Haverford Financial Services Inc. Sells 40,714 Shares of United Parcel Service, Inc. (NYSE:UPS)

Haverford Financial Services Inc. cut its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 93.6% during the 4th quarter, Holdings Channel.com reports. The fund owned 2,777 shares of the transportation company’s stock after selling 40,714 shares during the period. Haverford Financial Services Inc.’s holdings in United Parcel Service were worth $350,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. IMG Wealth Management Inc. purchased a new stake in United Parcel Service in the 4th quarter worth about $25,000. Generali Investments Management Co LLC bought a new stake in United Parcel Service in the 4th quarter worth approximately $26,000. IFS Advisors LLC lifted its position in United Parcel Service by 232.3% in the 4th quarter. IFS Advisors LLC now owns 216 shares of the transportation company’s stock worth $27,000 after buying an additional 151 shares during the last quarter. True Wealth Design LLC lifted its position in United Parcel Service by 397.7% in the 3rd quarter. True Wealth Design LLC now owns 214 shares of the transportation company’s stock worth $29,000 after buying an additional 171 shares during the last quarter. Finally, Runnymede Capital Advisors Inc. purchased a new position in United Parcel Service in the 4th quarter worth approximately $30,000. 60.26% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have commented on UPS shares. The Goldman Sachs Group decreased their price target on United Parcel Service from $166.00 to $147.00 and set a “buy” rating on the stock in a research note on Friday, January 31st. Citigroup reduced their price target on United Parcel Service from $158.00 to $149.00 and set a “buy” rating on the stock in a research note on Friday, January 31st. Robert W. Baird downgraded United Parcel Service from an “outperform” rating to a “neutral” rating and lowered their price target for the company from $160.00 to $130.00 in a report on Friday, January 31st. BMO Capital Markets upgraded United Parcel Service from a “market perform” rating to an “outperform” rating and reduced their price objective for the company from $155.00 to $150.00 in a research report on Tuesday, December 10th. Finally, UBS Group cut their target price on United Parcel Service from $170.00 to $141.00 and set a “buy” rating for the company in a research report on Friday, January 31st. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $138.09.

United Parcel Service Price Performance

United Parcel Service stock opened at $115.25 on Friday. United Parcel Service, Inc. has a 12-month low of $109.40 and a 12-month high of $157.99. The stock has a market capitalization of $98.44 billion, a P/E ratio of 17.05, a P/E/G ratio of 1.55 and a beta of 0.94. The firm’s 50-day moving average is $120.13 and its two-hundred day moving average is $127.01. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.17 and a quick ratio of 1.14.

United Parcel Service (NYSE:UPS) last released its quarterly earnings results on Thursday, January 30th. The transportation company reported $2.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.52 by $0.23. United Parcel Service had a net margin of 6.35% and a return on equity of 39.13%. During the same quarter in the previous year, the company posted $2.47 EPS. Equities analysts predict that United Parcel Service, Inc. will post 7.95 earnings per share for the current year.

United Parcel Service Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 6th. Investors of record on Tuesday, February 18th were given a $1.64 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This is a boost from United Parcel Service’s previous quarterly dividend of $1.63. This represents a $6.56 annualized dividend and a dividend yield of 5.69%. United Parcel Service’s dividend payout ratio (DPR) is currently 97.04%.

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.