United Parcel Service, Inc. $UPS Shares Sold by Lowe Brockenbrough & Co. Inc.

Lowe Brockenbrough & Co. Inc. lessened its stake in United Parcel Service, Inc. (NYSE:UPS) by 74.5% in the 4th quarter, Holdings Channel reports. The firm owned 9,203 shares of the transportation company’s stock after selling 26,929 shares during the period. Lowe Brockenbrough & Co. Inc.’s holdings in United Parcel Service were worth $913,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. MCF Advisors LLC boosted its position in United Parcel Service by 753.8% in the 4th quarter. MCF Advisors LLC now owns 5,874 shares of the transportation company’s stock valued at $583,000 after buying an additional 5,186 shares during the period. Ipsen Advisor Group LLC boosted its position in United Parcel Service by 1.7% in the 4th quarter. Ipsen Advisor Group LLC now owns 5,670 shares of the transportation company’s stock valued at $562,000 after buying an additional 95 shares during the period. Pinebridge Investments LLC purchased a new position in United Parcel Service in the 4th quarter valued at approximately $9,324,000. FLC Capital Advisors boosted its position in United Parcel Service by 3.9% in the 4th quarter. FLC Capital Advisors now owns 20,747 shares of the transportation company’s stock valued at $2,058,000 after buying an additional 771 shares during the period. Finally, Parallel Advisors LLC boosted its position in United Parcel Service by 20.1% in the 4th quarter. Parallel Advisors LLC now owns 20,440 shares of the transportation company’s stock valued at $2,027,000 after buying an additional 3,425 shares during the period. Hedge funds and other institutional investors own 60.26% of the company’s stock.

United Parcel Service Price Performance

United Parcel Service stock opened at $108.65 on Friday. The stock has a market cap of $92.35 billion, a P/E ratio of 17.58, a price-to-earnings-growth ratio of 1.73 and a beta of 1.05. The company has a fifty day simple moving average of $102.18 and a 200-day simple moving average of $103.56. United Parcel Service, Inc. has a 12-month low of $82.00 and a 12-month high of $122.41. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 1.50.

United Parcel Service (NYSE:UPS) last released its quarterly earnings data on Tuesday, April 28th. The transportation company reported $1.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.02 by $0.05. The business had revenue of $21.20 billion during the quarter, compared to analysts’ expectations of $20.99 billion. United Parcel Service had a net margin of 5.94% and a return on equity of 35.95%. The company’s revenue for the quarter was down 1.4% on a year-over-year basis. During the same period in the previous year, the company earned $1.49 EPS. Equities analysts expect that United Parcel Service, Inc. will post 7.1 EPS for the current fiscal year.

United Parcel Service Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 4th. Stockholders of record on Monday, May 18th were given a dividend of $1.64 per share. This represents a $6.56 annualized dividend and a dividend yield of 6.0%. The ex-dividend date of this dividend was Monday, May 18th. United Parcel Service’s payout ratio is 106.15%.

Analyst Ratings Changes

Several brokerages have commented on UPS. Susquehanna raised their price target on shares of United Parcel Service from $116.00 to $118.00 and gave the company a “neutral” rating in a research report on Wednesday, April 29th. Evercore decreased their price target on shares of United Parcel Service from $115.00 to $113.00 and set an “in-line” rating for the company in a research report on Wednesday, April 22nd. UBS Group decreased their price target on shares of United Parcel Service from $125.00 to $123.00 and set a “buy” rating for the company in a research report on Wednesday, April 29th. Weiss Ratings cut shares of United Parcel Service from a “hold (c)” rating to a “sell (d+)” rating in a research report on Friday, May 8th. Finally, Citigroup lifted their price objective on shares of United Parcel Service from $118.00 to $127.00 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, eleven have assigned a Hold rating and four have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $111.50.

United Parcel Service Profile

United Parcel Service (NYSE: UPS) is a global package delivery and supply chain management company that provides a broad range of transportation, logistics and e-commerce services. Its core business centers on small-package delivery and last-mile distribution for business and individual customers, supported by a network of ground transportation, air cargo operations (UPS Airlines) and sorting facilities. In addition to parcel delivery, UPS offers freight transportation, contract logistics, warehousing, customs brokerage and reverse-logistics solutions designed to support domestic and international commerce.

The company traces its roots to 1907 when it began as a small messenger service in the United States and later evolved into the United Parcel Service.