Fairfield Bush & CO. acquired a new stake in United Parcel Service, Inc. (NYSE:UPS) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 2,500 shares of the transportation company’s stock, valued at approximately $234,000.

Several other hedge funds have also added to or reduced their stakes in the company. Russell Investments Group Ltd. raised its position in United Parcel Service by 46.9% during the fourth quarter. Russell Investments Group Ltd. now owns 203,423 shares of the transportation company’s stock worth $23,758,000 after acquiring an additional 64,976 shares during the period. CFM Wealth Partners LLC acquired a new position in United Parcel Service during the fourth quarter worth $148,000. Ledyard National Bank raised its position in United Parcel Service by 3.3% during the fourth quarter. Ledyard National Bank now owns 3,172 shares of the transportation company’s stock worth $371,000 after acquiring an additional 100 shares during the period. Kornitzer Capital Management Inc. KS raised its position in United Parcel Service by 0.6% during the fourth quarter. Kornitzer Capital Management Inc. KS now owns 56,276 shares of the transportation company’s stock worth $6,588,000 after acquiring an additional 320 shares during the period. Finally, Whittier Trust Co. of Nevada Inc. raised its position in United Parcel Service by 0.8% during the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 13,519 shares of the transportation company’s stock worth $1,582,000 after acquiring an additional 106 shares during the period. 54.83% of the stock is currently owned by institutional investors and hedge funds.

UPS stock traded up $2.48 during mid-day trading on Wednesday, hitting $103.65. 3,625,606 shares of the company were exchanged, compared to its average volume of 3,898,552. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 8.06. The firm has a market capitalization of $87.23 billion, a P/E ratio of 21.00, a PEG ratio of 2.42 and a beta of 0.83. The business has a fifty day simple moving average of $96.91 and a 200-day simple moving average of $105.47. United Parcel Service, Inc. has a 12-month low of $82.00 and a 12-month high of $125.31.

United Parcel Service (NYSE:UPS) last announced its earnings results on Tuesday, April 28th. The transportation company reported $1.15 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.23 by ($0.08). The company had revenue of $18.04 billion for the quarter, compared to analysts’ expectations of $17.17 billion. United Parcel Service had a return on equity of 152.81% and a net margin of 5.73%. The company’s quarterly revenue was up 5.1% compared to the same quarter last year. During the same period last year, the business earned $1.39 EPS. Research analysts predict that United Parcel Service, Inc. will post 5.58 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 10th. Stockholders of record on Tuesday, May 26th will be paid a $1.01 dividend. This represents a $4.04 annualized dividend and a dividend yield of 3.90%. The ex-dividend date is Friday, May 22nd. United Parcel Service’s payout ratio is 53.65%.

In other United Parcel Service news, CEO Carol B. Tome acquired 10,100 shares of the stock in a transaction dated Friday, May 29th. The stock was acquired at an average price of $99.33 per share, with a total value of $1,003,233.00. Following the completion of the purchase, the chief executive officer now owns 13,036 shares in the company, valued at approximately $1,294,865.88. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.57% of the company’s stock.

A number of research firms have weighed in on UPS. Cowen reduced their price objective on shares of United Parcel Service from $119.00 to $101.00 and set a “market perform” rating for the company in a research report on Thursday, April 2nd. Oppenheimer reduced their target price on shares of United Parcel Service from $124.00 to $106.00 and set an “outperform” rating for the company in a research report on Friday, April 24th. Deutsche Bank upgraded shares of United Parcel Service from a “hold” rating to a “buy” rating and set a $119.00 target price for the company in a research report on Monday, March 2nd. Standpoint Research upgraded shares of United Parcel Service from a “hold” rating to a “buy” rating in a research report on Thursday, February 27th. Finally, Berenberg Bank reiterated a “neutral” rating and issued a $105.00 target price on shares of United Parcel Service in a research report on Tuesday, April 28th. Five research analysts have rated the stock with a sell rating, eight have assigned a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the company’s stock. United Parcel Service presently has a consensus rating of “Hold” and a consensus target price of $111.00.

United Parcel Service Company Profile

United Parcel Service, Inc provides letter and package delivery, specialized transportation, logistics, and financial services. It operates through three segments: U.S. Domestic Package, International Package, and Supply Chain & Freight. The U.S. Domestic Package segment offers time-definite delivery of letters, documents, small packages, and palletized freight through air and ground services in the United States.

Featured Article: What is a CD ladder?

Want to see what other hedge funds are holding UPS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for United Parcel Service, Inc. (NYSE:UPS).

Institutional Ownership by Quarter for United Parcel Service (NYSE:UPS)

Receive News & Ratings for United Parcel Service Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United Parcel Service and related companies with MarketBeat.com's FREE daily email newsletter.