Courier Capital LLC Trims Stock Position in United Parcel Service, Inc. (NYSE:UPS)

Courier Capital LLC cut its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 4.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 18,224 shares of the transportation company’s stock after selling 784 shares during the quarter. Courier Capital LLC’s holdings in United Parcel Service were worth $2,004,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of UPS. IMG Wealth Management Inc. purchased a new position in shares of United Parcel Service in the 4th quarter worth about $25,000. Generali Investments Management Co LLC purchased a new position in shares of United Parcel Service in the 4th quarter worth about $26,000. Pinney & Scofield Inc. purchased a new position in shares of United Parcel Service in the 4th quarter worth about $27,000. Fourth Dimension Wealth LLC purchased a new stake in shares of United Parcel Service during the 4th quarter valued at about $28,000. Finally, Runnymede Capital Advisors Inc. purchased a new stake in shares of United Parcel Service during the 4th quarter valued at about $30,000. 60.26% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages recently commented on UPS. HSBC downgraded United Parcel Service from a “buy” rating to a “hold” rating and set a $105.00 target price on the stock. in a report on Thursday, May 1st. BMO Capital Markets dropped their target price on United Parcel Service from $130.00 to $125.00 and set an “outperform” rating on the stock in a report on Wednesday, April 30th. Wells Fargo & Company reiterated an “equal weight” rating and set a $98.00 target price (down from $120.00) on shares of United Parcel Service in a report on Tuesday, April 22nd. Galvan Research dropped their target price on United Parcel Service from $147.00 to $133.00 and set a “buy” rating on the stock in a report on Wednesday, April 9th. Finally, Deutsche Bank Aktiengesellschaft began coverage on United Parcel Service in a report on Friday, March 7th. They set a “hold” rating and a $119.00 target price on the stock. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $120.26.

United Parcel Service Price Performance

Shares of UPS opened at $99.27 on Tuesday. The firm has a market cap of $84.06 billion, a price-to-earnings ratio of 14.69, a PEG ratio of 1.55 and a beta of 1.22. The stock has a 50 day moving average of $97.10 and a 200-day moving average of $113.49. The company has a current ratio of 1.17, a quick ratio of 1.14 and a debt-to-equity ratio of 1.16. United Parcel Service, Inc. has a 52 week low of $90.55 and a 52 week high of $148.15.

United Parcel Service (NYSE:UPS) last issued its earnings results on Tuesday, April 29th. The transportation company reported $1.49 EPS for the quarter, topping the consensus estimate of $1.38 by $0.11. The company had revenue of $21.50 billion during the quarter, compared to analyst estimates of $21.25 billion. United Parcel Service had a return on equity of 39.13% and a net margin of 6.35%. The business’s revenue was down .9% on a year-over-year basis. During the same quarter last year, the firm earned $1.43 EPS. As a group, analysts forecast that United Parcel Service, Inc. will post 7.95 EPS for the current year.

United Parcel Service Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, June 5th. Investors of record on Monday, May 19th were issued a $1.64 dividend. This represents a $6.56 annualized dividend and a dividend yield of 6.61%. The ex-dividend date was Monday, May 19th. United Parcel Service’s dividend payout ratio (DPR) is 95.63%.

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.