Cambridge Investment Research Advisors Inc. Has $18.36 Million Holdings in United Parcel Service, Inc. (NYSE:UPS)

Cambridge Investment Research Advisors Inc. increased its stake in United Parcel Service, Inc. (NYSE:UPS) by 12.6% in the first quarter, Holdings Channel.com reports. The firm owned 166,943 shares of the transportation company’s stock after purchasing an additional 18,692 shares during the quarter. Cambridge Investment Research Advisors Inc.’s holdings in United Parcel Service were worth $18,362,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Altus Wealth Group LLC grew its holdings in shares of United Parcel Service by 4.6% during the fourth quarter. Altus Wealth Group LLC now owns 2,022 shares of the transportation company’s stock valued at $255,000 after buying an additional 89 shares during the last quarter. Colonial Trust Co SC grew its holdings in shares of United Parcel Service by 1.4% during the fourth quarter. Colonial Trust Co SC now owns 7,227 shares of the transportation company’s stock valued at $911,000 after buying an additional 98 shares during the last quarter. Juncture Wealth Strategies LLC grew its holdings in shares of United Parcel Service by 2.5% during the first quarter. Juncture Wealth Strategies LLC now owns 4,124 shares of the transportation company’s stock valued at $454,000 after buying an additional 101 shares during the last quarter. Cohen & Steers Inc. grew its holdings in shares of United Parcel Service by 5.3% during the fourth quarter. Cohen & Steers Inc. now owns 2,054 shares of the transportation company’s stock valued at $259,000 after buying an additional 104 shares during the last quarter. Finally, Diligent Investors LLC grew its holdings in shares of United Parcel Service by 1.7% during the fourth quarter. Diligent Investors LLC now owns 6,722 shares of the transportation company’s stock valued at $848,000 after buying an additional 111 shares during the last quarter. 60.26% of the stock is owned by institutional investors and hedge funds.

United Parcel Service Stock Performance

Shares of UPS stock opened at $100.43 on Tuesday. The firm has a market cap of $85.04 billion, a price-to-earnings ratio of 14.64, a P/E/G ratio of 1.74 and a beta of 1.22. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.09 and a current ratio of 1.09. United Parcel Service, Inc. has a 52 week low of $90.55 and a 52 week high of $148.15. The firm’s 50-day simple moving average is $97.81 and its two-hundred day simple moving average is $111.24.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings results on Tuesday, April 29th. The transportation company reported $1.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.38 by $0.11. United Parcel Service had a net margin of 6.44% and a return on equity of 40.15%. The company had revenue of $21.50 billion for the quarter, compared to analyst estimates of $21.25 billion. During the same quarter in the previous year, the firm posted $1.43 earnings per share. The company’s quarterly revenue was down .9% compared to the same quarter last year. As a group, equities analysts forecast that United Parcel Service, Inc. will post 7.95 earnings per share for the current year.

United Parcel Service Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 5th. Stockholders of record on Monday, May 19th were given a $1.64 dividend. This represents a $6.56 annualized dividend and a dividend yield of 6.53%. The ex-dividend date of this dividend was Monday, May 19th. United Parcel Service’s dividend payout ratio (DPR) is currently 95.63%.

Analyst Ratings Changes

UPS has been the topic of several analyst reports. Susquehanna cut their price target on shares of United Parcel Service from $120.00 to $110.00 and set a “neutral” rating on the stock in a report on Wednesday, April 30th. Bank of America boosted their price target on shares of United Parcel Service from $111.00 to $115.00 and gave the stock a “buy” rating in a report on Friday, May 16th. Galvan Research cut their price target on shares of United Parcel Service from $147.00 to $133.00 and set a “buy” rating on the stock in a report on Wednesday, April 9th. Oppenheimer cut their price target on shares of United Parcel Service from $126.00 to $114.00 and set an “outperform” rating on the stock in a report on Wednesday, April 30th. Finally, UBS Group cut their price target on shares of United Parcel Service from $141.00 to $127.00 and set a “buy” rating on the stock in a report on Thursday, April 3rd. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $120.26.

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.