Ted Buchan & Co Decreases Stake in United Parcel Service, Inc. $UPS

Ted Buchan & Co lessened its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 32.6% in the fourth quarter, Holdings Channel reports. The firm owned 10,977 shares of the transportation company’s stock after selling 5,312 shares during the period. Ted Buchan & Co’s holdings in United Parcel Service were worth $1,089,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Norges Bank acquired a new stake in shares of United Parcel Service in the fourth quarter worth $902,446,000. Pacer Advisors Inc. lifted its holdings in shares of United Parcel Service by 507.8% during the 4th quarter. Pacer Advisors Inc. now owns 3,244,234 shares of the transportation company’s stock valued at $321,796,000 after acquiring an additional 2,710,470 shares in the last quarter. Manning & Napier Advisors LLC acquired a new position in shares of United Parcel Service during the 4th quarter valued at $181,951,000. Vanguard Group Inc. boosted its position in United Parcel Service by 1.8% during the 4th quarter. Vanguard Group Inc. now owns 68,496,420 shares of the transportation company’s stock worth $6,794,160,000 after purchasing an additional 1,218,432 shares during the period. Finally, AQR Capital Management LLC boosted its position in United Parcel Service by 94.8% during the 2nd quarter. AQR Capital Management LLC now owns 2,300,081 shares of the transportation company’s stock worth $231,388,000 after purchasing an additional 1,119,372 shares during the period. 60.26% of the stock is owned by institutional investors and hedge funds.

United Parcel Service Stock Performance

NYSE:UPS opened at $108.74 on Thursday. The firm has a 50-day moving average of $101.74 and a two-hundred day moving average of $103.43. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.21 and a quick ratio of 1.21. The stock has a market cap of $92.43 billion, a P/E ratio of 17.60, a PEG ratio of 1.73 and a beta of 1.05. United Parcel Service, Inc. has a 1-year low of $82.00 and a 1-year high of $122.41.

United Parcel Service (NYSE:UPS) last announced its earnings results on Tuesday, April 28th. The transportation company reported $1.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.02 by $0.05. The business had revenue of $21.20 billion for the quarter, compared to analyst estimates of $20.99 billion. United Parcel Service had a return on equity of 35.95% and a net margin of 5.94%.The company’s revenue for the quarter was down 1.4% compared to the same quarter last year. During the same period in the previous year, the company earned $1.49 earnings per share. On average, research analysts expect that United Parcel Service, Inc. will post 7.1 earnings per share for the current fiscal year.

United Parcel Service Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 4th. Shareholders of record on Monday, May 18th will be paid a dividend of $1.64 per share. This represents a $6.56 dividend on an annualized basis and a yield of 6.0%. The ex-dividend date is Monday, May 18th. United Parcel Service’s dividend payout ratio (DPR) is 106.15%.

Wall Street Analyst Weigh In

Several research firms have commented on UPS. Susquehanna raised their price objective on United Parcel Service from $116.00 to $118.00 and gave the company a “neutral” rating in a research report on Wednesday, April 29th. Weiss Ratings lowered United Parcel Service from a “hold (c)” rating to a “sell (d+)” rating in a research note on Friday, May 8th. UBS Group dropped their target price on United Parcel Service from $125.00 to $123.00 and set a “buy” rating on the stock in a report on Wednesday, April 29th. Citigroup boosted their price target on United Parcel Service from $118.00 to $127.00 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. Finally, Evercore decreased their price target on United Parcel Service from $115.00 to $113.00 and set an “in-line” rating for the company in a report on Wednesday, April 22nd. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, eleven have given a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $111.50.

United Parcel Service Company Profile

United Parcel Service (NYSE: UPS) is a global package delivery and supply chain management company that provides a broad range of transportation, logistics and e-commerce services. Its core business centers on small-package delivery and last-mile distribution for business and individual customers, supported by a network of ground transportation, air cargo operations (UPS Airlines) and sorting facilities. In addition to parcel delivery, UPS offers freight transportation, contract logistics, warehousing, customs brokerage and reverse-logistics solutions designed to support domestic and international commerce.

The company traces its roots to 1907 when it began as a small messenger service in the United States and later evolved into the United Parcel Service.