First United Bank & Trust Has $146,000 Stock Position in United Parcel Service, Inc. (NYSE:UPS)

First United Bank & Trust lessened its holdings in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 69.9% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 1,325 shares of the transportation company's stock after selling 3,080 shares during the period. First United Bank & Trust's holdings in United Parcel Service were worth $146,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in UPS. IMG Wealth Management Inc. acquired a new position in United Parcel Service in the 4th quarter valued at approximately $25,000. Generali Investments Management Co LLC acquired a new position in United Parcel Service in the 4th quarter valued at approximately $26,000. Pinney & Scofield Inc. acquired a new position in United Parcel Service in the 4th quarter valued at approximately $27,000. Fourth Dimension Wealth LLC acquired a new position in United Parcel Service in the 4th quarter valued at approximately $28,000. Finally, Runnymede Capital Advisors Inc. acquired a new position in United Parcel Service in the 4th quarter valued at approximately $30,000. Institutional investors and hedge funds own 60.26% of the company's stock.

Wall Street Analyst Weigh In

UPS has been the subject of several recent research reports. BMO Capital Markets cut their price target on United Parcel Service from $130.00 to $125.00 and set an "outperform" rating for the company in a report on Wednesday, April 30th. Wall Street Zen cut United Parcel Service from a "buy" rating to a "hold" rating in a report on Wednesday, May 7th. Deutsche Bank Aktiengesellschaft started coverage on United Parcel Service in a report on Friday, March 7th. They issued a "hold" rating and a $119.00 price target for the company. JPMorgan Chase & Co. dropped their target price on United Parcel Service from $120.00 to $115.00 and set a "neutral" rating for the company in a report on Monday, April 7th. Finally, Bank of America increased their target price on United Parcel Service from $111.00 to $115.00 and gave the stock a "buy" rating in a report on Friday, May 16th. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, United Parcel Service currently has a consensus rating of "Hold" and an average target price of $120.26.

United Parcel Service Price Performance

NYSE UPS traded down $1.03 during trading hours on Friday, reaching $99.89. 4,237,986 shares of the company's stock were exchanged, compared to its average volume of 5,181,579. The stock has a market cap of $84.58 billion, a PE ratio of 14.78, a price-to-earnings-growth ratio of 1.55 and a beta of 1.22. United Parcel Service, Inc. has a one year low of $90.55 and a one year high of $148.15. The firm has a fifty day moving average of $97.49 and a 200-day moving average of $112.68. 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 released its quarterly earnings results on Tuesday, April 29th. The transportation company reported $1.49 EPS for the quarter, topping analysts' consensus estimates of $1.38 by $0.11. The business had revenue of $21.50 billion for the quarter, compared to analyst estimates of $21.25 billion. United Parcel Service had a return on equity of 39.13% and a net margin of 6.35%. United Parcel Service's revenue for the quarter was down .9% on a year-over-year basis. During the same period in the prior year, the company earned $1.43 EPS. On average, equities research 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. Investors of record on Monday, May 19th were given a dividend of $1.64 per share. The ex-dividend date was Monday, May 19th. This represents a $6.56 dividend on an annualized basis and a yield of 6.57%. United Parcel Service's dividend payout ratio (DPR) is presently 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.