Mn Services Vermogensbeheer B.V. cut its holdings in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 7.1% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 266,799 shares of the transportation company's stock after selling 20,300 shares during the quarter. Mn Services Vermogensbeheer B.V.'s holdings in United Parcel Service were worth $29,345,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. IMG Wealth Management Inc. purchased a new position in shares of United Parcel Service during the 4th quarter worth approximately $25,000. Generali Investments Management Co LLC acquired a new stake in shares of United Parcel Service in the fourth quarter valued at $26,000. Pinney & Scofield Inc. purchased a new stake in shares of United Parcel Service in the 4th quarter valued at $27,000. Fourth Dimension Wealth LLC purchased a new position in United Parcel Service during the 4th quarter valued at about $28,000. Finally, Runnymede Capital Advisors Inc. acquired a new position in United Parcel Service in the 4th quarter valued at about $30,000. 60.26% of the stock is owned by institutional investors and hedge funds.
United Parcel Service Stock Down 1.0%
Shares of NYSE UPS traded down $1.03 during mid-day trading on Friday, reaching $99.89. The company had a trading volume of 4,237,986 shares, compared to its average volume of 5,181,579. The firm has a 50 day simple moving average of $97.49 and a two-hundred day simple moving average of $112.68. United Parcel Service, Inc. has a 52-week low of $90.55 and a 52-week high of $148.15. The company has a current ratio of 1.17, a quick ratio of 1.14 and a debt-to-equity ratio of 1.16. The stock has a market cap of $84.58 billion, a P/E ratio of 14.78, a PEG ratio of 1.55 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 EPS for the quarter, topping the consensus estimate of $1.38 by $0.11. The company 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%. The firm's revenue was down .9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.43 earnings per share. Sell-side analysts predict that United Parcel Service, Inc. will post 7.95 earnings per share for the current year.
United Parcel Service Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Thursday, June 5th. Investors of record on Monday, May 19th were paid a dividend of $1.64 per share. This represents a $6.56 dividend on an annualized basis and a yield of 6.57%. The ex-dividend date of this dividend was Monday, May 19th. United Parcel Service's dividend payout ratio is currently 95.63%.
Analysts Set New Price Targets
Several brokerages have recently issued reports on UPS. BMO Capital Markets reduced 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 report on Wednesday, April 30th. Barclays reduced their target price on shares of United Parcel Service from $100.00 to $90.00 and set an "underweight" rating on the stock in a report on Monday, March 31st. HSBC lowered United Parcel Service from a "buy" rating to a "hold" rating and set a $105.00 price objective on the stock. in a research report on Thursday, May 1st. Wall Street Zen lowered United Parcel Service from a "buy" rating to a "hold" rating in a report on Wednesday, May 7th. Finally, Stifel Nicolaus lowered their target price on United Parcel Service from $145.00 to $124.00 and set a "buy" rating for the company in a research note on Wednesday, April 30th. Two research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, United Parcel Service presently has an average rating of "Hold" and a consensus target price of $120.26.
Get Our Latest Stock Analysis on UPS
About United Parcel Service
(
Free Report)
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.
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