United Parcel Service, Inc. (NYSE:UPS) Shares Acquired by Breakwater Capital Group

Breakwater Capital Group raised its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 2.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,605 shares of the transportation company’s stock after purchasing an additional 95 shares during the quarter. Breakwater Capital Group’s holdings in United Parcel Service were worth $536,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of UPS. Chesapeake Wealth Management increased its stake in shares of United Parcel Service by 1.3% in the third quarter. Chesapeake Wealth Management now owns 7,886 shares of the transportation company’s stock worth $1,229,000 after acquiring an additional 103 shares during the period. Cerity Partners LLC increased its stake in shares of United Parcel Service by 13.1% in the fourth quarter. Cerity Partners LLC now owns 387,381 shares of the transportation company’s stock worth $60,908,000 after acquiring an additional 44,721 shares during the period. CapWealth Advisors LLC increased its stake in shares of United Parcel Service by 1.2% in the fourth quarter. CapWealth Advisors LLC now owns 58,184 shares of the transportation company’s stock worth $9,148,000 after acquiring an additional 686 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of United Parcel Service by 5.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,676,441 shares of the transportation company’s stock worth $578,053,000 after acquiring an additional 200,297 shares during the period. Finally, KLCM Advisors Inc. acquired a new stake in shares of United Parcel Service in the fourth quarter worth $2,410,000. Institutional investors and hedge funds own 60.26% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Bank of America increased their price objective on shares of United Parcel Service from $157.00 to $160.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 24th. Oppenheimer increased their price objective on shares of United Parcel Service from $153.00 to $157.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 24th. Wells Fargo & Company started coverage on shares of United Parcel Service in a report on Friday, June 7th. They set an “overweight” rating and a $156.00 price target on the stock. HSBC raised shares of United Parcel Service from a “hold” rating to a “buy” rating and increased their price target for the stock from $150.00 to $170.00 in a report on Thursday, April 25th. Finally, Stifel Nicolaus lowered their price target on shares of United Parcel Service from $178.00 to $170.00 and set a “buy” rating on the stock in a report on Thursday, March 28th. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, United Parcel Service presently has a consensus rating of “Hold” and a consensus target price of $164.55.

United Parcel Service Price Performance

Shares of NYSE UPS opened at $136.85 on Monday. The firm has a 50-day simple moving average of $141.71 and a 200-day simple moving average of $148.50. The stock has a market capitalization of $117.08 billion, a price-to-earnings ratio of 19.83, a price-to-earnings-growth ratio of 1.74 and a beta of 0.98. The company has a quick ratio of 1.04, a current ratio of 1.10 and a debt-to-equity ratio of 1.11. United Parcel Service, Inc. has a 52 week low of $132.90 and a 52 week high of $192.98.

United Parcel Service (NYSE:UPS) last issued its earnings results on Tuesday, April 23rd. The transportation company reported $1.43 EPS for the quarter, beating analysts’ consensus estimates of $1.33 by $0.10. The business had revenue of $21.70 billion during the quarter, compared to analysts’ expectations of $21.84 billion. United Parcel Service had a net margin of 6.60% and a return on equity of 37.42%. The company’s quarterly revenue was down 5.3% compared to the same quarter last year. During the same period in the prior year, the business earned $2.20 earnings per share. On average, equities analysts predict that United Parcel Service, Inc. will post 8.22 earnings per share for the current fiscal year.

United Parcel Service Announces Dividend

The company also recently disclosed 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. This represents a $6.52 annualized dividend and a yield of 4.76%. The ex-dividend date of this dividend was Friday, May 10th. United Parcel Service’s payout ratio 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.