Thoroughbred Financial Services LLC Sells 2,553 Shares of United Parcel Service, Inc. (NYSE:UPS)

Thoroughbred Financial Services LLC cut its position in United Parcel Service, Inc. (NYSE:UPS) by 54.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,117 shares of the transportation company’s stock after selling 2,553 shares during the quarter. Thoroughbred Financial Services LLC’s holdings in United Parcel Service were worth $314,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Tennessee Valley Asset Management Partners bought a new stake in shares of United Parcel Service in the fourth quarter valued at $26,000. Life Planning Partners Inc bought a new stake in shares of United Parcel Service during the 4th quarter valued at $28,000. Northwest Financial Advisors bought a new stake in shares of United Parcel Service during the 4th quarter valued at $28,000. Pineridge Advisors LLC bought a new stake in shares of United Parcel Service during the 4th quarter valued at $31,000. Finally, Bourgeon Capital Management LLC bought a new stake in shares of United Parcel Service during the 4th quarter valued at $31,000. 60.26% of the stock is currently owned by institutional investors.

United Parcel Service Stock Up 1.5 %

Shares of UPS traded up $2.19 on Tuesday, reaching $146.34. The stock had a trading volume of 1,046,432 shares, compared to its average volume of 3,981,270. The firm has a market capitalization of $125.20 billion, a price-to-earnings ratio of 21.26, a price-to-earnings-growth ratio of 1.81 and a beta of 0.98. The company has a 50-day simple moving average of $139.51 and a 200-day simple moving average of $146.79. United Parcel Service, Inc. has a 12-month low of $132.90 and a 12-month high of $192.98. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.04 and a current ratio of 1.10.

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

United Parcel Service Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 30th. Investors of record on Monday, May 13th were issued a $1.63 dividend. This represents a $6.52 annualized dividend and a dividend yield of 4.46%. The ex-dividend date of this dividend was Friday, May 10th. United Parcel Service’s payout ratio is currently 94.49%.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on UPS. Oppenheimer boosted their price objective 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. TD Cowen decreased their target price on 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. Evercore ISI decreased their target price on United Parcel Service from $157.00 to $145.00 and set an “in-line” rating on the stock in a research note on Monday, June 24th. Redburn Atlantic upgraded United Parcel Service from a “neutral” rating to a “buy” rating and set a $180.00 price objective on the stock in a research report on Wednesday, April 3rd. Finally, Bank of America increased their price objective on United Parcel Service from $157.00 to $160.00 and gave the company a “neutral” rating in a research report on Wednesday, April 24th. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $164.55.

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.