Cardinal Capital Management Grows Stock Holdings in United Parcel Service, Inc. (NYSE:UPS)

Cardinal Capital Management increased its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 10.9% during the 1st quarter, Holdings Channel reports. The institutional investor owned 21,550 shares of the transportation company’s stock after purchasing an additional 2,123 shares during the quarter. Cardinal Capital Management’s holdings in United Parcel Service were worth $3,203,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Tennessee Valley Asset Management Partners purchased a new stake in shares of United Parcel Service during the 4th quarter valued at approximately $26,000. Life Planning Partners Inc purchased a new stake in United Parcel Service in the fourth quarter valued at approximately $28,000. Northwest Financial Advisors purchased a new stake in United Parcel Service in the fourth quarter valued at approximately $28,000. Bourgeon Capital Management LLC purchased a new stake in United Parcel Service in the fourth quarter valued at approximately $31,000. Finally, Security National Bank purchased a new stake in United Parcel Service in the fourth quarter valued at approximately $31,000. Hedge funds and other institutional investors own 60.26% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on UPS. Redburn Atlantic raised United Parcel Service from a “neutral” rating to a “buy” rating and set a $180.00 target price on the stock in a research report on Wednesday, April 3rd. BMO Capital Markets boosted their target price on United Parcel Service from $165.00 to $169.00 and gave the company a “market perform” rating in a research report on Wednesday, April 24th. Morgan Stanley boosted their target price on United Parcel Service from $95.00 to $100.00 and gave the company an “underweight” rating in a research report on Wednesday, March 27th. Wells Fargo & Company initiated coverage on shares of United Parcel Service in a research note on Friday, June 7th. They issued an “overweight” rating and a $156.00 price target for the company. Finally, HSBC upgraded shares of United Parcel Service from a “hold” rating to a “buy” rating and boosted their price target for the stock from $150.00 to $170.00 in a research note on Thursday, April 25th. 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 company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $164.55.

United Parcel Service Stock Down 1.7 %

Shares of UPS stock traded down $2.32 on Thursday, reaching $135.83. 3,703,345 shares of the stock were exchanged, compared to its average volume of 4,048,116. The company has a current ratio of 1.10, a quick ratio of 1.04 and a debt-to-equity ratio of 1.11. The business’s 50 day moving average price is $141.96 and its 200 day moving average price is $148.83. The company has a market capitalization of $116.21 billion, a price-to-earnings ratio of 19.63, a PEG ratio of 1.70 and a beta of 1.01. United Parcel Service, Inc. has a twelve month low of $132.90 and a twelve month high of $192.98.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings results on Tuesday, April 23rd. The transportation company reported $1.43 earnings per share 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 during the quarter, compared to analysts’ expectations of $21.84 billion. During the same period in the previous year, the company earned $2.20 earnings per share. United Parcel Service’s quarterly revenue was down 5.3% compared to the same quarter last year. As a group, sell-side analysts expect 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 declared a quarterly dividend, which was paid on Thursday, May 30th. Investors of record on Monday, May 13th were given a $1.63 dividend. The ex-dividend date of this dividend was Friday, May 10th. This represents a $6.52 dividend on an annualized basis and a yield of 4.80%. 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.