Bryn Mawr Capital Management LLC Sells 7,603 Shares of United Parcel Service, Inc. (NYSE:UPS)

Bryn Mawr Capital Management LLC lowered its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 56.6% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 5,834 shares of the transportation company’s stock after selling 7,603 shares during the period. Bryn Mawr Capital Management LLC’s holdings in United Parcel Service were worth $917,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. MWA Asset Management bought a new stake in United Parcel Service during the 3rd quarter worth $2,125,000. Chesapeake Wealth Management grew its position in United Parcel Service by 1.3% during the 3rd quarter. Chesapeake Wealth Management now owns 7,886 shares of the transportation company’s stock worth $1,229,000 after acquiring an additional 103 shares during the last quarter. Cerity Partners LLC grew its position in United Parcel Service by 13.1% during the 4th quarter. Cerity Partners LLC now owns 387,381 shares of the transportation company’s stock worth $60,908,000 after acquiring an additional 44,721 shares during the last quarter. CapWealth Advisors LLC grew its position in United Parcel Service by 1.2% during the 4th quarter. CapWealth Advisors LLC now owns 58,184 shares of the transportation company’s stock worth $9,148,000 after acquiring an additional 686 shares during the last quarter. Finally, Telos Capital Management Inc. grew its position in United Parcel Service by 1.0% during the 3rd quarter. Telos Capital Management Inc. now owns 74,337 shares of the transportation company’s stock worth $11,587,000 after acquiring an additional 740 shares during the last quarter. Institutional investors own 60.26% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have commented on UPS. BMO Capital Markets lifted their target price on United Parcel Service from $165.00 to $169.00 and gave the stock a “market perform” rating in a report on Wednesday. TheStreet raised United Parcel Service from a “c” rating to a “b-” rating in a report on Tuesday, January 30th. Robert W. Baird raised United Parcel Service from a “neutral” rating to an “outperform” rating and boosted their price objective for the company from $165.00 to $170.00 in a research note on Friday, February 16th. Raymond James dropped their price objective on United Parcel Service from $185.00 to $175.00 and set a “strong-buy” rating on the stock in a research note on Wednesday, January 31st. Finally, HSBC raised United Parcel Service from a “hold” rating to a “buy” rating and boosted their price objective for the company from $150.00 to $170.00 in a research note on Thursday. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $165.23.

United Parcel Service Stock Up 0.1 %

UPS stock opened at $147.53 on Friday. The stock’s 50 day simple moving average is $149.56 and its 200 day simple moving average is $150.96. United Parcel Service, Inc. has a fifty-two week low of $133.68 and a fifty-two week high of $192.98. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.10 and a current ratio of 1.10. The company has a market cap of $125.79 billion, a P/E ratio of 21.38, a price-to-earnings-growth ratio of 1.69 and a beta of 1.05.

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

United Parcel Service Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 8th. Shareholders of record on Tuesday, February 20th were issued a dividend of $1.63 per share. This is a positive change from United Parcel Service’s previous quarterly dividend of $1.62. This represents a $6.52 dividend on an annualized basis and a yield of 4.42%. The ex-dividend date was Friday, February 16th. United Parcel Service’s payout ratio is currently 94.49%.

Insiders Place Their Bets

In related news, Director Eva C. Boratto acquired 1,400 shares of the firm’s stock in a transaction on Friday, February 2nd. The stock was purchased at an average cost of $142.30 per share, with a total value of $199,220.00. Following the acquisition, the director now owns 1,400 shares of the company’s stock, valued at approximately $199,220. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 0.13% of the company’s stock.

United Parcel Service 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.