Kercheville Advisors LLC Grows Stock Holdings in United Parcel Service, Inc. (NYSE:UPS)

Kercheville Advisors LLC grew its holdings in United Parcel Service, Inc. (NYSE:UPS) by 69.3% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,687 shares of the transportation company’s stock after buying an additional 1,100 shares during the period. Kercheville Advisors LLC’s holdings in United Parcel Service were worth $296,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the business. Allspring Global Investments Holdings LLC increased its stake in United Parcel Service by 27.2% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 131,623 shares of the transportation company’s stock worth $16,304,000 after acquiring an additional 28,108 shares during the last quarter. Clark Capital Management Group Inc. boosted its holdings in shares of United Parcel Service by 14.4% in the 4th 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. LaFleur & Godfrey LLC increased its position in shares of United Parcel Service by 62.8% during the 4th 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. Argyle Capital Management LLC raised its holdings in United Parcel Service by 11.4% during the 4th quarter. Argyle Capital Management LLC now owns 26,428 shares of the transportation company’s stock valued at $3,333,000 after buying an additional 2,695 shares during the period. Finally, Brighton Jones LLC lifted its position in United Parcel Service by 63.8% in the fourth quarter. Brighton Jones LLC now owns 12,126 shares of the transportation company’s stock worth $1,529,000 after buying an additional 4,723 shares during the last quarter. 60.26% of the stock is currently owned by institutional investors.

United Parcel Service Stock Performance

Shares of United Parcel Service stock opened at $101.07 on Tuesday. The company has a market capitalization of $85.59 billion, a PE ratio of 14.95, a P/E/G ratio of 1.55 and a beta of 1.22. The company has a 50-day simple moving average of $97.68 and a two-hundred day simple moving average of $112.27. 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 quick ratio of 1.14 and a current ratio of 1.17.

United Parcel Service (NYSE:UPS) last announced its earnings results on Tuesday, April 29th. The transportation company reported $1.49 earnings per share for the quarter, topping the consensus estimate of $1.38 by $0.11. United Parcel Service had a return on equity of 39.13% and a net margin of 6.35%. The firm had revenue of $21.50 billion for the quarter, compared to the consensus estimate of $21.25 billion. During the same period in the previous year, the business earned $1.43 EPS. The firm’s revenue for the quarter was down .9% on a year-over-year basis. Research analysts expect that United Parcel Service, Inc. will post 7.95 EPS for the current fiscal year.

United Parcel Service Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 5th. Stockholders of record on Monday, May 19th were issued a $1.64 dividend. This represents a $6.56 dividend on an annualized basis and a dividend yield of 6.49%. The ex-dividend date was Monday, May 19th. United Parcel Service’s dividend payout ratio is presently 95.63%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on UPS. 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 report on Wednesday, April 30th. Wells Fargo & Company reiterated an “equal weight” rating and set a $98.00 price target (down from $120.00) on shares of United Parcel Service in a report on Tuesday, April 22nd. UBS Group reduced their price objective on shares of United Parcel Service from $141.00 to $127.00 and set a “buy” rating on the stock in a research report on Thursday, April 3rd. Loop Capital dropped their target price on United Parcel Service from $115.00 to $105.00 and set a “hold” rating for the company in a research report on Wednesday, April 30th. Finally, JPMorgan Chase & Co. reduced their price target on United Parcel Service from $120.00 to $115.00 and set a “neutral” rating on the stock in a report on Monday, April 7th. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, United Parcel Service presently has an average rating of “Hold” and an average target price of $120.26.

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.