BKM Wealth Management LLC Grows Stake in United Parcel Service, Inc. (NYSE:UPS)

BKM Wealth Management LLC boosted its position in United Parcel Service, Inc. (NYSE:UPS) by 21.6% in the 1st quarter, Holdings Channel reports. The firm owned 761 shares of the transportation company’s stock after buying an additional 135 shares during the quarter. BKM Wealth Management LLC’s holdings in United Parcel Service were worth $113,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the company. Harbor Capital Advisors Inc. lifted 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 worth $2,756,000 after purchasing an additional 64 shares during the last quarter. First Financial Corp IN lifted its stake in United Parcel Service by 24.2% in the fourth quarter. First Financial Corp IN now owns 334 shares of the transportation company’s stock worth $53,000 after purchasing an additional 65 shares during the last quarter. Gleason Group Inc. lifted its stake in United Parcel Service by 1.1% in the fourth quarter. Gleason Group Inc. now owns 6,351 shares of the transportation company’s stock worth $999,000 after purchasing an additional 66 shares during the last quarter. Cullen Investment Group LTD. raised its stake in shares of United Parcel Service by 0.7% during the first quarter. Cullen Investment Group LTD. now owns 9,921 shares of the transportation company’s stock valued at $1,480,000 after acquiring an additional 68 shares in the last quarter. Finally, Advisors Capital Management LLC raised its stake in shares of United Parcel Service by 0.5% during the third quarter. Advisors Capital Management LLC now owns 15,085 shares of the transportation company’s stock valued at $2,351,000 after acquiring an additional 69 shares in the last quarter. Institutional investors own 60.26% of the company’s stock.

Wall Street Analysts Forecast Growth

UPS has been the subject of several research analyst reports. Susquehanna lifted their price target on shares of United Parcel Service from $150.00 to $160.00 and gave the company a “neutral” rating in a research note on Wednesday, April 24th. Deutsche Bank Aktiengesellschaft decreased their price target 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. HSBC raised shares of United Parcel Service from a “hold” rating to a “buy” rating and lifted their price target for the company from $150.00 to $170.00 in a research note on Thursday, April 25th. Morgan Stanley lifted their price target 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. Finally, JPMorgan Chase & Co. cut their price objective 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. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, United Parcel Service currently has a consensus rating of “Hold” and a consensus target price of $164.55.

United Parcel Service Trading Down 0.7 %

NYSE UPS opened at $135.95 on Tuesday. The company has a market capitalization of $116.31 billion, a PE ratio of 19.70, a P/E/G ratio of 1.74 and a beta of 0.98. The company has a fifty day moving average of $141.71 and a 200 day moving average of $148.50. United Parcel Service, Inc. has a 1 year low of $132.90 and a 1 year high of $192.98. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.10 and a quick ratio of 1.04.

United Parcel Service (NYSE:UPS) last posted its earnings results on Tuesday, April 23rd. The transportation company reported $1.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.33 by $0.10. The company had revenue of $21.70 billion during the quarter, compared to the consensus estimate of $21.84 billion. United Parcel Service had a net margin of 6.60% and a return on equity of 37.42%. The firm’s quarterly revenue was down 5.3% on a year-over-year basis. During the same period in the previous year, the firm posted $2.20 earnings per share. Research analysts forecast that United Parcel Service, Inc. will post 8.22 earnings per share for the current year.

United Parcel Service Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 30th. Shareholders of record on Monday, May 13th were given a $1.63 dividend. The ex-dividend date was Friday, May 10th. This represents a $6.52 dividend on an annualized basis and a dividend yield of 4.80%. United Parcel Service’s dividend payout ratio (DPR) is currently 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.