United Parcel Service, Inc. (NYSE:UPS) Stock Position Reduced by London Co. of Virginia

London Co. of Virginia lowered its position in United Parcel Service, Inc. (NYSE:UPS - Free Report) by 8.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,229,677 shares of the transportation company's stock after selling 116,240 shares during the period. London Co. of Virginia owned 0.14% of United Parcel Service worth $155,062,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the company. IMG Wealth Management Inc. acquired a new stake in shares of United Parcel Service in the fourth quarter valued at $25,000. Generali Investments Management Co LLC bought a new position in United Parcel Service during the fourth quarter worth about $26,000. IFS Advisors LLC lifted its holdings in shares of United Parcel Service by 232.3% during the 4th quarter. IFS Advisors LLC now owns 216 shares of the transportation company's stock valued at $27,000 after purchasing an additional 151 shares in the last quarter. Runnymede Capital Advisors Inc. bought a new position in shares of United Parcel Service during the 4th quarter valued at about $30,000. Finally, Marshall & Sterling Wealth Advisors Inc. bought a new position in shares of United Parcel Service during the 4th quarter valued at about $31,000. Institutional investors and hedge funds own 60.26% of the company's stock.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. StockNews.com lowered United Parcel Service from a "buy" rating to a "hold" rating in a research report on Wednesday, May 7th. BMO Capital Markets cut their target price on United Parcel Service from $130.00 to $125.00 and set an "outperform" rating for the company in a research report on Wednesday, April 30th. HSBC cut United Parcel Service from a "buy" rating to a "hold" rating and set a $105.00 price target for the company. in a report on Thursday, May 1st. Raymond James lowered their target price on United Parcel Service from $145.00 to $130.00 and set a "strong-buy" rating for the company in a report on Wednesday, April 9th. Finally, Barclays decreased their price target on United Parcel Service from $100.00 to $90.00 and set an "underweight" rating for the company in a research note on Monday, March 31st. Two 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. Based on data from MarketBeat, United Parcel Service presently has an average rating of "Hold" and a consensus price target of $120.87.

United Parcel Service Stock Performance

United Parcel Service stock traded down $0.27 during midday trading on Wednesday, hitting $99.54. 6,170,093 shares of the company's stock were exchanged, compared to its average volume of 5,057,442. United Parcel Service, Inc. has a 12-month low of $90.55 and a 12-month high of $150.03. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.14 and a current ratio of 1.17. The stock has a market cap of $85.02 billion, a price-to-earnings ratio of 14.72, a price-to-earnings-growth ratio of 1.55 and a beta of 1.23. The firm's 50 day simple moving average is $103.51 and its 200 day simple moving average is $118.32.

United Parcel Service (NYSE:UPS - Get Free Report) last announced its earnings results 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. 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 during the quarter, compared to analysts' expectations of $21.25 billion. During the same quarter in the previous year, the business posted $1.43 earnings per share. The firm's quarterly revenue was down .9% compared to the same quarter last year. Equities research analysts predict that United Parcel Service, Inc. will post 7.95 EPS for the current year.

United Parcel Service Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 5th. Stockholders of record on Monday, May 19th will be given a $1.64 dividend. The ex-dividend date is Monday, May 19th. This represents a $6.56 dividend on an annualized basis and a dividend yield of 6.59%. United Parcel Service's payout ratio is currently 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.