Lake Street Advisors Group LLC Lowers Stock Holdings in United Parcel Service, Inc. (NYSE:UPS)

Lake Street Advisors Group LLC trimmed its position in United Parcel Service, Inc. (NYSE:UPSFree Report) by 79.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,431 shares of the transportation company’s stock after selling 12,942 shares during the quarter. Lake Street Advisors Group LLC’s holdings in United Parcel Service were worth $539,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Harbor Capital Advisors Inc. boosted its stake in shares of United Parcel Service by 0.4% in the fourth quarter. Harbor Capital Advisors Inc. now owns 17,530 shares of the transportation company’s stock valued at $2,756,000 after purchasing an additional 64 shares during the period. First Financial Corp IN lifted its stake in shares of United Parcel Service by 24.2% in the fourth 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. boosted its holdings in United Parcel Service by 1.1% in the fourth quarter. Gleason Group Inc. now owns 6,351 shares of the transportation company’s stock valued at $999,000 after purchasing an additional 66 shares during the last quarter. Advisors Capital Management LLC grew its stake in United Parcel Service by 0.5% during the 3rd quarter. Advisors Capital Management LLC now owns 15,085 shares of the transportation company’s stock valued at $2,351,000 after purchasing an additional 69 shares in the last quarter. Finally, Dfpg Investments LLC increased its holdings in United Parcel Service by 0.3% during the 4th quarter. Dfpg Investments LLC now owns 25,270 shares of the transportation company’s stock worth $3,981,000 after purchasing an additional 69 shares during the last quarter. Institutional investors and hedge funds own 60.26% of the company’s stock.

United Parcel Service Price Performance

UPS stock traded up $1.48 during trading hours on Wednesday, hitting $137.11. 1,395,082 shares of the stock traded hands, compared to its average volume of 3,995,298. United Parcel Service, Inc. has a one year low of $133.58 and a one year high of $192.98. The company has a current ratio of 1.10, a quick ratio of 1.04 and a debt-to-equity ratio of 1.11. The company has a market cap of $117.31 billion, a P/E ratio of 19.66, a P/E/G ratio of 1.76 and a beta of 1.01. The stock has a 50-day simple moving average of $145.63 and a 200 day simple moving average of $150.63.

United Parcel Service (NYSE:UPSGet Free Report) last announced its quarterly earnings data on Tuesday, April 23rd. The transportation company reported $1.43 earnings per share (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 analysts’ expectations of $21.84 billion. United Parcel Service had a net margin of 6.60% and a return on equity of 37.42%. The business’s revenue was down 5.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.20 EPS. Equities analysts forecast that United Parcel Service, Inc. will post 8.22 earnings per share for the current year.

United Parcel Service Announces Dividend

The business also recently disclosed 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. The ex-dividend date was Friday, May 10th. This represents a $6.52 dividend on an annualized basis and a dividend yield of 4.76%. United Parcel Service’s dividend payout ratio (DPR) is presently 94.49%.

Analysts Set New Price Targets

UPS has been the topic of a number of research analyst reports. 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 note on Wednesday, April 3rd. Bank of America upped their price objective on United Parcel Service from $157.00 to $160.00 and gave the company a “neutral” rating in a research note on Wednesday, April 24th. JPMorgan Chase & Co. decreased their target price on United Parcel Service from $154.00 to $150.00 and set a “neutral” rating for the company in a research report on Tuesday, April 9th. BMO Capital Markets upped their price target on United Parcel Service from $165.00 to $169.00 and gave the company a “market perform” rating in a research report on Wednesday, April 24th. Finally, Stifel Nicolaus decreased their price objective on shares of United Parcel Service from $178.00 to $170.00 and set a “buy” rating for the company in a report on Thursday, March 28th. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, United Parcel Service currently has a consensus rating of “Hold” and an average price target of $165.23.

Get Our Latest 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

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

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