Easterly Investment Partners LLC lessened its holdings in United Parcel Service, Inc. (NYSE:UPS - Free Report) by 61.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 4,316 shares of the transportation company's stock after selling 6,760 shares during the quarter. Easterly Investment Partners LLC's holdings in United Parcel Service were worth $475,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Generali Investments Management Co LLC acquired a new stake in shares of United Parcel Service during the fourth quarter worth about $26,000. Pinney & Scofield Inc. acquired a new stake in shares of United Parcel Service during the fourth quarter worth about $27,000. Fourth Dimension Wealth LLC acquired a new stake in shares of United Parcel Service during the fourth quarter worth about $28,000. Runnymede Capital Advisors Inc. acquired a new position in United Parcel Service in the fourth quarter valued at approximately $30,000. Finally, Graybill Wealth Management LTD. acquired a new position in United Parcel Service in the first quarter valued at approximately $26,000. Institutional investors and hedge funds own 60.26% of the company's stock.
Analysts Set New Price Targets
A number of research analysts have issued reports on the company. Citigroup boosted their price target on United Parcel Service from $122.00 to $127.00 and gave the company a "buy" rating in a report on Wednesday, July 9th. Stifel Nicolaus cut their price objective on United Parcel Service from $145.00 to $124.00 and set a "buy" rating for the company in a research report on Wednesday, April 30th. Barclays cut their price objective on United Parcel Service from $100.00 to $90.00 and set an "underweight" rating for the company in a research report on Monday, March 31st. JPMorgan Chase & Co. cut their price objective on United Parcel Service from $110.00 to $107.00 and set a "neutral" rating for the company in a research report on Tuesday, July 8th. Finally, Susquehanna cut their price objective on 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 research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $119.13.
View Our Latest Research Report on UPS
United Parcel Service Stock Down 0.3%
Shares of NYSE UPS traded down $0.29 during midday trading on Friday, hitting $99.21. 4,569,313 shares of the company's stock were exchanged, compared to its average volume of 5,273,696. The company has a market cap of $84.01 billion, a PE ratio of 14.46, a P/E/G ratio of 1.91 and a beta of 1.21. United Parcel Service, Inc. has a twelve month low of $90.55 and a twelve month high of $146.17. The firm's fifty day simple moving average is $99.85 and its 200-day simple moving average is $108.02. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.09 and a quick ratio of 1.09.
United Parcel Service (NYSE:UPS - Get Free Report) last released its quarterly 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 company had revenue of $21.50 billion for the quarter, compared to analyst estimates of $21.25 billion. United Parcel Service had a return on equity of 40.15% and a net margin of 6.44%. The firm's revenue was down .9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.43 earnings per share. Research analysts predict that United Parcel Service, Inc. will post 7.95 EPS for the current fiscal year.
United Parcel Service Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Thursday, June 5th. Shareholders of record on Monday, May 19th were given a dividend of $1.64 per share. This represents a $6.56 annualized dividend and a yield of 6.61%. The ex-dividend date was Monday, May 19th. United Parcel Service's dividend payout ratio (DPR) is 95.63%.
United Parcel Service Profile
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Free Report)
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.
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