NorthCrest Asset Manangement LLC Sells 84,082 Shares of United Parcel Service, Inc. (NYSE:UPS)

NorthCrest Asset Manangement LLC trimmed its stake in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 95.4% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 4,063 shares of the transportation company's stock after selling 84,082 shares during the quarter. NorthCrest Asset Manangement LLC's holdings in United Parcel Service were worth $512,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the stock. Centaurus Financial Inc. lifted its position in shares of United Parcel Service by 4.9% during the 4th quarter. Centaurus Financial Inc. now owns 5,281 shares of the transportation company's stock valued at $666,000 after acquiring an additional 248 shares during the period. Wealthedge Investment Advisors LLC bought a new stake in shares of United Parcel Service during the 4th quarter worth $2,768,000. Aegis Wealth Management LLC bought a new stake in shares of United Parcel Service during the 4th quarter worth $352,000. Copia Wealth Management bought a new stake in shares of United Parcel Service during the 4th quarter worth $1,242,000. Finally, Wood Tarver Financial Group LLC bought a new stake in shares of United Parcel Service during the 4th quarter worth $80,000. 60.26% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. HSBC downgraded United Parcel Service from a "buy" rating to a "hold" rating and set a $105.00 price objective for the company. in a research report on Thursday, May 1st. Susquehanna dropped their price objective on United Parcel Service from $120.00 to $110.00 and set a "neutral" rating for the company in a research report on Wednesday, April 30th. Bank of America upped their price objective on United Parcel Service from $111.00 to $115.00 and gave the stock a "buy" rating in a research report on Friday, May 16th. Hsbc Global Res downgraded United Parcel Service from a "strong-buy" rating to a "hold" rating in a research report on Thursday, May 1st. Finally, Morgan Stanley dropped their target price on United Parcel Service from $100.00 to $82.00 and set an "underweight" rating for the company in a research report on Friday, January 31st. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $120.26.

United Parcel Service Trading Down 0.6%

NYSE UPS traded down $0.60 during trading hours on Friday, hitting $97.50. 6,763,138 shares of the company's stock were exchanged, compared to its average volume of 5,146,066. The stock has a 50-day simple moving average of $98.56 and a 200 day simple moving average of $115.23. United Parcel Service, Inc. has a 1-year low of $90.55 and a 1-year high of $148.15. The firm has a market cap of $82.56 billion, a price-to-earnings ratio of 14.42, a PEG ratio of 1.55 and a beta of 1.23. The company has a current ratio of 1.17, a quick ratio of 1.14 and a debt-to-equity ratio of 1.16.

United Parcel Service (NYSE:UPS - Get Free Report) last issued its earnings results on Tuesday, April 29th. The transportation company reported $1.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.38 by $0.11. United Parcel Service had a net margin of 6.35% and a return on equity of 39.13%. The business had revenue of $21.50 billion for the quarter, compared to analyst estimates of $21.25 billion. During the same period in the prior year, the firm earned $1.43 earnings per share. United Parcel Service's revenue was down .9% on a year-over-year basis. On average, equities analysts forecast that United Parcel Service, Inc. will post 7.95 EPS for the current fiscal year.

United Parcel Service Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 5th. Investors of record on Monday, May 19th will be given a $1.64 dividend. This represents a $6.56 dividend on an annualized basis and a yield of 6.73%. The ex-dividend date is Monday, May 19th. United Parcel Service's payout ratio is 95.63%.

United Parcel Service 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.