Gateway Investment Advisers LLC Cuts Stake in United Parcel Service, Inc. (NYSE:UPS)

Gateway Investment Advisers LLC reduced its position in shares of United Parcel Service, Inc. (NYSE:UPSFree Report) by 4.2% in the first quarter, Holdings Channel reports. The fund owned 272,372 shares of the transportation company’s stock after selling 11,842 shares during the quarter. Gateway Investment Advisers LLC’s holdings in United Parcel Service were worth $40,483,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Tennessee Valley Asset Management Partners bought a new stake in shares of United Parcel Service in the 4th quarter worth about $26,000. Life Planning Partners Inc purchased a new stake in United Parcel Service during the fourth quarter valued at approximately $28,000. Northwest Financial Advisors bought a new stake in shares of United Parcel Service in the 4th quarter valued at approximately $28,000. Bourgeon Capital Management LLC purchased a new position in shares of United Parcel Service in the 4th quarter worth approximately $31,000. Finally, Security National Bank bought a new position in shares of United Parcel Service during the 4th quarter valued at approximately $31,000. 60.26% of the stock is owned by hedge funds and other institutional investors.

United Parcel Service Stock Down 2.7 %

UPS traded down $3.68 on Tuesday, hitting $134.92. The company had a trading volume of 1,315,020 shares, compared to its average volume of 4,004,397. The stock has a market capitalization of $115.43 billion, a price-to-earnings ratio of 19.70, a P/E/G ratio of 1.73 and a beta of 1.01. 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 stock has a fifty day moving average price of $142.22 and a 200-day moving average price of $149.06. United Parcel Service, Inc. has a 12-month low of $132.90 and a 12-month high of $192.98.

United Parcel Service (NYSE:UPSGet Free Report) last posted its quarterly earnings data on Tuesday, April 23rd. The transportation company reported $1.43 EPS for the quarter, topping the consensus estimate of $1.33 by $0.10. The firm had revenue of $21.70 billion during the quarter, compared to analyst estimates of $21.84 billion. United Parcel Service had a net margin of 6.60% and a return on equity of 37.42%. United Parcel Service’s revenue was down 5.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.20 EPS. Analysts predict that United Parcel Service, Inc. will post 8.22 EPS for the current fiscal year.

United Parcel Service Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 30th. Stockholders of record on Monday, May 13th were given a $1.63 dividend. The ex-dividend date was Friday, May 10th. This represents a $6.52 dividend on an annualized basis and a dividend yield of 4.83%. United Parcel Service’s payout ratio is 94.49%.

Analyst Upgrades and Downgrades

UPS has been the topic of several recent analyst reports. Bank of America increased their target price on shares of United Parcel Service from $157.00 to $160.00 and gave the company a “neutral” rating in a research note on Wednesday, April 24th. Redburn Atlantic raised shares of United Parcel Service from a “neutral” rating to a “buy” rating and set a $180.00 price objective for the company in a research note on Wednesday, April 3rd. Oppenheimer upped their target price on United Parcel Service from $153.00 to $157.00 and gave the company an “outperform” rating in a research note on Wednesday, April 24th. Evercore ISI decreased their price target on United Parcel Service from $157.00 to $145.00 and set an “in-line” rating for the company in a research note on Monday. Finally, Deutsche Bank Aktiengesellschaft cut their price objective on United Parcel Service from $183.00 to $179.00 and set a “buy” rating on the stock in a research report on Thursday, March 28th. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $164.55.

Check Out Our Latest Report on United Parcel Service

About United Parcel Service

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for United Parcel Service (NYSE:UPS)

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