United Parcel Service, Inc. (NYSE:UPS) Shares Sold by Sigma Investment Counselors Inc.

Sigma Investment Counselors Inc. lessened its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 0.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 59,258 shares of the transportation company’s stock after selling 439 shares during the quarter. Sigma Investment Counselors Inc.’s holdings in United Parcel Service were worth $6,518,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in UPS. IMG Wealth Management Inc. acquired a new stake in United Parcel Service during the 4th quarter worth $25,000. Generali Investments Management Co LLC acquired a new stake in United Parcel Service during the 4th quarter worth $26,000. Pinney & Scofield Inc. acquired a new position in shares of United Parcel Service during the 4th quarter valued at about $27,000. Citizens National Bank Trust Department boosted its position in shares of United Parcel Service by 525.0% during the 1st quarter. Citizens National Bank Trust Department now owns 250 shares of the transportation company’s stock valued at $27,000 after acquiring an additional 210 shares during the last quarter. Finally, Fourth Dimension Wealth LLC acquired a new position in shares of United Parcel Service during the 4th quarter valued at about $28,000. Institutional investors and hedge funds own 60.26% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Raymond James Financial lowered their price target on shares of United Parcel Service from $145.00 to $130.00 and set a “strong-buy” rating on the stock in a research report on Wednesday, April 9th. Barclays lowered their price target on shares of United Parcel Service from $100.00 to $90.00 and set an “underweight” rating on the stock in a research report on Monday, March 31st. Bank of America boosted their price target on shares of United Parcel Service from $111.00 to $115.00 and gave the company a “buy” rating in a research report on Friday, May 16th. JPMorgan Chase & Co. reduced their price objective on shares of United Parcel Service from $120.00 to $115.00 and set a “neutral” rating on the stock in a report on Monday, April 7th. Finally, Hsbc Global Res lowered shares of United Parcel Service from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 1st. Two research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, United Parcel Service has an average rating of “Hold” and a consensus target price of $119.29.

United Parcel Service Stock Down 3.1%

Shares of NYSE:UPS opened at $100.94 on Tuesday. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.09 and a quick ratio of 1.09. The firm has a market capitalization of $85.48 billion, a PE ratio of 14.71, a price-to-earnings-growth ratio of 2.01 and a beta of 1.21. The firm’s 50-day moving average is $98.91 and its two-hundred day moving average is $109.48. United Parcel Service, Inc. has a 1 year low of $90.55 and a 1 year high of $148.15.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings results on Tuesday, April 29th. The transportation company reported $1.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.38 by $0.11. The company had revenue of $21.50 billion for the quarter, compared to analyst estimates of $21.25 billion. United Parcel Service had a net margin of 6.44% and a return on equity of 40.15%. The business’s revenue for the quarter was down .9% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.43 earnings per share. Analysts predict that United Parcel Service, Inc. will post 7.95 EPS for the current year.

United Parcel Service Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 5th. Stockholders of record on Monday, May 19th were issued a $1.64 dividend. The ex-dividend date of this dividend was Monday, May 19th. This represents a $6.56 dividend on an annualized basis and a dividend yield of 6.50%. United Parcel Service’s payout ratio is 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.