United Parcel Service, Inc. (NYSE:UPS) Shares Sold by Arvest Investments Inc.

Arvest Investments Inc. lessened its holdings in United Parcel Service, Inc. (NYSE:UPS) by 4.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,918 shares of the transportation company’s stock after selling 538 shares during the quarter. Arvest Investments Inc.’s holdings in United Parcel Service were worth $1,201,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in UPS. IMG Wealth Management Inc. acquired a new position in United Parcel Service in the fourth quarter worth $25,000. Generali Investments Management Co LLC acquired a new position in United Parcel Service in the fourth quarter worth $26,000. Pinney & Scofield Inc. acquired a new position in United Parcel Service in the fourth quarter worth $27,000. Fourth Dimension Wealth LLC acquired a new position in United Parcel Service in the fourth quarter worth $28,000. Finally, Runnymede Capital Advisors Inc. acquired a new position in United Parcel Service in the fourth quarter worth $30,000. Institutional investors and hedge funds own 60.26% of the company’s stock.

United Parcel Service Price Performance

Shares of United Parcel Service stock opened at $101.21 on Thursday. The company has a current ratio of 1.17, a quick ratio of 1.14 and a debt-to-equity ratio of 1.16. The company’s 50-day moving average price is $97.22 and its two-hundred day moving average price is $113.33. United Parcel Service, Inc. has a 52 week low of $90.55 and a 52 week high of $148.15. The stock has a market cap of $85.70 billion, a PE ratio of 14.97, a price-to-earnings-growth ratio of 1.55 and a beta of 1.22.

United Parcel Service (NYSE:UPS) last issued 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. United Parcel Service had a net margin of 6.35% and a return on equity of 39.13%. The firm had revenue of $21.50 billion for the quarter, compared to analysts’ expectations of $21.25 billion. During the same period in the previous year, the business earned $1.43 earnings per share. United Parcel Service’s revenue for the quarter was down .9% compared to the same quarter last year. As a group, sell-side analysts anticipate that United Parcel Service, Inc. will post 7.95 EPS for the current fiscal year.

United Parcel Service Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 5th. Shareholders of record on Monday, May 19th were issued a dividend of $1.64 per share. The ex-dividend date of this dividend was Monday, May 19th. This represents a $6.56 annualized dividend and a yield of 6.48%. United Parcel Service’s payout ratio is presently 95.63%.

Wall Street Analyst Weigh In

A number of research firms have commented on UPS. Loop Capital decreased their price objective on shares of United Parcel Service from $115.00 to $105.00 and set a “hold” rating for the company in a report on Wednesday, April 30th. Oppenheimer dropped their price objective on shares of United Parcel Service from $126.00 to $114.00 and set an “outperform” rating on the stock in a report on Wednesday, April 30th. Deutsche Bank Aktiengesellschaft started coverage on shares of United Parcel Service in a research note on Friday, March 7th. They set a “hold” rating and a $119.00 target price for the company. Hsbc Global Res lowered shares of United Parcel Service from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 1st. Finally, Raymond James dropped their price target on shares of United Parcel Service from $145.00 to $130.00 and set a “strong-buy” rating on the stock in a research note on Wednesday, April 9th. Two equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average 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.