Lynch & Associates IN Trims Stock Holdings in United Parcel Service, Inc. (NYSE:UPS)

Lynch & Associates IN reduced its stake in United Parcel Service, Inc. (NYSE:UPS) by 2.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 54,593 shares of the transportation company’s stock after selling 1,300 shares during the period. United Parcel Service makes up 1.3% of Lynch & Associates IN’s portfolio, making the stock its 25th biggest position. Lynch & Associates IN’s holdings in United Parcel Service were worth $6,005,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently modified their holdings of the company. IMG Wealth Management Inc. purchased a new stake in shares of United Parcel Service in the fourth quarter worth $25,000. Generali Investments Management Co LLC purchased a new stake in shares of United Parcel Service in the fourth quarter worth $26,000. Pinney & Scofield Inc. purchased a new stake in shares of United Parcel Service in the fourth quarter worth $27,000. Fourth Dimension Wealth LLC purchased a new stake in shares of United Parcel Service in the fourth quarter worth $28,000. Finally, Runnymede Capital Advisors Inc. purchased a new stake in shares of United Parcel Service in the fourth quarter worth $30,000. 60.26% of the stock is owned by hedge funds and other institutional investors.

United Parcel Service Stock Up 1.1%

NYSE UPS opened at $101.07 on Tuesday. The stock’s 50-day moving average price is $97.68 and its 200-day moving average price is $112.27. The company has a quick ratio of 1.14, a current ratio of 1.17 and a debt-to-equity ratio of 1.16. United Parcel Service, Inc. has a 52 week low of $90.55 and a 52 week high of $148.15. The company has a market capitalization of $85.59 billion, a P/E ratio of 14.95, a price-to-earnings-growth ratio of 1.55 and a beta of 1.22.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings data 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 return on equity of 39.13% and a net margin of 6.35%. The firm had revenue of $21.50 billion for the quarter, compared to the consensus estimate of $21.25 billion. During the same quarter last year, the company earned $1.43 earnings per share. The business’s revenue for the quarter was down .9% compared to the same quarter last year. On average, equities research analysts predict that United Parcel Service, Inc. will post 7.95 earnings per share for the current year.

United Parcel Service Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 5th. Investors of record on Monday, May 19th were given a dividend of $1.64 per share. This represents a $6.56 annualized dividend and a dividend yield of 6.49%. The ex-dividend date was Monday, May 19th. United Parcel Service’s dividend payout ratio is currently 95.63%.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. Raymond James cut their target price on 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. Oppenheimer lowered their price target on United Parcel Service from $126.00 to $114.00 and set an “outperform” rating on the stock in a report on Wednesday, April 30th. Barclays lowered their price target on United Parcel Service from $100.00 to $90.00 and set an “underweight” rating on the stock in a report on Monday, March 31st. Loop Capital lowered their price target on United Parcel Service from $115.00 to $105.00 and set a “hold” rating on the stock in a report on Wednesday, April 30th. Finally, Truist Financial lowered their price target on United Parcel Service from $140.00 to $130.00 and set a “buy” rating on the stock in a report on Thursday, April 24th. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $120.26.

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.