R.H. Dinel Investment Counsel Inc. Sells 475 Shares of United Parcel Service, Inc. (NYSE:UPS)

R.H. Dinel Investment Counsel Inc. cut its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 4.8% in the first quarter, HoldingsChannel reports. The fund owned 9,425 shares of the transportation company’s stock after selling 475 shares during the period. United Parcel Service makes up approximately 0.9% of R.H. Dinel Investment Counsel Inc.’s holdings, making the stock its 29th largest holding. R.H. Dinel Investment Counsel Inc.’s holdings in United Parcel Service were worth $1,401,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Tennessee Valley Asset Management Partners bought a new position in shares of United Parcel Service during the 4th quarter valued at approximately $26,000. Life Planning Partners Inc bought a new position in United Parcel Service in the 4th quarter worth approximately $28,000. Northwest Financial Advisors bought a new position in United Parcel Service in the 4th quarter worth approximately $28,000. Pineridge Advisors LLC bought a new position in United Parcel Service in the 4th quarter worth approximately $31,000. Finally, Bourgeon Capital Management LLC bought a new position 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 Stock Performance

NYSE:UPS opened at $136.85 on Friday. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.04 and a current ratio of 1.10. The stock’s fifty day moving average is $141.71 and its 200 day moving average is $148.61. United Parcel Service, Inc. has a fifty-two week low of $132.90 and a fifty-two week high of $192.98. The firm has a market capitalization of $117.08 billion, a PE ratio of 19.83, a PEG ratio of 1.72 and a beta of 1.01.

United Parcel Service (NYSE:UPS) last released its earnings results on Tuesday, April 23rd. The transportation company reported $1.43 earnings per share for the quarter, topping 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 last year, the firm posted $2.20 earnings per share. The business’s revenue was down 5.3% compared to the same quarter last year. On average, sell-side analysts anticipate that United Parcel Service, Inc. will post 8.22 earnings per share for the current 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 given a dividend of $1.63 per share. This represents a $6.52 dividend on an annualized basis and a dividend yield of 4.76%. The ex-dividend date was Friday, May 10th. United Parcel Service’s payout ratio is 94.49%.

Analyst Ratings Changes

Several research firms have weighed in on UPS. Redburn Atlantic upgraded United Parcel Service from a “neutral” rating to a “buy” rating and set a $180.00 price target for the company in a research note on Wednesday, April 3rd. Susquehanna upped their price target on United Parcel Service from $150.00 to $160.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 24th. Evercore ISI decreased their price objective on United Parcel Service from $157.00 to $145.00 and set an “in-line” rating on the stock in a report on Monday, June 24th. Wells Fargo & Company began coverage on United Parcel Service in a report on Friday, June 7th. They set an “overweight” rating and a $156.00 price objective on the stock. Finally, Oppenheimer upped their price objective on United Parcel Service from $153.00 to $157.00 and gave the stock an “outperform” rating in a report on Wednesday, April 24th. 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 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 target price of $164.55.

United Parcel Service 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.