Procyon Advisors LLC Sells 382 Shares of United Parcel Service, Inc. (NYSE:UPS)

Procyon Advisors LLC reduced its stake in United Parcel Service, Inc. (NYSE:UPS) by 4.0% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,235 shares of the transportation company’s stock after selling 382 shares during the period. Procyon Advisors LLC’s holdings in United Parcel Service were worth $1,016,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in United Parcel Service by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 65,136,394 shares of the transportation company’s stock valued at $8,213,699,000 after acquiring an additional 370,705 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of United Parcel Service by 6.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 23,264,665 shares of the transportation company’s stock valued at $2,933,674,000 after purchasing an additional 1,337,058 shares in the last quarter. Geode Capital Management LLC lifted its stake in United Parcel Service by 2.7% during the 4th quarter. Geode Capital Management LLC now owns 15,704,334 shares of the transportation company’s stock valued at $1,979,695,000 after acquiring an additional 414,710 shares in the last quarter. Franklin Resources Inc. boosted its holdings in United Parcel Service by 15.6% during the fourth quarter. Franklin Resources Inc. now owns 10,979,909 shares of the transportation company’s stock worth $1,384,567,000 after purchasing an additional 1,484,452 shares during the last quarter. Finally, FMR LLC boosted its stake in shares of United Parcel Service by 2.5% in the 4th quarter. FMR LLC now owns 10,895,828 shares of the transportation company’s stock worth $1,373,964,000 after buying an additional 268,278 shares during the last quarter. Institutional investors own 60.26% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on UPS shares. UBS Group reduced their price target on shares of United Parcel Service from $141.00 to $127.00 and set a “buy” rating for the company in a research report on Thursday, April 3rd. Oppenheimer decreased their price objective on United Parcel Service from $126.00 to $114.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 30th. Raymond James lowered their target price on shares of United Parcel Service from $145.00 to $130.00 and set a “strong-buy” rating on the stock in a research note on Wednesday, April 9th. Barclays dropped their price objective on United Parcel Service from $100.00 to $90.00 and set an “underweight” rating for the company in a research note on Monday, March 31st. Finally, BMO Capital Markets decreased their target price on United Parcel Service from $130.00 to $125.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 30th. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $120.26.

United Parcel Service Stock Up 1.4%

UPS opened at $98.24 on Friday. United Parcel Service, Inc. has a 12 month low of $90.55 and a 12 month high of $148.15. The company has a current ratio of 1.17, a quick ratio of 1.14 and a debt-to-equity ratio of 1.16. The business’s 50-day moving average price is $97.32 and its 200-day moving average price is $113.86. The company has a market cap of $83.19 billion, a P/E ratio of 14.53, a P/E/G ratio of 1.55 and a beta of 1.22.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings results on Tuesday, April 29th. The transportation company reported $1.49 EPS for the quarter, topping analysts’ consensus estimates of $1.38 by $0.11. The business had revenue of $21.50 billion for the quarter, compared to analysts’ expectations of $21.25 billion. United Parcel Service had a return on equity of 39.13% and a net margin of 6.35%. The business’s quarterly revenue was down .9% on a year-over-year basis. During the same period in the previous year, the firm earned $1.43 EPS. On average, equities analysts expect that United Parcel Service, Inc. will post 7.95 EPS for the current year.

United Parcel Service Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 5th. Investors of record on Monday, May 19th were paid a $1.64 dividend. The ex-dividend date was Monday, May 19th. This represents a $6.56 annualized dividend and a dividend yield of 6.68%. United Parcel Service’s payout ratio is presently 95.63%.

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.