Hamel Associates Inc. Sells 6,210 Shares of United Parcel Service, Inc. (NYSE:UPS)

Hamel Associates Inc. reduced its holdings in United Parcel Service, Inc. (NYSE:UPS - Free Report) by 54.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 5,210 shares of the transportation company's stock after selling 6,210 shares during the period. Hamel Associates Inc.'s holdings in United Parcel Service were worth $573,000 at the end of the most recent reporting period.

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

Analyst Ratings Changes

A number of research analysts recently commented on the stock. JPMorgan Chase & Co. decreased their price target on shares of United Parcel Service from $110.00 to $107.00 and set a "neutral" rating on the stock in a research note on Tuesday, July 8th. Wolfe Research decreased their price target on shares of United Parcel Service from $133.00 to $113.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 9th. Citigroup upped their price target on shares of United Parcel Service from $122.00 to $127.00 and gave the company a "buy" rating in a research note on Wednesday, July 9th. Raymond James Financial decreased their price target on shares of United Parcel Service from $145.00 to $130.00 and set a "strong-buy" rating on the stock in a research note on Wednesday, April 9th. Finally, Susquehanna decreased their price target on shares of United Parcel Service from $120.00 to $110.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 30th. Two research 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. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $118.22.

United Parcel Service Price Performance

Shares of United Parcel Service stock traded up $1.06 on Friday, reaching $103.59. 5,471,470 shares of the stock were exchanged, compared to its average volume of 4,516,731. The firm's 50 day moving average is $100.01 and its 200-day moving average is $107.36. United Parcel Service, Inc. has a one year low of $90.55 and a one year high of $145.01. 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 firm has a market cap of $87.72 billion, a PE ratio of 15.10, a P/E/G ratio of 1.97 and a beta of 1.21.

United Parcel Service (NYSE:UPS - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The transportation company reported $1.49 earnings per share for the quarter, topping analysts' consensus estimates 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 during the quarter, compared to the consensus estimate of $21.25 billion. During the same quarter in the prior year, the firm posted $1.43 EPS. The firm's quarterly revenue was down .9% on a year-over-year basis. As a group, analysts anticipate that United Parcel Service, Inc. will post 7.95 EPS for the current fiscal year.

United Parcel Service Announces Dividend

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