United Parcel Service, Inc. (NYSE:UPS) Stock Position Decreased by Bourne Lent Asset Management Inc.

Bourne Lent Asset Management Inc. cut its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 1.0% in the first quarter, Holdings Channel reports. The firm owned 25,408 shares of the transportation company’s stock after selling 250 shares during the period. United Parcel Service accounts for 1.2% of Bourne Lent Asset Management Inc.’s investment portfolio, making the stock its 19th largest holding. Bourne Lent Asset Management Inc.’s holdings in United Parcel Service were worth $2,795,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also made changes to their positions in the company. IMG Wealth Management Inc. acquired a new stake in United Parcel Service in the 4th quarter valued at approximately $25,000. Generali Investments Management Co LLC acquired a new stake in shares of United Parcel Service during the 4th quarter worth approximately $26,000. Pinney & Scofield Inc. acquired a new stake in shares of United Parcel Service during the 4th quarter worth approximately $27,000. Fourth Dimension Wealth LLC acquired a new stake in shares of United Parcel Service during the 4th quarter worth approximately $28,000. Finally, Runnymede Capital Advisors Inc. acquired a new stake in shares of United Parcel Service during the 4th quarter worth approximately $30,000. 60.26% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts have recently weighed in on UPS shares. Susquehanna decreased their price objective on United Parcel Service from $120.00 to $110.00 and set a “neutral” rating on the stock in a report on Wednesday, April 30th. HSBC lowered United Parcel Service from a “buy” rating to a “hold” rating and set a $105.00 price objective on the stock. in a report on Thursday, May 1st. 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 report on Wednesday, April 30th. Hsbc Global Res lowered United Parcel Service from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 1st. Finally, Raymond James cut their target price on United Parcel Service from $145.00 to $130.00 and set a “strong-buy” rating for the company in a research report on Wednesday, April 9th. Two equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $120.26.

United Parcel Service Trading Up 1.4%

Shares of UPS opened at $98.24 on Friday. The stock has a fifty day moving average price of $97.32 and a two-hundred day moving average price of $113.86. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.14 and a current ratio of 1.17. United Parcel Service, Inc. has a 52-week low of $90.55 and a 52-week high of $148.15. The company has a market cap of $83.19 billion, a price-to-earnings ratio of 14.53, a PEG ratio of 1.55 and a beta of 1.22.

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

United Parcel Service Dividend Announcement

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

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.