United Parcel Service, Inc. (NYSE:UPS) Shares Sold by Sunbelt Securities Inc.

Sunbelt Securities Inc. trimmed its holdings in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 21.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 13,350 shares of the transportation company's stock after selling 3,572 shares during the quarter. Sunbelt Securities Inc.'s holdings in United Parcel Service were worth $1,468,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in UPS. IMG Wealth Management Inc. bought a new stake in United Parcel Service during the fourth quarter valued at approximately $25,000. Generali Investments Management Co LLC bought a new stake in United Parcel Service during the fourth quarter valued at approximately $26,000. Pinney & Scofield Inc. bought a new stake in United Parcel Service during the fourth quarter valued at approximately $27,000. Fourth Dimension Wealth LLC bought a new stake in United Parcel Service during the fourth quarter valued at approximately $28,000. Finally, Runnymede Capital Advisors Inc. bought a new position in shares of United Parcel Service in the fourth quarter worth approximately $30,000. 60.26% of the stock is currently owned by institutional investors.

United Parcel Service Stock Performance

Shares of United Parcel Service stock traded up $0.62 during midday trading on Friday, hitting $101.22. The company had a trading volume of 5,867,283 shares, compared to its average volume of 5,194,276. The stock has a market cap of $85.71 billion, a price-to-earnings ratio of 14.76, a PEG ratio of 1.77 and a beta of 1.22. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.24. The company has a fifty day simple moving average of $98.18 and a 200 day simple moving average of $110.69. United Parcel Service, Inc. has a 12-month low of $90.55 and a 12-month high of $148.15.

United Parcel Service (NYSE:UPS - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The transportation company reported $1.49 EPS for the quarter, beating the consensus estimate of $1.38 by $0.11. United Parcel Service had a net margin of 6.44% and a return on equity of 40.15%. The firm had revenue of $21.50 billion during the quarter, compared to analyst estimates of $21.25 billion. During the same period last year, the firm posted $1.43 EPS. United Parcel Service's revenue was down .9% on a year-over-year basis. As a group, analysts predict that United Parcel Service, Inc. will post 7.95 earnings per share for the current fiscal year.

United Parcel Service Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 5th. Shareholders of record on Monday, May 19th were given a dividend of $1.64 per share. This represents a $6.56 dividend on an annualized basis and a yield of 6.48%. The ex-dividend date of this dividend was Monday, May 19th. United Parcel Service's dividend payout ratio is presently 95.63%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on UPS. Wall Street Zen downgraded shares of United Parcel Service from a "buy" rating to a "hold" rating in a report on Wednesday, May 7th. Citigroup lowered their target price on shares of United Parcel Service from $149.00 to $123.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. Wells Fargo & Company reissued an "equal weight" rating and issued a $98.00 target price (down previously from $120.00) on shares of United Parcel Service in a report on Tuesday, April 22nd. HSBC downgraded shares of United Parcel Service from a "buy" rating to a "hold" rating and set a $105.00 target price on the stock. in a report on Thursday, May 1st. Finally, UBS Group lowered their target price on shares of United Parcel Service from $141.00 to $127.00 and set a "buy" rating on the stock in a report on Thursday, April 3rd. Two analysts have rated the stock with a sell rating, thirteen have given a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $120.26.

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.