C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors Grows Stock Holdings in United Parcel Service, Inc. (NYSE:UPS)

C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors increased its holdings in shares of United Parcel Service, Inc. (NYSE:UPSFree Report) by 87.5% in the 1st quarter, HoldingsChannel reports. The firm owned 5,856 shares of the transportation company’s stock after acquiring an additional 2,732 shares during the quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors’ holdings in United Parcel Service were worth $870,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in UPS. Tennessee Valley Asset Management Partners acquired a new position in shares of United Parcel Service in the 4th quarter valued at about $26,000. Life Planning Partners Inc purchased a new position in United Parcel Service during the fourth quarter valued at approximately $28,000. Northwest Financial Advisors purchased a new stake in United Parcel Service in the 4th quarter worth approximately $28,000. Bourgeon Capital Management LLC acquired a new stake in shares of United Parcel Service during the 4th quarter worth approximately $31,000. Finally, Security National Bank purchased a new position in shares of United Parcel Service during the 4th quarter valued at approximately $31,000. 60.26% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts recently commented on the stock. Stifel Nicolaus dropped their price target on shares of United Parcel Service from $178.00 to $170.00 and set a “buy” rating on the stock in a research report on Thursday, March 28th. HSBC raised United Parcel Service from a “hold” rating to a “buy” rating and upped their price target for the stock from $150.00 to $170.00 in a report on Thursday, April 25th. Evercore ISI cut their price objective on United Parcel Service from $157.00 to $145.00 and set an “in-line” rating for the company in a research report on Monday, June 24th. Deutsche Bank Aktiengesellschaft decreased their target price on United Parcel Service from $183.00 to $179.00 and set a “buy” rating on the stock in a research report on Thursday, March 28th. Finally, Morgan Stanley boosted their price target on shares of United Parcel Service from $95.00 to $100.00 and gave the stock an “underweight” rating in a report on Wednesday, March 27th. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $164.55.

Get Our Latest Analysis on United Parcel Service

United Parcel Service Trading Up 1.0 %

UPS traded up $1.37 during trading hours on Wednesday, reaching $135.65. The company’s stock had a trading volume of 2,820,600 shares, compared to its average volume of 3,992,954. The stock has a market cap of $116.06 billion, a PE ratio of 19.44, a P/E/G ratio of 1.72 and a beta of 0.98. United Parcel Service, Inc. has a fifty-two week low of $132.90 and a fifty-two week high of $192.98. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.10 and a quick ratio of 1.04. The business’s 50-day moving average is $140.03 and its 200-day moving average is $147.28.

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

United Parcel Service Announces Dividend

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

United Parcel Service Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding UPS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for United Parcel Service, Inc. (NYSE:UPSFree Report).

Institutional Ownership by Quarter for United Parcel Service (NYSE:UPS)

Receive News & Ratings for United Parcel Service Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United Parcel Service and related companies with MarketBeat.com's FREE daily email newsletter.