Wright Investors Service Inc. Has $853,000 Position in United Parcel Service, Inc. (NYSE:UPS)

Wright Investors Service Inc. trimmed its stake in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 26.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 7,757 shares of the transportation company's stock after selling 2,818 shares during the quarter. Wright Investors Service Inc.'s holdings in United Parcel Service were worth $853,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. IMG Wealth Management Inc. purchased a new position in shares of United Parcel Service in the fourth quarter worth approximately $25,000. Generali Investments Management Co LLC acquired a new stake in United Parcel Service in the 4th quarter worth $26,000. Pinney & Scofield Inc. acquired a new stake in United Parcel Service in the 4th quarter worth $27,000. Fourth Dimension Wealth LLC acquired a new stake in United Parcel Service in the 4th quarter worth $28,000. Finally, Runnymede Capital Advisors Inc. bought a new position in shares of United Parcel Service during the 4th quarter worth about $30,000. 60.26% of the stock is currently owned by institutional investors.

United Parcel Service Price Performance

United Parcel Service stock traded down $1.06 during trading hours on Thursday, reaching $97.49. 2,313,432 shares of the stock were exchanged, compared to its average volume of 5,137,709. The company has a market cap of $82.55 billion, a P/E ratio of 14.42, a price-to-earnings-growth ratio of 1.55 and a beta of 1.23. The company has a current ratio of 1.17, a quick ratio of 1.14 and a debt-to-equity ratio of 1.16. United Parcel Service, Inc. has a twelve month low of $90.55 and a twelve month high of $148.15. The stock has a 50 day moving average of $97.81 and a two-hundred day moving average of $114.49.

United Parcel Service (NYSE:UPS - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The transportation company reported $1.49 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.38 by $0.11. The firm had revenue of $21.50 billion for the quarter, compared to the consensus estimate of $21.25 billion. United Parcel Service had a net margin of 6.35% and a return on equity of 39.13%. The business's revenue for the quarter was down .9% on a year-over-year basis. During the same period in the prior year, the company posted $1.43 earnings per share. Equities analysts expect that United Parcel Service, Inc. will post 7.95 EPS for the current fiscal year.

United Parcel Service Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 5th. Shareholders of record on Monday, May 19th will be paid a dividend of $1.64 per share. The ex-dividend date of this dividend is Monday, May 19th. This represents a $6.56 dividend on an annualized basis and a yield of 6.73%. United Parcel Service's payout ratio is 95.63%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. HSBC downgraded shares of United Parcel Service from a "buy" rating to a "hold" rating and set a $105.00 price objective for the company. in a report on Thursday, May 1st. Bank of America boosted their price objective on shares of United Parcel Service from $111.00 to $115.00 and gave the stock a "buy" rating in a research report on Friday, May 16th. Citigroup reduced their target price on shares of United Parcel Service from $149.00 to $123.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. Deutsche Bank Aktiengesellschaft started coverage on shares of United Parcel Service in a research report on Friday, March 7th. They set a "hold" rating and a $119.00 price target on the stock. Finally, Wells Fargo & Company reaffirmed an "equal weight" rating and set a $98.00 price target (down from $120.00) on shares of United Parcel Service in a research report on Tuesday, April 22nd. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, United Parcel Service presently 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.