Bank Julius Baer & Co. Ltd Zurich Sells 12,055 Shares of United Parcel Service, Inc. (NYSE:UPS)

Bank Julius Baer & Co. Ltd Zurich decreased its holdings in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 2.2% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 543,872 shares of the transportation company's stock after selling 12,055 shares during the period. Bank Julius Baer & Co. Ltd Zurich owned approximately 0.06% of United Parcel Service worth $64,413,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in UPS. Pinney & Scofield Inc. purchased a new position in shares of United Parcel Service during the 4th quarter worth approximately $27,000. Fourth Dimension Wealth LLC purchased a new position in shares of United Parcel Service during the 4th quarter worth approximately $28,000. Graybill Wealth Management LTD. purchased a new position in shares of United Parcel Service during the 1st quarter worth approximately $26,000. Marshall & Sterling Wealth Advisors Inc. purchased a new position in shares of United Parcel Service during the 4th quarter worth approximately $31,000. Finally, Citizens National Bank Trust Department grew its stake in United Parcel Service by 525.0% in the 1st quarter. Citizens National Bank Trust Department now owns 250 shares of the transportation company's stock worth $27,000 after acquiring an additional 210 shares during the period. 60.26% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have commented on UPS shares. Stifel Nicolaus lowered their target price on shares of United Parcel Service from $145.00 to $124.00 and set a "buy" rating for the company in a research note on Wednesday, April 30th. BMO Capital Markets lowered their target price on shares of United Parcel Service from $130.00 to $125.00 and set an "outperform" rating for the company in a research note on Wednesday, April 30th. Oppenheimer lowered their target price on shares of United Parcel Service from $126.00 to $114.00 and set an "outperform" rating for the company in a research note on Wednesday, April 30th. JPMorgan Chase & Co. lowered their target price on shares of United Parcel Service from $110.00 to $107.00 and set a "neutral" rating for the company in a research note on Tuesday, July 8th. Finally, Susquehanna lowered their target price on shares of United Parcel Service from $120.00 to $110.00 and set a "neutral" rating for the company in a research note on Wednesday, April 30th. Two research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $119.13.

United Parcel Service Price Performance

United Parcel Service stock traded up $2.20 during trading hours on Tuesday, hitting $101.10. 5,747,403 shares of the stock were exchanged, compared to its average volume of 5,276,090. United Parcel Service, Inc. has a 12 month low of $90.55 and a 12 month high of $145.01. The business's 50-day moving average is $99.85 and its two-hundred day moving average is $107.91. The stock has a market capitalization of $85.61 billion, a P/E ratio of 14.74, a P/E/G ratio of 1.90 and a beta of 1.21. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.09 and a current ratio of 1.09.

United Parcel Service (NYSE:UPS - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The transportation company reported $1.49 earnings per share for the quarter, beating the consensus estimate of $1.38 by $0.11. United Parcel Service had a net margin of 6.44% and a return on equity of 40.15%. The business had revenue of $21.50 billion for the quarter, compared to analyst estimates of $21.25 billion. During the same period in the prior year, the business posted $1.43 earnings per share. United Parcel Service's revenue was down .9% compared to the same quarter last year. Equities research analysts expect that United Parcel Service, Inc. will post 7.95 EPS for the current fiscal year.

United Parcel Service Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, June 5th. Stockholders of record on Monday, May 19th were paid a dividend of $1.64 per share. This represents a $6.56 dividend on an annualized basis and a dividend yield of 6.49%. The ex-dividend date was Monday, May 19th. United Parcel Service's dividend payout ratio is presently 95.63%.

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.