Lowe Brockenbrough & Co. Inc. Sells 7,041 Shares of United Parcel Service, Inc. $UPS

Lowe Brockenbrough & Co. Inc. decreased its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 76.5% in the first quarter, Holdings Channel reports. The institutional investor owned 2,162 shares of the transportation company’s stock after selling 7,041 shares during the quarter. Lowe Brockenbrough & Co. Inc.’s holdings in United Parcel Service were worth $213,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in UPS. Shrier Wealth Management LLC bought a new stake in United Parcel Service in the 4th quarter worth about $1,099,000. LFG Wealth Partners LLC purchased a new position in United Parcel Service in the 4th quarter worth about $1,207,000. CWM LLC lifted its stake in United Parcel Service by 49.4% during the 4th quarter. CWM LLC now owns 297,357 shares of the transportation company’s stock valued at $29,495,000 after acquiring an additional 98,309 shares during the period. RiverFront Investment Group LLC lifted its stake in United Parcel Service by 937.9% during the 4th quarter. RiverFront Investment Group LLC now owns 245,564 shares of the transportation company’s stock valued at $24,358,000 after acquiring an additional 221,905 shares during the period. Finally, Bank of New York Mellon Corp boosted its holdings in shares of United Parcel Service by 1.5% during the 4th quarter. Bank of New York Mellon Corp now owns 4,541,742 shares of the transportation company’s stock valued at $450,495,000 after acquiring an additional 65,652 shares during the last quarter. 60.26% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on UPS. Weiss Ratings upgraded shares of United Parcel Service from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, July 10th. Citigroup increased their price objective on shares of United Parcel Service from $127.00 to $132.00 and gave the company a “buy” rating in a research report on Thursday, July 9th. Wall Street Zen upgraded shares of United Parcel Service from a “hold” rating to a “buy” rating in a report on Saturday. UBS Group cut their target price on shares of United Parcel Service from $125.00 to $123.00 and set a “buy” rating for the company in a research report on Wednesday, April 29th. Finally, Susquehanna boosted their target price on shares of United Parcel Service from $116.00 to $118.00 and gave the company a “neutral” rating in a research note on Wednesday, April 29th. Two research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, twelve have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $111.10.

United Parcel Service Trading Down 3.8%

NYSE:UPS opened at $113.19 on Tuesday. United Parcel Service, Inc. has a one year low of $82.00 and a one year high of $122.41. The business has a fifty day moving average price of $106.94 and a 200-day moving average price of $106.24. The firm has a market capitalization of $96.21 billion, a price-to-earnings ratio of 18.32, a price-to-earnings-growth ratio of 1.87 and a beta of 1.05. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.21 and a quick ratio of 1.21.

United Parcel Service (NYSE:UPS) last released its quarterly earnings results on Tuesday, April 28th. The transportation company reported $1.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.02 by $0.05. United Parcel Service had a return on equity of 35.95% and a net margin of 5.94%.The business had revenue of $21.20 billion during the quarter, compared to analyst estimates of $20.99 billion. During the same quarter in the previous year, the company posted $1.49 earnings per share. United Parcel Service’s revenue for the quarter was down 1.4% on a year-over-year basis. Sell-side analysts forecast that United Parcel Service, Inc. will post 7.1 EPS for the current year.

United Parcel Service Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 4th. Stockholders of record on Monday, May 18th were given a dividend of $1.64 per share. This represents a $6.56 dividend on an annualized basis and a dividend yield of 5.8%. The ex-dividend date of this dividend was Monday, May 18th. United Parcel Service’s payout ratio is presently 106.15%.

United Parcel Service Profile

United Parcel Service (NYSE: UPS) is a global package delivery and supply chain management company that provides a broad range of transportation, logistics and e-commerce services. Its core business centers on small-package delivery and last-mile distribution for business and individual customers, supported by a network of ground transportation, air cargo operations (UPS Airlines) and sorting facilities. In addition to parcel delivery, UPS offers freight transportation, contract logistics, warehousing, customs brokerage and reverse-logistics solutions designed to support domestic and international commerce.

The company traces its roots to 1907 when it began as a small messenger service in the United States and later evolved into the United Parcel Service.