Gilbert & Cook Inc. Has $4.33 Million Stock Position in United Parcel Service, Inc. (NYSE:UPS)

Gilbert & Cook Inc. lowered its position in United Parcel Service, Inc. (NYSE:UPS - Free Report) by 24.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 39,366 shares of the transportation company's stock after selling 12,774 shares during the quarter. United Parcel Service makes up approximately 0.6% of Gilbert & Cook Inc.'s holdings, making the stock its 15th biggest position. Gilbert & Cook Inc.'s holdings in United Parcel Service were worth $4,330,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in UPS. Geode Capital Management LLC boosted its position in United Parcel Service by 2.7% during the fourth quarter. Geode Capital Management LLC now owns 15,704,334 shares of the transportation company's stock worth $1,979,695,000 after purchasing an additional 414,710 shares during the period. Franklin Resources Inc. increased its stake in shares of United Parcel Service by 15.6% in the fourth quarter. Franklin Resources Inc. now owns 10,979,909 shares of the transportation company's stock worth $1,384,567,000 after purchasing an additional 1,484,452 shares during the period. FMR LLC lifted its position in shares of United Parcel Service by 2.5% during the 4th quarter. FMR LLC now owns 10,895,828 shares of the transportation company's stock worth $1,373,964,000 after purchasing an additional 268,278 shares during the last quarter. Norges Bank acquired a new stake in United Parcel Service in the 4th quarter valued at approximately $1,075,393,000. Finally, Northern Trust Corp lifted its holdings in shares of United Parcel Service by 9.6% during the fourth quarter. Northern Trust Corp now owns 7,391,605 shares of the transportation company's stock worth $932,081,000 after buying an additional 648,539 shares during the last quarter. 60.26% of the stock is owned by hedge funds and other institutional investors.

United Parcel Service Stock Up 1.0%

United Parcel Service stock traded up $1.06 during mid-day trading on Friday, reaching $103.59. The company's stock had a trading volume of 5,471,470 shares, compared to its average volume of 4,516,731. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.09 and a current ratio of 1.09. The business's 50 day simple moving average is $100.01 and its 200 day simple moving average is $107.36. The company has a market capitalization of $87.72 billion, a price-to-earnings ratio of 15.10, a price-to-earnings-growth ratio of 1.97 and a beta of 1.21. United Parcel Service, Inc. has a 12 month low of $90.55 and a 12 month high of $145.01.

United Parcel Service (NYSE:UPS - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The transportation company reported $1.49 earnings per share for the quarter, topping 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 company had revenue of $21.50 billion for the quarter, compared to analyst estimates of $21.25 billion. During the same period in the previous year, the business earned $1.43 EPS. United Parcel Service's revenue for the quarter was down .9% compared to the same quarter last year. As a group, research analysts anticipate that United Parcel Service, Inc. will post 7.95 earnings per share for the current year.

United Parcel Service Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, June 5th. Stockholders of record on Monday, May 19th were given a $1.64 dividend. This represents a $6.56 annualized dividend and a dividend yield of 6.33%. The ex-dividend date of this dividend was Monday, May 19th. United Parcel Service's payout ratio is 95.63%.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. Hsbc Global Res lowered shares of United Parcel Service from a "strong-buy" rating to a "hold" rating in a research report on Thursday, May 1st. Wolfe Research dropped their price target on shares of United Parcel Service from $133.00 to $113.00 and set an "outperform" rating for the company in a research report on Wednesday, April 9th. Loop Capital dropped their target price on United Parcel Service from $115.00 to $105.00 and set a "hold" rating for the company in a report on Wednesday, April 30th. 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 report on Tuesday, July 8th. Finally, Wall Street Zen lowered shares of United Parcel Service from a "buy" rating to a "hold" rating in a report on Wednesday, May 7th. Two analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $118.22.

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.