Greenwood Capital Associates LLC Grows Stock Position in United Parcel Service, Inc. (NYSE:UPS)

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

Other institutional investors and hedge funds have also recently modified their holdings of the company. Fifth Third Bancorp boosted its holdings in shares of United Parcel Service by 29.0% in the first quarter. Fifth Third Bancorp now owns 137,822 shares of the transportation company's stock worth $15,159,000 after buying an additional 30,989 shares during the last quarter. Simon Quick Advisors LLC boosted its stake in shares of United Parcel Service by 11.1% during the 1st quarter. Simon Quick Advisors LLC now owns 4,516 shares of the transportation company's stock worth $497,000 after acquiring an additional 450 shares during the last quarter. Alpha Omega Wealth Management LLC grew its position in shares of United Parcel Service by 2.5% during the 1st quarter. Alpha Omega Wealth Management LLC now owns 7,040 shares of the transportation company's stock valued at $774,000 after acquiring an additional 175 shares during the period. McKinley Carter Wealth Services Inc. grew its position in shares of United Parcel Service by 6.3% during the 1st quarter. McKinley Carter Wealth Services Inc. now owns 11,787 shares of the transportation company's stock valued at $1,296,000 after acquiring an additional 703 shares during the period. Finally, Laurel Wealth Advisors LLC increased its stake in shares of United Parcel Service by 9.9% in the 1st quarter. Laurel Wealth Advisors LLC now owns 21,549 shares of the transportation company's stock worth $2,370,000 after purchasing an additional 1,950 shares in the last quarter. 60.26% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts recently weighed in on UPS shares. UBS Group lowered their target price on United Parcel Service from $141.00 to $127.00 and set a "buy" rating on the stock in a research report on Thursday, April 3rd. Oppenheimer lowered their price objective on 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. Bank of America increased their target price on shares of United Parcel Service from $111.00 to $115.00 and gave the stock a "buy" rating in a report on Friday, May 16th. Wall Street Zen downgraded shares of United Parcel Service from a "buy" rating to a "hold" rating in a report on Wednesday, May 7th. 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 on the stock in a research report on Monday, April 7th. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average target price of $120.26.

United Parcel Service Price Performance

NYSE:UPS traded down $1.03 during trading hours on Friday, reaching $99.89. The stock had a trading volume of 4,237,986 shares, compared to its average volume of 5,176,046. The stock has a market capitalization of $84.58 billion, a PE ratio of 14.78, a PEG ratio of 1.55 and a beta of 1.22. United Parcel Service, Inc. has a 52 week low of $90.55 and a 52 week high of $148.15. The company has a 50 day moving average price of $97.33 and a two-hundred day moving average price of $113.08. 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 announced 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 net margin of 6.35% and a return on equity of 39.13%. The company had revenue of $21.50 billion for the quarter, compared to analysts' expectations of $21.25 billion. During the same quarter in the previous year, the business posted $1.43 earnings per share. United Parcel Service's quarterly revenue was down .9% on a year-over-year basis. As a group, sell-side analysts anticipate 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 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. This represents a $6.56 annualized dividend and a dividend yield of 6.57%. The ex-dividend date of this dividend was Monday, May 19th. United Parcel Service's dividend payout ratio is 95.63%.

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.