CRA Financial Services LLC Raises Holdings in United Parcel Service, Inc. (NYSE:UPS)

CRA Financial Services LLC lifted its stake in United Parcel Service, Inc. (NYSE:UPS) by 3.1% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 8,180 shares of the transportation company’s stock after buying an additional 248 shares during the quarter. CRA Financial Services LLC’s holdings in United Parcel Service were worth $1,216,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the stock. Tennessee Valley Asset Management Partners purchased a new position in United Parcel Service during the fourth quarter worth approximately $26,000. Life Planning Partners Inc purchased a new position in United Parcel Service during the fourth quarter worth approximately $28,000. Northwest Financial Advisors acquired a new position in shares of United Parcel Service during the fourth quarter valued at approximately $28,000. Bourgeon Capital Management LLC acquired a new position in shares of United Parcel Service during the fourth quarter valued at approximately $31,000. Finally, Security National Bank acquired a new position in shares of United Parcel Service during the fourth quarter valued at approximately $31,000. Hedge funds and other institutional investors own 60.26% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Morgan Stanley increased their price target on United Parcel Service from $95.00 to $100.00 and gave the company an “underweight” rating in a report on Wednesday, March 27th. Bank of America raised their target price on United Parcel Service from $157.00 to $160.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 24th. Oppenheimer raised their target price on United Parcel Service from $153.00 to $157.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 24th. TD Cowen cut their target price 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. Finally, Wells Fargo & Company assumed coverage on 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. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $164.55.

United Parcel Service Stock Performance

UPS stock traded up $1.02 during trading on Friday, hitting $136.85. The company had a trading volume of 6,609,563 shares, compared to its average volume of 4,011,769. The firm has a market cap 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. United Parcel Service, Inc. has a 1-year low of $132.90 and a 1-year high of $192.98. The firm has a 50-day moving average price of $141.71 and a 200-day moving average price of $148.56. The company has a quick ratio of 1.04, a current ratio of 1.10 and a debt-to-equity ratio of 1.11.

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

United Parcel Service Announces Dividend

The firm also recently disclosed 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 dividend on an annualized basis and a yield of 4.76%. The ex-dividend date of this dividend was Friday, May 10th. United Parcel Service’s dividend payout ratio 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.