United Parcel Service, Inc. $UPS Shares Sold by Dupree Financial Group LLC

Dupree Financial Group LLC trimmed its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 63.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 38,471 shares of the transportation company’s stock after selling 65,912 shares during the quarter. United Parcel Service comprises 1.5% of Dupree Financial Group LLC’s holdings, making the stock its 26th biggest position. Dupree Financial Group LLC’s holdings in United Parcel Service were worth $3,785,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in the stock. University of Texas Texas AM Investment Management Co. acquired a new position in shares of United Parcel Service during the fourth quarter valued at approximately $25,000. IFC & Insurance Marketing Inc. bought a new stake in United Parcel Service during the fourth quarter worth approximately $25,000. Coston McIsaac & Partners lifted its position in United Parcel Service by 77.8% in the fourth quarter. Coston McIsaac & Partners now owns 272 shares of the transportation company’s stock worth $27,000 after purchasing an additional 119 shares during the period. Torren Management LLC acquired a new stake in United Parcel Service in the fourth quarter worth approximately $29,000. Finally, Kemnay Advisory Services Inc. bought a new position in United Parcel Service during the 4th quarter valued at $29,000. 60.26% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

UPS has been the topic of several research analyst reports. Weiss Ratings cut United Parcel Service from a “hold (c)” rating to a “sell (d+)” rating in a research report on Friday, May 8th. Citigroup upped their price objective on United Parcel Service from $118.00 to $127.00 and gave the company a “buy” rating in a report on Wednesday, April 29th. Evercore decreased their target price on United Parcel Service from $115.00 to $113.00 and set an “in-line” rating for the company in a research note on Wednesday, April 22nd. UBS Group lowered their target price on United Parcel Service from $125.00 to $123.00 and set a “buy” rating on the stock in a report on Wednesday, April 29th. Finally, 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 report on Wednesday, April 29th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, eleven have given a Hold rating and four have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $111.50.

United Parcel Service Stock Performance

Shares of UPS opened at $108.22 on Monday. The company has a market capitalization of $91.99 billion, a PE ratio of 17.51, a PEG ratio of 1.72 and a beta of 1.05. The company has a debt-to-equity ratio of 1.50, a quick ratio of 1.21 and a current ratio of 1.21. The company’s 50 day moving average price is $104.58 and its 200 day moving average price is $104.94. United Parcel Service, Inc. has a 52 week low of $82.00 and a 52 week high of $122.41.

United Parcel Service (NYSE:UPS) last released its earnings results on Tuesday, April 28th. The transportation company reported $1.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.02 by $0.05. United Parcel Service had a net margin of 5.94% and a return on equity of 35.95%. The company had revenue of $21.20 billion during the quarter, compared to the consensus estimate of $20.99 billion. During the same quarter in the prior year, the firm earned $1.49 EPS. The company’s revenue was down 1.4% compared to the same quarter last year. Research 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 announced a quarterly dividend, which was paid on Thursday, June 4th. Shareholders of record on Monday, May 18th were paid a $1.64 dividend. The ex-dividend date was Monday, May 18th. This represents a $6.56 dividend on an annualized basis and a yield of 6.1%. United Parcel Service’s payout ratio is 106.15%.

About United Parcel Service

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.