United Parcel Service, Inc. (NYSE:UPS) Stock Position Reduced by Alan B Lancz & Associates Inc.

Alan B Lancz & Associates Inc. trimmed its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 4.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 6,970 shares of the transportation company’s stock after selling 300 shares during the quarter. United Parcel Service comprises 1.2% of Alan B Lancz & Associates Inc.’s portfolio, making the stock its 17th largest position. Alan B Lancz & Associates Inc.’s holdings in United Parcel Service were worth $1,096,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in UPS. TCG Advisory Services LLC acquired a new stake in United Parcel Service in the 4th quarter valued at approximately $1,202,000. Royal Fund Management LLC increased its position in United Parcel Service by 21.6% in the 4th quarter. Royal Fund Management LLC now owns 12,144 shares of the transportation company’s stock valued at $1,909,000 after acquiring an additional 2,154 shares during the period. AJOVista LLC acquired a new stake in United Parcel Service in the 4th quarter valued at approximately $156,000. Provence Wealth Management Group increased its position in United Parcel Service by 19.5% in the 4th quarter. Provence Wealth Management Group now owns 4,013 shares of the transportation company’s stock valued at $631,000 after acquiring an additional 656 shares during the period. Finally, Legacy Financial Advisors Inc. increased its position in United Parcel Service by 32.4% in the 4th quarter. Legacy Financial Advisors Inc. now owns 6,959 shares of the transportation company’s stock valued at $1,094,000 after acquiring an additional 1,704 shares during the period. 60.26% of the stock is currently owned by institutional investors and hedge funds.

United Parcel Service Stock Down 0.5 %

UPS traded down $0.79 during trading on Friday, reaching $146.43. 2,039,256 shares of the stock traded hands, compared to its average volume of 3,606,672. The stock has a market cap of $124.85 billion, a price-to-earnings ratio of 21.22, a price-to-earnings-growth ratio of 1.69 and a beta of 1.05. United Parcel Service, Inc. has a fifty-two week low of $133.68 and a fifty-two week high of $192.98. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.10 and a quick ratio of 1.04. The stock’s 50-day simple moving average is $149.39 and its two-hundred day simple moving average is $150.67.

United Parcel Service (NYSE:UPS) last posted its earnings results on Tuesday, April 23rd. The transportation company reported $1.43 earnings per share 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 company had revenue of $21.70 billion for the quarter, compared to analyst estimates of $21.84 billion. During the same period last year, the company earned $2.20 earnings per share. The business’s revenue was down 5.3% compared to the same quarter last year. As a group, equities research analysts expect that United Parcel Service, Inc. will post 8.23 EPS for the current 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 paid a $1.63 dividend. The ex-dividend date of this dividend is Friday, May 10th. This represents a $6.52 dividend on an annualized basis and a dividend yield of 4.45%. United Parcel Service’s payout ratio is presently 94.49%.

Analyst Upgrades and Downgrades

Several analysts recently commented on UPS shares. Barclays lowered their target price on United Parcel Service from $150.00 to $145.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 31st. Redburn Atlantic upgraded United Parcel Service from a “neutral” rating to a “buy” rating and set a $180.00 price target on the stock in a research report on Wednesday, April 3rd. Susquehanna raised their price objective on United Parcel Service from $150.00 to $160.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 24th. Argus lowered United Parcel Service from a “buy” rating to a “hold” rating in a research note on Wednesday, January 31st. Finally, TD Cowen reduced their price objective on United Parcel Service from $147.00 to $140.00 and set a “hold” rating for the company in a research note on Thursday, March 28th. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus 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.