United Parcel Service, Inc. (NYSE:UPS) Shares Acquired by NorthCrest Asset Manangement LLC

NorthCrest Asset Manangement LLC increased its position in United Parcel Service, Inc. (NYSE:UPS) by 46.0% in the first quarter, Holdings Channel reports. The firm owned 5,934 shares of the transportation company’s stock after purchasing an additional 1,871 shares during the quarter. NorthCrest Asset Manangement LLC’s holdings in United Parcel Service were worth $653,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. IMG Wealth Management Inc. acquired a new position in United Parcel Service in the fourth quarter worth about $25,000. Generali Investments Management Co LLC acquired a new position in United Parcel Service in the fourth quarter worth about $26,000. Pinney & Scofield Inc. acquired a new position in United Parcel Service in the fourth quarter worth about $27,000. Fourth Dimension Wealth LLC acquired a new position in United Parcel Service in the fourth quarter valued at approximately $28,000. Finally, Runnymede Capital Advisors Inc. acquired a new position in United Parcel Service in the fourth quarter valued at approximately $30,000. 60.26% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. Susquehanna decreased their target price on United Parcel Service from $120.00 to $110.00 and set a “neutral” rating for the company in a research note on Wednesday, April 30th. Barclays decreased their target price on United Parcel Service from $100.00 to $90.00 and set an “underweight” rating for the company in a research note on Monday, March 31st. Citigroup decreased 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. Oppenheimer decreased their target price on United Parcel Service from $126.00 to $114.00 and set an “outperform” rating for the company in a research note on Wednesday, April 30th. Finally, Wells Fargo & Company restated an “equal weight” rating and issued a $98.00 target price (down from $120.00) on shares of United Parcel Service in a research note on Tuesday, April 22nd. Two research analysts have rated the stock with a sell rating, thirteen have given a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $120.26.

United Parcel Service Price Performance

Shares of NYSE:UPS opened at $99.89 on Friday. United Parcel Service, Inc. has a 12 month low of $90.55 and a 12 month high of $148.15. The stock has a market cap of $84.58 billion, a price-to-earnings ratio of 14.78, a PEG ratio of 1.55 and a beta of 1.22. The stock’s 50 day moving average price is $97.49 and its 200 day moving average price is $112.68. 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 announced its earnings results on Tuesday, April 29th. The transportation company reported $1.49 EPS for the quarter, topping the consensus estimate of $1.38 by $0.11. United Parcel Service had a return on equity of 39.13% and a net margin of 6.35%. The firm had revenue of $21.50 billion for the quarter, compared to analysts’ expectations of $21.25 billion. During the same quarter in the previous year, the company earned $1.43 earnings per share. The firm’s quarterly revenue was down .9% compared to the same quarter last year. Equities research analysts anticipate that United Parcel Service, Inc. will post 7.95 earnings per share for the current fiscal year.

United Parcel Service Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, June 5th. Investors of record on Monday, May 19th were issued a dividend of $1.64 per share. The ex-dividend date was Monday, May 19th. This represents a $6.56 annualized dividend and a yield of 6.57%. United Parcel Service’s payout ratio is 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.