United Parcel Service, Inc. (NYSE:UPS) Stock Holdings Trimmed by Lido Advisors LLC

Lido Advisors LLC lowered its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 9.4% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,257 shares of the transportation company’s stock after selling 1,484 shares during the period. Lido Advisors LLC’s holdings in United Parcel Service were worth $1,332,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the company. BlackRock Inc. increased its position in shares of United Parcel Service by 1.7% during the 1st quarter. BlackRock Inc. now owns 44,906,446 shares of the transportation company’s stock valued at $4,195,157,000 after purchasing an additional 729,531 shares during the period. State Street Corp increased its position in shares of United Parcel Service by 1.3% during the 4th quarter. State Street Corp now owns 28,483,717 shares of the transportation company’s stock valued at $3,334,304,000 after purchasing an additional 375,783 shares during the period. Geode Capital Management LLC increased its position in shares of United Parcel Service by 3.8% during the 4th quarter. Geode Capital Management LLC now owns 9,333,183 shares of the transportation company’s stock valued at $1,090,158,000 after purchasing an additional 340,415 shares during the period. Capital Research Global Investors increased its position in shares of United Parcel Service by 17.7% during the 4th quarter. Capital Research Global Investors now owns 7,829,892 shares of the transportation company’s stock valued at $916,567,000 after purchasing an additional 1,176,081 shares during the period. Finally, Norges Bank acquired a new position in shares of United Parcel Service during the 4th quarter valued at $727,585,000. Institutional investors own 54.83% of the company’s stock.

Several equities analysts have recently issued reports on UPS shares. KeyCorp reiterated a “hold” rating on shares of United Parcel Service in a research report on Monday, April 20th. BMO Capital Markets cut United Parcel Service from a “market perform” rating to an “underperform” rating and lowered their price target for the company from $95.00 to $85.00 in a research report on Wednesday, April 29th. Deutsche Bank upgraded United Parcel Service from a “hold” rating to a “buy” rating and set a $119.00 target price on the stock in a report on Monday, March 2nd. CSFB decreased their target price on United Parcel Service from $105.00 to $101.00 and set a “neutral” rating on the stock in a report on Wednesday, April 29th. Finally, Credit Suisse Group decreased their target price on United Parcel Service from $105.00 to $101.00 and set a “neutral” rating on the stock in a report on Wednesday, April 29th. Five research analysts have rated the stock with a sell rating, eight have given a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $110.76.

UPS traded up $0.72 during trading on Tuesday, reaching $100.00. 600,308 shares of the stock traded hands, compared to its average volume of 4,012,177. The stock has a market cap of $85.97 billion, a price-to-earnings ratio of 20.07, a price-to-earnings-growth ratio of 2.43 and a beta of 0.83. United Parcel Service, Inc. has a fifty-two week low of $82.00 and a fifty-two week high of $125.31. The company has a debt-to-equity ratio of 8.06, a current ratio of 1.22 and a quick ratio of 1.22. The stock’s 50-day simple moving average is $96.90 and its two-hundred day simple moving average is $105.59.

United Parcel Service (NYSE:UPS) last released its quarterly earnings data on Tuesday, April 28th. The transportation company reported $1.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.23 by ($0.08). The firm had revenue of $18.04 billion for the quarter, compared to analyst estimates of $17.17 billion. United Parcel Service had a net margin of 5.73% and a return on equity of 152.81%. United Parcel Service’s revenue for the quarter was up 5.1% on a year-over-year basis. During the same period in the previous year, the business posted $1.39 EPS. Research analysts anticipate that United Parcel Service, Inc. will post 5.58 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Tuesday, May 26th will be given a dividend of $1.01 per share. The ex-dividend date of this dividend is Friday, May 22nd. This represents a $4.04 dividend on an annualized basis and a yield of 4.04%. United Parcel Service’s payout ratio is 53.65%.

United Parcel Service Profile

United Parcel Service, Inc provides letter and package delivery, specialized transportation, logistics, and financial services. It operates through three segments: U.S. Domestic Package, International Package, and Supply Chain & Freight. The U.S. Domestic Package segment offers time-definite delivery of letters, documents, small packages, and palletized freight through air and ground services in the United States.

Read More: SEC Filing

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Institutional Ownership by Quarter for United Parcel Service (NYSE:UPS)

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