First Dallas Securities Inc. Has $2.94 Million Stock Position in United Parcel Service, Inc. $UPS

First Dallas Securities Inc. increased its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 91.5% during the first quarter, HoldingsChannel reports. The fund owned 29,834 shares of the transportation company’s stock after acquiring an additional 14,251 shares during the quarter. United Parcel Service makes up about 1.1% of First Dallas Securities Inc.’s portfolio, making the stock its 25th biggest holding. First Dallas Securities Inc.’s holdings in United Parcel Service were worth $2,935,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of UPS. University of Texas Texas AM Investment Management Co. acquired a new stake in United Parcel Service in the 4th quarter worth $25,000. IFC & Insurance Marketing Inc. bought a new position in shares of United Parcel Service during the 4th quarter worth about $25,000. Coston McIsaac & Partners raised its position in shares of United Parcel Service by 77.8% during the fourth quarter. Coston McIsaac & Partners now owns 272 shares of the transportation company’s stock valued at $27,000 after buying an additional 119 shares during the last quarter. Torren Management LLC bought a new stake in shares of United Parcel Service in the fourth quarter valued at about $29,000. Finally, Kemnay Advisory Services Inc. bought a new stake in shares of United Parcel Service in the fourth quarter valued at about $29,000. 60.26% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Evercore decreased their target price on United Parcel Service from $115.00 to $113.00 and set an “in-line” rating on the stock in a research report on Wednesday, April 22nd. Susquehanna raised their price objective on United Parcel Service from $116.00 to $118.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 29th. Weiss Ratings lowered United Parcel Service from a “hold (c)” rating to a “sell (d+)” rating in a report on Friday, May 8th. Citigroup boosted their price objective on United Parcel Service from $118.00 to $127.00 and gave the company a “buy” rating in a research report on Wednesday, April 29th. Finally, UBS Group cut their target price on United Parcel Service from $125.00 to $123.00 and set a “buy” rating for the company in a research note on Wednesday, April 29th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, eleven have given a Hold rating and four have given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $110.85.

United Parcel Service Trading Up 0.0%

Shares of UPS opened at $110.71 on Friday. United Parcel Service, Inc. has a 1 year low of $82.00 and a 1 year high of $122.41. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 1.50. The stock has a 50 day simple moving average of $104.91 and a 200-day simple moving average of $105.25. The stock has a market cap of $94.11 billion, a PE ratio of 17.91, a PEG ratio of 1.76 and a beta of 1.05.

United Parcel Service (NYSE:UPS) last posted its earnings results on Tuesday, April 28th. The transportation company reported $1.07 EPS for the quarter, topping the consensus estimate of $1.02 by $0.05. United Parcel Service had a return on equity of 35.95% and a net margin of 5.94%.The business had revenue of $21.20 billion during the quarter, compared to the consensus estimate of $20.99 billion. During the same quarter last year, the company earned $1.49 EPS. United Parcel Service’s revenue was down 1.4% on a year-over-year basis. On average, sell-side analysts predict that United Parcel Service, Inc. will post 7.1 EPS for the current fiscal year.

United Parcel Service Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, June 4th. Stockholders of record on Monday, May 18th were paid a $1.64 dividend. This represents a $6.56 annualized dividend and a dividend yield of 5.9%. The ex-dividend date was Monday, May 18th. United Parcel Service’s payout ratio is currently 106.15%.

About United Parcel Service

United Parcel Service (NYSE: UPS) is a global package delivery and supply chain management company that provides a broad range of transportation, logistics and e-commerce services. Its core business centers on small-package delivery and last-mile distribution for business and individual customers, supported by a network of ground transportation, air cargo operations (UPS Airlines) and sorting facilities. In addition to parcel delivery, UPS offers freight transportation, contract logistics, warehousing, customs brokerage and reverse-logistics solutions designed to support domestic and international commerce.

The company traces its roots to 1907 when it began as a small messenger service in the United States and later evolved into the United Parcel Service.