Romano Brothers AND Company Sells 1,389 Shares of United Parcel Service, Inc. (NYSE:UPS)

Romano Brothers AND Company cut its position in United Parcel Service, Inc. (NYSE:UPS) by 2.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 57,752 shares of the transportation company’s stock after selling 1,389 shares during the quarter. United Parcel Service makes up about 1.2% of Romano Brothers AND Company’s holdings, making the stock its 14th biggest position. Romano Brothers AND Company’s holdings in United Parcel Service were worth $8,584,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the company. Tennessee Valley Asset Management Partners bought a new position in United Parcel Service during the fourth quarter worth $26,000. Life Planning Partners Inc acquired a new position in shares of United Parcel Service during the fourth quarter valued at about $28,000. Northwest Financial Advisors bought a new stake in shares of United Parcel Service in the fourth quarter valued at about $28,000. Pineridge Advisors LLC acquired a new stake in United Parcel Service during the fourth quarter worth about $31,000. Finally, Bourgeon Capital Management LLC bought a new position in United Parcel Service during the fourth quarter valued at about $31,000. Institutional investors own 60.26% of the company’s stock.

United Parcel Service Trading Up 0.8 %

UPS stock traded up $1.02 during midday trading on Friday, reaching $136.85. The company’s stock had a trading volume of 6,609,563 shares, compared to its average volume of 4,011,769. The business’s 50-day simple moving average is $141.71 and its 200-day simple moving average is $148.56. The company has a quick ratio of 1.04, a current ratio of 1.10 and a debt-to-equity ratio of 1.11. United Parcel Service, Inc. has a 52 week low of $132.90 and a 52 week high of $192.98. The stock has a market cap of $117.08 billion, a PE ratio of 19.83, a price-to-earnings-growth ratio of 1.72 and a beta of 1.01.

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

United Parcel Service Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, May 30th. Investors of record on Monday, May 13th were given a $1.63 dividend. The ex-dividend date of this dividend was Friday, May 10th. This represents a $6.52 dividend on an annualized basis and a dividend yield of 4.76%. United Parcel Service’s dividend payout ratio is 94.49%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on UPS. Wells Fargo & Company started coverage on United Parcel Service in a research report on Friday, June 7th. They issued an “overweight” rating and a $156.00 price objective for the company. HSBC upgraded shares of United Parcel Service from a “hold” rating to a “buy” rating and lifted their price target for the stock from $150.00 to $170.00 in a research note on Thursday, April 25th. TD Cowen dropped their price objective on shares of United Parcel Service from $147.00 to $140.00 and set a “hold” rating for the company in a research note on Thursday, March 28th. Evercore ISI decreased their target price on shares of United Parcel Service from $157.00 to $145.00 and set an “in-line” rating on the stock in a research report on Monday, June 24th. Finally, Redburn Atlantic raised shares of United Parcel Service from a “neutral” rating to a “buy” rating and set a $180.00 price target for the company in a research report on Wednesday, April 3rd. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, United Parcel Service has a consensus rating of “Hold” and an average target price of $164.55.

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.