Martin Capital Partners LLC Trims Position in United Parcel Service, Inc. (NYSE:UPS)

Martin Capital Partners LLC lessened its stake in United Parcel Service, Inc. (NYSE:UPS) by 2.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 16,160 shares of the transportation company’s stock after selling 351 shares during the period. United Parcel Service accounts for about 2.1% of Martin Capital Partners LLC’s portfolio, making the stock its 24th largest position. Martin Capital Partners LLC’s holdings in United Parcel Service were worth $1,777,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC increased its stake in United Parcel Service by 27.2% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 131,623 shares of the transportation company’s stock worth $16,304,000 after buying an additional 28,108 shares during the period. PUREfi Wealth LLC purchased a new position in United Parcel Service during the 4th quarter valued at about $737,000. Clark Capital Management Group Inc. increased its position in United Parcel Service by 14.4% during the 4th quarter. Clark Capital Management Group Inc. now owns 11,427 shares of the transportation company’s stock valued at $1,441,000 after purchasing an additional 1,440 shares during the period. Kentucky Trust Co purchased a new position in United Parcel Service during the 4th quarter valued at about $442,000. Finally, CapWealth Advisors LLC increased its position in United Parcel Service by 4.1% during the 4th quarter. CapWealth Advisors LLC now owns 83,874 shares of the transportation company’s stock valued at $10,577,000 after purchasing an additional 3,312 shares during the period. Hedge funds and other institutional investors own 60.26% of the company’s stock.

United Parcel Service Price Performance

NYSE:UPS opened at $102.43 on Wednesday. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.17 and a quick ratio of 1.14. The firm has a market cap of $86.73 billion, a price-to-earnings ratio of 15.15, a price-to-earnings-growth ratio of 1.55 and a beta of 1.22. The company has a 50 day moving average price of $97.15 and a 200-day moving average price of $113.42. United Parcel Service, Inc. has a 1-year low of $90.55 and a 1-year high of $148.15.

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

United Parcel Service Dividend Announcement

The company also recently announced 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. This represents a $6.56 annualized dividend and a dividend yield of 6.40%. The ex-dividend date was Monday, May 19th. United Parcel Service’s dividend payout ratio (DPR) is 95.63%.

Analyst Ratings Changes

A number of research analysts have commented on UPS shares. Susquehanna cut their target price on shares of United Parcel Service from $120.00 to $110.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 30th. Galvan Research lowered their price target on shares of United Parcel Service from $147.00 to $133.00 and set a “buy” rating on the stock in a report on Wednesday, April 9th. BMO Capital Markets lowered their price target on shares of United Parcel Service from $130.00 to $125.00 and set an “outperform” rating on the stock in a report on Wednesday, April 30th. Barclays lowered their price target on shares of United Parcel Service from $100.00 to $90.00 and set an “underweight” rating on the stock in a report on Monday, March 31st. Finally, Wells Fargo & Company reiterated an “equal weight” rating and issued a $98.00 target price (down from $120.00) on shares of United Parcel Service in a research note on Tuesday, April 22nd. Two equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $120.26.

United Parcel Service Company 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.