S&CO Inc. Cuts Stake in United Parcel Service, Inc. (NYSE:UPS)

S&CO Inc. lowered its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 30.6% in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,270 shares of the transportation company’s stock after selling 1,000 shares during the quarter. S&CO Inc.’s holdings in United Parcel Service were worth $249,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. Brighton Jones LLC increased its holdings in shares of United Parcel Service by 63.8% in the 4th quarter. Brighton Jones LLC now owns 12,126 shares of the transportation company’s stock valued at $1,529,000 after purchasing an additional 4,723 shares in the last quarter. Schroder Investment Management Group increased its holdings in shares of United Parcel Service by 6.9% in the 4th quarter. Schroder Investment Management Group now owns 190,286 shares of the transportation company’s stock valued at $23,847,000 after purchasing an additional 12,286 shares in the last quarter. Prevail Innovative Wealth Advisors LLC purchased a new position in shares of United Parcel Service in the 4th quarter valued at about $304,000. O Shaughnessy Asset Management LLC increased its holdings in shares of United Parcel Service by 1.6% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 41,386 shares of the transportation company’s stock valued at $5,219,000 after purchasing an additional 641 shares in the last quarter. Finally, Meeder Asset Management Inc. increased its holdings in shares of United Parcel Service by 3,650.0% in the 4th quarter. Meeder Asset Management Inc. now owns 4,500 shares of the transportation company’s stock valued at $567,000 after purchasing an additional 4,380 shares in the last quarter. Hedge funds and other institutional investors own 60.26% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on UPS. Stifel Nicolaus cut their price target on shares of United Parcel Service from $145.00 to $124.00 and set a “buy” rating for the company in a report on Wednesday, April 30th. JPMorgan Chase & Co. cut their price target on shares of United Parcel Service from $110.00 to $107.00 and set a “neutral” rating for the company in a report on Tuesday, July 8th. Hsbc Global Res downgraded shares of United Parcel Service from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 1st. Raymond James Financial lowered their price objective 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. Finally, Stephens lowered their price objective on shares of United Parcel Service from $110.00 to $101.00 in a research note on Wednesday, April 30th. Two investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $116.32.

United Parcel Service Price Performance

UPS opened at $101.38 on Tuesday. The stock has a market capitalization of $85.85 billion, a PE ratio of 14.78, a P/E/G ratio of 1.99 and a beta of 1.21. The company’s 50 day simple moving average is $100.06 and its 200 day simple moving average is $106.94. United Parcel Service, Inc. has a 1 year low of $90.55 and a 1 year high of $145.01. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.09 and a current ratio of 1.09.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings data on Tuesday, April 29th. The transportation company reported $1.49 earnings per share (EPS) for the quarter, beating 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 quarterly revenue was down .9% on a year-over-year basis. During the same quarter last year, the firm posted $1.43 earnings per share. As a group, sell-side analysts expect that United Parcel Service, Inc. will post 7.95 EPS for the current year.

United Parcel Service Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 5th. Stockholders of record on Monday, May 19th were paid 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 6.47%. United Parcel Service’s dividend payout ratio is currently 95.63%.

About United Parcel Service

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.