tru Independence LLC Cuts Stake in United Parcel Service, Inc. (NYSE:UPS)

tru Independence LLC lowered its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 1.1% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 32,593 shares of the transportation company’s stock after selling 375 shares during the period. tru Independence LLC’s holdings in United Parcel Service were worth $4,844,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in the business. Tennessee Valley Asset Management Partners purchased a new position in shares of United Parcel Service in the fourth quarter worth about $26,000. Life Planning Partners Inc bought a new position in United Parcel Service during the 4th quarter worth approximately $28,000. Northwest Financial Advisors purchased a new position in United Parcel Service in the 4th quarter worth approximately $28,000. Pineridge Advisors LLC bought a new stake in United Parcel Service in the fourth quarter valued at approximately $31,000. Finally, Bourgeon Capital Management LLC purchased a new stake in shares of United Parcel Service during the fourth quarter valued at approximately $31,000. Hedge funds and other institutional investors own 60.26% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. BMO Capital Markets upped their price target on shares of United Parcel Service from $165.00 to $169.00 and gave the company a “market perform” rating in a report on Wednesday, April 24th. Bank of America increased their target price on shares of United Parcel Service from $157.00 to $160.00 and gave the stock a “neutral” rating in a report on Wednesday, April 24th. TD Cowen reduced their target price on United Parcel Service from $147.00 to $140.00 and set a “hold” rating on the stock in a research note on Thursday, March 28th. Deutsche Bank Aktiengesellschaft dropped their price target on United Parcel Service from $183.00 to $179.00 and set a “buy” rating for the company in a research note on Thursday, March 28th. Finally, Redburn Atlantic raised 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. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $164.55.

United Parcel Service Stock Down 1.0 %

Shares of United Parcel Service stock traded down $1.34 on Tuesday, reaching $134.61. The company’s stock had a trading volume of 1,005,820 shares, compared to its average volume of 4,033,579. United Parcel Service, Inc. has a 52 week low of $132.90 and a 52 week high of $192.98. The firm’s fifty day simple moving average is $141.71 and its two-hundred day simple moving average is $148.50. The company has a quick ratio of 1.04, a current ratio of 1.10 and a debt-to-equity ratio of 1.11. The company has a market capitalization of $115.17 billion, a price-to-earnings ratio of 19.60, a P/E/G ratio of 1.74 and a beta of 0.98.

United Parcel Service (NYSE:UPS) last issued its earnings results on Tuesday, April 23rd. The transportation company reported $1.43 earnings per share 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 analyst estimates of $21.84 billion. During the same quarter in the previous year, the firm earned $2.20 EPS. United Parcel Service’s revenue was down 5.3% on a year-over-year basis. Equities analysts anticipate that United Parcel Service, Inc. will post 8.22 earnings per share for the current year.

United Parcel Service Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, May 30th. Shareholders of record on Monday, May 13th were paid a dividend of $1.63 per share. The ex-dividend date was Friday, May 10th. This represents a $6.52 dividend on an annualized basis and a yield of 4.84%. United Parcel Service’s dividend payout ratio is presently 94.49%.

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.