Wedmont Private Capital Purchases 265 Shares of United Parcel Service, Inc. (NYSE:UPS)

Wedmont Private Capital lifted its position in United Parcel Service, Inc. (NYSE:UPS) by 10.3% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,827 shares of the transportation company’s stock after buying an additional 265 shares during the period. Wedmont Private Capital’s holdings in United Parcel Service were worth $426,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Cox Capital Mgt LLC increased its position in shares of United Parcel Service by 19.7% in the 1st quarter. Cox Capital Mgt LLC now owns 11,486 shares of the transportation company’s stock valued at $1,707,000 after buying an additional 1,891 shares in the last quarter. Banque Cantonale Vaudoise boosted its stake in United Parcel Service by 16.1% in the 1st quarter. Banque Cantonale Vaudoise now owns 27,770 shares of the transportation company’s stock worth $4,128,000 after purchasing an additional 3,842 shares during the period. Bruce G. Allen Investments LLC boosted its stake in United Parcel Service by 8.2% in the 1st quarter. Bruce G. Allen Investments LLC now owns 1,305 shares of the transportation company’s stock worth $194,000 after purchasing an additional 99 shares during the period. Keystone Financial Planning Inc. boosted its stake in United Parcel Service by 4.6% in the 1st quarter. Keystone Financial Planning Inc. now owns 46,276 shares of the transportation company’s stock worth $6,878,000 after purchasing an additional 2,043 shares during the period. Finally, Czech National Bank boosted its stake in United Parcel Service by 0.4% in the 1st quarter. Czech National Bank now owns 127,257 shares of the transportation company’s stock worth $18,914,000 after purchasing an additional 562 shares during the period. Institutional investors own 60.26% of the company’s stock.

United Parcel Service Stock Down 0.2 %

Shares of UPS opened at $136.60 on Friday. United Parcel Service, Inc. has a 12 month low of $132.90 and a 12 month high of $192.98. The firm’s 50 day moving average is $142.34 and its 200-day moving average is $149.26. The stock has a market capitalization of $116.87 billion, a PE ratio of 19.80, a P/E/G ratio of 1.74 and a beta of 1.01. The company has a current ratio of 1.10, a quick ratio of 1.04 and a debt-to-equity ratio of 1.11.

United Parcel Service (NYSE:UPS) last announced its earnings results on Tuesday, April 23rd. The transportation company reported $1.43 EPS for the quarter, topping 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 company had revenue of $21.70 billion for the quarter, compared to analysts’ expectations of $21.84 billion. During the same period last year, the firm earned $2.20 earnings per share. The business’s revenue for the quarter was down 5.3% on a year-over-year basis. Equities research analysts forecast that United Parcel Service, Inc. will post 8.22 EPS for the current year.

United Parcel Service Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, May 30th. Investors of record on Monday, May 13th were given a dividend of $1.63 per share. The ex-dividend date was Friday, May 10th. This represents a $6.52 annualized dividend and a dividend yield of 4.77%. United Parcel Service’s dividend payout ratio is 94.49%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on UPS shares. Susquehanna increased their price objective on shares of United Parcel Service from $150.00 to $160.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 24th. TD Cowen reduced their price objective on shares of United Parcel Service from $147.00 to $140.00 and set a “hold” rating for the company in a research note on Thursday, March 28th. BMO Capital Markets increased their price objective on shares of United Parcel Service from $165.00 to $169.00 and gave the stock a “market perform” rating in a research note on Wednesday, April 24th. HSBC upgraded shares of United Parcel Service from a “hold” rating to a “buy” rating and increased their price objective for the stock from $150.00 to $170.00 in a research note on Thursday, April 25th. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on shares of United Parcel Service from $183.00 to $179.00 and set a “buy” rating for the company in a research note on Thursday, March 28th. One analyst has rated the stock with a sell rating, thirteen have given a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, United Parcel Service presently has a consensus rating of “Hold” and a consensus price target of $164.95.

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.