Morningstar Investment Services LLC trimmed its stake in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 55.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,107 shares of the transportation company's stock after selling 13,578 shares during the period. Morningstar Investment Services LLC's holdings in United Parcel Service were worth $1,222,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Pinney & Scofield Inc. purchased a new position in United Parcel Service in the fourth quarter valued at $27,000. Fourth Dimension Wealth LLC purchased a new position in United Parcel Service in the fourth quarter valued at $28,000. Runnymede Capital Advisors Inc. purchased a new position in United Parcel Service in the fourth quarter valued at $30,000. Graybill Wealth Management LTD. purchased a new position in United Parcel Service in the first quarter valued at $26,000. Finally, Marshall & Sterling Wealth Advisors Inc. purchased a new position in United Parcel Service in the fourth quarter valued at $31,000. 60.26% of the stock is owned by institutional investors and hedge funds.
United Parcel Service Trading Up 0.2%
Shares of NYSE:UPS traded up $0.17 during mid-day trading on Monday, reaching $99.39. 2,070,337 shares of the company were exchanged, compared to its average volume of 5,261,340. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.09 and a quick ratio of 1.09. The firm has a market cap of $84.16 billion, a price-to-earnings ratio of 14.48, a P/E/G ratio of 1.91 and a beta of 1.21. The firm's 50-day simple moving average is $99.85 and its 200 day simple moving average is $107.91. United Parcel Service, Inc. has a 1 year low of $90.55 and a 1 year high of $146.17.
United Parcel Service (NYSE:UPS - Get Free Report) last posted its quarterly earnings data 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. The firm had revenue of $21.50 billion during the quarter, compared to analysts' expectations of $21.25 billion. United Parcel Service had a net margin of 6.44% and a return on equity of 40.15%. The firm's quarterly revenue was down .9% on a year-over-year basis. During the same quarter last year, the company posted $1.43 EPS. Equities research analysts forecast that United Parcel Service, Inc. will post 7.95 EPS for the current 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 given a dividend of $1.64 per share. The ex-dividend date of this dividend was Monday, May 19th. This represents a $6.56 dividend on an annualized basis and a dividend yield of 6.60%. United Parcel Service's payout ratio is currently 95.63%.
Wall Street Analyst Weigh In
A number of research analysts have weighed in on the stock. Barclays cut their price objective on shares of United Parcel Service from $100.00 to $90.00 and set an "underweight" rating for the company in a report on Monday, March 31st. HSBC cut shares of United Parcel Service from a "buy" rating to a "hold" rating and set a $105.00 price objective for the company. in a report on Thursday, May 1st. BMO Capital Markets cut their target price on shares of United Parcel Service from $130.00 to $125.00 and set an "outperform" rating for the company in a research note on Wednesday, April 30th. Raymond James Financial cut their target price on shares of 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. Finally, Oppenheimer cut their target price on shares of United Parcel Service from $126.00 to $114.00 and set an "outperform" rating for the company in a research note on Wednesday, April 30th. Two analysts have rated the stock with a sell rating, fifteen have given a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $119.13.
Check Out Our Latest Stock Analysis on UPS
United Parcel Service Profile
(
Free Report)
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.
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