Isthmus Partners LLC Purchases 6,323 Shares of United Parcel Service, Inc. $UPS

Isthmus Partners LLC raised its position in United Parcel Service, Inc. (NYSE:UPS) by 5.2% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 128,697 shares of the transportation company’s stock after purchasing an additional 6,323 shares during the period. United Parcel Service accounts for 1.3% of Isthmus Partners LLC’s holdings, making the stock its 29th biggest position. Isthmus Partners LLC’s holdings in United Parcel Service were worth $12,661,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. increased its position in shares of United Parcel Service by 1.8% during the fourth quarter. Vanguard Group Inc. now owns 68,496,420 shares of the transportation company’s stock valued at $6,794,160,000 after acquiring an additional 1,218,432 shares during the last quarter. State Street Corp grew its stake in United Parcel Service by 3.3% in the 4th quarter. State Street Corp now owns 32,092,627 shares of the transportation company’s stock valued at $3,183,268,000 after purchasing an additional 1,029,377 shares during the period. Charles Schwab Investment Management Inc. increased its position in shares of United Parcel Service by 3.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 27,142,759 shares of the transportation company’s stock valued at $2,692,290,000 after purchasing an additional 856,125 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of United Parcel Service by 1.4% during the 4th quarter. Geode Capital Management LLC now owns 17,154,091 shares of the transportation company’s stock worth $1,703,291,000 after purchasing an additional 240,253 shares during the period. Finally, Victory Capital Management Inc. boosted its holdings in shares of United Parcel Service by 72.9% in the 4th quarter. Victory Capital Management Inc. now owns 13,818,314 shares of the transportation company’s stock worth $1,370,639,000 after buying an additional 5,826,824 shares during the last quarter. Institutional investors own 60.26% of the company’s stock.

Wall Street Analysts Forecast Growth

UPS has been the subject of several research reports. Susquehanna increased their price target on shares of United Parcel Service from $116.00 to $118.00 and gave the company a “neutral” rating in a research report on Wednesday, April 29th. Citigroup lifted their price objective on shares of United Parcel Service from $118.00 to $127.00 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. Evercore dropped their target price on shares of United Parcel Service from $115.00 to $113.00 and set an “in-line” rating on the stock in a research note on Wednesday, April 22nd. UBS Group reduced their target price on shares of United Parcel Service from $125.00 to $123.00 and set a “buy” rating for the company in a research report on Wednesday, April 29th. Finally, Weiss Ratings lowered shares of United Parcel Service from a “hold (c)” rating to a “sell (d+)” rating in a research note on Friday, May 8th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, eleven have issued a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $110.85.

United Parcel Service Stock Down 1.8%

Shares of NYSE UPS opened at $110.00 on Thursday. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.21 and a quick ratio of 1.21. The stock has a market capitalization of $93.50 billion, a PE ratio of 17.80, a P/E/G ratio of 1.78 and a beta of 1.05. United Parcel Service, Inc. has a one year low of $82.00 and a one year high of $122.41. The business’s fifty day moving average price is $105.09 and its 200-day moving average price is $105.48.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings data on Tuesday, April 28th. The transportation company reported $1.07 earnings per share for the quarter, topping the consensus estimate of $1.02 by $0.05. United Parcel Service had a return on equity of 35.95% and a net margin of 5.94%.The company had revenue of $21.20 billion during the quarter, compared to analyst estimates of $20.99 billion. During the same quarter last year, the firm posted $1.49 EPS. The firm’s revenue for the quarter was down 1.4% on a year-over-year basis. On average, equities research analysts anticipate that United Parcel Service, Inc. will post 7.11 EPS for the current year.

United Parcel Service Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 4th. Stockholders of record on Monday, May 18th were paid a $1.64 dividend. The ex-dividend date was Monday, May 18th. This represents a $6.56 annualized dividend and a dividend yield of 6.0%. United Parcel Service’s dividend payout ratio (DPR) is presently 106.15%.

United Parcel Service Profile

United Parcel Service (NYSE: UPS) is a global package delivery and supply chain management company that provides a broad range of transportation, logistics and e-commerce services. Its core business centers on small-package delivery and last-mile distribution for business and individual customers, supported by a network of ground transportation, air cargo operations (UPS Airlines) and sorting facilities. In addition to parcel delivery, UPS offers freight transportation, contract logistics, warehousing, customs brokerage and reverse-logistics solutions designed to support domestic and international commerce.

The company traces its roots to 1907 when it began as a small messenger service in the United States and later evolved into the United Parcel Service.