United Parcel Service, Inc. (NYSE:UPS) Shares Sold by Simmons Bank

Simmons Bank cut its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 14.2% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 5,459 shares of the transportation company’s stock after selling 900 shares during the period. Simmons Bank’s holdings in United Parcel Service were worth $858,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Empirical Financial Services LLC d.b.a. Empirical Wealth Management boosted its holdings in United Parcel Service by 0.8% in the 4th quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 48,640 shares of the transportation company’s stock worth $7,648,000 after buying an additional 390 shares during the last quarter. Apollon Wealth Management LLC boosted its stake in shares of United Parcel Service by 44.3% in the fourth quarter. Apollon Wealth Management LLC now owns 15,281 shares of the transportation company’s stock worth $2,403,000 after acquiring an additional 4,689 shares during the last quarter. Maryland State Retirement & Pension System raised its stake in United Parcel Service by 1.1% in the 4th quarter. Maryland State Retirement & Pension System now owns 56,380 shares of the transportation company’s stock valued at $8,865,000 after purchasing an additional 600 shares during the last quarter. Private Advisor Group LLC lifted its holdings in United Parcel Service by 16.4% in the 4th quarter. Private Advisor Group LLC now owns 105,094 shares of the transportation company’s stock valued at $16,524,000 after purchasing an additional 14,837 shares in the last quarter. Finally, MeadowBrook Investment Advisors LLC acquired a new stake in United Parcel Service during the 4th quarter worth $127,000. Hedge funds and other institutional investors own 60.26% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on UPS. Bank of America lifted their price target on United Parcel Service from $157.00 to $160.00 and gave the stock a “neutral” rating in a report on Wednesday, April 24th. TD Cowen decreased their target price on shares of United Parcel Service from $147.00 to $140.00 and set a “hold” rating on the stock in a research report on Thursday, March 28th. TheStreet upgraded shares of United Parcel Service from a “c” rating to a “b-” rating in a research report on Tuesday, January 30th. Evercore ISI restated an “in-line” rating and issued a $154.00 price objective on shares of United Parcel Service in a report on Wednesday, March 27th. Finally, Barclays dropped their target price on shares of United Parcel Service from $150.00 to $145.00 and set an “equal weight” rating for the company in a report on Wednesday, January 31st. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $165.23.

United Parcel Service Trading Up 0.2 %

Shares of NYSE:UPS traded up $0.33 during trading on Wednesday, reaching $147.42. The stock had a trading volume of 1,602,973 shares, compared to its average volume of 4,153,850. The company has a quick ratio of 1.04, a current ratio of 1.10 and a debt-to-equity ratio of 1.11. The stock has a market cap of $125.70 billion, a P/E ratio of 21.16, a PEG ratio of 1.68 and a beta of 1.05. The business has a fifty day moving average price of $149.35 and a 200-day moving average price of $150.53. United Parcel Service, Inc. has a fifty-two week low of $133.68 and a fifty-two week high of $192.98.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings data on Tuesday, April 23rd. The transportation company reported $1.43 EPS for the quarter, beating analysts’ consensus estimates 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 business had revenue of $21.70 billion during the quarter, compared to the consensus estimate of $21.84 billion. During the same quarter in the previous year, the business earned $2.20 earnings per share. The business’s revenue for the quarter was down 5.3% on a year-over-year basis. As a group, analysts anticipate that United Parcel Service, Inc. will post 8.23 earnings per share for the current fiscal year.

United Parcel Service Announces Dividend

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 given a $1.63 dividend. This represents a $6.52 annualized dividend and a dividend yield of 4.42%. The ex-dividend date of this dividend is Friday, May 10th. United Parcel Service’s payout ratio is currently 94.49%.

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.