Cardinal Capital Management Buys 2,123 Shares of United Parcel Service, Inc. (NYSE:UPS)

Cardinal Capital Management lifted its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 10.9% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 21,550 shares of the transportation company’s stock after acquiring an additional 2,123 shares during the quarter. Cardinal Capital Management’s holdings in United Parcel Service were worth $3,203,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in the stock. Tennessee Valley Asset Management Partners bought a new stake in United Parcel Service in the fourth quarter worth approximately $26,000. Life Planning Partners Inc bought a new stake in United Parcel Service in the fourth quarter worth approximately $28,000. Northwest Financial Advisors bought a new stake in United Parcel Service in the fourth quarter worth approximately $28,000. Pineridge Advisors LLC bought a new stake in United Parcel Service in the fourth quarter worth approximately $31,000. Finally, Bourgeon Capital Management LLC bought a new stake in United Parcel Service in the fourth quarter worth approximately $31,000. 60.26% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have weighed in on UPS shares. BMO Capital Markets lifted their target price on United Parcel Service from $165.00 to $169.00 and gave the stock a “market perform” rating in a report on Wednesday, April 24th. Redburn Atlantic upgraded United Parcel Service from a “neutral” rating to a “buy” rating and set a $180.00 price objective for the company in a report on Wednesday, April 3rd. Bank of America boosted their price objective on United Parcel Service from $157.00 to $160.00 and gave the company a “neutral” rating in a report on Wednesday, April 24th. Oppenheimer boosted their price objective on United Parcel Service from $153.00 to $157.00 and gave the company an “outperform” rating in a report on Wednesday, April 24th. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on United Parcel Service from $183.00 to $179.00 and set a “buy” rating for the company in a report on Thursday, March 28th. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $164.55.

United Parcel Service Stock Performance

UPS stock traded down $2.32 during midday trading on Thursday, hitting $135.83. The company’s stock had a trading volume of 3,703,345 shares, compared to its average volume of 4,048,116. The stock’s 50-day moving average price is $141.96 and its 200 day moving average price is $148.83. 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 market cap 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 (NYSE:UPS) last posted its quarterly earnings data on Tuesday, April 23rd. The transportation company reported $1.43 earnings per share for the quarter, topping the consensus estimate of $1.33 by $0.10. The business had revenue of $21.70 billion for the quarter, compared to analysts’ expectations of $21.84 billion. United Parcel Service had a return on equity of 37.42% and a net margin of 6.60%. The business’s revenue was down 5.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.20 earnings per share. On average, equities 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 announced a quarterly dividend, which was paid on Thursday, May 30th. Shareholders of record on Monday, May 13th were paid 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 payout ratio is presently 94.49%.

About United Parcel Service

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.