United Parcel Service, Inc. (NYSE:UPS) Holdings Lowered by Stock Yards Bank & Trust Co.

Stock Yards Bank & Trust Co. trimmed its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 9.9% in the 1st quarter, HoldingsChannel reports. The firm owned 22,141 shares of the transportation company’s stock after selling 2,429 shares during the quarter. Stock Yards Bank & Trust Co.’s holdings in United Parcel Service were worth $2,435,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Norges Bank acquired a new position in United Parcel Service in the 4th quarter worth about $1,075,393,000. Raymond James Financial Inc. bought a new stake in shares of United Parcel Service in the 4th quarter worth approximately $393,680,000. Franklin Resources Inc. lifted its position in shares of United Parcel Service by 15.6% in the 4th quarter. Franklin Resources Inc. now owns 10,979,909 shares of the transportation company’s stock worth $1,384,567,000 after acquiring an additional 1,484,452 shares during the period. Charles Schwab Investment Management Inc. lifted its position in shares of United Parcel Service by 6.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 23,264,665 shares of the transportation company’s stock worth $2,933,674,000 after acquiring an additional 1,337,058 shares during the period. Finally, Amundi lifted its position in shares of United Parcel Service by 14.6% during the 4th quarter. Amundi now owns 10,040,863 shares of the transportation company’s stock worth $1,272,600,000 after buying an additional 1,277,328 shares during the period. 60.26% of the stock is owned by hedge funds and other institutional investors.

United Parcel Service Stock Performance

Shares of UPS opened at $99.89 on Friday. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.17 and a quick ratio of 1.14. The stock has a 50-day moving average of $97.49 and a 200-day moving average of $112.84. The company has a market cap of $84.58 billion, a PE ratio of 14.78, a P/E/G ratio of 1.55 and a beta of 1.22. United Parcel Service, Inc. has a one year low of $90.55 and a one year high of $148.15.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings results on Tuesday, April 29th. The transportation company reported $1.49 earnings per share for the quarter, beating the consensus estimate of $1.38 by $0.11. United Parcel Service had a net margin of 6.35% and a return on equity of 39.13%. The business had revenue of $21.50 billion for the quarter, compared to analysts’ expectations of $21.25 billion. During the same quarter last year, the firm earned $1.43 EPS. The firm’s revenue for the quarter was down .9% compared to the same quarter last year. On average, equities research analysts predict that United Parcel Service, Inc. will post 7.95 EPS for the current fiscal year.

United Parcel Service Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 5th. Investors of record on Monday, May 19th were given a $1.64 dividend. The ex-dividend date was Monday, May 19th. This represents a $6.56 annualized dividend and a yield of 6.57%. United Parcel Service’s payout ratio is 95.63%.

Wall Street Analyst Weigh In

UPS has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. dropped their price target on United Parcel Service from $120.00 to $115.00 and set a “neutral” rating for the company in a report on Monday, April 7th. Deutsche Bank Aktiengesellschaft began coverage on United Parcel Service in a research note on Friday, March 7th. They set a “hold” rating and a $119.00 price objective for the company. Barclays decreased their price objective on United Parcel Service from $100.00 to $90.00 and set an “underweight” rating for the company in a research note on Monday, March 31st. Loop Capital lowered their price target on United Parcel Service from $115.00 to $105.00 and set a “hold” rating on the stock in a research report on Wednesday, April 30th. Finally, Hsbc Global Res downgraded United Parcel Service from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 1st. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, United Parcel Service currently has an average rating of “Hold” and a consensus price target of $120.26.

United Parcel Service Company 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.