Aurdan Capital Management LLC Sells 8,316 Shares of United Parcel Service, Inc. (NYSE:UPS)

Aurdan Capital Management LLC trimmed its stake in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 50.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 8,171 shares of the transportation company's stock after selling 8,316 shares during the period. Aurdan Capital Management LLC's holdings in United Parcel Service were worth $899,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Brighton Jones LLC lifted its holdings in United Parcel Service by 63.8% in the fourth quarter. Brighton Jones LLC now owns 12,126 shares of the transportation company's stock valued at $1,529,000 after buying an additional 4,723 shares during the period. Proficio Capital Partners LLC acquired a new position in United Parcel Service in the fourth quarter valued at approximately $219,000. Independent Advisor Alliance lifted its holdings in United Parcel Service by 20.3% in the fourth quarter. Independent Advisor Alliance now owns 46,258 shares of the transportation company's stock valued at $5,833,000 after buying an additional 7,821 shares during the period. Citizens Financial Group Inc. RI lifted its holdings in United Parcel Service by 7.5% in the fourth quarter. Citizens Financial Group Inc. RI now owns 15,719 shares of the transportation company's stock valued at $1,982,000 after buying an additional 1,095 shares during the period. Finally, AGF Management Ltd. lifted its holdings in United Parcel Service by 354.6% in the fourth quarter. AGF Management Ltd. now owns 23,965 shares of the transportation company's stock valued at $3,022,000 after buying an additional 18,693 shares during the period. 60.26% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the stock. JPMorgan Chase & Co. cut their target price on shares of United Parcel Service from $110.00 to $107.00 and set a "neutral" rating on the stock in a report on Tuesday. BMO Capital Markets cut their target price on shares of United Parcel Service from $130.00 to $125.00 and set an "outperform" rating on the stock in a report on Wednesday, April 30th. Wolfe Research cut their target price on shares of United Parcel Service from $133.00 to $113.00 and set an "outperform" rating on the stock in a report on Wednesday, April 9th. BNP Paribas Exane upgraded shares of United Parcel Service from an "underperform" rating to a "neutral" rating and set a $100.00 target price on the stock in a report on Thursday, July 3rd. Finally, Susquehanna lowered their price objective on shares of United Parcel Service from $120.00 to $110.00 and set a "neutral" rating for the company in a research report on Wednesday, April 30th. Two equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $119.13.

United Parcel Service Stock Performance

Shares of UPS traded down $0.92 during midday trading on Friday, reaching $102.00. The stock had a trading volume of 1,846,988 shares, compared to its average volume of 5,238,894. The firm has a 50 day simple moving average of $99.32 and a 200-day simple moving average of $109.23. United Parcel Service, Inc. has a one year low of $90.55 and a one year high of $148.15. The firm has a market cap of $86.37 billion, a PE ratio of 14.87, a P/E/G ratio of 1.96 and a beta of 1.21. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.24.

United Parcel Service (NYSE:UPS - Get Free Report) last announced its earnings results on Tuesday, April 29th. The transportation company reported $1.49 EPS for the quarter, topping the consensus estimate of $1.38 by $0.11. The business had revenue of $21.50 billion during the quarter, compared to the consensus estimate of $21.25 billion. United Parcel Service had a net margin of 6.44% and a return on equity of 40.15%. United Parcel Service's revenue was down .9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.43 EPS. As a group, sell-side analysts anticipate that United Parcel Service, Inc. will post 7.95 EPS for the current year.

United Parcel Service Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 5th. Stockholders of record on Monday, May 19th were issued a dividend of $1.64 per share. The ex-dividend date of this dividend was Monday, May 19th. This represents a $6.56 annualized dividend and a dividend yield of 6.43%. United Parcel Service's dividend payout ratio is presently 95.63%.

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.