Northeast Investment Management Has $1.39 Million Stake in United Parcel Service, Inc. (NYSE:UPS)

Northeast Investment Management trimmed its position in United Parcel Service, Inc. (NYSE:UPS - Free Report) by 55.7% in the first quarter, according to its most recent filing with the SEC. The fund owned 12,606 shares of the transportation company's stock after selling 15,868 shares during the period. Northeast Investment Management's holdings in United Parcel Service were worth $1,387,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Allspring Global Investments Holdings LLC lifted its stake in shares of United Parcel Service by 27.2% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 131,623 shares of the transportation company's stock valued at $16,304,000 after acquiring an additional 28,108 shares during the last quarter. PUREfi Wealth LLC bought a new position in shares of United Parcel Service in the 4th quarter valued at $737,000. Clark Capital Management Group Inc. lifted its stake in shares of United Parcel Service by 14.4% in the 4th quarter. Clark Capital Management Group Inc. now owns 11,427 shares of the transportation company's stock valued at $1,441,000 after acquiring an additional 1,440 shares during the last quarter. Kentucky Trust Co bought a new position in United Parcel Service during the 4th quarter worth $442,000. Finally, CapWealth Advisors LLC raised its position in United Parcel Service by 4.1% during the 4th quarter. CapWealth Advisors LLC now owns 83,874 shares of the transportation company's stock worth $10,577,000 after purchasing an additional 3,312 shares during the last quarter. 60.26% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on UPS shares. JPMorgan Chase & Co. lowered their target price on United Parcel Service from $120.00 to $115.00 and set a "neutral" rating for the company in a research report on Monday, April 7th. Oppenheimer lowered their target price on United Parcel Service from $126.00 to $114.00 and set an "outperform" rating for the company in a research report on Wednesday, April 30th. UBS Group lowered their target price on United Parcel Service from $141.00 to $127.00 and set a "buy" rating for the company in a research report on Thursday, April 3rd. HSBC lowered United Parcel Service from a "buy" rating to a "hold" rating and set a $105.00 target price for the company. in a research report on Thursday, May 1st. Finally, Susquehanna lowered their target price 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. Two equities 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 company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $120.26.

United Parcel Service Stock Down 0.3%

Shares of UPS traded down $0.31 during trading hours on Thursday, hitting $100.85. The stock had a trading volume of 3,105,662 shares, compared to its average volume of 5,178,870. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.17 and a quick ratio of 1.14. The firm has a 50 day simple moving average of $97.33 and a 200-day simple moving average of $113.08. The firm has a market capitalization of $85.40 billion, a P/E ratio of 14.92, a price-to-earnings-growth ratio of 1.55 and a beta of 1.22. United Parcel Service, Inc. has a 1-year low of $90.55 and a 1-year high of $148.15.

United Parcel Service (NYSE:UPS - Get Free Report) last issued its earnings results on Tuesday, April 29th. The transportation company reported $1.49 EPS for the quarter, beating the consensus estimate of $1.38 by $0.11. The company had revenue of $21.50 billion during the quarter, compared to the consensus estimate of $21.25 billion. United Parcel Service had a return on equity of 39.13% and a net margin of 6.35%. The firm's revenue for the quarter was down .9% compared to the same quarter last year. During the same period last year, the business posted $1.43 EPS. Sell-side analysts predict that United Parcel Service, Inc. will post 7.95 EPS for the current fiscal year.

United Parcel Service Announces Dividend

The business also recently declared 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 of this dividend was Monday, May 19th. This represents a $6.56 dividend on an annualized basis and a yield of 6.50%. United Parcel Service's dividend payout ratio (DPR) is currently 95.63%.

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.