Kintegral Advisory LLC Cuts Stock Holdings in United Parcel Service, Inc. (NYSE:UPS)

Kintegral Advisory LLC lessened its stake in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 32.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,562 shares of the transportation company's stock after selling 5,180 shares during the quarter. Kintegral Advisory LLC's holdings in United Parcel Service were worth $1,162,000 at the end of the most recent reporting period.

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

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on UPS shares. BNP Paribas Exane upgraded United Parcel Service from an "underperform" rating to a "neutral" rating and set a $100.00 price objective on the stock in a report on Thursday. HSBC cut United Parcel Service from a "buy" rating to a "hold" rating and set a $105.00 price objective on the stock. in a report on Thursday, May 1st. Susquehanna decreased their price objective on United Parcel Service from $120.00 to $110.00 and set a "neutral" rating on the stock in a report on Wednesday, April 30th. Stifel Nicolaus cut their target price on United Parcel Service from $145.00 to $124.00 and set a "buy" rating on the stock in a research report on Wednesday, April 30th. Finally, Wolfe Research cut their target price on United Parcel Service from $133.00 to $113.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 9th. Two equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $119.29.

United Parcel Service Stock Performance

NYSE UPS traded down $1.30 during trading hours on Friday, hitting $104.24. The company had a trading volume of 2,961,254 shares, compared to its average volume of 5,227,763. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.09 and a current ratio of 1.09. United Parcel Service, Inc. has a 1-year low of $90.55 and a 1-year high of $148.15. The company has a market cap of $88.27 billion, a PE ratio of 15.20, a price-to-earnings-growth ratio of 2.01 and a beta of 1.21. The business has a 50 day moving average of $98.83 and a 200-day moving average of $109.75.

United Parcel Service (NYSE:UPS - Get Free Report) last announced its earnings results 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 business 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 earned $1.43 earnings per share. The business's quarterly revenue was down .9% compared to the same quarter last year. As a group, equities research analysts expect that United Parcel Service, Inc. will post 7.95 EPS for the current year.

United Parcel Service Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, June 5th. Investors of record on Monday, May 19th were issued a dividend of $1.64 per share. The ex-dividend date was Monday, May 19th. This represents a $6.56 annualized dividend and a yield of 6.29%. United Parcel Service's dividend payout ratio is currently 95.63%.

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.