RD Lewis Holdings Inc. reduced its position in shares of United Parcel Service, Inc. (NYSE:UPS – Free Report) by 23.7% during the 2nd quarter, HoldingsChannel reports. The firm owned 2,333 shares of the transportation company’s stock after selling 724 shares during the period. RD Lewis Holdings Inc.’s holdings in United Parcel Service were worth $235,000 at the end of the most recent quarter.
Several other hedge funds have also made changes to their positions in UPS. Andra AP fonden raised its holdings in shares of United Parcel Service by 95.9% during the second quarter. Andra AP fonden now owns 332,983 shares of the transportation company’s stock valued at $33,611,000 after acquiring an additional 163,000 shares during the last quarter. Avantax Advisory Services Inc. increased its position in shares of United Parcel Service by 14.6% during the second quarter. Avantax Advisory Services Inc. now owns 94,361 shares of the transportation company’s stock worth $9,525,000 after purchasing an additional 12,035 shares in the last quarter. Equity Investment Corp raised its stake in United Parcel Service by 16.8% in the 2nd quarter. Equity Investment Corp now owns 1,130,550 shares of the transportation company’s stock valued at $114,118,000 after purchasing an additional 162,364 shares during the last quarter. Willis Investment Counsel lifted its holdings in United Parcel Service by 8.7% in the 2nd quarter. Willis Investment Counsel now owns 260,548 shares of the transportation company’s stock valued at $26,300,000 after purchasing an additional 20,817 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH boosted its stake in United Parcel Service by 5.5% during the 2nd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 647,271 shares of the transportation company’s stock worth $65,336,000 after purchasing an additional 34,029 shares during the last quarter. 60.26% of the stock is currently owned by hedge funds and other institutional investors.
United Parcel Service Stock Performance
NYSE UPS opened at $94.54 on Friday. The stock has a market cap of $80.21 billion, a PE ratio of 14.61, a P/E/G ratio of 2.29 and a beta of 1.11. The company has a current ratio of 1.30, a quick ratio of 1.32 and a debt-to-equity ratio of 1.50. United Parcel Service, Inc. has a twelve month low of $82.00 and a twelve month high of $138.67. The stock has a fifty day simple moving average of $88.78 and a 200-day simple moving average of $92.82.
United Parcel Service Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 4th. Stockholders of record on Monday, November 17th will be issued a $1.64 dividend. This represents a $6.56 annualized dividend and a dividend yield of 6.9%. The ex-dividend date is Monday, November 17th. United Parcel Service’s dividend payout ratio is currently 101.39%.
Wall Street Analyst Weigh In
A number of equities research analysts have recently commented on the stock. Barclays reduced their target price on shares of United Parcel Service from $90.00 to $80.00 and set an “underweight” rating for the company in a research report on Thursday, July 31st. Susquehanna upped their price objective on shares of United Parcel Service from $100.00 to $105.00 and gave the company a “neutral” rating in a research note on Wednesday, October 29th. Stephens raised shares of United Parcel Service to a “hold” rating in a research note on Wednesday, October 29th. UBS Group boosted their target price on United Parcel Service from $110.00 to $113.00 and gave the stock a “buy” rating in a report on Wednesday, October 29th. Finally, Vertical Research reaffirmed a “hold” rating and issued a $103.00 price target on shares of United Parcel Service in a report on Wednesday, July 30th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, sixteen have issued a Hold rating and four have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, United Parcel Service presently has an average rating of “Hold” and an average target price of $110.00.
Check Out Our Latest Stock Analysis on UPS
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.
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