Thoroughbred Financial Services LLC cut its position in United Parcel Service, Inc. (NYSE:UPS – Free Report) by 54.7% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,117 shares of the transportation company’s stock after selling 2,553 shares during the quarter. Thoroughbred Financial Services LLC’s holdings in United Parcel Service were worth $314,000 at the end of the most recent reporting period.
A number of other large investors have also added to or reduced their stakes in the company. Tennessee Valley Asset Management Partners acquired a new position in shares of United Parcel Service during the fourth quarter valued at about $26,000. Life Planning Partners Inc purchased a new stake in United Parcel Service in the fourth quarter valued at approximately $28,000. Northwest Financial Advisors purchased a new stake in United Parcel Service in the 4th quarter worth approximately $28,000. Bourgeon Capital Management LLC purchased a new stake in United Parcel Service in the 4th quarter worth approximately $31,000. Finally, Security National Bank purchased a new stake in United Parcel Service in the 4th quarter worth approximately $31,000. 60.26% of the stock is currently owned by institutional investors.
United Parcel Service Trading Up 1.5 %
Shares of NYSE:UPS traded up $2.19 during midday trading on Tuesday, reaching $146.34. 1,046,432 shares of the company’s stock were exchanged, compared to its average volume of 3,981,270. The firm’s 50 day simple moving average is $139.51 and its two-hundred day simple moving average is $146.79. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.10 and a quick ratio of 1.04. The stock has a market cap of $125.20 billion, a price-to-earnings ratio of 21.26, a P/E/G ratio of 1.81 and a beta of 0.98. United Parcel Service, Inc. has a fifty-two week low of $132.90 and a fifty-two week high of $192.98.
United Parcel Service Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Thursday, May 30th. Investors of record on Monday, May 13th were paid a $1.63 dividend. 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 4.46%. United Parcel Service’s dividend payout ratio (DPR) is presently 94.49%.
Analysts Set New Price Targets
Several equities research analysts have commented on UPS shares. Deutsche Bank Aktiengesellschaft lowered their price objective on United Parcel Service from $183.00 to $179.00 and set a “buy” rating on the stock in a research report on Thursday, March 28th. Stifel Nicolaus decreased their target price on United Parcel Service from $178.00 to $170.00 and set a “buy” rating on the stock in a research report on Thursday, March 28th. HSBC upgraded United Parcel Service from a “hold” rating to a “buy” rating and increased their target price for the company from $150.00 to $170.00 in a research report on Thursday, April 25th. Redburn Atlantic upgraded United Parcel Service from a “neutral” rating to a “buy” rating and set a $180.00 target price on the stock in a research report on Wednesday, April 3rd. Finally, Bank of America increased their target price 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. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $164.55.
Read Our Latest Research Report on UPS
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.
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