United Parcel Service, Inc. (NYSE:UPS) Shares Sold by L. Roy Papp & Associates LLP

L. Roy Papp & Associates LLP decreased its position in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 38.2% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,841 shares of the transportation company's stock after selling 6,710 shares during the quarter. L. Roy Papp & Associates LLP's holdings in United Parcel Service were worth $1,192,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Quent Capital LLC lifted its position in shares of United Parcel Service by 16.7% in the fourth quarter. Quent Capital LLC now owns 558 shares of the transportation company's stock valued at $70,000 after acquiring an additional 80 shares in the last quarter. Altus Wealth Group LLC lifted its position in shares of United Parcel Service by 4.6% in the fourth quarter. Altus Wealth Group LLC now owns 2,022 shares of the transportation company's stock valued at $255,000 after acquiring an additional 89 shares in the last quarter. Alliance Wealth Advisors LLC lifted its position in shares of United Parcel Service by 3.8% in the fourth quarter. Alliance Wealth Advisors LLC now owns 2,559 shares of the transportation company's stock valued at $323,000 after acquiring an additional 94 shares in the last quarter. Morningstar Investment Management LLC lifted its position in shares of United Parcel Service by 1.9% in the fourth quarter. Morningstar Investment Management LLC now owns 5,052 shares of the transportation company's stock valued at $637,000 after acquiring an additional 95 shares in the last quarter. Finally, Colonial Trust Co SC lifted its position in shares of United Parcel Service by 1.4% in the fourth quarter. Colonial Trust Co SC now owns 7,227 shares of the transportation company's stock valued at $911,000 after acquiring an additional 98 shares in the last quarter. Institutional investors and hedge funds own 60.26% of the company's stock.

United Parcel Service Trading Up 1.4%

NYSE:UPS traded up $1.37 on Friday, hitting $98.24. 3,041,147 shares of the stock were exchanged, compared to its average volume of 5,162,779. The stock has a market cap of $83.19 billion, a PE ratio of 14.53, a PEG ratio of 1.55 and a beta of 1.22. The company has a current ratio of 1.17, a quick ratio of 1.14 and a debt-to-equity ratio of 1.16. The stock has a fifty day moving average of $97.32 and a 200-day moving average of $113.74. United Parcel Service, Inc. has a fifty-two week low of $90.55 and a fifty-two week high of $148.15.

United Parcel Service (NYSE:UPS - Get Free Report) last announced 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. United Parcel Service had a return on equity of 39.13% and a net margin of 6.35%. The company had revenue of $21.50 billion during the quarter, compared to analyst estimates of $21.25 billion. During the same period in the prior year, the firm posted $1.43 earnings per share. The firm's revenue was down .9% on a year-over-year basis. As a group, equities analysts expect that United Parcel Service, Inc. will post 7.95 earnings per share for the current fiscal year.

United Parcel Service Dividend Announcement

The business also recently announced 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 6.68%. United Parcel Service's dividend payout ratio (DPR) is currently 95.63%.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on UPS shares. Bank of America upped their price objective on United Parcel Service from $111.00 to $115.00 and gave the company a "buy" rating in a research report on Friday, May 16th. Oppenheimer reduced their target price on United Parcel Service from $126.00 to $114.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 30th. Wells Fargo & Company reiterated an "equal weight" rating and set a $98.00 target price (down from $120.00) on shares of United Parcel Service in a research report on Tuesday, April 22nd. Galvan Research reduced their target price on 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. Finally, Loop Capital reduced their target price on United Parcel Service from $115.00 to $105.00 and set a "hold" rating on the stock in a research report on Wednesday, April 30th. Two research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, United Parcel Service presently has an average rating of "Hold" and an average price target of $120.26.

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.