion, a price-to-earnings ratio of 14.95, a PEG ratio of 1.55 and a beta of 1.22. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.14 and a current ratio of 1.17.

United Parcel Service (NYSE:UPS - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The transportation company reported $1.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.38 by $0.11. United Parcel Service had a net margin of 6.35% and a return on equity of 39.13%. The company had revenue of $21.50 billion during the quarter, compared to the consensus estimate of $21.25 billion. During the same period in the previous year, the firm earned $1.43 earnings per share. United Parcel Service's revenue for the quarter was down .9% on a year-over-year basis. As a group, equities analysts expect that United Parcel Service, Inc. will post 7.95 earnings per share for the current fiscal year.

United Parcel Service Announces Dividend

The company 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 of this dividend was Monday, May 19th. This represents a $6.56 dividend on an annualized basis and a dividend yield of 6.49%. United Parcel Service's payout ratio is currently 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.