OLD Republic International Corp Sells 7,800 Shares of United Parcel Service, Inc. (NYSE:UPS)

OLD Republic International Corp trimmed its position in United Parcel Service, Inc. (NYSE:UPS) by 2.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 365,600 shares of the transportation company’s stock after selling 7,800 shares during the quarter. United Parcel Service makes up approximately 2.2% of OLD Republic International Corp’s portfolio, making the stock its 17th biggest holding. OLD Republic International Corp’s holdings in United Parcel Service were worth $57,483,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. OFI Invest Asset Management purchased a new position in United Parcel Service during the 3rd quarter valued at $25,000. Tennessee Valley Asset Management Partners purchased a new stake in United Parcel Service during the fourth quarter valued at $26,000. Life Planning Partners Inc purchased a new position in United Parcel Service in the fourth quarter worth about $28,000. Bourgeon Capital Management LLC bought a new stake in shares of United Parcel Service during the 4th quarter valued at $31,000. Finally, VisionPoint Advisory Group LLC raised its stake in shares of United Parcel Service by 69.5% in the third quarter. VisionPoint Advisory Group LLC now owns 239 shares of the transportation company’s stock worth $37,000 after buying an additional 98 shares during the period. 60.26% of the stock is owned by institutional investors.

United Parcel Service Stock Up 0.7 %

NYSE UPS traded up $1.00 on Friday, reaching $147.43. The company had a trading volume of 917,682 shares, compared to its average volume of 4,113,729. The firm has a market capitalization of $125.71 billion, a PE ratio of 21.40, a P/E/G ratio of 1.68 and a beta of 1.05. The firm has a 50-day moving average of $149.35 and a 200-day moving average of $150.49. United Parcel Service, Inc. has a 1 year low of $133.68 and a 1 year high of $192.98. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.10 and a quick ratio of 1.04.

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

United Parcel Service Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 30th. Investors of record on Monday, May 13th will be issued a $1.63 dividend. This represents a $6.52 annualized dividend and a yield of 4.42%. The ex-dividend date of this dividend is Friday, May 10th. United Parcel Service’s dividend payout ratio is currently 94.49%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on UPS. HSBC raised shares of United Parcel Service from a “hold” rating to a “buy” rating and increased their price objective for the company from $150.00 to $170.00 in a report on Thursday, April 25th. Susquehanna boosted their target price on United Parcel Service from $150.00 to $160.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 24th. JPMorgan Chase & Co. cut their price target on United Parcel Service from $154.00 to $150.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 9th. Raymond James decreased their target price on shares of United Parcel Service from $185.00 to $175.00 and set a “strong-buy” rating for the company in a research note on Wednesday, January 31st. Finally, Bank of America boosted their price objective on United Parcel Service from $157.00 to $160.00 and gave the company a “neutral” rating in a research report on Wednesday, April 24th. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $165.23.

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.