First Financial Corp IN cut its position in shares of United Parcel Service, Inc. (NYSE:UPS – Free Report) 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 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.
Check Out Our Latest Research Report on United Parcel Service
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.
Featured Articles
- Five stocks we like better than United Parcel Service
- Options Trading – Understanding Strike Price
- Stock Impact: McDonald’s Price War with Starbucks, Wendy’s
- High Dividend REITs: Are They an Ideal Way to Diversify?
- General Mills Q4 Sales Miss Expectations, Triggering Stock Drop
- How to Invest in Blue Chip Stocks
- Enovix Stock Rises 35% in Short-Squeeze: This Rally Has Legs
Want to see what other hedge funds are holding UPS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for United Parcel Service, Inc. (NYSE:UPS – Free Report).
Receive News & Ratings for United Parcel Service Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United Parcel Service and related companies with MarketBeat.com's FREE daily email newsletter.