Mediolanum International Funds Ltd Has $2.98 Million Stock Holdings in United Parcel Service, Inc. (NYSE:UPS)

Key Points

• Mediolanum International Funds Ltd reduced its holdings in United Parcel Service (UPS) by 13.6% during the first quarter, now owning approximately $2.98 million in shares.
• Multiple analysts have lowered their price targets for UPS, with consensus ratings showing 14 hold ratings, 11 buy ratings, and 2 sell ratings, reflecting mixed sentiment.
• UPS recently announced a quarterly dividend of $1.64 per share, resulting in a dividend yield of 6.33% and a high payout ratio of 95.63%.

Mediolanum International Funds Ltd reduced its position in United Parcel Service, Inc. (NYSE:UPS - Free Report) by 13.6% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 27,157 shares of the transportation company's stock after selling 4,270 shares during the period. Mediolanum International Funds Ltd's holdings in United Parcel Service were worth $2,978,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of UPS. Gallacher Capital Management LLC acquired a new position in shares of United Parcel Service during the 1st quarter valued at about $620,000. Garde Capital Inc. bought a new stake in shares of United Parcel Service in the 1st quarter worth approximately $37,000. Golden State Wealth Management LLC lifted its position in shares of United Parcel Service by 61.3% during the 1st quarter. Golden State Wealth Management LLC now owns 1,576 shares of the transportation company's stock worth $173,000 after buying an additional 599 shares during the period. CWA Asset Management Group LLC lifted its position in shares of United Parcel Service by 5.9% during the 1st quarter. CWA Asset Management Group LLC now owns 3,467 shares of the transportation company's stock worth $381,000 after buying an additional 193 shares during the period. Finally, Advisor Resource Council bought a new position in shares of United Parcel Service during the 1st quarter worth approximately $437,000. 60.26% of the stock is owned by institutional investors and hedge funds.

United Parcel Service Stock Performance

Shares of United Parcel Service stock traded down $0.53 on Thursday, hitting $86.65. The stock had a trading volume of 7,128,456 shares, compared to its average volume of 6,169,250. United Parcel Service, Inc. has a twelve month low of $85.76 and a twelve month high of $145.01. The business's 50 day moving average is $99.75 and its two-hundred day moving average is $106.69. The company has a quick ratio of 1.09, a current ratio of 1.32 and a debt-to-equity ratio of 1.51. The stock has a market cap of $73.38 billion, a price-to-earnings ratio of 12.89, a price-to-earnings-growth ratio of 1.75 and a beta of 1.21.

United Parcel Service (NYSE:UPS - Get Free Report) last posted its earnings results on Tuesday, July 29th. The transportation company reported $1.55 EPS for the quarter, missing the consensus estimate of $1.56 by ($0.01). The firm had revenue of $21.20 billion during the quarter, compared to analyst estimates of $20.90 billion. United Parcel Service had a net margin of 6.34% and a return on equity of 39.61%. United Parcel Service's revenue for the quarter was down 2.7% compared to the same quarter last year. During the same period in the previous year, the company posted $1.79 EPS. Analysts forecast that United Parcel Service, Inc. will post 7.95 EPS for the current year.

United Parcel Service Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 5th. Shareholders of record on Monday, May 19th were paid a dividend of $1.64 per share. The ex-dividend date was Monday, May 19th. This represents a $6.56 dividend on an annualized basis and a yield of 7.57%. United Parcel Service's dividend payout ratio (DPR) is presently 97.62%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on UPS shares. Oppenheimer dropped their price target on United Parcel Service from $114.00 to $100.00 and set an "outperform" rating for the company in a report on Wednesday. Stephens lowered their target price on United Parcel Service from $110.00 to $101.00 in a research note on Wednesday, April 30th. UBS Group decreased their price objective on United Parcel Service from $124.00 to $118.00 and set a "buy" rating for the company in a research note on Wednesday. Citigroup lifted their price objective on United Parcel Service from $122.00 to $127.00 and gave the stock a "buy" rating in a research note on Wednesday, July 9th. Finally, Raymond James Financial decreased their target price on United Parcel Service from $145.00 to $130.00 and set a "strong-buy" rating for the company in a research note on Wednesday, April 9th. Two research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, United Parcel Service presently has an average rating of "Hold" and a consensus target price of $113.38.

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.