United Parcel Service, Inc. (NYSE:UPS) Shares Sold by Intact Investment Management Inc.

Intact Investment Management Inc. lowered its holdings in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 13.2% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 92,400 shares of the transportation company's stock after selling 14,000 shares during the period. Intact Investment Management Inc.'s holdings in United Parcel Service were worth $10,163,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of UPS. Clark Capital Management Group Inc. grew its holdings in shares of United Parcel Service by 14.4% during the fourth quarter. Clark Capital Management Group Inc. now owns 11,427 shares of the transportation company's stock worth $1,441,000 after buying an additional 1,440 shares during the last quarter. CWA Asset Management Group LLC raised its stake in United Parcel Service by 5.9% during the 1st quarter. CWA Asset Management Group LLC now owns 3,467 shares of the transportation company's stock valued at $381,000 after acquiring an additional 193 shares during the last quarter. Garde Capital Inc. acquired a new stake in United Parcel Service during the 1st quarter worth approximately $37,000. Advisor Resource Council purchased a new position in shares of United Parcel Service in the 1st quarter valued at approximately $437,000. Finally, LaFleur & Godfrey LLC increased its holdings in shares of United Parcel Service by 62.8% in the fourth quarter. LaFleur & Godfrey LLC now owns 6,225 shares of the transportation company's stock valued at $785,000 after purchasing an additional 2,401 shares during the period. 60.26% of the stock is owned by hedge funds and other institutional investors.

United Parcel Service Price Performance

Shares of UPS traded up $1.16 during mid-day trading on Monday, reaching $100.43. 5,073,581 shares of the company's stock were exchanged, compared to its average volume of 5,188,871. United Parcel Service, Inc. has a 52-week low of $90.55 and a 52-week high of $148.15. 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 50-day simple moving average of $97.77 and a two-hundred day simple moving average of $111.42. The company has a market cap of $85.04 billion, a price-to-earnings ratio of 14.64, a PEG ratio of 1.74 and a beta of 1.22.

United Parcel Service (NYSE:UPS - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The transportation company reported $1.49 earnings per share for the quarter, topping the consensus estimate of $1.38 by $0.11. United Parcel Service had a return on equity of 40.15% and a net margin of 6.44%. The company had revenue of $21.50 billion during the quarter, compared to the consensus estimate of $21.25 billion. During the same quarter last year, the business posted $1.43 earnings per share. United Parcel Service's revenue was down .9% compared to the same quarter last year. On average, 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 company also recently declared a quarterly dividend, which was paid on Thursday, June 5th. Stockholders of record on Monday, May 19th were issued 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 dividend yield of 6.53%. United Parcel Service's dividend payout ratio (DPR) is presently 95.63%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on UPS. Galvan Research lowered their price objective on shares of United Parcel Service from $147.00 to $133.00 and set a "buy" rating on the stock in a research report on Wednesday, April 9th. Wolfe Research reduced their target price on shares of United Parcel Service from $133.00 to $113.00 and set an "outperform" rating for the company in a research note on Wednesday, April 9th. BMO Capital Markets dropped their price target on shares of United Parcel Service from $130.00 to $125.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 30th. Barclays cut their price target on shares of United Parcel Service from $100.00 to $90.00 and set an "underweight" rating for the company in a report on Monday, March 31st. Finally, Hsbc Global Res lowered United Parcel Service from a "strong-buy" rating to a "hold" rating in a report on Thursday, May 1st. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $120.26.

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.