Bailard Inc. Lowers Stake in United Parcel Service, Inc. (NYSE:UPS)

Bailard Inc. trimmed its holdings in United Parcel Service, Inc. (NYSE:UPS - Free Report) by 14.4% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 20,439 shares of the transportation company's stock after selling 3,449 shares during the quarter. Bailard Inc.'s holdings in United Parcel Service were worth $2,248,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Brighton Jones LLC raised its holdings in United Parcel Service by 63.8% during the 4th quarter. Brighton Jones LLC now owns 12,126 shares of the transportation company's stock valued at $1,529,000 after buying an additional 4,723 shares during the period. Proficio Capital Partners LLC purchased a new stake in United Parcel Service during the 4th quarter valued at $219,000. Madison Investment Advisors LLC purchased a new stake in United Parcel Service during the 4th quarter valued at $9,115,000. Evoke Wealth LLC raised its holdings in United Parcel Service by 25.7% during the 4th quarter. Evoke Wealth LLC now owns 2,399 shares of the transportation company's stock valued at $303,000 after buying an additional 491 shares during the period. Finally, VSM Wealth Advisory LLC purchased a new stake in United Parcel Service during the 4th quarter valued at $55,000. 60.26% of the stock is currently owned by institutional investors.

United Parcel Service Stock Down 0.3%

UPS stock traded down $0.29 during mid-day trading on Friday, reaching $99.21. The company had a trading volume of 4,569,313 shares, compared to its average volume of 5,264,897. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.09 and a current ratio of 1.09. The company has a market capitalization of $84.01 billion, a price-to-earnings ratio of 14.46, a price-to-earnings-growth ratio of 1.91 and a beta of 1.21. The firm has a fifty day simple moving average of $99.85 and a 200 day simple moving average of $108.14. United Parcel Service, Inc. has a fifty-two week low of $90.55 and a fifty-two week high of $146.17.

United Parcel Service (NYSE:UPS - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The transportation company reported $1.49 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 the consensus estimate of $21.25 billion. United Parcel Service had a return on equity of 40.15% and a net margin of 6.44%. The business's revenue for the quarter was down .9% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.43 EPS. Analysts forecast that United Parcel Service, Inc. will post 7.95 earnings per share for the current fiscal year.

United Parcel Service Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, June 5th. Shareholders of record on Monday, May 19th were paid a $1.64 dividend. The ex-dividend date of this dividend was Monday, May 19th. This represents a $6.56 annualized dividend and a dividend yield of 6.61%. United Parcel Service's dividend payout ratio (DPR) is currently 95.63%.

Analyst Ratings Changes

A number of analysts have weighed in on the company. Stifel Nicolaus reduced their target price on United Parcel Service from $145.00 to $124.00 and set a "buy" rating on the stock in a research note on Wednesday, April 30th. Wells Fargo & Company restated an "equal weight" rating and set a $98.00 price target (down previously from $120.00) on shares of United Parcel Service in a research note on Tuesday, April 22nd. JPMorgan Chase & Co. cut their price target on United Parcel Service from $110.00 to $107.00 and set a "neutral" rating on the stock in a research note on Tuesday, July 8th. Susquehanna cut their price target on 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. Finally, HSBC lowered United Parcel Service from a "buy" rating to a "hold" rating and set a $105.00 price target on the stock. in a research note on Thursday, May 1st. Two research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $119.13.

United Parcel Service Company 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.