WASHINGTON TRUST Co Sells 3,172 Shares of United Parcel Service, Inc. (NYSE:UPS)

WASHINGTON TRUST Co lowered its holdings in United Parcel Service, Inc. (NYSE:UPS - Free Report) by 51.4% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,004 shares of the transportation company's stock after selling 3,172 shares during the quarter. WASHINGTON TRUST Co's holdings in United Parcel Service were worth $330,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the business. Altus Wealth Group LLC raised its stake in shares of United Parcel Service by 4.6% in the fourth 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 during the last quarter. Colonial Trust Co SC raised its position in United Parcel Service by 1.4% in the 4th 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 last quarter. Juncture Wealth Strategies LLC lifted its stake in United Parcel Service by 2.5% during the 1st quarter. Juncture Wealth Strategies LLC now owns 4,124 shares of the transportation company's stock valued at $454,000 after acquiring an additional 101 shares in the last quarter. TCV Trust & Wealth Management Inc. boosted its holdings in United Parcel Service by 1.4% during the 1st quarter. TCV Trust & Wealth Management Inc. now owns 7,544 shares of the transportation company's stock worth $830,000 after acquiring an additional 103 shares during the last quarter. Finally, Cohen & Steers Inc. grew its stake in shares of United Parcel Service by 5.3% in 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 in the last quarter. Institutional investors and hedge funds own 60.26% of the company's stock.

Wall Street Analyst Weigh In

UPS has been the topic of a number of recent analyst reports. Loop Capital dropped their price target on shares of United Parcel Service from $115.00 to $105.00 and set a "hold" rating on the stock in a research report on Wednesday, April 30th. Citigroup dropped their target price on shares of United Parcel Service from $149.00 to $123.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. 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. Stifel Nicolaus decreased their price target on United Parcel Service from $145.00 to $124.00 and set a "buy" rating for the company in a research report on Wednesday, April 30th. Finally, Hsbc Global Res cut United Parcel Service from a "strong-buy" rating to a "hold" rating in a research report on Thursday, May 1st. 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 issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $120.26.

United Parcel Service Price Performance

NYSE:UPS traded up $3.47 during trading hours on Tuesday, hitting $104.41. The stock had a trading volume of 6,817,223 shares, compared to its average volume of 5,196,112. The company has a 50 day simple moving average of $98.28 and a two-hundred day simple moving average of $110.24. The firm has a market capitalization of $88.41 billion, a price-to-earnings ratio of 15.22, a P/E/G ratio of 1.78 and a beta of 1.22. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.09 and a quick ratio of 1.09. United Parcel Service, Inc. has a one year low of $90.55 and a one year high of $148.15.

United Parcel Service (NYSE:UPS - Get Free Report) last posted its 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 business had revenue of $21.50 billion during the quarter, compared to analysts' expectations of $21.25 billion. United Parcel Service had a return on equity of 40.15% and a net margin of 6.44%. The firm's revenue was down .9% on a year-over-year basis. During the same period in the previous year, the business earned $1.43 earnings per share. Research 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 declared a quarterly dividend, which was paid on Thursday, June 5th. Stockholders of record on Monday, May 19th were issued a $1.64 dividend. This represents a $6.56 dividend on an annualized basis and a dividend yield of 6.28%. The ex-dividend date of this dividend was Monday, May 19th. United Parcel Service's payout ratio is 95.63%.

About United Parcel Service

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.