Noesis Capital Mangement Corp Has $6.20 Million Position in United Parcel Service, Inc. (NYSE:UPS)

Noesis Capital Mangement Corp cut its stake in United Parcel Service, Inc. (NYSE:UPS - Free Report) by 4.8% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 56,402 shares of the transportation company's stock after selling 2,813 shares during the period. Noesis Capital Mangement Corp's holdings in United Parcel Service were worth $6,204,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. AE Wealth Management LLC raised its holdings in United Parcel Service by 142.7% in the first quarter. AE Wealth Management LLC now owns 44,827 shares of the transportation company's stock valued at $4,931,000 after buying an additional 26,360 shares during the period. Wedbush Securities Inc. lifted its holdings in United Parcel Service by 23.3% in the first quarter. Wedbush Securities Inc. now owns 17,971 shares of the transportation company's stock worth $1,977,000 after purchasing an additional 3,399 shares during the period. IMA Advisory Services Inc. acquired a new stake in United Parcel Service in the first quarter worth about $55,000. Venturi Wealth Management LLC raised its position in United Parcel Service by 20.8% in the first quarter. Venturi Wealth Management LLC now owns 16,848 shares of the transportation company's stock worth $1,853,000 after acquiring an additional 2,896 shares in the last quarter. Finally, SYM FINANCIAL Corp bought a new stake in United Parcel Service in the first quarter worth about $242,000. 60.26% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on UPS shares. Oppenheimer dropped their price target on shares of 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. Barclays dropped their price target on shares of United Parcel Service from $100.00 to $90.00 and set an "underweight" rating on the stock in a research report on Monday, March 31st. Bank of America boosted their price objective on United Parcel Service from $111.00 to $115.00 and gave the stock a "buy" rating in a report on Friday, May 16th. 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, July 3rd. Finally, UBS Group cut their price objective on United Parcel Service from $128.00 to $124.00 and set a "buy" rating on the stock in a report on Wednesday, July 2nd. Two investment analysts have rated the stock with a sell rating, fourteen have given a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $118.22.

United Parcel Service Stock Performance

UPS stock traded up $1.06 during midday trading on Friday, hitting $103.59. The stock had a trading volume of 5,471,470 shares, compared to its average volume of 5,912,701. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.24. The stock has a 50-day simple moving average of $99.96 and a 200 day simple moving average of $107.51. United Parcel Service, Inc. has a 52 week low of $90.55 and a 52 week high of $145.01. The firm has a market capitalization of $87.72 billion, a price-to-earnings ratio of 15.10, a P/E/G ratio of 1.99 and a beta of 1.21.

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, beating analysts' consensus estimates of $1.38 by $0.11. The company had revenue of $21.50 billion during the quarter, compared to analyst estimates of $21.25 billion. United Parcel Service had a return on equity of 40.15% and a net margin of 6.44%. The firm's quarterly revenue was down .9% compared to the same quarter last year. During the same period last year, the company posted $1.43 earnings per share. As a group, equities research analysts anticipate that United Parcel Service, Inc. will post 7.95 earnings per share 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 $1.64 dividend. This represents a $6.56 annualized dividend and a yield of 6.33%. The ex-dividend date was Monday, May 19th. United Parcel Service's dividend payout ratio is 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.