Raymond James Financial Services Advisors Inc. Has $110.70 Million Stake in United Parcel Service, Inc. (NYSE:UPS)

Raymond James Financial Services Advisors Inc. lifted its holdings in United Parcel Service, Inc. (NYSE:UPS - Free Report) by 1.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 744,794 shares of the transportation company's stock after acquiring an additional 9,573 shares during the quarter. Raymond James Financial Services Advisors Inc. owned approximately 0.09% of United Parcel Service worth $110,699,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of UPS. Harbor Capital Advisors Inc. boosted its stake in United Parcel Service by 0.4% in the fourth quarter. Harbor Capital Advisors Inc. now owns 17,530 shares of the transportation company's stock valued at $2,756,000 after buying an additional 64 shares in the last quarter. First Financial Corp IN grew its holdings in shares of United Parcel Service by 24.2% during the 4th quarter. First Financial Corp IN now owns 334 shares of the transportation company's stock valued at $53,000 after purchasing an additional 65 shares during the last quarter. Gleason Group Inc. increased its position in United Parcel Service by 1.1% during the 4th quarter. Gleason Group Inc. now owns 6,351 shares of the transportation company's stock worth $999,000 after purchasing an additional 66 shares in the last quarter. Cullen Investment Group LTD. lifted its stake in United Parcel Service by 0.7% in the 1st quarter. Cullen Investment Group LTD. now owns 9,921 shares of the transportation company's stock valued at $1,480,000 after purchasing an additional 68 shares during the last quarter. Finally, Advisors Capital Management LLC boosted its position in United Parcel Service by 0.5% in the third quarter. Advisors Capital Management LLC now owns 15,085 shares of the transportation company's stock valued at $2,351,000 after buying an additional 69 shares in the last quarter. 60.26% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

UPS has been the subject of a number of research reports. Redburn Atlantic upgraded United Parcel Service from a "neutral" rating to a "buy" rating and set a $180.00 price target for the company in a research note on Wednesday, April 3rd. TheStreet raised United Parcel Service from a "c" rating to a "b-" rating in a research note on Tuesday, January 30th. Susquehanna raised their price objective on shares of United Parcel Service from $150.00 to $160.00 and gave the company a "neutral" rating in a report on Wednesday, April 24th. JPMorgan Chase & Co. reduced their target price on shares of United Parcel Service from $154.00 to $150.00 and set a "neutral" rating on the stock in a report on Tuesday, April 9th. Finally, Barclays decreased their price target on shares of United Parcel Service from $150.00 to $145.00 and set an "equal weight" rating for the company in a research report on Wednesday, January 31st. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, eight 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 an average target price of $165.23.

Insider Activity

In other United Parcel Service news, Director Eva C. Boratto bought 1,400 shares of the stock in a transaction that occurred on Friday, February 2nd. The shares were bought at an average price of $142.30 per share, for a total transaction of $199,220.00. Following the acquisition, the director now directly owns 1,400 shares of the company's stock, valued at approximately $199,220. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.13% of the company's stock.

United Parcel Service Stock Down 1.1 %

Shares of NYSE UPS traded down $1.62 during trading on Wednesday, hitting $145.86. 2,842,458 shares of the company traded hands, compared to its average volume of 4,269,431. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.04 and a current ratio of 1.10. The business's fifty day moving average is $149.49 and its 200 day moving average is $150.76. The firm has a market capitalization of $124.37 billion, a price-to-earnings ratio of 21.14, a P/E/G ratio of 1.70 and a beta of 1.05. United Parcel Service, Inc. has a fifty-two week low of $133.68 and a fifty-two week high of $192.98.

United Parcel Service (NYSE:UPS - Get Free Report) last announced its quarterly earnings data on Tuesday, April 23rd. The transportation company reported $1.43 EPS for the quarter, beating analysts' consensus estimates of $1.33 by $0.10. United Parcel Service had a return on equity of 37.42% and a net margin of 6.60%. The firm had revenue of $21.70 billion during the quarter, compared to analysts' expectations of $21.84 billion. During the same quarter last year, the firm posted $2.20 earnings per share. The company's revenue for the quarter was down 5.3% compared to the same quarter last year. Equities research analysts predict that United Parcel Service, Inc. will post 8.23 earnings per share for the current fiscal year.

United Parcel Service Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 30th. Shareholders of record on Monday, May 13th will be paid a $1.63 dividend. This represents a $6.52 dividend on an annualized basis and a dividend yield of 4.47%. United Parcel Service's dividend payout ratio (DPR) is 94.49%.

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.

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