United Parcel Service, Inc. (NYSE:UPS) Shares Acquired by Eagle Bluffs Wealth Management LLC

Eagle Bluffs Wealth Management LLC raised its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 9.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,902 shares of the transportation company’s stock after purchasing an additional 587 shares during the quarter. Eagle Bluffs Wealth Management LLC’s holdings in United Parcel Service were worth $759,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Geode Capital Management LLC increased its stake in shares of United Parcel Service by 2.7% in 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 acquiring an additional 414,710 shares during the period. Franklin Resources Inc. increased its stake 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 period. FMR LLC increased its stake 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 period. Northern Trust Corp increased its stake in shares of United Parcel Service by 9.6% in the fourth quarter. Northern Trust Corp now owns 7,391,605 shares of the transportation company’s stock worth $932,081,000 after acquiring an additional 648,539 shares during the period. Finally, Price T Rowe Associates Inc. MD increased its stake in shares of United Parcel Service by 19.7% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 6,463,930 shares of the transportation company’s stock worth $815,102,000 after acquiring an additional 1,064,293 shares during the period. Institutional investors and hedge funds own 60.26% of the company’s stock.

United Parcel Service Stock Performance

Shares of United Parcel Service stock opened at $103.59 on Monday. The firm’s fifty day simple moving average is $100.01 and its 200-day simple moving average is $107.09. The stock has a market capitalization of $87.72 billion, a price-to-earnings ratio of 15.10, a PEG ratio of 1.99 and a beta of 1.21. United Parcel Service, Inc. has a 12 month low of $90.55 and a 12 month high of $145.01. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.09 and a quick ratio of 1.09.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings data 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. The company had revenue of $21.50 billion for the quarter, compared to analysts’ expectations of $21.25 billion. United Parcel Service had a net margin of 6.44% and a return on equity of 40.15%. United Parcel Service’s revenue was down .9% compared to the same quarter last year. During the same period in the previous year, the company posted $1.43 EPS. 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 Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 5th. Shareholders of record on Monday, May 19th were paid a $1.64 dividend. The ex-dividend date was Monday, May 19th. This represents a $6.56 annualized dividend and a yield of 6.33%. United Parcel Service’s dividend payout ratio is currently 95.63%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on UPS shares. Oppenheimer cut their price objective on shares of United Parcel Service from $126.00 to $114.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 30th. Wolfe Research cut their price objective on shares of United Parcel Service from $133.00 to $113.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 9th. Wall Street Zen downgraded shares of United Parcel Service from a “buy” rating to a “hold” rating in a report on Wednesday, May 7th. UBS Group lowered their price target on shares of United Parcel Service from $128.00 to $124.00 and set a “buy” rating on the stock in a report on Wednesday, July 2nd. Finally, BNP Paribas raised shares of United Parcel Service to a “hold” rating in a report on Thursday, July 3rd. Two equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $118.22.

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.