Stokes Family Office LLC Sells 563 Shares of United Parcel Service, Inc. (NYSE:UPS)

Stokes Family Office LLC trimmed its position in United Parcel Service, Inc. (NYSE:UPS) by 30.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,291 shares of the transportation company’s stock after selling 563 shares during the quarter. Stokes Family Office LLC’s holdings in United Parcel Service were worth $203,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. grew its stake in shares of United Parcel Service by 4.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 15,889,570 shares of the transportation company’s stock worth $2,456,055,000 after buying an additional 628,944 shares in the last quarter. International Assets Investment Management LLC increased its stake in United Parcel Service by 15,631.2% during the fourth quarter. International Assets Investment Management LLC now owns 14,502,261 shares of the transportation company’s stock worth $2,280,190,000 after acquiring an additional 14,410,073 shares during the last quarter. Wellington Management Group LLP raised its position in United Parcel Service by 31.7% during the third quarter. Wellington Management Group LLP now owns 9,677,202 shares of the transportation company’s stock valued at $1,508,385,000 after purchasing an additional 2,331,875 shares during the period. Northern Trust Corp boosted its holdings in shares of United Parcel Service by 0.4% in the 3rd quarter. Northern Trust Corp now owns 8,411,989 shares of the transportation company’s stock worth $1,311,177,000 after purchasing an additional 31,533 shares during the period. Finally, American Century Companies Inc. increased its position in shares of United Parcel Service by 28.0% during the 3rd quarter. American Century Companies Inc. now owns 2,433,087 shares of the transportation company’s stock valued at $379,245,000 after purchasing an additional 532,934 shares during the last quarter. 60.26% of the stock is currently owned by hedge funds and other institutional investors.

United Parcel Service Stock Down 0.5 %

Shares of NYSE UPS opened at $146.43 on Friday. The company has a current ratio of 1.10, a quick ratio of 1.04 and a debt-to-equity ratio of 1.11. The stock has a market capitalization of $124.85 billion, a PE ratio of 21.22, a price-to-earnings-growth ratio of 1.68 and a beta of 1.05. The stock’s fifty day simple moving average is $149.39 and its two-hundred day simple moving average is $150.67. United Parcel Service, Inc. has a 12-month low of $133.68 and a 12-month 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 EPS for the quarter, beating the consensus estimate of $1.33 by $0.10. United Parcel Service had a return on equity of 37.42% and a net margin of 6.60%. The firm had revenue of $21.70 billion during the quarter, compared to analyst estimates of $21.84 billion. During the same quarter in the prior year, the business posted $2.20 EPS. The business’s revenue for the quarter was down 5.3% compared to the same quarter last year. As a group, analysts expect that United Parcel Service, Inc. will post 8.23 EPS for the current fiscal year.

United Parcel Service Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 30th. Stockholders of record on Monday, May 13th will be issued a dividend of $1.63 per share. The ex-dividend date is Friday, May 10th. This represents a $6.52 annualized dividend and a dividend yield of 4.45%. United Parcel Service’s dividend payout ratio is presently 94.49%.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Robert W. Baird upgraded shares of 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 report on Friday, February 16th. Oppenheimer raised 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 note on Wednesday, April 24th. TD Cowen cut their target price on United Parcel Service from $147.00 to $140.00 and set a “hold” rating on the stock in a research note on Thursday, March 28th. Deutsche Bank Aktiengesellschaft decreased their price target on 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. Finally, Redburn Atlantic raised United Parcel Service from a “neutral” rating to a “buy” rating and set a $180.00 price target for the company in a research note on Wednesday, April 3rd. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $165.23.

About United Parcel Service

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.