United Parcel Service, Inc. (NYSE:UPS) Position Lifted by Wambolt & Associates LLC

Wambolt & Associates LLC boosted its stake in United Parcel Service, Inc. (NYSE:UPS - Free Report) by 30.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 45,866 shares of the transportation company's stock after acquiring an additional 10,811 shares during the quarter. United Parcel Service accounts for 1.3% of Wambolt & Associates LLC's portfolio, making the stock its 5th largest position. Wambolt & Associates LLC's holdings in United Parcel Service were worth $7,212,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of UPS. OFI Invest Asset Management bought a new stake in United Parcel Service during the 3rd quarter worth about $25,000. Tennessee Valley Asset Management Partners acquired a new position in United Parcel Service during the fourth quarter valued at approximately $26,000. Life Planning Partners Inc bought a new position in United Parcel Service in the fourth quarter valued at approximately $28,000. Northwest Financial Advisors acquired a new position in shares of United Parcel Service during the 4th quarter worth approximately $28,000. Finally, Bourgeon Capital Management LLC bought a new stake in shares of United Parcel Service during the 4th quarter worth approximately $31,000. Institutional investors and hedge funds own 60.26% of the company's stock.

United Parcel Service Trading Up 0.6 %

Shares of UPS stock traded up $0.93 on Friday, hitting $147.37. The company had a trading volume of 2,504,551 shares, compared to its average volume of 3,473,430. The stock's 50-day moving average is $149.34 and its two-hundred day moving average is $150.49. 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 firm has a market cap of $125.66 billion, a P/E ratio of 21.36, a P/E/G ratio of 1.69 and a beta of 1.05. United Parcel Service, Inc. has a twelve month low of $133.68 and a twelve month high of $192.98.

United Parcel Service (NYSE:UPS - Get Free Report) last released its earnings results on Tuesday, April 23rd. The transportation company reported $1.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.33 by $0.10. United Parcel Service had a net margin of 6.60% and a return on equity of 37.42%. The business had revenue of $21.70 billion for the quarter, compared to analyst estimates of $21.84 billion. During the same quarter in the previous year, the business earned $2.20 earnings per share. United Parcel Service's revenue for the quarter was down 5.3% on a year-over-year basis. On average, equities research analysts anticipate that United Parcel Service, Inc. will post 8.22 earnings per share for the current fiscal year.

United Parcel Service Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 30th. Stockholders of record on Monday, May 13th will be given a dividend of $1.63 per share. The ex-dividend date of this dividend is Friday, May 10th. This represents a $6.52 dividend on an annualized basis and a dividend yield of 4.42%. United Parcel Service's dividend payout ratio (DPR) is presently 94.49%.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on UPS. Raymond James dropped their price target on shares of United Parcel Service from $185.00 to $175.00 and set a "strong-buy" rating on the stock in a research report on Wednesday, January 31st. Morgan Stanley raised their target price on shares of United Parcel Service from $95.00 to $100.00 and gave the company an "underweight" rating in a research note on Wednesday, March 27th. TD Cowen lowered their price target on United Parcel Service from $147.00 to $140.00 and set a "hold" rating on the stock in a research report on Thursday, March 28th. HSBC raised United Parcel Service from a "hold" rating to a "buy" rating and raised their price objective for the company from $150.00 to $170.00 in a research report on Thursday, April 25th. Finally, TheStreet upgraded United Parcel Service from a "c" rating to a "b-" rating in a research note on Tuesday, January 30th. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, United Parcel Service has a consensus rating of "Hold" and a consensus price target of $165.23.

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.