Hoylecohen LLC Sells 300 Shares of United Parcel Service, Inc. (NYSE:UPS)

Hoylecohen LLC lowered its position in United Parcel Service, Inc. (NYSE:UPSFree Report) by 11.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,424 shares of the transportation company’s stock after selling 300 shares during the period. Hoylecohen LLC’s holdings in United Parcel Service were worth $381,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Versor Investments LP grew its holdings in United Parcel Service by 30.4% during the third quarter. Versor Investments LP now owns 5,976 shares of the transportation company’s stock valued at $931,000 after purchasing an additional 1,392 shares during the period. Donoghue Forlines LLC increased its holdings in United Parcel Service by 92.1% in the 3rd quarter. Donoghue Forlines LLC now owns 4,413 shares of the transportation company’s stock worth $688,000 after acquiring an additional 2,116 shares in the last quarter. Childress Capital Advisors LLC bought a new stake in United Parcel Service during the 3rd quarter worth approximately $431,000. GYL Financial Synergies LLC lifted its holdings in United Parcel Service by 2.6% during the third quarter. GYL Financial Synergies LLC now owns 12,998 shares of the transportation company’s stock valued at $2,026,000 after purchasing an additional 330 shares in the last quarter. Finally, HM Payson & Co. boosted its position in shares of United Parcel Service by 5.7% in the third quarter. HM Payson & Co. now owns 4,858 shares of the transportation company’s stock worth $757,000 after purchasing an additional 262 shares during the period. Hedge funds and other institutional investors own 60.26% of the company’s stock.

United Parcel Service Trading Down 0.3 %

United Parcel Service stock traded down $0.44 during mid-day trading on Friday, hitting $138.66. The company’s stock had a trading volume of 2,995,428 shares, compared to its average volume of 2,760,187. United Parcel Service, Inc. has a one year low of $133.68 and a one year high of $192.98. The stock has a market cap of $118.63 billion, a PE ratio of 20.10, a P/E/G ratio of 1.76 and a beta of 1.05. The company has a 50 day moving average of $147.85 and a 200-day moving average of $150.85. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.04 and a current ratio of 1.10.

United Parcel Service (NYSE:UPSGet Free Report) last posted its quarterly earnings results on Tuesday, April 23rd. The transportation company reported $1.43 EPS for the quarter, topping the consensus estimate of $1.33 by $0.10. The company had revenue of $21.70 billion for the quarter, compared to the consensus estimate of $21.84 billion. United Parcel Service had a net margin of 6.60% and a return on equity of 37.42%. The firm’s revenue was down 5.3% compared to the same quarter last year. During the same quarter last year, the firm posted $2.20 EPS. On average, research analysts anticipate that United Parcel Service, Inc. will post 8.22 EPS for the current year.

United Parcel Service Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 30th. Investors of record on Monday, May 13th will be issued a $1.63 dividend. The ex-dividend date of this dividend is Friday, May 10th. This represents a $6.52 dividend on an annualized basis and a dividend yield of 4.70%. United Parcel Service’s payout ratio is 94.49%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Redburn Atlantic upgraded shares of United Parcel Service from a “neutral” rating to a “buy” rating and set a $180.00 price objective on the stock in a research report on Wednesday, April 3rd. Robert W. Baird raised United Parcel Service from a “neutral” rating to an “outperform” rating and upped their price objective for the stock from $165.00 to $170.00 in a research note on Friday, February 16th. Raymond James cut their target price on United Parcel Service from $185.00 to $175.00 and set a “strong-buy” rating for the company in a research report on Wednesday, January 31st. HSBC raised United Parcel Service from a “hold” rating to a “buy” rating and boosted their price target for the stock from $150.00 to $170.00 in a report on Thursday, April 25th. Finally, Deutsche Bank Aktiengesellschaft cut their price objective on shares of United Parcel Service from $183.00 to $179.00 and set a “buy” rating for the company in a report on Thursday, March 28th. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $165.23.

Check Out Our Latest Stock Analysis on United Parcel Service

United Parcel Service Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for United Parcel Service (NYSE:UPS)

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