United Parcel Service, Inc. (NYSE:UPS) Shares Bought by Olstein Capital Management L.P.

Olstein Capital Management L.P. lifted its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 20.8% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 58,000 shares of the transportation company’s stock after buying an additional 10,000 shares during the period. United Parcel Service makes up approximately 1.4% of Olstein Capital Management L.P.’s holdings, making the stock its 24th largest position. Olstein Capital Management L.P.’s holdings in United Parcel Service were worth $8,621,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Harbor Capital Advisors Inc. boosted its holdings in United Parcel Service by 0.4% in the fourth quarter. Harbor Capital Advisors Inc. now owns 17,530 shares of the transportation company’s stock valued at $2,756,000 after purchasing an additional 64 shares during the last quarter. First Financial Corp IN boosted its stake in shares of United Parcel Service by 24.2% during the 4th quarter. First Financial Corp IN now owns 334 shares of the transportation company’s stock valued at $53,000 after buying an additional 65 shares during the last quarter. Gleason Group Inc. grew its position in shares of United Parcel Service by 1.1% during the fourth quarter. Gleason Group Inc. now owns 6,351 shares of the transportation company’s stock worth $999,000 after buying an additional 66 shares in the last quarter. Cullen Investment Group LTD. increased its stake in shares of United Parcel Service by 0.7% in the first quarter. Cullen Investment Group LTD. now owns 9,921 shares of the transportation company’s stock worth $1,480,000 after buying an additional 68 shares during the last quarter. Finally, Advisors Capital Management LLC raised its holdings in United Parcel Service by 0.5% in the third quarter. Advisors Capital Management LLC now owns 15,085 shares of the transportation company’s stock valued at $2,351,000 after acquiring an additional 69 shares in the last quarter. Hedge funds and other institutional investors own 60.26% of the company’s stock.

United Parcel Service Price Performance

Shares of NYSE UPS traded up $0.64 during midday trading on Wednesday, reaching $135.55. The company’s stock had a trading volume of 1,539,867 shares, compared to its average volume of 4,031,853. United Parcel Service, Inc. has a one year low of $132.90 and a one year high of $192.98. The company has a market cap of $115.97 billion, a price-to-earnings ratio of 19.64, a price-to-earnings-growth ratio of 1.74 and a beta of 0.98. The company has a 50 day moving average price of $141.24 and a 200 day moving average price of $148.12. The company has a current ratio of 1.10, a quick ratio of 1.04 and a debt-to-equity ratio of 1.11.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings results on Tuesday, April 23rd. The transportation company reported $1.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.33 by $0.10. The company had revenue of $21.70 billion for the quarter, compared to analysts’ expectations of $21.84 billion. United Parcel Service had a return on equity of 37.42% and a net margin of 6.60%. The firm’s revenue was down 5.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.20 earnings per share. On average, equities research analysts expect that United Parcel Service, Inc. will post 8.22 EPS for the current year.

United Parcel Service Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 30th. Investors of record on Monday, May 13th were paid a $1.63 dividend. The ex-dividend date was Friday, May 10th. This represents a $6.52 dividend on an annualized basis and a yield of 4.81%. United Parcel Service’s dividend payout ratio is currently 94.49%.

Analyst Ratings Changes

Several research firms have recently weighed in on UPS. Stifel Nicolaus dropped their target price on shares of United Parcel Service from $178.00 to $170.00 and set a “buy” rating for the company in a research report on Thursday, March 28th. Wells Fargo & Company assumed coverage on United Parcel Service in a research note on Friday, June 7th. They set an “overweight” rating and a $156.00 price objective on the stock. JPMorgan Chase & Co. decreased their target price on United Parcel Service from $154.00 to $150.00 and set a “neutral” rating for the company in a research report on Tuesday, April 9th. Redburn Atlantic raised United Parcel Service from a “neutral” rating to a “buy” rating and set a $180.00 price target on the stock in a research report on Wednesday, April 3rd. Finally, Evercore ISI lowered their target price on shares of United Parcel Service from $157.00 to $145.00 and set an “in-line” rating for the company in a research note on Monday, June 24th. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $164.55.

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.