Osaic Holdings Inc. Has $42.79 Million Stake in United Parcel Service, Inc. (NYSE:UPS)

Osaic Holdings Inc. trimmed its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 13.2% in the first quarter, HoldingsChannel reports. The institutional investor owned 287,770 shares of the transportation company’s stock after selling 43,945 shares during the quarter. Osaic Holdings Inc.’s holdings in United Parcel Service were worth $42,792,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of UPS. Tennessee Valley Asset Management Partners acquired a new position in shares of United Parcel Service in the 4th quarter valued at $26,000. Life Planning Partners Inc bought a new position in United Parcel Service during the fourth quarter worth about $28,000. Northwest Financial Advisors bought a new position in United Parcel Service during the fourth quarter worth about $28,000. Pineridge Advisors LLC acquired a new position in shares of United Parcel Service during the 4th quarter worth about $31,000. Finally, Bourgeon Capital Management LLC bought a new stake in shares of United Parcel Service in the 4th quarter valued at about $31,000. 60.26% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages recently issued reports on UPS. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of United Parcel Service from $183.00 to $179.00 and set a “buy” rating for the company in a report on Thursday, March 28th. Bank of America lowered their price objective on shares of United Parcel Service from $160.00 to $158.00 and set a “neutral” rating for the company in a research report on Monday. HSBC upgraded United Parcel Service from a “hold” rating to a “buy” rating and lifted their target price for the stock from $150.00 to $170.00 in a report on Thursday, April 25th. TD Cowen lowered their price target on United Parcel Service from $147.00 to $140.00 and set a “hold” rating for the company in a report on Thursday, March 28th. Finally, BMO Capital Markets lifted their price objective on United Parcel Service from $165.00 to $169.00 and gave the company a “market perform” rating in a report on Wednesday, April 24th. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $164.45.

United Parcel Service Stock Up 0.3 %

UPS traded up $0.47 during trading on Monday, reaching $145.65. 1,998,509 shares of the stock were exchanged, compared to its average volume of 3,968,194. The stock’s 50 day moving average price is $139.40 and its two-hundred day moving average price is $146.47. United Parcel Service, Inc. has a twelve month low of $132.90 and a twelve month high of $192.98. The stock has a market cap of $124.61 billion, a P/E ratio of 20.91, a price-to-earnings-growth ratio of 1.86 and a beta of 0.98. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.04 and a current ratio of 1.10.

United Parcel Service (NYSE:UPS) last issued its earnings results on Tuesday, April 23rd. The transportation company reported $1.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.33 by $0.10. The business had revenue of $21.70 billion during the quarter, compared to the consensus estimate 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 was down 5.3% on a year-over-year basis. During the same period last year, the business posted $2.20 EPS. Equities analysts expect that United Parcel Service, Inc. will post 8.15 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. Shareholders of record on Monday, May 13th were paid a dividend of $1.63 per share. The ex-dividend date of this dividend was Friday, May 10th. This represents a $6.52 dividend on an annualized basis and a yield of 4.48%. United Parcel Service’s payout ratio is 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.