Westhampton Capital LLC Sells 320 Shares of United Parcel Service, Inc. (NYSE:UPS)

Westhampton Capital LLC reduced its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 12.0% in the first quarter, Holdings Channel reports. The fund owned 2,355 shares of the transportation company’s stock after selling 320 shares during the quarter. Westhampton Capital LLC’s holdings in United Parcel Service were worth $350,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in UPS. Tennessee Valley Asset Management Partners bought a new position in shares of United Parcel Service in the 4th quarter worth $26,000. Life Planning Partners Inc bought a new position in shares of United Parcel Service during the fourth quarter valued at approximately $28,000. Northwest Financial Advisors bought a new position in shares of United Parcel Service in the 4th quarter worth about $28,000. Pineridge Advisors LLC purchased a new stake in United Parcel Service in the fourth quarter worth approximately $31,000. Finally, Bourgeon Capital Management LLC bought a new stake in shares of United Parcel Service during the 4th quarter valued at about $31,000. 60.26% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have commented on UPS. HSBC upgraded shares of United Parcel Service from a “hold” rating to a “buy” rating and raised their target price for the stock from $150.00 to $170.00 in a research note on Thursday, April 25th. Morgan Stanley boosted their target price on shares of United Parcel Service from $95.00 to $100.00 and gave the company an “underweight” rating in a research note on Wednesday, March 27th. Oppenheimer boosted their price target on shares of United Parcel Service from $153.00 to $157.00 and gave the company an “outperform” rating in a report on Wednesday, April 24th. Bank of America lifted their target price on United Parcel Service from $157.00 to $160.00 and gave the company a “neutral” rating in a research note on Wednesday, April 24th. Finally, BMO Capital Markets boosted their target price on United Parcel Service from $165.00 to $169.00 and gave the stock a “market perform” rating in a research note on Wednesday, April 24th. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, United Parcel Service has an average rating of “Hold” and a consensus price target of $164.55.

United Parcel Service Trading Down 1.3 %

Shares of United Parcel Service stock traded down $1.79 during trading hours on Tuesday, hitting $134.16. The company’s stock had a trading volume of 1,518,064 shares, compared to its average volume of 4,037,644. 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 company has a market capitalization of $114.78 billion, a PE ratio of 19.60, a P/E/G ratio of 1.74 and a beta of 0.98. The business has a fifty day moving average of $141.71 and a 200 day moving average of $148.50. United Parcel Service, Inc. has a 1-year low of $132.90 and a 1-year high of $192.98.

United Parcel Service (NYSE:UPS) last released its earnings results on Tuesday, April 23rd. The transportation company reported $1.43 EPS for the quarter, beating the consensus estimate of $1.33 by $0.10. The company had revenue of $21.70 billion during the quarter, compared to analysts’ expectations 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 was down 5.3% on a year-over-year basis. During the same period in the prior year, the business posted $2.20 EPS. As a group, equities analysts forecast that United Parcel Service, Inc. will post 8.22 EPS for the current year.

United Parcel Service Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 30th. Investors of record on Monday, May 13th were issued a $1.63 dividend. The ex-dividend date was Friday, May 10th. This represents a $6.52 dividend on an annualized basis and a dividend yield of 4.86%. United Parcel Service’s dividend payout ratio (DPR) is presently 94.49%.

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.