Chicago Capital LLC Purchases 335 Shares of United Parcel Service, Inc. (NYSE:UPS)

Chicago Capital LLC raised its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 7.1% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 5,026 shares of the transportation company’s stock after buying an additional 335 shares during the quarter. Chicago Capital LLC’s holdings in United Parcel Service were worth $553,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. LaFleur & Godfrey LLC lifted its holdings 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. Brighton Jones LLC increased its position in United Parcel Service by 63.8% during the 4th quarter. Brighton Jones LLC now owns 12,126 shares of the transportation company’s stock valued at $1,529,000 after buying an additional 4,723 shares in the last quarter. JFS Wealth Advisors LLC increased its position in United Parcel Service by 8.7% during the 4th quarter. JFS Wealth Advisors LLC now owns 4,426 shares of the transportation company’s stock valued at $558,000 after buying an additional 354 shares in the last quarter. Americana Partners LLC raised its stake in United Parcel Service by 6.0% in the fourth quarter. Americana Partners LLC now owns 19,403 shares of the transportation company’s stock valued at $2,447,000 after buying an additional 1,106 shares during the last quarter. Finally, Sanctuary Advisors LLC boosted its holdings in United Parcel Service by 0.7% in the fourth quarter. Sanctuary Advisors LLC now owns 114,130 shares of the transportation company’s stock worth $13,114,000 after acquiring an additional 775 shares in the last quarter. 60.26% of the stock is currently owned by institutional investors.

United Parcel Service Stock Down 1.3%

Shares of UPS stock opened at $99.74 on Wednesday. United Parcel Service, Inc. has a twelve month low of $90.55 and a twelve month high of $148.15. The stock has a market cap of $84.46 billion, a P/E ratio of 14.54, a P/E/G ratio of 1.77 and a beta of 1.22. The stock has a 50 day moving average of $97.68 and a 200 day moving average of $112.19. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.24.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings data on Tuesday, April 29th. The transportation company reported $1.49 EPS for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $21.25 billion. During the same quarter last year, the company earned $1.43 EPS. The business’s revenue was down .9% on a year-over-year basis. As a group, sell-side analysts expect that United Parcel Service, Inc. will post 7.95 EPS 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 given a $1.64 dividend. The ex-dividend date was Monday, May 19th. This represents a $6.56 dividend on an annualized basis and a dividend yield of 6.58%. United Parcel Service’s dividend payout ratio (DPR) is currently 95.63%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. Wells Fargo & Company restated an “equal weight” rating and set a $98.00 price objective (down previously from $120.00) on shares of United Parcel Service in a report on Tuesday, April 22nd. Loop Capital cut their price target on shares of United Parcel Service from $115.00 to $105.00 and set a “hold” rating on the stock in a research note on Wednesday, April 30th. JPMorgan Chase & Co. decreased their price target on shares of United Parcel Service from $120.00 to $115.00 and set a “neutral” rating for the company in a report on Monday, April 7th. HSBC lowered shares of United Parcel Service from a “buy” rating to a “hold” rating and set a $105.00 price objective on the stock. in a report on Thursday, May 1st. Finally, Galvan Research reduced their target price 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 equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, United Parcel Service has a consensus 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.