River Street Advisors LLC Has $580,000 Holdings in United Parcel Service, Inc. (NYSE:UPS)

River Street Advisors LLC lifted its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 8.1% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,901 shares of the transportation company’s stock after purchasing an additional 292 shares during the period. River Street Advisors LLC’s holdings in United Parcel Service were worth $580,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Harbor Capital Advisors Inc. increased its position in United Parcel Service by 0.4% in the fourth quarter. Harbor Capital Advisors Inc. now owns 17,530 shares of the transportation company’s stock worth $2,756,000 after purchasing an additional 64 shares during the last quarter. First Financial Corp IN increased its position in United Parcel Service by 24.2% during the fourth quarter. First Financial Corp IN now owns 334 shares of the transportation company’s stock valued at $53,000 after acquiring an additional 65 shares during the last quarter. Gleason Group Inc. increased its position in United Parcel Service by 1.1% during the fourth quarter. Gleason Group Inc. now owns 6,351 shares of the transportation company’s stock valued at $999,000 after acquiring an additional 66 shares during the last quarter. Cullen Investment Group LTD. increased its position in United Parcel Service by 0.7% during the first quarter. Cullen Investment Group LTD. now owns 9,921 shares of the transportation company’s stock valued at $1,480,000 after acquiring an additional 68 shares during the last quarter. Finally, Advisors Capital Management LLC increased its position in United Parcel Service by 0.5% during the third quarter. Advisors Capital Management LLC now owns 15,085 shares of the transportation company’s stock valued at $2,351,000 after acquiring an additional 69 shares during the last quarter. Institutional investors own 60.26% of the company’s stock.

United Parcel Service Price Performance

United Parcel Service stock traded up $1.02 during trading on Friday, reaching $136.85. The company had a trading volume of 6,609,563 shares, compared to its average volume of 4,011,769. The firm’s 50-day simple moving average is $141.71 and its 200 day simple moving average is $148.56. United Parcel Service, Inc. has a 1-year low of $132.90 and a 1-year high of $192.98. The firm has a market capitalization of $117.08 billion, a PE ratio of 19.83, a price-to-earnings-growth ratio of 1.74 and a beta of 1.01. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.04 and a current ratio of 1.10.

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

United Parcel Service Dividend Announcement

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

Analysts Set New Price Targets

A number of research firms have weighed in on UPS. JPMorgan Chase & Co. cut their price objective on shares of United Parcel Service from $154.00 to $150.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 9th. Wells Fargo & Company began coverage on shares of United Parcel Service in a research note on Friday, June 7th. They set an “overweight” rating and a $156.00 target price for the company. BMO Capital Markets upped their price target on shares of United Parcel Service from $165.00 to $169.00 and gave the stock a “market perform” rating in a report on Wednesday, April 24th. Morgan Stanley upped 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. Finally, HSBC upgraded shares of 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. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, United Parcel Service presently has a consensus rating of “Hold” and a consensus price target of $164.55.

United Parcel Service Company 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.