Griffin Asset Management Inc. Has $6.93 Million Position in United Parcel Service, Inc. (NYSE:UPS)

Griffin Asset Management Inc. lifted its holdings in United Parcel Service, Inc. (NYSE:UPS) by 12.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 46,591 shares of the transportation company’s stock after buying an additional 5,027 shares during the period. Griffin Asset Management Inc.’s holdings in United Parcel Service were worth $6,925,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Silverleafe Capital Partners LLC purchased a new position in United Parcel Service during the 1st quarter valued at about $681,000. Financial Management Professionals Inc. increased its stake in United Parcel Service by 12.6% in the 1st quarter. Financial Management Professionals Inc. now owns 2,231 shares of the transportation company’s stock valued at $332,000 after buying an additional 249 shares during the period. Stillwater Capital Advisors LLC lifted its position in United Parcel Service by 0.6% in the 1st quarter. Stillwater Capital Advisors LLC now owns 70,074 shares of the transportation company’s stock worth $10,415,000 after buying an additional 448 shares in the last quarter. DeDora Capital Inc. boosted its stake in shares of United Parcel Service by 19.2% during the 1st quarter. DeDora Capital Inc. now owns 5,882 shares of the transportation company’s stock valued at $874,000 after buying an additional 949 shares during the period. Finally, Calton & Associates Inc. purchased a new position in shares of United Parcel Service during the 1st quarter valued at $295,000. Hedge funds and other institutional investors own 60.26% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Wells Fargo & Company began coverage on United Parcel Service in a research report on Friday, June 7th. They set an “overweight” rating and a $156.00 price objective for the company. TD Cowen lowered their price target on United Parcel Service from $147.00 to $140.00 and set a “hold” rating for the company in a research note on Thursday, March 28th. Deutsche Bank Aktiengesellschaft cut their price objective on shares of 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. JPMorgan Chase & Co. decreased their target price on shares of United Parcel Service from $154.00 to $150.00 and set a “neutral” rating for the company in a research report on Tuesday, April 9th. Finally, Evercore ISI cut their price target on shares of United Parcel Service from $157.00 to $145.00 and set an “in-line” rating on the stock in a report on Monday, June 24th. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $164.55.

United Parcel Service Stock Performance

UPS stock traded up $1.02 on Friday, reaching $136.85. 6,609,563 shares of the company were exchanged, compared to its average volume of 4,011,769. The firm has a market capitalization of $117.08 billion, a PE ratio of 19.83, a PEG ratio of 1.72 and a beta of 1.01. United Parcel Service, Inc. has a 12 month low of $132.90 and a 12 month high of $192.98. The stock’s fifty day moving average price is $141.71 and its 200 day moving average price is $148.61. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.10 and a quick ratio of 1.04.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings data on Tuesday, April 23rd. The transportation company reported $1.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.33 by $0.10. The company had revenue of $21.70 billion for the quarter, compared to the consensus estimate of $21.84 billion. United Parcel Service had a net margin of 6.60% and a return on equity of 37.42%. The business’s revenue was down 5.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.20 EPS. On average, research analysts anticipate that United Parcel Service, Inc. will post 8.22 EPS for the current fiscal year.

United Parcel Service Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 30th. Shareholders of record on Monday, May 13th were issued a $1.63 dividend. This represents a $6.52 annualized dividend and a yield of 4.76%. The ex-dividend date was Friday, May 10th. United Parcel Service’s dividend payout ratio (DPR) is presently 94.49%.

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.