Stewart & Patten Co. LLC Acquires 3,141 Shares of United Parcel Service, Inc. (NYSE:UPS)

Stewart & Patten Co. LLC raised its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 2.8% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 114,167 shares of the transportation company’s stock after purchasing an additional 3,141 shares during the quarter. United Parcel Service accounts for approximately 2.5% of Stewart & Patten Co. LLC’s holdings, making the stock its 21st biggest position. Stewart & Patten Co. LLC’s holdings in United Parcel Service were worth $16,969,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in UPS. International Assets Investment Management LLC increased its position in shares of United Parcel Service by 15,631.2% during the 4th quarter. International Assets Investment Management LLC now owns 14,502,261 shares of the transportation company’s stock valued at $2,280,190,000 after purchasing an additional 14,410,073 shares during the last quarter. Wellington Management Group LLP lifted its stake in shares of United Parcel Service by 87.6% during the 4th quarter. Wellington Management Group LLP now owns 18,152,900 shares of the transportation company’s stock worth $2,854,180,000 after purchasing an additional 8,475,698 shares during the last quarter. Norges Bank purchased a new stake in United Parcel Service in the fourth quarter valued at about $1,128,322,000. First Trust Advisors LP raised its stake in United Parcel Service by 208.1% in the fourth quarter. First Trust Advisors LP now owns 1,717,391 shares of the transportation company’s stock valued at $270,025,000 after buying an additional 1,160,005 shares during the last quarter. Finally, Franklin Resources Inc. raised its stake in United Parcel Service by 11.4% in the fourth quarter. Franklin Resources Inc. now owns 9,607,055 shares of the transportation company’s stock valued at $1,510,517,000 after buying an additional 980,317 shares during the last quarter. 60.26% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts recently commented on the company. TD Cowen dropped their target price on United Parcel Service from $147.00 to $140.00 and set a “hold” rating on the stock in a report on Thursday, March 28th. Bank of America lifted their target price on United Parcel Service from $157.00 to $160.00 and gave the company a “neutral” rating in a research report on Wednesday, April 24th. HSBC upgraded United Parcel Service from a “hold” rating to a “buy” rating and lifted their target price for the company from $150.00 to $170.00 in a research 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 on the stock in a report on Monday, June 24th. Finally, JPMorgan Chase & Co. cut their price objective on United Parcel Service from $154.00 to $150.00 and set a “neutral” rating on the stock in a report on Tuesday, April 9th. One analyst has rated the stock with a sell rating, thirteen have given a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, United Parcel Service has a consensus rating of “Hold” and a consensus target price of $164.55.

United Parcel Service Price Performance

UPS traded down $0.90 during trading on Monday, reaching $135.95. The stock had a trading volume of 2,657,859 shares, compared to its average volume of 4,057,780. The firm has a market capitalization of $116.31 billion, a price-to-earnings ratio of 19.70, a price-to-earnings-growth ratio of 1.74 and a beta of 0.98. 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, Inc. has a 1-year low of $132.90 and a 1-year high of $192.98. The stock has a 50 day moving average of $141.71 and a two-hundred day moving average of $148.50.

United Parcel Service (NYSE:UPS) last released its earnings results on Tuesday, April 23rd. The transportation company reported $1.43 earnings per share for the quarter, topping analysts’ consensus estimates of $1.33 by $0.10. The firm had revenue of $21.70 billion during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.20 earnings per share. As a group, equities analysts anticipate that United Parcel Service, Inc. will post 8.22 EPS for the current fiscal year.

United Parcel Service Dividend Announcement

The business 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. The ex-dividend date was Friday, May 10th. This represents a $6.52 annualized dividend and a dividend yield of 4.80%. United Parcel Service’s dividend payout ratio is currently 94.49%.

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.