Cypress Asset Management Inc. TX Purchases Shares of 15,210 United Parcel Service, Inc. (NYSE:UPS)

Cypress Asset Management Inc. TX acquired a new stake in United Parcel Service, Inc. (NYSE:UPS - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 15,210 shares of the transportation company's stock, valued at approximately $2,391,000.

A number of other institutional investors have also modified their holdings of UPS. International Assets Investment Management LLC raised its position in shares of United Parcel Service by 15,631.2% in the fourth 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 buying an additional 14,410,073 shares during the last quarter. Norges Bank acquired a new position in United Parcel Service during the fourth quarter worth approximately $1,128,322,000. Wellington Management Group LLP increased its position in United Parcel Service by 31.7% during the third quarter. Wellington Management Group LLP now owns 9,677,202 shares of the transportation company's stock worth $1,508,385,000 after purchasing an additional 2,331,875 shares during the last quarter. Franklin Resources Inc. increased its position in United Parcel Service by 11.4% during the fourth quarter. Franklin Resources Inc. now owns 9,607,055 shares of the transportation company's stock worth $1,510,517,000 after purchasing an additional 980,317 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in United Parcel Service by 4.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 15,889,570 shares of the transportation company's stock worth $2,456,055,000 after purchasing an additional 628,944 shares during the last quarter. Institutional investors and hedge funds own 60.26% of the company's stock.

United Parcel Service Stock Performance

Shares of NYSE:UPS traded down $4.66 on Thursday, reaching $139.11. 4,434,676 shares of the company's stock were exchanged, compared to its average volume of 4,033,240. The firm has a market capitalization of $119.02 billion, a price-to-earnings ratio of 20.16, a PEG ratio of 1.84 and a beta of 1.05. United Parcel Service, Inc. has a fifty-two week low of $133.68 and a fifty-two week high of $192.98. The business's 50-day moving average is $148.14 and its two-hundred day moving average is $150.81. 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 - Get Free Report) last issued 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. United Parcel Service had a net margin of 6.60% and a return on equity of 37.42%. The company had revenue of $21.70 billion for the quarter, compared to analysts' expectations of $21.84 billion. During the same period in the prior year, the company earned $2.20 earnings per share. The firm's revenue was down 5.3% compared to the same quarter last year. As a group, equities research analysts forecast that United Parcel Service, Inc. will post 8.22 EPS for the current year.

United Parcel Service Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 30th. Investors of record on Monday, May 13th will be issued a $1.63 dividend. The ex-dividend date is Friday, May 10th. This represents a $6.52 dividend on an annualized basis and a dividend yield of 4.69%. United Parcel Service's dividend payout ratio (DPR) is presently 94.49%.

Analysts Set New Price Targets

Several research firms have recently issued reports on UPS. TheStreet raised shares of United Parcel Service from a "c" rating to a "b-" rating in a research report on Tuesday, January 30th. Bank of America upped their target price on shares of United Parcel Service from $157.00 to $160.00 and gave the company a "neutral" rating in a research note on Wednesday, April 24th. JPMorgan Chase & Co. decreased their target price on shares of United Parcel Service from $154.00 to $150.00 and set a "neutral" rating for the company in a research note on Tuesday, April 9th. UBS Group upgraded shares of United Parcel Service from a "neutral" rating to a "buy" rating and upped their target price for the company from $160.00 to $175.00 in a research note on Tuesday, February 6th. Finally, Stifel Nicolaus decreased their target price on shares of United Parcel Service from $178.00 to $170.00 and set a "buy" rating for the company in a research note on Thursday, March 28th. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $165.23.

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.