Hunter Associates Investment Management LLC Sells 2,725 Shares of United Parcel Service, Inc. (NYSE:UPS)

Hunter Associates Investment Management LLC trimmed its position in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 27.8% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 7,060 shares of the transportation company's stock after selling 2,725 shares during the quarter. Hunter Associates Investment Management LLC's holdings in United Parcel Service were worth $775,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. IMG Wealth Management Inc. bought a new position in United Parcel Service during the 4th quarter valued at approximately $25,000. Generali Investments Management Co LLC purchased a new stake in shares of United Parcel Service in the fourth quarter worth $26,000. Pinney & Scofield Inc. bought a new position in shares of United Parcel Service during the fourth quarter valued at $27,000. Citizens National Bank Trust Department raised its position in shares of 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 purchasing an additional 210 shares during the last quarter. Finally, Fourth Dimension Wealth LLC purchased a new position in shares of United Parcel Service in the 4th quarter worth about $28,000. Hedge funds and other institutional investors own 60.26% of the company's stock.

United Parcel Service Stock Performance

Shares of UPS stock traded down $1.63 during mid-day trading on Friday, reaching $101.29. 4,337,400 shares of the company's stock traded hands, compared to its average volume of 5,255,610. 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 capitalization of $85.77 billion, a PE ratio of 14.77, a price-to-earnings-growth ratio of 1.98 and a beta of 1.21. United Parcel Service, Inc. has a 12 month low of $90.55 and a 12 month high of $148.15. The firm has a 50 day moving average price of $99.32 and a two-hundred day moving average price of $109.23.

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

United Parcel Service Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 5th. Stockholders of record on Monday, May 19th were paid a $1.64 dividend. The ex-dividend date was Monday, May 19th. This represents a $6.56 dividend on an annualized basis and a dividend yield of 6.48%. United Parcel Service's dividend payout ratio (DPR) is presently 95.63%.

Wall Street Analyst Weigh In

Several brokerages recently commented on UPS. Galvan Research cut their price objective on shares of United Parcel Service from $147.00 to $133.00 and set a "buy" rating on the stock in a research report on Wednesday, April 9th. Wolfe Research cut 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 report on Wednesday, April 9th. HSBC downgraded shares of United Parcel Service from a "buy" rating to a "hold" rating and set a $105.00 price target for the company. in a research report on Thursday, May 1st. Raymond James Financial lowered their price objective on United Parcel Service from $145.00 to $130.00 and set a "strong-buy" rating on the stock in a research report on Wednesday, April 9th. Finally, Wall Street Zen lowered United Parcel Service from a "buy" rating to a "hold" rating in a report on Wednesday, May 7th. Two research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $119.13.

United Parcel Service Company 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.