United Parcel Service, Inc. (NYSE:UPS) Shares Sold by Hennion & Walsh Asset Management Inc.

Hennion & Walsh Asset Management Inc. cut its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 1.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 14,010 shares of the transportation company’s stock after selling 268 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in United Parcel Service were worth $2,082,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Trexquant Investment LP purchased a new position in United Parcel Service in the third quarter worth $2,345,000. Richard Bernstein Advisors LLC raised its position in United Parcel Service by 18.1% in the third quarter. Richard Bernstein Advisors LLC now owns 14,579 shares of the transportation company’s stock worth $2,272,000 after acquiring an additional 2,230 shares in the last quarter. Waverly Advisors LLC raised its position in United Parcel Service by 152.8% in the third quarter. Waverly Advisors LLC now owns 6,455 shares of the transportation company’s stock worth $1,006,000 after acquiring an additional 3,902 shares in the last quarter. Logan Capital Management Inc. raised its position in United Parcel Service by 3.6% in the third quarter. Logan Capital Management Inc. now owns 67,768 shares of the transportation company’s stock worth $10,563,000 after acquiring an additional 2,385 shares in the last quarter. Finally, Gateway Advisory LLC purchased a new position in United Parcel Service in the third quarter worth $303,000. 60.26% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have issued reports on UPS shares. Redburn Atlantic upgraded United Parcel Service from a “neutral” rating to a “buy” rating and set a $180.00 price objective for the company in a research report on Wednesday, April 3rd. JPMorgan Chase & Co. dropped their price target on 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. BMO Capital Markets raised their price target on United Parcel Service from $165.00 to $169.00 and gave the company a “market perform” rating in a research report on Wednesday, April 24th. Morgan Stanley raised their price target on United Parcel Service from $95.00 to $100.00 and gave the company an “underweight” rating in a research report on Wednesday, March 27th. Finally, TD Cowen dropped their price target on United Parcel Service from $147.00 to $140.00 and set a “hold” rating for the company in a research report on Thursday, March 28th. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $164.55.

United Parcel Service Trading Up 0.8 %

NYSE:UPS traded up $1.02 during mid-day trading on Friday, reaching $136.85. The company’s stock had a trading volume of 6,609,563 shares, compared to its average volume of 4,011,769. The company’s fifty day simple moving average is $141.71 and its two-hundred day simple moving average is $148.61. 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, Inc. has a twelve month low of $132.90 and a twelve month high of $192.98. The stock has a market cap of $117.08 billion, a P/E ratio of 19.83, a P/E/G ratio of 1.72 and a beta of 1.01.

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 return on equity of 37.42% and a net margin of 6.60%. The firm 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 earned $2.20 EPS. The firm’s quarterly revenue was down 5.3% on a year-over-year basis. On average, equities analysts predict that United Parcel Service, Inc. will post 8.22 EPS for the current year.

United Parcel Service Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 30th. Stockholders of record on Monday, May 13th were paid a $1.63 dividend. This represents a $6.52 annualized dividend and a dividend yield of 4.76%. The ex-dividend date was Friday, May 10th. United Parcel Service’s dividend 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.