United Parcel Service, Inc. $UPS Stock Holdings Cut by Clifford Swan Investment Counsel LLC

Clifford Swan Investment Counsel LLC reduced its stake in United Parcel Service, Inc. (NYSE:UPS) by 0.6% during the 4th quarter, Holdings Channel reports. The institutional investor owned 970,588 shares of the transportation company’s stock after selling 5,769 shares during the period. United Parcel Service comprises approximately 3.2% of Clifford Swan Investment Counsel LLC’s investment portfolio, making the stock its 4th largest position. Clifford Swan Investment Counsel LLC’s holdings in United Parcel Service were worth $96,273,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Westbourne Investments Inc. raised its holdings in United Parcel Service by 1.2% in the 4th quarter. Westbourne Investments Inc. now owns 7,876 shares of the transportation company’s stock valued at $781,000 after buying an additional 91 shares during the period. Webster Bank N. A. increased its stake in United Parcel Service by 16.7% during the fourth quarter. Webster Bank N. A. now owns 698 shares of the transportation company’s stock worth $69,000 after purchasing an additional 100 shares during the period. Peoples Financial Services CORP. increased its stake in United Parcel Service by 2.5% during the fourth quarter. Peoples Financial Services CORP. now owns 4,030 shares of the transportation company’s stock worth $400,000 after purchasing an additional 100 shares during the period. Argyle Capital Management LLC increased its stake in United Parcel Service by 0.4% during the fourth quarter. Argyle Capital Management LLC now owns 27,505 shares of the transportation company’s stock worth $2,728,000 after purchasing an additional 100 shares during the period. Finally, Spurstone Advisory Services LLC increased its stake in United Parcel Service by 2.7% during the fourth quarter. Spurstone Advisory Services LLC now owns 3,742 shares of the transportation company’s stock worth $371,000 after purchasing an additional 100 shares during the period. 60.26% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

UPS has been the topic of a number of recent research reports. Evercore cut their price target on shares of United Parcel Service from $115.00 to $113.00 and set an “in-line” rating on the stock in a research note on Wednesday, April 22nd. Citigroup boosted their price target on shares of United Parcel Service from $118.00 to $127.00 and gave the stock a “buy” rating in a research note on Wednesday, April 29th. Weiss Ratings lowered shares of United Parcel Service from a “hold (c)” rating to a “sell (d+)” rating in a research note on Friday, May 8th. Susquehanna boosted their price target on shares of United Parcel Service from $116.00 to $118.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 29th. Finally, UBS Group cut their target price on shares of United Parcel Service from $125.00 to $123.00 and set a “buy” rating on the stock in a research note on Wednesday, April 29th. One 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 assigned a Sell rating to the stock. Based on data from MarketBeat.com, United Parcel Service has a consensus rating of “Hold” and a consensus target price of $111.50.

United Parcel Service Price Performance

UPS stock opened at $110.10 on Friday. The company has a market capitalization of $93.59 billion, a P/E ratio of 17.82, a PEG ratio of 1.73 and a beta of 1.05. United Parcel Service, Inc. has a twelve month low of $82.00 and a twelve month high of $122.41. The business has a 50 day simple moving average of $101.98 and a 200-day simple moving average of $103.53. 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 posted its quarterly earnings data on Tuesday, April 28th. The transportation company reported $1.07 earnings per share for the quarter, beating the consensus estimate of $1.02 by $0.05. The business had revenue of $21.20 billion during the quarter, compared to the consensus estimate of $20.99 billion. United Parcel Service had a return on equity of 35.95% and a net margin of 5.94%.The company’s revenue was down 1.4% compared to the same quarter last year. During the same period in the prior year, the company earned $1.49 earnings per share. As a group, equities analysts anticipate that United Parcel Service, Inc. will post 7.1 EPS for the current year.

United Parcel Service Dividend Announcement

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

United Parcel Service Company 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.