Logan Capital Management Inc. Sells 10,588 Shares of United Parcel Service, Inc. (NYSE:UPS)

Logan Capital Management Inc. decreased its position in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 12.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 76,481 shares of the transportation company's stock after selling 10,588 shares during the quarter. Logan Capital Management Inc.'s holdings in United Parcel Service were worth $9,644,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of UPS. IMG Wealth Management Inc. acquired a new stake in United Parcel Service during the 4th quarter worth about $25,000. Generali Investments Management Co LLC bought a new stake in shares of United Parcel Service during the 4th quarter valued at about $26,000. IFS Advisors LLC grew its stake in United Parcel Service by 232.3% during the fourth quarter. IFS Advisors LLC now owns 216 shares of the transportation company's stock worth $27,000 after purchasing an additional 151 shares during the period. Runnymede Capital Advisors Inc. bought a new stake in United Parcel Service in the fourth quarter worth approximately $30,000. Finally, Marshall & Sterling Wealth Advisors Inc. acquired a new position in United Parcel Service in the fourth quarter valued at approximately $31,000. 60.26% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

UPS has been the subject of several research analyst reports. StockNews.com lowered shares of United Parcel Service from a "buy" rating to a "hold" rating in a research note on Wednesday, May 7th. Hsbc Global Res downgraded shares of United Parcel Service from a "strong-buy" rating to a "hold" rating in a research note on Thursday, May 1st. Evercore ISI increased their price objective on shares of United Parcel Service from $141.00 to $147.00 and gave the stock an "in-line" rating in a research report on Wednesday, January 22nd. The Goldman Sachs Group decreased their target price on United Parcel Service from $166.00 to $147.00 and set a "buy" rating for the company in a research report on Friday, January 31st. Finally, Susquehanna dropped 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. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, United Parcel Service currently has a consensus rating of "Hold" and an average price target of $120.87.

United Parcel Service Trading Down 1.1%

NYSE UPS opened at $95.92 on Monday. The stock has a market capitalization of $81.93 billion, a price-to-earnings ratio of 14.19, a PEG ratio of 1.55 and a beta of 1.23. The business's fifty day moving average is $104.28 and its 200-day moving average is $118.70. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.17 and a quick ratio of 1.14. United Parcel Service, Inc. has a one year low of $90.55 and a one year high of $153.42.

United Parcel Service (NYSE:UPS - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The transportation company reported $1.49 EPS for the quarter, topping analysts' consensus estimates of $1.38 by $0.11. United Parcel Service had a net margin of 6.35% and a return on equity of 39.13%. The company had revenue of $21.50 billion for the quarter, compared to analysts' expectations of $21.25 billion. During the same quarter in the previous year, the firm posted $1.43 EPS. United Parcel Service's revenue was down .9% on a year-over-year basis. Equities research analysts predict 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 will be paid on Thursday, June 5th. Stockholders of record on Monday, May 19th will be paid a $1.64 dividend. The ex-dividend date is Monday, May 19th. This represents a $6.56 annualized dividend and a dividend yield of 6.84%. 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.

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