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

Naples Global Advisors LLC lifted its holdings in United Parcel Service, Inc. (NYSE:UPS) by 4.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 49,892 shares of the transportation company’s stock after acquiring an additional 2,094 shares during the period. Naples Global Advisors LLC’s holdings in United Parcel Service were worth $5,488,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. IMG Wealth Management Inc. purchased a new position in United Parcel Service in the fourth quarter valued at about $25,000. Generali Investments Management Co LLC purchased a new stake in shares of United Parcel Service during the 4th quarter valued at about $26,000. Pinney & Scofield Inc. acquired a new position in United Parcel Service during the 4th quarter worth approximately $27,000. Fourth Dimension Wealth LLC acquired a new position in United Parcel Service during the 4th quarter worth approximately $28,000. Finally, Runnymede Capital Advisors Inc. purchased a new position in United Parcel Service in the 4th quarter worth approximately $30,000. Hedge funds and other institutional investors own 60.26% of the company’s stock.

United Parcel Service Stock Up 0.5%

UPS stock opened at $98.57 on Thursday. The firm has a market cap of $83.47 billion, a price-to-earnings ratio of 14.58, a PEG ratio of 1.55 and a beta of 1.23. United Parcel Service, Inc. has a 1-year low of $90.55 and a 1-year high of $148.15. The firm has a fifty day moving average price of $97.81 and a two-hundred day moving average price of $114.49. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.17 and a quick ratio of 1.14.

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

United Parcel Service Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 5th. Investors of record on Monday, May 19th will be given a dividend of $1.64 per share. The ex-dividend date is Monday, May 19th. This represents a $6.56 dividend on an annualized basis and a yield of 6.66%. United Parcel Service’s dividend payout ratio is currently 95.63%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on UPS shares. Barclays dropped their price objective on shares of United Parcel Service from $100.00 to $90.00 and set an “underweight” rating on the stock in a research note on Monday, March 31st. Wolfe Research dropped their price target on shares of United Parcel Service from $133.00 to $113.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 9th. JPMorgan Chase & Co. decreased their price objective on shares of United Parcel Service from $120.00 to $115.00 and set a “neutral” rating for the company in a research report on Monday, April 7th. Citigroup lowered their target price on United Parcel Service from $149.00 to $123.00 and set a “buy” rating for the company in a research note on Tuesday, April 8th. Finally, Loop Capital dropped their target price on United Parcel Service from $115.00 to $105.00 and set a “hold” rating on the stock in a research report on Wednesday, April 30th. Two 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 issued a strong buy rating to the stock. According to data from MarketBeat.com, United Parcel Service 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.