Baxter Bros Inc. Cuts Stake in United Parcel Service, Inc. (NYSE:UPS)

Baxter Bros Inc. cut its holdings in United Parcel Service, Inc. (NYSE:UPS) by 5.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 27,294 shares of the transportation company’s stock after selling 1,596 shares during the quarter. Baxter Bros Inc.’s holdings in United Parcel Service were worth $4,291,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. OFI Invest Asset Management bought a new position in shares of United Parcel Service in the 3rd quarter worth $25,000. Tennessee Valley Asset Management Partners bought a new stake in shares of United Parcel Service in the 4th quarter valued at about $26,000. Life Planning Partners Inc purchased a new position in shares of United Parcel Service in the 4th quarter worth approximately $28,000. Bourgeon Capital Management LLC bought a new position in shares of United Parcel Service during the 4th quarter worth approximately $31,000. Finally, VisionPoint Advisory Group LLC lifted its position in United Parcel Service by 69.5% during the third quarter. VisionPoint Advisory Group LLC now owns 239 shares of the transportation company’s stock valued at $37,000 after acquiring an additional 98 shares during the last quarter. 60.26% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts have recently commented on UPS shares. Evercore ISI reiterated an “in-line” rating and set a $154.00 price objective on shares of United Parcel Service in a report on Wednesday, March 27th. UBS Group raised United Parcel Service from a “neutral” rating to a “buy” rating and raised their price target for the stock from $160.00 to $175.00 in a report on Tuesday, February 6th. Deutsche Bank Aktiengesellschaft cut their price objective on shares of United Parcel Service from $183.00 to $179.00 and set a “buy” rating on the stock in a report on Thursday, March 28th. Susquehanna boosted their target price on shares of United Parcel Service from $150.00 to $160.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 24th. Finally, Bank of America raised their price target on shares of United Parcel Service from $157.00 to $160.00 and gave the stock a “neutral” rating in a report on Wednesday, April 24th. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $165.23.

United Parcel Service Price Performance

Shares of UPS traded down $0.79 during trading hours on Friday, hitting $146.43. 2,039,256 shares of the stock were exchanged, compared to its average volume of 3,606,672. The stock’s 50-day moving average price is $149.39 and its two-hundred day moving average price is $150.67. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.04 and a current ratio of 1.10. The company has a market cap of $124.85 billion, a price-to-earnings ratio of 21.22, a price-to-earnings-growth ratio of 1.68 and a beta of 1.05. United Parcel Service, Inc. has a 12-month low of $133.68 and a 12-month high of $192.98.

United Parcel Service (NYSE:UPS) last issued its earnings results on Tuesday, April 23rd. The transportation company reported $1.43 EPS for the quarter, beating analysts’ consensus estimates of $1.33 by $0.10. The business had revenue of $21.70 billion during the quarter, compared to analysts’ expectations of $21.84 billion. United Parcel Service had a net margin of 6.60% and a return on equity of 37.42%. The company’s quarterly revenue was down 5.3% compared to the same quarter last year. During the same period in the prior year, the business earned $2.20 earnings per share. Research analysts expect that United Parcel Service, Inc. will post 8.23 earnings per share for the current year.

United Parcel Service Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 30th. Stockholders of record on Monday, May 13th will be given a $1.63 dividend. The ex-dividend date 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 dividend payout ratio (DPR) is presently 94.49%.

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.