First Financial Corp IN Sells 150 Shares of United Parcel Service, Inc. (NYSE:UPS)

First Financial Corp IN cut its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 44.9% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 184 shares of the transportation company’s stock after selling 150 shares during the quarter. First Financial Corp IN’s holdings in United Parcel Service were worth $27,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Tennessee Valley Asset Management Partners bought a new position in shares of United Parcel Service during the fourth quarter worth about $26,000. Life Planning Partners Inc bought a new position in United Parcel Service in the fourth quarter valued at approximately $28,000. Northwest Financial Advisors bought a new position in United Parcel Service in the fourth quarter valued at approximately $28,000. Pineridge Advisors LLC bought a new position in United Parcel Service in the fourth quarter valued at approximately $31,000. Finally, Bourgeon Capital Management LLC bought a new position in United Parcel Service in the fourth quarter valued at approximately $31,000. 60.26% of the stock is currently owned by institutional investors.

United Parcel Service Price Performance

NYSE UPS traded up $4.43 during midday trading on Wednesday, hitting $138.79. The company had a trading volume of 3,194,762 shares, compared to its average volume of 4,027,093. The company has a market capitalization of $118.74 billion, a PE ratio of 19.90, a P/E/G ratio of 1.70 and a beta of 1.01. The company has a current ratio of 1.10, a quick ratio of 1.04 and a debt-to-equity ratio of 1.11. The firm has a 50-day moving average price of $142.05 and a 200-day moving average price of $148.90. United Parcel Service, Inc. has a twelve month low of $132.90 and a twelve month high of $192.98.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings data on Tuesday, April 23rd. The transportation company reported $1.43 earnings per share for the quarter, beating the consensus estimate of $1.33 by $0.10. The firm had revenue of $21.70 billion during the quarter, compared to analysts’ expectations of $21.84 billion. United Parcel Service had a return on equity of 37.42% and a net margin of 6.60%. The company’s quarterly revenue was down 5.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.20 EPS. As a group, analysts anticipate that United Parcel Service, Inc. will post 8.22 earnings per share for the current fiscal year.

United Parcel Service Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 30th. Stockholders of record on Monday, May 13th were paid a $1.63 dividend. The ex-dividend date of this dividend was Friday, May 10th. This represents a $6.52 annualized dividend and a dividend yield of 4.70%. United Parcel Service’s payout ratio is 94.49%.

Analyst Ratings Changes

A number of research firms have weighed in on UPS. Redburn Atlantic upgraded United Parcel Service from a “neutral” rating to a “buy” rating and set a $180.00 price target for the company in a research note on Wednesday, April 3rd. Stifel Nicolaus decreased their price target on United Parcel Service from $178.00 to $170.00 and set a “buy” rating for the company in a research note on Thursday, March 28th. Bank of America raised their price target on United Parcel Service from $157.00 to $160.00 and gave the company a “neutral” rating in a research note on Wednesday, April 24th. Evercore ISI cut their price objective on United Parcel Service from $157.00 to $145.00 and set an “in-line” rating for the company in a research report on Monday. Finally, HSBC raised United Parcel Service from a “hold” rating to a “buy” rating and raised their price objective for the company from $150.00 to $170.00 in a research report on Thursday, April 25th. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $164.55.

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.