KPP Advisory Services LLC Acquires New Holdings in United Parcel Service, Inc. (NYSE:UPS)

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

Several other institutional investors also recently modified their holdings of the stock. IMG Wealth Management Inc. bought a new stake in United Parcel Service during the 4th quarter worth $25,000. Generali Investments Management Co LLC bought a new position in United Parcel Service in the fourth quarter valued at about $26,000. Pinney & Scofield Inc. acquired a new stake in shares of United Parcel Service during the fourth quarter valued at about $27,000. Fourth Dimension Wealth LLC bought a new stake in shares of United Parcel Service during the fourth quarter worth about $28,000. Finally, Runnymede Capital Advisors Inc. bought a new stake in shares of United Parcel Service during the fourth quarter worth about $30,000. 60.26% of the stock is currently owned by institutional investors and hedge funds.

United Parcel Service Trading Down 1.1%

NYSE UPS opened at $99.50 on Thursday. The stock has a market capitalization of $84.26 billion, a P/E ratio of 14.50, a P/E/G ratio of 1.77 and a beta of 1.22. The business has a 50 day simple moving average of $98.00 and a 200 day simple moving average of $111.09. 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, Inc. has a one year low of $90.55 and a one year high of $148.15.

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, topping analysts’ consensus estimates of $1.38 by $0.11. The firm 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 40.15% and a net margin of 6.44%. The company’s revenue for the quarter was down .9% compared to the same quarter last year. During the same period in the prior year, the business earned $1.43 EPS. Research analysts expect that United Parcel Service, Inc. will post 7.95 earnings per share for the current year.

United Parcel Service Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, June 5th. Shareholders of record on Monday, May 19th were issued a $1.64 dividend. This represents a $6.56 dividend on an annualized basis and a yield of 6.59%. The ex-dividend date of this dividend was Monday, May 19th. United Parcel Service’s payout ratio is 95.63%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on UPS shares. HSBC lowered 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 report on Thursday, May 1st. Bank of America upped their price target on shares of United Parcel Service from $111.00 to $115.00 and gave the company a “buy” rating in a research report on Friday, May 16th. Wall Street Zen downgraded shares of United Parcel Service from a “buy” rating to a “hold” rating in a research note on Wednesday, May 7th. Raymond James Financial reduced their price objective on shares of 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, Stifel Nicolaus decreased their price objective on United Parcel Service from $145.00 to $124.00 and set a “buy” rating for the company in a report on Wednesday, April 30th. Two equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $120.26.

About United Parcel Service

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.