Yousif Capital Management LLC Sells 3,774 Shares of United Parcel Service, Inc. (NYSE:UPS)

Yousif Capital Management LLC trimmed its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 3.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 105,091 shares of the transportation company’s stock after selling 3,774 shares during the period. Yousif Capital Management LLC’s holdings in United Parcel Service were worth $16,523,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the company. South Dakota Investment Council grew its holdings in United Parcel Service by 21.6% during the 4th quarter. South Dakota Investment Council now owns 17,472 shares of the transportation company’s stock valued at $2,747,000 after purchasing an additional 3,100 shares during the last quarter. NewSquare Capital LLC grew its holdings in United Parcel Service by 3.0% during the 4th quarter. NewSquare Capital LLC now owns 30,336 shares of the transportation company’s stock valued at $4,697,000 after purchasing an additional 885 shares during the last quarter. GAMMA Investing LLC bought a new position in United Parcel Service during the 4th quarter valued at about $523,000. Community Bank & Trust Waco Texas grew its stake in United Parcel Service by 13.8% in the 4th quarter. Community Bank & Trust Waco Texas now owns 4,663 shares of the transportation company’s stock worth $733,000 after acquiring an additional 564 shares in the last quarter. Finally, Parkside Financial Bank & Trust grew its stake in United Parcel Service by 12.1% in the 4th quarter. Parkside Financial Bank & Trust now owns 3,720 shares of the transportation company’s stock worth $585,000 after acquiring an additional 402 shares in the last quarter. 60.26% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Raymond James dropped their target price on shares of United Parcel Service from $185.00 to $175.00 and set a “strong-buy” rating on the stock in a research note on Wednesday, January 31st. HSBC dropped their target price on shares of United Parcel Service from $155.00 to $150.00 and set a “hold” rating on the stock in a research note on Thursday, March 28th. TD Cowen dropped their target price on shares of United Parcel Service from $147.00 to $140.00 and set a “hold” rating on the stock in a research note on Thursday, March 28th. BMO Capital Markets upped their target price on shares of United Parcel Service from $160.00 to $165.00 and gave the stock a “market perform” rating in a research note on Wednesday, March 27th. Finally, JPMorgan Chase & Co. lowered their price target on shares of United Parcel Service from $154.00 to $150.00 and set a “neutral” rating for the company in a research report on Tuesday, April 9th. One investment analyst has rated the stock with a sell rating, sixteen have assigned a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $165.61.

United Parcel Service Stock Performance

Shares of NYSE UPS traded up $3.49 during midday trading on Tuesday, reaching $148.85. The company had a trading volume of 6,369,349 shares, compared to its average volume of 4,349,812. The business’s 50-day simple moving average is $149.52 and its 200 day simple moving average is $151.06. The stock has a market cap of $126.92 billion, a P/E ratio of 19.11, a P/E/G ratio of 1.66 and a beta of 1.05. United Parcel Service, Inc. has a 1 year low of $133.68 and a 1 year high of $197.31. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.09.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings results on Tuesday, April 23rd. The transportation company reported $1.43 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.57 by ($0.14). The company had revenue of $21.70 billion during the quarter, compared to analysts’ expectations of $21.84 billion. United Parcel Service had a return on equity of 39.46% and a net margin of 7.37%. The company’s quarterly revenue was down 5.3% on a year-over-year basis. During the same period in the prior year, the business posted $2.20 EPS. On average, analysts forecast that United Parcel Service, Inc. will post 8.2 earnings per share for the current fiscal year.

United Parcel Service Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 8th. Shareholders of record on Tuesday, February 20th were issued a $1.63 dividend. The ex-dividend date of this dividend was Friday, February 16th. This represents a $6.52 dividend on an annualized basis and a dividend yield of 4.38%. This is a boost from United Parcel Service’s previous quarterly dividend of $1.62. United Parcel Service’s dividend payout ratio (DPR) is currently 83.70%.

Insider Transactions at United Parcel Service

In other United Parcel Service news, Director Eva C. Boratto acquired 1,400 shares of the business’s stock in a transaction dated Friday, February 2nd. The shares were purchased at an average price of $142.30 per share, for a total transaction of $199,220.00. Following the completion of the purchase, the director now directly owns 1,400 shares of the company’s stock, valued at $199,220. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 0.13% of the company’s stock.

United Parcel Service 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.