Garland Capital Management Inc. Cuts Stock Holdings in United Parcel Service, Inc. (NYSE:UPS)

Garland Capital Management Inc. cut its holdings in United Parcel Service, Inc. (NYSE:UPSFree Report) by 4.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 38,452 shares of the transportation company’s stock after selling 1,764 shares during the quarter. United Parcel Service makes up approximately 4.2% of Garland Capital Management Inc.’s holdings, making the stock its 5th largest holding. Garland Capital Management Inc.’s holdings in United Parcel Service were worth $6,046,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of UPS. RB Capital Management LLC boosted its position in United Parcel Service by 3.1% during the 1st quarter. RB Capital Management LLC now owns 2,689 shares of the transportation company’s stock valued at $577,000 after acquiring an additional 81 shares in the last quarter. Ergoteles LLC bought a new stake in United Parcel Service during the 1st quarter valued at approximately $1,162,000. Halbert Hargrove Global Advisors LLC boosted its position in United Parcel Service by 10.0% during the 1st quarter. Halbert Hargrove Global Advisors LLC now owns 1,233 shares of the transportation company’s stock valued at $264,000 after acquiring an additional 112 shares in the last quarter. First Western Trust Bank bought a new stake in United Parcel Service during the 1st quarter valued at approximately $515,000. Finally, Stevens Capital Management LP bought a new stake in United Parcel Service during the 1st quarter valued at approximately $701,000. 60.26% of the stock is owned by institutional investors.

Insider Buying and Selling at United Parcel Service

In other news, Director Eva C. Boratto bought 1,400 shares of the stock in a transaction on Friday, February 2nd. The stock was bought at an average cost of $142.30 per share, for a total transaction of $199,220.00. Following the completion of the purchase, the director now directly owns 1,400 shares in the company, valued at $199,220. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.13% of the stock is owned by insiders.

United Parcel Service Trading Down 2.8 %

Shares of NYSE:UPS traded down $4.14 during trading on Friday, reaching $144.87. 4,121,111 shares of the company were exchanged, compared to its average volume of 4,340,167. The firm has a market capitalization of $123.52 billion, a PE ratio of 18.81, a P/E/G ratio of 1.71 and a beta of 1.05. The business’s fifty day simple moving average is $149.64 and its 200-day simple moving average is $151.64. United Parcel Service, Inc. has a 12-month low of $133.68 and a 12-month high of $197.80. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.10 and a quick ratio of 1.10.

United Parcel Service (NYSE:UPSGet Free Report) last issued its earnings results on Tuesday, January 30th. The transportation company reported $2.47 EPS for the quarter, topping analysts’ consensus estimates of $2.46 by $0.01. United Parcel Service had a net margin of 7.37% and a return on equity of 39.46%. The business had revenue of $24.92 billion for the quarter, compared to analyst estimates of $25.40 billion. During the same period last year, the company posted $3.62 earnings per share. The company’s quarterly revenue was down 7.8% compared to the same quarter last year. On average, research analysts anticipate that United Parcel Service, Inc. will post 8.21 EPS for the current year.

United Parcel Service Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 8th. Shareholders of record on Tuesday, February 20th were paid a $1.63 dividend. This represents a $6.52 annualized dividend and a yield of 4.50%. This is an increase from United Parcel Service’s previous quarterly dividend of $1.62. The ex-dividend date was Friday, February 16th. United Parcel Service’s dividend payout ratio (DPR) is 83.70%.

Analyst Ratings Changes

UPS has been the topic of several research reports. Susquehanna reaffirmed a “neutral” rating and set a $150.00 price objective on shares of United Parcel Service in a research report on Wednesday, March 27th. TD Cowen dropped their price target on 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. Deutsche Bank Aktiengesellschaft dropped their price target on United Parcel Service from $183.00 to $179.00 and set a “buy” rating on the stock in a research report on Thursday, March 28th. UBS Group raised United Parcel Service from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $160.00 to $175.00 in a research report on Tuesday, February 6th. Finally, JPMorgan Chase & Co. dropped their price target on United Parcel Service from $154.00 to $150.00 and set a “neutral” rating on the stock in a research report on Tuesday. One analyst has rated the stock with a sell rating, sixteen have assigned a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $165.61.

Check Out Our Latest Stock Report on UPS

About United Parcel Service

(Free Report)

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.

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Institutional Ownership by Quarter for United Parcel Service (NYSE:UPS)

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