Horan Capital Advisors LLC. Cuts Position in United Parcel Service, Inc. (NYSE:UPS)

Horan Capital Advisors LLC. reduced its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 2.5% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 22,899 shares of the transportation company’s stock after selling 581 shares during the period. United Parcel Service makes up about 1.3% of Horan Capital Advisors LLC.’s holdings, making the stock its 26th largest position. Horan Capital Advisors LLC.’s holdings in United Parcel Service were worth $3,600,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Harbor Capital Advisors Inc. increased its position in shares of United Parcel Service by 0.4% in the fourth quarter. Harbor Capital Advisors Inc. now owns 17,530 shares of the transportation company’s stock valued at $2,756,000 after buying an additional 64 shares in the last quarter. First Financial Corp IN increased its holdings in United Parcel Service by 24.2% during the 4th quarter. First Financial Corp IN now owns 334 shares of the transportation company’s stock valued at $53,000 after acquiring an additional 65 shares in the last quarter. Gleason Group Inc. raised its position in United Parcel Service by 1.1% during the fourth quarter. Gleason Group Inc. now owns 6,351 shares of the transportation company’s stock worth $999,000 after acquiring an additional 66 shares during the last quarter. Advisors Capital Management LLC lifted its holdings in shares of United Parcel Service by 0.5% in the third quarter. Advisors Capital Management LLC now owns 15,085 shares of the transportation company’s stock valued at $2,351,000 after purchasing an additional 69 shares in the last quarter. Finally, Dfpg Investments LLC grew its position in shares of United Parcel Service by 0.3% in the fourth quarter. Dfpg Investments LLC now owns 25,270 shares of the transportation company’s stock valued at $3,981,000 after purchasing an additional 69 shares during the last quarter. 60.26% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the company. HSBC upgraded United Parcel Service from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $150.00 to $170.00 in a research report on Thursday, April 25th. BMO Capital Markets increased their price objective on United Parcel Service from $165.00 to $169.00 and gave the company a “market perform” rating in a research note on Wednesday, April 24th. Susquehanna boosted their target price on shares of United Parcel Service from $150.00 to $160.00 and gave the company a “neutral” rating in a research note on Wednesday, April 24th. TD Cowen decreased their price target 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. Finally, Oppenheimer boosted their price objective on shares of United Parcel Service from $153.00 to $157.00 and gave the company an “outperform” rating in a research report on Wednesday, April 24th. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, United Parcel Service presently has an average rating of “Hold” and an average target price of $165.23.

United Parcel Service Trading Down 0.5 %

Shares of United Parcel Service stock traded down $0.79 during trading hours on Friday, hitting $146.43. The company’s stock had a trading volume of 1,998,734 shares, compared to its average volume of 4,217,563. The business has a fifty day moving average of $149.44 and a 200 day moving average of $150.74. United Parcel Service, Inc. has a 1-year low of $133.68 and a 1-year high of $192.98. The company has a quick ratio of 1.04, a current ratio of 1.10 and a debt-to-equity ratio of 1.11. The company has a market capitalization of $124.85 billion, a PE ratio of 21.22, a P/E/G ratio of 1.67 and a beta of 1.05.

United Parcel Service (NYSE:UPS) last released its quarterly earnings data on Tuesday, April 23rd. The transportation company reported $1.43 EPS for the quarter, beating the consensus estimate of $1.33 by $0.10. United Parcel Service had a return on equity of 37.42% and a net margin of 6.60%. The company had revenue of $21.70 billion for the quarter, compared to analyst estimates of $21.84 billion. During the same period last year, the company posted $2.20 earnings per share. The firm’s revenue was down 5.3% compared to the same quarter last year. As a group, equities analysts forecast that United Parcel Service, Inc. will post 8.23 EPS for the current year.

United Parcel Service Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 30th. Stockholders of record on Monday, May 13th will be given a dividend of $1.63 per share. The ex-dividend date of this dividend 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 payout ratio is currently 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.