Curbstone Financial Management Corp Grows Stock Position in United Parcel Service, Inc. (NYSE:UPS)

Curbstone Financial Management Corp lifted its stake in United Parcel Service, Inc. (NYSE:UPS) by 6.8% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,332 shares of the transportation company’s stock after purchasing an additional 660 shares during the period. Curbstone Financial Management Corp’s holdings in United Parcel Service were worth $1,136,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC boosted its holdings in United Parcel Service by 27.2% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 131,623 shares of the transportation company’s stock valued at $16,304,000 after purchasing an additional 28,108 shares during the period. PUREfi Wealth LLC purchased a new position in United Parcel Service in the fourth quarter valued at $737,000. Clark Capital Management Group Inc. boosted its holdings in United Parcel Service by 14.4% in the fourth quarter. Clark Capital Management Group Inc. now owns 11,427 shares of the transportation company’s stock valued at $1,441,000 after purchasing an additional 1,440 shares during the period. Kentucky Trust Co purchased a new position in United Parcel Service in the fourth quarter valued at $442,000. Finally, CapWealth Advisors LLC raised its stake in United Parcel Service by 4.1% in the fourth quarter. CapWealth Advisors LLC now owns 83,874 shares of the transportation company’s stock valued at $10,577,000 after buying an additional 3,312 shares in the last quarter. 60.26% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

UPS has been the topic of a number of analyst reports. UBS Group cut their price target on United Parcel Service from $141.00 to $127.00 and set a “buy” rating on the stock in a research note on Thursday, April 3rd. Stifel Nicolaus cut their price target on United Parcel Service from $145.00 to $124.00 and set a “buy” rating on the stock in a research note on Wednesday, April 30th. Barclays cut their price target on 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. Raymond James cut their price target on 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, Loop Capital cut their price target on 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. Two analysts have rated the stock with a sell rating, thirteen have given a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, United Parcel Service has an average rating of “Hold” and an average price target of $120.26.

United Parcel Service Stock Performance

Shares of UPS stock opened at $102.43 on Wednesday. The stock has a market capitalization of $86.73 billion, a PE ratio of 15.15, a price-to-earnings-growth ratio of 1.55 and a beta of 1.22. United Parcel Service, Inc. has a 52-week low of $90.55 and a 52-week high of $148.15. The stock’s 50-day moving average price is $97.15 and its 200 day moving average price is $113.42. The company has a quick ratio of 1.14, a current ratio of 1.17 and a debt-to-equity ratio of 1.16.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings results on Tuesday, April 29th. The transportation company reported $1.49 earnings per share (EPS) for the quarter, beating the consensus estimate 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 39.13% and a net margin of 6.35%. The firm’s revenue for the quarter was down .9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.43 EPS. As a group, equities research analysts forecast that United Parcel Service, Inc. will post 7.95 EPS for the current year.

United Parcel Service Dividend Announcement

The firm also recently disclosed 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 6.40%. The ex-dividend date was Monday, May 19th. United Parcel Service’s dividend payout ratio is presently 95.63%.

United Parcel Service 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.