Bokf Na Decreases Stock Holdings in United Parcel Service, Inc. $UPS

Key Points

• Bokf Na cut its UPS stake by 56.1% in the fourth quarter, selling 15,189 shares and leaving it with 11,866 shares worth about $1.18 million.
• UPS reported better-than-expected quarterly earnings of $1.07 per share on revenue of $21.20 billion, though revenue still fell 1.4% year over year.
• The company declared a quarterly dividend of $1.64 per share, which annualizes to $6.56 and implies a 6.5% yield, while analysts currently rate the stock a consensus Hold.

Bokf Na decreased its holdings in United Parcel Service, Inc. (NYSE:UPS - Free Report) by 56.1% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 11,866 shares of the transportation company's stock after selling 15,189 shares during the quarter. Bokf Na's holdings in United Parcel Service were worth $1,177,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. Torren Management LLC bought a new stake in shares of United Parcel Service during the 4th quarter valued at about $29,000. Physician Wealth Advisors Inc. grew its stake in shares of United Parcel Service by 76.5% during the 3rd quarter. Physician Wealth Advisors Inc. now owns 376 shares of the transportation company's stock valued at $31,000 after purchasing an additional 163 shares during the period. Activest Wealth Management grew its stake in shares of United Parcel Service by 144.3% during the 4th quarter. Activest Wealth Management now owns 408 shares of the transportation company's stock valued at $40,000 after purchasing an additional 241 shares during the period. Avion Wealth grew its stake in shares of United Parcel Service by 284.1% during the 3rd quarter. Avion Wealth now owns 434 shares of the transportation company's stock valued at $36,000 after purchasing an additional 321 shares during the period. Finally, Optima Capital LLC bought a new stake in shares of United Parcel Service during the 4th quarter valued at about $44,000. Hedge funds and other institutional investors own 60.26% of the company's stock.

United Parcel Service Trading Up 0.6%

Shares of UPS opened at $100.74 on Friday. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.21 and a quick ratio of 1.22. United Parcel Service, Inc. has a 1 year low of $82.00 and a 1 year high of $122.41. The company has a 50 day simple moving average of $102.47 and a two-hundred day simple moving average of $102.21. The firm has a market cap of $85.54 billion, a P/E ratio of 16.30, a price-to-earnings-growth ratio of 1.59 and a beta of 1.06.

United Parcel Service (NYSE:UPS - Get Free Report) last announced its quarterly earnings data on Tuesday, April 28th. The transportation company reported $1.07 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.02 by $0.05. United Parcel Service had a net margin of 5.94% and a return on equity of 35.95%. The business had revenue of $21.20 billion during the quarter, compared to analyst estimates of $20.99 billion. During the same period last year, the firm posted $1.49 EPS. The company's revenue was down 1.4% on a year-over-year basis. On average, equities analysts expect that United Parcel Service, Inc. will post 7.1 earnings per share for the current fiscal year.

United Parcel Service Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 4th. Stockholders of record on Monday, May 18th will be given a dividend of $1.64 per share. This represents a $6.56 dividend on an annualized basis and a dividend yield of 6.5%. The ex-dividend date is Monday, May 18th. United Parcel Service's dividend payout ratio is currently 106.15%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on UPS shares. Susquehanna boosted their price target on United Parcel Service from $116.00 to $118.00 and gave the company a "neutral" rating in a research note on Wednesday, April 29th. Sanford C. Bernstein boosted their price target on United Parcel Service from $122.00 to $125.00 and gave the company an "outperform" rating in a research note on Friday, January 9th. UBS Group cut their price target on United Parcel Service from $125.00 to $123.00 and set a "buy" rating for the company in a research note on Wednesday, April 29th. Stephens boosted their price target on United Parcel Service from $113.00 to $115.00 and gave the company an "equal weight" rating in a research note on Wednesday, January 28th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on United Parcel Service from $88.00 to $106.00 and gave the company a "hold" rating in a research note on Wednesday, January 28th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, twelve have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $111.87.

United Parcel Service Company 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.

Want to see what other hedge funds are holding UPS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for United Parcel Service, Inc. (NYSE:UPS - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.