Bridge Creek Capital Management LLC Purchases 1,752 Shares of United Parcel Service, Inc. (NYSE:UPS)

Bridge Creek Capital Management LLC raised its stake in United Parcel Service, Inc. (NYSE:UPS) by 5.0% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 37,045 shares of the transportation company’s stock after buying an additional 1,752 shares during the quarter. Bridge Creek Capital Management LLC’s holdings in United Parcel Service were worth $4,075,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of UPS. Vanguard Group Inc. increased its holdings in United Parcel Service by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 65,136,394 shares of the transportation company’s stock worth $8,213,699,000 after buying an additional 370,705 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in United Parcel Service by 6.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 23,264,665 shares of the transportation company’s stock worth $2,933,674,000 after purchasing an additional 1,337,058 shares during the period. Geode Capital Management LLC lifted its position in United Parcel Service by 2.7% during the fourth quarter. Geode Capital Management LLC now owns 15,704,334 shares of the transportation company’s stock worth $1,979,695,000 after purchasing an additional 414,710 shares during the period. Franklin Resources Inc. lifted its holdings in shares of United Parcel Service by 15.6% in the fourth quarter. Franklin Resources Inc. now owns 10,979,909 shares of the transportation company’s stock worth $1,384,567,000 after acquiring an additional 1,484,452 shares during the last quarter. Finally, FMR LLC lifted its holdings in shares of United Parcel Service by 2.5% in the fourth quarter. FMR LLC now owns 10,895,828 shares of the transportation company’s stock worth $1,373,964,000 after acquiring an additional 268,278 shares during the last quarter. Institutional investors own 60.26% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. Susquehanna decreased their target price on shares of United Parcel Service from $120.00 to $110.00 and set a “neutral” rating for the company in a research report on Wednesday, April 30th. Wolfe Research reduced their price objective on shares of United Parcel Service from $133.00 to $113.00 and set an “outperform” rating for the company in a research report on Wednesday, April 9th. HSBC downgraded shares of United Parcel Service from a “buy” rating to a “hold” rating and set a $105.00 price objective for the company. in a research report on Thursday, May 1st. Hsbc Global Res downgraded shares of United Parcel Service from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 1st. Finally, UBS Group reduced their price target on shares of United Parcel Service from $141.00 to $127.00 and set a “buy” rating for the company in a research report on Thursday, April 3rd. Two research analysts have rated the stock with a sell rating, thirteen have given a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $120.26.

United Parcel Service Trading Down 0.3%

NYSE UPS opened at $97.24 on Tuesday. The stock has a market capitalization of $82.35 billion, a price-to-earnings ratio of 14.39, a PEG ratio of 1.55 and a beta of 1.23. United Parcel Service, Inc. has a one year low of $90.55 and a one year high of $148.15. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.17 and a quick ratio of 1.14. The business’s fifty day moving average is $98.29 and its 200-day moving average is $114.72.

United Parcel Service (NYSE:UPS) last released its earnings results on Tuesday, April 29th. The transportation company reported $1.49 EPS for the quarter, topping analysts’ consensus estimates of $1.38 by $0.11. The company had revenue of $21.50 billion for the quarter, compared to analysts’ expectations of $21.25 billion. United Parcel Service had a return on equity of 39.13% and a net margin of 6.35%. The business’s revenue for the quarter was down .9% compared to the same quarter last year. During the same period in the previous year, the business posted $1.43 EPS. Equities research analysts predict that United Parcel Service, Inc. will post 7.95 EPS for the current year.

United Parcel Service Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 5th. Stockholders of record on Monday, May 19th will be paid a dividend of $1.64 per share. This represents a $6.56 dividend on an annualized basis and a dividend yield of 6.75%. The ex-dividend date is Monday, May 19th. United Parcel Service’s payout ratio is 95.63%.

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.