Davis R M Inc. Has $1.69 Million Stock Position in United Parcel Service, Inc. (NYSE:UPS)

Davis R M Inc. lessened its holdings in United Parcel Service, Inc. (NYSE:UPS) by 0.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,355 shares of the transportation company’s stock after selling 103 shares during the period. Davis R M Inc.’s holdings in United Parcel Service were worth $1,688,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in UPS. First Financial Corp IN grew its stake in shares of United Parcel Service by 24.2% in the 4th quarter. First Financial Corp IN now owns 334 shares of the transportation company’s stock worth $53,000 after acquiring an additional 65 shares in the last quarter. Gleason Group Inc. increased its stake in United Parcel Service by 1.1% in the 4th quarter. Gleason Group Inc. now owns 6,351 shares of the transportation company’s stock valued at $999,000 after buying an additional 66 shares during the last quarter. Cullen Investment Group LTD. lifted its position in shares of United Parcel Service by 0.7% during the 1st quarter. Cullen Investment Group LTD. now owns 9,921 shares of the transportation company’s stock worth $1,480,000 after buying an additional 68 shares in the last quarter. SeaCrest Wealth Management LLC boosted its stake in shares of United Parcel Service by 1.0% in the 4th quarter. SeaCrest Wealth Management LLC now owns 7,193 shares of the transportation company’s stock worth $1,142,000 after buying an additional 69 shares during the last quarter. Finally, Bangor Savings Bank grew its holdings in shares of United Parcel Service by 1.3% in the fourth quarter. Bangor Savings Bank now owns 5,319 shares of the transportation company’s stock valued at $836,000 after acquiring an additional 70 shares in the last quarter. Institutional investors and hedge funds own 60.26% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on UPS shares. Wells Fargo & Company initiated coverage on shares of United Parcel Service in a report on Friday, June 7th. They issued an “overweight” rating and a $156.00 price target on the stock. HSBC upgraded United Parcel Service from a “hold” rating to a “buy” rating and boosted their target price for the company from $150.00 to $170.00 in a research note on Thursday, April 25th. BMO Capital Markets lifted their price objective on United Parcel Service from $165.00 to $169.00 and gave the stock a “market perform” rating in a report on Wednesday, April 24th. 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. Finally, TD Cowen cut their target price on United Parcel Service from $147.00 to $140.00 and set a “hold” rating for the company in a research note on Thursday, March 28th. One analyst has rated the stock with a sell rating, thirteen have given a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, United Parcel Service has an average rating of “Hold” and an average target price of $164.45.

United Parcel Service Stock Down 13.7 %

NYSE:UPS traded down $19.87 during mid-day trading on Tuesday, hitting $125.31. 18,577,359 shares of the company’s stock were exchanged, compared to its average volume of 4,084,198. The company has a market cap of $107.21 billion, a PE ratio of 18.37, a P/E/G ratio of 1.86 and a beta of 0.98. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.10 and a quick ratio of 1.04. United Parcel Service, Inc. has a one year low of $124.97 and a one year high of $192.98. The business has a fifty day moving average price of $139.29 and a 200 day moving average price of $146.38.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings results on Tuesday, July 23rd. The transportation company reported $1.79 EPS for the quarter, missing analysts’ consensus estimates of $2.00 by ($0.21). United Parcel Service had a return on equity of 37.42% and a net margin of 6.60%. The company had revenue of $21.82 billion during the quarter, compared to the consensus estimate of $22.17 billion. During the same period in the prior year, the firm earned $2.54 earnings per share. The business’s revenue for the quarter was down 1.1% compared to the same quarter last year. Equities analysts predict that United Parcel Service, Inc. will post 8.15 EPS for the current year.

United Parcel Service Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, May 30th. Stockholders 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 annualized dividend and a dividend yield of 5.20%. United Parcel Service’s dividend payout ratio is presently 94.49%.

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.