United Parcel Service, Inc. (NYSE:UPS) Position Trimmed by Rhumbline Advisers

Rhumbline Advisers cut its holdings in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 3.9% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,312,433 shares of the transportation company's stock after selling 52,717 shares during the quarter. Rhumbline Advisers owned 0.15% of United Parcel Service worth $144,354,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of UPS. IMG Wealth Management Inc. purchased a new stake in United Parcel Service during the fourth quarter worth $25,000. Generali Investments Management Co LLC purchased a new stake in shares of United Parcel Service during the fourth quarter worth $26,000. Pinney & Scofield Inc. acquired a new position in shares of United Parcel Service during the 4th quarter worth approximately $27,000. Fourth Dimension Wealth LLC acquired a new position in United Parcel Service during the fourth quarter worth $28,000. Finally, Runnymede Capital Advisors Inc. acquired a new stake in United Parcel Service during the fourth quarter worth about $30,000. Institutional investors and hedge funds own 60.26% of the company's stock.

Wall Street Analysts Forecast Growth

UPS has been the topic of several recent analyst reports. Susquehanna decreased their price objective on shares of United Parcel Service from $120.00 to $110.00 and set a "neutral" rating on the stock in a report on Wednesday, April 30th. Wells Fargo & Company reiterated an "equal weight" rating and issued a $98.00 price target (down previously from $120.00) on shares of United Parcel Service in a research note on Tuesday, April 22nd. Barclays cut their target price on 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. Oppenheimer dropped their price objective on United Parcel Service from $126.00 to $114.00 and set an "outperform" rating on the stock in a report on Wednesday, April 30th. Finally, Galvan Research cut their target price on shares of United Parcel Service from $147.00 to $133.00 and set a "buy" rating on the stock in a report on Wednesday, April 9th. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, United Parcel Service presently has an average rating of "Hold" and an average target price of $120.26.

United Parcel Service Price Performance

Shares of NYSE UPS traded down $1.01 on Thursday, hitting $97.54. The company's stock had a trading volume of 1,572,399 shares, compared to its average volume of 5,134,376. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.17 and a quick ratio of 1.14. United Parcel Service, Inc. has a 12-month low of $90.55 and a 12-month high of $148.15. The company has a market capitalization of $82.59 billion, a price-to-earnings ratio of 14.43, a price-to-earnings-growth ratio of 1.55 and a beta of 1.23. The stock has a 50 day moving average of $97.81 and a 200-day moving average of $114.49.

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 the consensus estimate of $1.38 by $0.11. The firm had revenue of $21.50 billion during the quarter, compared to the consensus estimate of $21.25 billion. United Parcel Service had a net margin of 6.35% and a return on equity of 39.13%. The firm's revenue for the quarter was down .9% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.43 EPS. As a group, research analysts predict that United Parcel Service, Inc. will post 7.95 EPS for the current year.

United Parcel Service Dividend Announcement

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