KPP Advisory Services LLC Takes Position in United Parcel Service, Inc. (NYSE:UPS)

KPP Advisory Services LLC bought a new stake in United Parcel Service, Inc. (NYSE:UPS) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 9,671 shares of the transportation company’s stock, valued at approximately $1,064,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of UPS. Garde Capital Inc. bought a new position in shares of United Parcel Service during the 1st quarter worth approximately $37,000. Advisor Resource Council acquired a new stake in United Parcel Service during the 1st quarter valued at $437,000. CWA Asset Management Group LLC boosted its position in United Parcel Service by 5.9% during the first quarter. CWA Asset Management Group LLC now owns 3,467 shares of the transportation company’s stock worth $381,000 after purchasing an additional 193 shares during the period. Clark Capital Management Group Inc. boosted its position in United Parcel Service by 14.4% during the fourth quarter. Clark Capital Management Group Inc. now owns 11,427 shares of the transportation company’s stock worth $1,441,000 after purchasing an additional 1,440 shares during the period. Finally, LaFleur & Godfrey LLC increased its holdings in shares of United Parcel Service by 62.8% in the fourth quarter. LaFleur & Godfrey LLC now owns 6,225 shares of the transportation company’s stock valued at $785,000 after purchasing an additional 2,401 shares during the last quarter. Institutional investors own 60.26% of the company’s stock.

United Parcel Service Price Performance

Shares of NYSE:UPS opened at $99.50 on Thursday. The firm has a 50 day moving average of $98.00 and a 200-day moving average of $111.09. United Parcel Service, Inc. has a 12 month low of $90.55 and a 12 month high of $148.15. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.24. The stock has a market capitalization of $84.26 billion, a PE ratio of 14.50, a PEG ratio of 1.77 and a beta of 1.22.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings data on Tuesday, April 29th. The transportation company reported $1.49 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 business had revenue of $21.50 billion during the quarter, compared to the consensus estimate of $21.25 billion. During the same period in the previous year, the business earned $1.43 earnings per share. The company’s revenue was down .9% on a year-over-year basis. On average, equities research analysts predict that United Parcel Service, Inc. will post 7.95 EPS for the current fiscal year.

United Parcel Service Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 5th. Investors of record on Monday, May 19th were paid a $1.64 dividend. This represents a $6.56 annualized dividend and a yield of 6.59%. The ex-dividend date was Monday, May 19th. United Parcel Service’s dividend payout ratio (DPR) is presently 95.63%.

Analyst Ratings Changes

UPS has been the subject of several research analyst reports. Wells Fargo & Company reaffirmed an “equal weight” rating and set a $98.00 target price (down previously from $120.00) on shares of United Parcel Service in a report on Tuesday, April 22nd. Citigroup cut their price objective on shares of United Parcel Service from $149.00 to $123.00 and set a “buy” rating for the company in a research report on Tuesday, April 8th. Wolfe Research decreased their target price on United Parcel Service from $133.00 to $113.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 9th. Raymond James Financial lowered their target price on United Parcel Service from $145.00 to $130.00 and set a “strong-buy” rating on the stock in a research note on Wednesday, April 9th. Finally, Galvan Research reduced their price target on United Parcel Service from $147.00 to $133.00 and set a “buy” rating for the company in a research note on Wednesday, April 9th. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price 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.