Bellevue Asset Management LLC Lowers Stock Holdings in United Parcel Service, Inc. (NYSE:UPS)

Bellevue Asset Management LLC decreased its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 14.2% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,336 shares of the transportation company’s stock after selling 222 shares during the quarter. Bellevue Asset Management LLC’s holdings in United Parcel Service were worth $210,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in UPS. Harbor Capital Advisors Inc. raised its holdings in shares of United Parcel Service by 0.4% in the 4th quarter. Harbor Capital Advisors Inc. now owns 17,530 shares of the transportation company’s stock worth $2,756,000 after purchasing an additional 64 shares during the period. First Financial Corp IN lifted its position in United Parcel Service by 24.2% during the fourth quarter. First Financial Corp IN now owns 334 shares of the transportation company’s stock valued at $53,000 after buying an additional 65 shares in the last quarter. Gleason Group Inc. grew its stake in United Parcel Service by 1.1% during the fourth quarter. Gleason Group Inc. now owns 6,351 shares of the transportation company’s stock worth $999,000 after buying an additional 66 shares during the period. Advisors Capital Management LLC increased its position in shares of United Parcel Service by 0.5% in the third quarter. Advisors Capital Management LLC now owns 15,085 shares of the transportation company’s stock worth $2,351,000 after acquiring an additional 69 shares in the last quarter. Finally, Dfpg Investments LLC raised its stake in shares of United Parcel Service by 0.3% in the 4th quarter. Dfpg Investments LLC now owns 25,270 shares of the transportation company’s stock valued at $3,981,000 after acquiring an additional 69 shares during the period. Hedge funds and other institutional investors own 60.26% of the company’s stock.

United Parcel Service Stock Performance

NYSE UPS traded down $0.79 on Friday, hitting $146.43. The stock had a trading volume of 2,039,256 shares, compared to its average volume of 3,606,672. The company’s 50-day moving average is $149.39 and its two-hundred day moving average is $150.67. The stock has a market cap of $124.85 billion, a price-to-earnings ratio of 21.22, a P/E/G ratio of 1.68 and a beta of 1.05. The company has a quick ratio of 1.04, a current ratio of 1.10 and a debt-to-equity ratio of 1.11. United Parcel Service, Inc. has a one year low of $133.68 and a one year high of $192.98.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings data on Tuesday, April 23rd. The transportation company reported $1.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.33 by $0.10. The business 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 business’s revenue for the quarter was down 5.3% compared to the same quarter last year. During the same period in the prior year, the company posted $2.20 EPS. On average, analysts expect that United Parcel Service, Inc. will post 8.23 earnings per share for the current year.

United Parcel Service Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 30th. Investors of record on Monday, May 13th will be given a $1.63 dividend. The ex-dividend date is Friday, May 10th. This represents a $6.52 dividend on an annualized basis and a yield of 4.45%. United Parcel Service’s dividend payout ratio is presently 94.49%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on UPS shares. Morgan Stanley increased their price target on United Parcel Service from $95.00 to $100.00 and gave the company an “underweight” rating in a report on Wednesday, March 27th. Oppenheimer raised their target price on United Parcel Service from $153.00 to $157.00 and gave the company an “outperform” rating in a report on Wednesday, April 24th. Susquehanna upped their price target on United Parcel Service from $150.00 to $160.00 and gave the stock a “neutral” rating in a report on Wednesday, April 24th. Argus lowered shares of United Parcel Service from a “buy” rating to a “hold” rating in a research note on Wednesday, January 31st. Finally, Deutsche Bank Aktiengesellschaft decreased their target price on shares of United Parcel Service from $183.00 to $179.00 and set a “buy” rating for the company in a research note on Thursday, March 28th. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, United Parcel Service currently has a consensus rating of “Hold” and an average price target of $165.23.

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.