United Parcel Service, Inc. (NYSE:UPS) Shares Sold by Cohen Klingenstein LLC

Cohen Klingenstein LLC lessened its stake in United Parcel Service, Inc. (NYSE:UPS) by 1.0% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 28,769 shares of the transportation company’s stock after selling 280 shares during the quarter. Cohen Klingenstein LLC’s holdings in United Parcel Service were worth $3,164,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in shares of United Parcel Service by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 65,136,394 shares of the transportation company’s stock worth $8,213,699,000 after purchasing an additional 370,705 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of United Parcel Service by 6.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 23,264,665 shares of the transportation company’s stock worth $2,933,674,000 after acquiring an additional 1,337,058 shares during the period. Geode Capital Management LLC raised its stake in shares of United Parcel Service by 2.7% during the 4th quarter. Geode Capital Management LLC now owns 15,704,334 shares of the transportation company’s stock worth $1,979,695,000 after buying an additional 414,710 shares in the last quarter. Franklin Resources Inc. lifted its holdings in United Parcel Service by 15.6% in the fourth quarter. Franklin Resources Inc. now owns 10,979,909 shares of the transportation company’s stock valued at $1,384,567,000 after acquiring an additional 1,484,452 shares during the period. Finally, FMR LLC boosted its holdings in United Parcel Service by 2.5% during the fourth quarter. FMR LLC now owns 10,895,828 shares of the transportation company’s stock worth $1,373,964,000 after buying an additional 268,278 shares in the last quarter. Institutional investors and hedge funds own 60.26% of the company’s stock.

United Parcel Service Price Performance

UPS opened at $102.43 on Wednesday. The company has a quick ratio of 1.14, a current ratio of 1.17 and a debt-to-equity ratio of 1.16. The company’s 50-day moving average price is $97.15 and its 200 day moving average price is $113.42. United Parcel Service, Inc. has a fifty-two week low of $90.55 and a fifty-two week high of $148.15. 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.

United Parcel Service (NYSE:UPS) last released its quarterly earnings results on Tuesday, April 29th. The transportation company reported $1.49 EPS for the quarter, topping the consensus estimate of $1.38 by $0.11. The business 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 company’s quarterly revenue was down .9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.43 earnings per share. As a group, sell-side analysts expect that United Parcel Service, Inc. will post 7.95 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, June 5th. Investors of record on Monday, May 19th were issued a $1.64 dividend. This represents a $6.56 annualized dividend and a yield of 6.40%. The ex-dividend date was Monday, May 19th. United Parcel Service’s payout ratio is currently 95.63%.

Analysts Set New Price Targets

Several analysts have weighed in on the company. HSBC lowered United Parcel Service from a “buy” rating to a “hold” rating and set a $105.00 target price on the stock. in a report on Thursday, May 1st. Hsbc Global Res lowered United Parcel Service from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 1st. Loop Capital decreased their price target on shares of United Parcel Service from $115.00 to $105.00 and set a “hold” rating on the stock in a report on Wednesday, April 30th. Oppenheimer reduced their price target on shares of United Parcel Service from $126.00 to $114.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 30th. Finally, BMO Capital Markets lowered their target price on United Parcel Service from $130.00 to $125.00 and set an “outperform” rating for the company in a research note on Wednesday, April 30th. Two 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 issued a strong buy rating to the company. According to MarketBeat, United Parcel Service 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.