United Parcel Service, Inc. (NYSE:UPS) Holdings Trimmed by Integrated Advisors Network LLC

Integrated Advisors Network LLC lowered its holdings in United Parcel Service, Inc. (NYSE:UPS) by 9.6% in the first quarter, Holdings Channel.com reports. The firm owned 13,109 shares of the transportation company’s stock after selling 1,386 shares during the period. Integrated Advisors Network LLC’s holdings in United Parcel Service were worth $1,442,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of UPS. Vanguard Group Inc. grew its position in United Parcel Service by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 65,136,394 shares of the transportation company’s stock valued at $8,213,699,000 after purchasing an additional 370,705 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of United Parcel Service by 6.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 23,264,665 shares of the transportation company’s stock valued at $2,933,674,000 after buying an additional 1,337,058 shares during the period. Geode Capital Management LLC grew its holdings in shares of United Parcel Service by 2.7% during the 4th quarter. Geode Capital Management LLC now owns 15,704,334 shares of the transportation company’s stock valued at $1,979,695,000 after acquiring an additional 414,710 shares in the last quarter. Franklin Resources Inc. grew its holdings in shares of United Parcel Service by 15.6% during the 4th quarter. Franklin Resources Inc. now owns 10,979,909 shares of the transportation company’s stock valued at $1,384,567,000 after acquiring an additional 1,484,452 shares in the last quarter. Finally, FMR LLC increased its stake in shares of United Parcel Service by 2.5% in the fourth quarter. FMR LLC now owns 10,895,828 shares of the transportation company’s stock worth $1,373,964,000 after acquiring an additional 268,278 shares during the last quarter. Hedge funds and other institutional investors own 60.26% of the company’s stock.

United Parcel Service Stock Performance

UPS opened at $100.85 on Friday. The company has a quick ratio of 1.14, a current ratio of 1.17 and a debt-to-equity ratio of 1.16. The stock’s 50 day moving average price is $97.33 and its two-hundred day moving average price is $113.08. The firm has a market capitalization of $85.40 billion, a P/E ratio of 14.92, a price-to-earnings-growth ratio of 1.55 and a beta of 1.22. United Parcel Service, Inc. has a 12-month low of $90.55 and a 12-month high of $148.15.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings data on Tuesday, April 29th. The transportation company reported $1.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.38 by $0.11. The business had revenue of $21.50 billion for the quarter, compared to the consensus estimate of $21.25 billion. United Parcel Service had a net margin of 6.35% and a return on equity of 39.13%. United Parcel Service’s quarterly revenue was down .9% on a year-over-year basis. During the same quarter last year, the company posted $1.43 earnings per share. On average, equities analysts forecast that United Parcel Service, Inc. will post 7.95 earnings per share for the current year.

United Parcel Service Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 5th. Stockholders of record on Monday, May 19th were issued a dividend of $1.64 per share. The ex-dividend date was Monday, May 19th. This represents a $6.56 annualized dividend and a dividend yield of 6.50%. United Parcel Service’s payout ratio is 95.63%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Susquehanna reduced their price objective on United Parcel Service from $120.00 to $110.00 and set a “neutral” rating for the company in a research report on Wednesday, April 30th. Citigroup reduced their price target on United Parcel Service from $149.00 to $123.00 and set a “buy” rating for the company in a report on Tuesday, April 8th. Loop Capital lowered their price target on United Parcel Service from $115.00 to $105.00 and set a “hold” rating for the company in a research note on Wednesday, April 30th. Oppenheimer dropped their price objective on United Parcel Service from $126.00 to $114.00 and set an “outperform” rating on the stock in a report on Wednesday, April 30th. Finally, Barclays reduced their target price on shares of 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 investment analysts have rated the stock with a sell rating, thirteen have given a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $120.26.

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.