Arvest Investments Inc. Cuts Stock Position in United Parcel Service, Inc. (NYSE:UPS)

Arvest Investments Inc. trimmed its position in United Parcel Service, Inc. (NYSE:UPS) by 4.7% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,918 shares of the transportation company’s stock after selling 538 shares during the period. Arvest Investments Inc.’s holdings in United Parcel Service were worth $1,201,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of UPS. LaFleur & Godfrey LLC raised its position in United Parcel Service by 62.8% during the 4th quarter. LaFleur & Godfrey LLC now owns 6,225 shares of the transportation company’s stock worth $785,000 after buying an additional 2,401 shares during the last quarter. Brighton Jones LLC raised its position in United Parcel Service by 63.8% during the 4th quarter. Brighton Jones LLC now owns 12,126 shares of the transportation company’s stock worth $1,529,000 after buying an additional 4,723 shares during the last quarter. Principle Wealth Partners LLC raised its position in United Parcel Service by 1.9% during the 4th quarter. Principle Wealth Partners LLC now owns 6,595 shares of the transportation company’s stock worth $832,000 after buying an additional 125 shares during the last quarter. Focus Financial Network Inc. raised its position in United Parcel Service by 4.2% during the 4th quarter. Focus Financial Network Inc. now owns 4,731 shares of the transportation company’s stock worth $623,000 after buying an additional 192 shares during the last quarter. Finally, Stonebridge Financial Group LLC purchased a new position in United Parcel Service during the 4th quarter worth $654,000. 60.26% of the stock is currently owned by hedge funds and other institutional investors.

United Parcel Service Trading Down 1.2%

NYSE UPS opened at $101.21 on Thursday. United Parcel Service, Inc. has a one year low of $90.55 and a one year high of $148.15. The company’s 50 day moving average price is $97.22 and its 200 day moving average price is $113.33. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.14 and a current ratio of 1.17. The firm has a market capitalization of $85.70 billion, a price-to-earnings ratio of 14.97, a PEG ratio of 1.55 and a beta of 1.22.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings results on Tuesday, April 29th. The transportation company reported $1.49 EPS for the quarter, beating the consensus estimate of $1.38 by $0.11. United Parcel Service had a net margin of 6.35% and a return on equity of 39.13%. The firm had revenue of $21.50 billion for the quarter, compared to analyst estimates of $21.25 billion. During the same quarter last year, the firm posted $1.43 earnings per share. United Parcel Service’s revenue for the quarter was down .9% compared to the same quarter last year. On average, sell-side analysts predict that United Parcel Service, Inc. will post 7.95 EPS for the current year.

United Parcel Service Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 5th. Shareholders of record on Monday, May 19th were given a $1.64 dividend. This represents a $6.56 annualized dividend and a yield of 6.48%. The ex-dividend date was Monday, May 19th. United Parcel Service’s dividend payout ratio (DPR) is 95.63%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Wells Fargo & Company restated an “equal weight” rating and set a $98.00 price objective (down previously from $120.00) on shares of United Parcel Service in a research report on Tuesday, April 22nd. UBS Group lowered their price target on shares of United Parcel Service from $141.00 to $127.00 and set a “buy” rating on the stock in a research note on Thursday, April 3rd. Susquehanna lowered their price target on shares of United Parcel Service from $120.00 to $110.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 30th. Wolfe Research lowered their price target on shares of United Parcel Service from $133.00 to $113.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 9th. Finally, Stifel Nicolaus lowered their price target on shares of United Parcel Service from $145.00 to $124.00 and set a “buy” rating on the stock in a research note on Wednesday, April 30th. Two equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, United Parcel Service has a consensus rating of “Hold” and an average price target of $120.26.

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.