Guyasuta Investment Advisors Inc. Reduces Position in United Parcel Service, Inc. (NYSE:UPS)

Guyasuta Investment Advisors Inc. cut its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 0.6% during the first quarter, Holdings Channel.com reports. The institutional investor owned 64,032 shares of the transportation company’s stock after selling 371 shares during the quarter. Guyasuta Investment Advisors Inc.’s holdings in United Parcel Service were worth $10,068,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently made changes to their positions in UPS. Tennessee Valley Asset Management Partners acquired a new position in United Parcel Service during the fourth quarter valued at $26,000. Life Planning Partners Inc acquired a new position in United Parcel Service during the fourth quarter valued at $28,000. Northwest Financial Advisors acquired a new position in United Parcel Service during the fourth quarter valued at $28,000. Pineridge Advisors LLC acquired a new position in United Parcel Service during the fourth quarter valued at $31,000. Finally, Bourgeon Capital Management LLC acquired a new position in United Parcel Service during the fourth quarter valued at $31,000. 60.26% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

UPS has been the subject of a number of analyst reports. TD Cowen decreased their price objective on shares of United Parcel Service from $147.00 to $140.00 and set a “hold” rating for the company in a research report on Thursday, March 28th. Oppenheimer upped their price objective on shares of United Parcel Service from $153.00 to $157.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 24th. BMO Capital Markets upped their price objective on shares of United Parcel Service from $165.00 to $169.00 and gave the stock a “market perform” rating in a research report on Wednesday, April 24th. Redburn Atlantic upgraded shares of United Parcel Service from a “neutral” rating to a “buy” rating and set a $180.00 price objective for the company in a research report on Wednesday, April 3rd. Finally, JPMorgan Chase & Co. cut their target price on shares of United Parcel Service from $154.00 to $150.00 and set a “neutral” rating for the company in a research note on Tuesday, April 9th. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $164.55.

United Parcel Service Stock Up 0.8 %

Shares of UPS traded up $1.02 during midday trading on Friday, reaching $136.85. The stock had a trading volume of 6,607,956 shares, compared to its average volume of 4,068,995. United Parcel Service, Inc. has a 1-year low of $132.90 and a 1-year high of $192.98. The company’s fifty day simple moving average is $141.71 and its two-hundred day simple moving average is $148.61. The company has a market cap of $117.08 billion, a price-to-earnings ratio of 19.83, a PEG ratio of 1.75 and a beta of 1.01. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.10 and a quick ratio of 1.04.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings data on Tuesday, April 23rd. The transportation company reported $1.43 earnings per share for the quarter, beating analysts’ consensus estimates of $1.33 by $0.10. United Parcel Service had a net margin of 6.60% and a return on equity of 37.42%. The business had revenue of $21.70 billion for the quarter, compared to analyst estimates of $21.84 billion. During the same period last year, the business earned $2.20 EPS. The company’s revenue was down 5.3% on a year-over-year basis. Equities research analysts expect that United Parcel Service, Inc. will post 8.22 earnings per share for the current year.

United Parcel Service Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 30th. Stockholders of record on Monday, May 13th were issued a $1.63 dividend. The ex-dividend date was Friday, May 10th. This represents a $6.52 dividend on an annualized basis and a dividend yield of 4.76%. United Parcel Service’s payout ratio is 94.49%.

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.