United Parcel Service, Inc. (NYSE:UPS) Stake Trimmed by JLB & Associates Inc.

JLB & Associates Inc. cut its position in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 18.2% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 13,011 shares of the transportation company's stock after selling 2,902 shares during the quarter. JLB & Associates Inc.'s holdings in United Parcel Service were worth $1,431,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in UPS. Altus Wealth Group LLC grew its position in United Parcel Service by 4.6% during the 4th quarter. Altus Wealth Group LLC now owns 2,022 shares of the transportation company's stock worth $255,000 after purchasing an additional 89 shares in the last quarter. Morningstar Investment Management LLC grew its holdings in shares of United Parcel Service by 1.9% during the fourth quarter. Morningstar Investment Management LLC now owns 5,052 shares of the transportation company's stock valued at $637,000 after buying an additional 95 shares in the last quarter. Colonial Trust Co SC raised its position in United Parcel Service by 1.4% during the fourth quarter. Colonial Trust Co SC now owns 7,227 shares of the transportation company's stock valued at $911,000 after buying an additional 98 shares during the period. Juncture Wealth Strategies LLC lifted its stake in United Parcel Service by 2.5% in the 1st quarter. Juncture Wealth Strategies LLC now owns 4,124 shares of the transportation company's stock worth $454,000 after acquiring an additional 101 shares in the last quarter. Finally, Cohen & Steers Inc. boosted its position in United Parcel Service by 5.3% during the 4th quarter. Cohen & Steers Inc. now owns 2,054 shares of the transportation company's stock worth $259,000 after acquiring an additional 104 shares during the period. 60.26% of the stock is currently owned by institutional investors and hedge funds.

United Parcel Service Trading Up 1.1%

NYSE:UPS opened at $101.07 on Tuesday. The company's 50 day moving average is $97.68 and its 200-day moving average is $112.27. The company has a quick ratio of 1.14, a current ratio of 1.17 and a debt-to-equity ratio of 1.16. United Parcel Service, Inc. has a 12 month low of $90.55 and a 12 month high of $148.15. The firm has a market cap of $85.59 billion, a price-to-earnings ratio of 14.95, a P/E/G ratio of 1.55 and a beta of 1.22.

United Parcel Service (NYSE:UPS - Get Free Report) last posted its earnings results on Tuesday, April 29th. The transportation company reported $1.49 earnings per share (EPS) for the quarter, beating 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 net margin of 6.35% and a return on equity of 39.13%. United Parcel Service's revenue was down .9% compared to the same quarter last year. During the same period last year, the business posted $1.43 EPS. Equities analysts anticipate 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 was paid on Thursday, June 5th. Investors of record on Monday, May 19th were paid a dividend of $1.64 per share. The ex-dividend date of this dividend was Monday, May 19th. This represents a $6.56 annualized dividend and a yield of 6.49%. United Parcel Service's payout ratio is 95.63%.

Wall Street Analysts Forecast Growth

UPS has been the topic of a number of research reports. Bank of America upped their target price on United Parcel Service from $111.00 to $115.00 and gave the company a "buy" rating in a report on Friday, May 16th. Susquehanna dropped 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 research note on Wednesday, April 30th. Galvan Research cut their target price on shares of United Parcel Service from $147.00 to $133.00 and set a "buy" rating for the company in a research report on Wednesday, April 9th. Wells Fargo & Company restated an "equal weight" rating and set a $98.00 price target (down from $120.00) on shares of United Parcel Service in a report on Tuesday, April 22nd. Finally, Wolfe Research cut their price objective on United Parcel Service from $133.00 to $113.00 and set an "outperform" rating for the company in a report on Wednesday, April 9th. Two equities 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 issued a strong buy rating to the stock. According to MarketBeat.com, United Parcel Service has a consensus rating of "Hold" and a consensus 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.

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