D.B. Root & Company LLC Lowers Stock Position in United Parcel Service, Inc. (NYSE:UPS)

D.B. Root & Company LLC trimmed its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 5.4% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,075 shares of the transportation company’s stock after selling 404 shares during the period. D.B. Root & Company LLC’s holdings in United Parcel Service were worth $1,051,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Vanguard Group Inc. raised its position in United Parcel Service by 0.3% in the fourth quarter. Vanguard Group Inc. now owns 67,218,714 shares of the transportation company’s stock worth $10,568,798,000 after acquiring an additional 178,394 shares in the last quarter. Wellington Management Group LLP grew its stake in shares of United Parcel Service by 87.6% during the 4th quarter. Wellington Management Group LLP now owns 18,152,900 shares of the transportation company’s stock worth $2,854,180,000 after purchasing an additional 8,475,698 shares during the period. International Assets Investment Management LLC increased its holdings in shares of United Parcel Service by 15,631.2% in the 4th quarter. International Assets Investment Management LLC now owns 14,502,261 shares of the transportation company’s stock valued at $2,280,190,000 after purchasing an additional 14,410,073 shares in the last quarter. Franklin Resources Inc. lifted its stake in shares of United Parcel Service by 11.4% in the fourth quarter. Franklin Resources Inc. now owns 9,607,055 shares of the transportation company’s stock valued at $1,510,517,000 after purchasing an additional 980,317 shares during the period. Finally, Norges Bank acquired a new position in United Parcel Service during the fourth quarter worth about $1,128,322,000. 60.26% of the stock is owned by institutional investors and hedge funds.

United Parcel Service Trading Up 0.8 %

United Parcel Service stock traded up $1.02 during trading on Friday, hitting $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 company has a debt-to-equity ratio of 1.11, a quick ratio of 1.04 and a current ratio of 1.10. The stock has a market capitalization of $117.08 billion, a price-to-earnings ratio of 19.83, a P/E/G ratio of 1.74 and a beta of 1.01. The stock’s fifty day moving average is $141.71 and its 200 day moving average is $148.56. United Parcel Service, Inc. has a 1-year low of $132.90 and a 1-year high of $192.98.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings results on Tuesday, April 23rd. The transportation company reported $1.43 earnings per share for the quarter, beating analysts’ consensus estimates of $1.33 by $0.10. The company had revenue of $21.70 billion for the quarter, compared to analyst estimates of $21.84 billion. United Parcel Service had a net margin of 6.60% and a return on equity of 37.42%. United Parcel Service’s revenue for the quarter was down 5.3% on a year-over-year basis. During the same quarter last year, the business earned $2.20 EPS. As a group, equities research analysts predict that United Parcel Service, Inc. will post 8.22 EPS for the current year.

United Parcel Service Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 30th. Stockholders of record on Monday, May 13th were issued a $1.63 dividend. The ex-dividend date 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 (DPR) is 94.49%.

Analysts Set New Price Targets

UPS has been the subject of a number of research reports. Oppenheimer lifted their price target on shares of United Parcel Service from $153.00 to $157.00 and gave the company an “outperform” rating in a research report on Wednesday, April 24th. Morgan Stanley boosted their target price on United Parcel Service from $95.00 to $100.00 and gave the stock an “underweight” rating in a research report on Wednesday, March 27th. JPMorgan Chase & Co. dropped their price target on United Parcel Service from $154.00 to $150.00 and set a “neutral” rating for the company in a research report on Tuesday, April 9th. Redburn Atlantic upgraded shares of United Parcel Service from a “neutral” rating to a “buy” rating and set a $180.00 price objective on the stock in a research report on Wednesday, April 3rd. Finally, Evercore ISI lowered their price objective on shares of United Parcel Service from $157.00 to $145.00 and set an “in-line” rating on the stock in a research note on Monday, June 24th. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $164.55.

United Parcel Service 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.