Beacon Capital Management LLC Sells 494 Shares of United Parcel Service, Inc. (NYSE:UPS)

Beacon Capital Management LLC decreased its position in United Parcel Service, Inc. (NYSE:UPS) by 41.0% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 712 shares of the transportation company’s stock after selling 494 shares during the quarter. Beacon Capital Management LLC’s holdings in United Parcel Service were worth $78,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Clark Capital Management Group Inc. lifted its holdings in United Parcel Service by 14.4% in the fourth quarter. Clark Capital Management Group Inc. now owns 11,427 shares of the transportation company’s stock valued at $1,441,000 after acquiring an additional 1,440 shares during the period. LaFleur & Godfrey LLC lifted its holdings in United Parcel Service by 62.8% in the fourth quarter. LaFleur & Godfrey LLC now owns 6,225 shares of the transportation company’s stock valued at $785,000 after acquiring an additional 2,401 shares during the period. Argyle Capital Management LLC lifted its holdings in United Parcel Service by 11.4% in the fourth quarter. Argyle Capital Management LLC now owns 26,428 shares of the transportation company’s stock valued at $3,333,000 after acquiring an additional 2,695 shares during the period. Brighton Jones LLC lifted its holdings in United Parcel Service by 63.8% in the fourth quarter. Brighton Jones LLC now owns 12,126 shares of the transportation company’s stock valued at $1,529,000 after acquiring an additional 4,723 shares during the period. Finally, TCW Group Inc. lifted its holdings in United Parcel Service by 21.6% in the fourth quarter. TCW Group Inc. now owns 165,596 shares of the transportation company’s stock valued at $20,882,000 after acquiring an additional 29,411 shares during the period. Institutional investors own 60.26% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on UPS. Loop Capital lowered their target price on United Parcel Service from $115.00 to $105.00 and set a “hold” rating on the stock in a report on Wednesday, April 30th. Stifel Nicolaus decreased their price objective on 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. Wall Street Zen downgraded United Parcel Service from a “buy” rating to a “hold” rating in a research note on Wednesday, May 7th. JPMorgan Chase & Co. decreased their price objective on United Parcel Service from $120.00 to $115.00 and set a “neutral” rating on the stock in a research note on Monday, April 7th. Finally, Raymond James Financial decreased their price objective on United Parcel Service from $145.00 to $130.00 and set a “strong-buy” rating on the stock in a research note on Wednesday, April 9th. Two research analysts have rated the stock with a sell rating, thirteen have given a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, United Parcel Service presently has a consensus rating of “Hold” and an average price target of $120.26.

United Parcel Service Stock Performance

NYSE:UPS opened at $99.74 on Wednesday. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.24. United Parcel Service, Inc. has a 12-month low of $90.55 and a 12-month high of $148.15. The stock has a 50-day moving average price of $97.68 and a 200 day moving average price of $112.19. The stock has a market capitalization of $84.46 billion, a P/E ratio of 14.54, a P/E/G ratio of 1.77 and a beta of 1.22.

United Parcel Service (NYSE:UPS) last released its earnings results on Tuesday, April 29th. The transportation company reported $1.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.38 by $0.11. United Parcel Service had a return on equity of 40.15% and a net margin of 6.44%. The firm had revenue of $21.50 billion during the quarter, compared to analysts’ expectations of $21.25 billion. During the same quarter last year, the business posted $1.43 earnings per share. The firm’s revenue was down .9% on a year-over-year basis. Equities research analysts forecast that United Parcel Service, Inc. will post 7.95 EPS for the current fiscal year.

United Parcel Service Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, June 5th. Shareholders of record on Monday, May 19th were issued a dividend of $1.64 per share. This represents a $6.56 annualized dividend and a yield of 6.58%. The ex-dividend date was Monday, May 19th. United Parcel Service’s dividend payout ratio is presently 95.63%.

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.