United Parcel Service, Inc. (NYSE:UPS) Shares Sold by Moisand Fitzgerald Tamayo LLC

Moisand Fitzgerald Tamayo LLC cut its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 34.5% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 190 shares of the transportation company’s stock after selling 100 shares during the period. Moisand Fitzgerald Tamayo LLC’s holdings in United Parcel Service were worth $28,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Harbor Capital Advisors Inc. lifted its stake in United Parcel Service by 0.4% during the fourth quarter. Harbor Capital Advisors Inc. now owns 17,530 shares of the transportation company’s stock worth $2,756,000 after purchasing an additional 64 shares in the last quarter. First Financial Corp IN boosted its holdings in United Parcel Service by 24.2% during the 4th quarter. First Financial Corp IN now owns 334 shares of the transportation company’s stock valued at $53,000 after acquiring an additional 65 shares during the period. Gleason Group Inc. grew its position in United Parcel Service by 1.1% in the 4th quarter. Gleason Group Inc. now owns 6,351 shares of the transportation company’s stock valued at $999,000 after acquiring an additional 66 shares in the last quarter. Cullen Investment Group LTD. increased its stake in United Parcel Service by 0.7% during the first quarter. Cullen Investment Group LTD. now owns 9,921 shares of the transportation company’s stock worth $1,480,000 after purchasing an additional 68 shares during the period. Finally, Advisors Capital Management LLC lifted its position in shares of United Parcel Service by 0.5% during the third quarter. Advisors Capital Management LLC now owns 15,085 shares of the transportation company’s stock worth $2,351,000 after purchasing an additional 69 shares in the last quarter. 60.26% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on UPS shares. Susquehanna increased their target price on shares of United Parcel Service from $150.00 to $160.00 and gave the stock a “neutral” rating in a report on Wednesday, April 24th. Stifel Nicolaus lowered their target price on United Parcel Service from $178.00 to $170.00 and set a “buy” rating for the company in a research note on Thursday, March 28th. Bank of America increased their price target on United Parcel Service from $157.00 to $160.00 and gave the company a “neutral” rating in a research report on Wednesday, April 24th. Morgan Stanley boosted their price objective on United Parcel Service from $95.00 to $100.00 and gave the stock an “underweight” rating in a research report on Wednesday, March 27th. Finally, TD Cowen decreased their price target on shares of United Parcel Service from $147.00 to $140.00 and set a “hold” rating for the company in a research note on Thursday, March 28th. One analyst has rated the stock with a sell rating, thirteen have given a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $164.55.

United Parcel Service Stock Performance

Shares of NYSE UPS traded up $1.02 during midday trading on Friday, reaching $136.85. 6,609,563 shares of the company were exchanged, compared to its average volume of 4,011,769. The stock has a fifty day simple moving average of $141.71 and a 200 day simple moving average of $148.61. The company has a current ratio of 1.10, a quick ratio of 1.04 and a debt-to-equity ratio of 1.11. The stock has a market cap of $117.08 billion, a P/E ratio of 19.83, a PEG ratio of 1.72 and a beta of 1.01. United Parcel Service, Inc. has a 1 year low of $132.90 and a 1 year high of $192.98.

United Parcel Service (NYSE:UPS) last released its earnings results on Tuesday, April 23rd. The transportation company reported $1.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.33 by $0.10. United Parcel Service had a return on equity of 37.42% and a net margin of 6.60%. The business had revenue of $21.70 billion for the quarter, compared to analyst estimates of $21.84 billion. During the same quarter in the previous year, the company posted $2.20 earnings per share. The company’s revenue for the quarter was down 5.3% compared to the same quarter last year. On average, research analysts forecast that United Parcel Service, Inc. will post 8.22 earnings per share for the current fiscal year.

United Parcel Service Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, May 30th. Stockholders of record on Monday, May 13th were paid a dividend of $1.63 per share. The ex-dividend date of this dividend was Friday, May 10th. This represents a $6.52 dividend on an annualized basis and a dividend yield of 4.76%. United Parcel Service’s dividend payout ratio (DPR) is 94.49%.

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.