Vaughan David Investments LLC IL Sells 13,155 Shares of United Parcel Service, Inc. $UPS

Vaughan David Investments LLC IL decreased its stake in United Parcel Service, Inc. (NYSE:UPS) by 3.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 344,274 shares of the transportation company’s stock after selling 13,155 shares during the period. Vaughan David Investments LLC IL’s holdings in United Parcel Service were worth $34,149,000 as of its most recent filing with the SEC.

Other hedge funds have also added to or reduced their stakes in the company. Coston McIsaac & Partners raised its position in United Parcel Service by 77.8% in the fourth quarter. Coston McIsaac & Partners now owns 272 shares of the transportation company’s stock worth $27,000 after acquiring an additional 119 shares during the period. Torren Management LLC bought a new stake in United Parcel Service in the fourth quarter worth about $29,000. Elyxium Wealth LLC bought a new stake in United Parcel Service in the fourth quarter worth about $40,000. Activest Wealth Management raised its position in United Parcel Service by 144.3% in the fourth quarter. Activest Wealth Management now owns 408 shares of the transportation company’s stock worth $40,000 after acquiring an additional 241 shares during the period. Finally, Optima Capital LLC bought a new stake in United Parcel Service in the fourth quarter worth about $44,000. Institutional investors own 60.26% of the company’s stock.

Analysts Set New Price Targets

UPS has been the subject of several recent research reports. Citigroup lifted their target price on shares of United Parcel Service from $118.00 to $127.00 and gave the stock a “buy” rating in a research note on Wednesday, April 29th. Susquehanna lifted their target price on shares of United Parcel Service from $116.00 to $118.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 29th. UBS Group reduced their target price on shares of United Parcel Service from $125.00 to $123.00 and set a “buy” rating for the company in a research note on Wednesday, April 29th. Evercore reduced their target price on shares of United Parcel Service from $115.00 to $113.00 and set an “in-line” rating for the company in a research note on Wednesday, April 22nd. Finally, Weiss Ratings downgraded shares of United Parcel Service from a “hold (c)” rating to a “sell (d+)” rating in a research note on Friday, May 8th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, eleven have assigned a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $111.50.

United Parcel Service Price Performance

UPS stock opened at $108.65 on Friday. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.21 and a quick ratio of 1.21. United Parcel Service, Inc. has a one year low of $82.00 and a one year high of $122.41. The stock has a market cap of $92.35 billion, a PE ratio of 17.58, a P/E/G ratio of 1.64 and a beta of 1.05. The firm has a 50 day simple moving average of $103.03 and a two-hundred day simple moving average of $104.03.

United Parcel Service (NYSE:UPS) last released its quarterly earnings results on Tuesday, April 28th. The transportation company reported $1.07 EPS for the quarter, topping analysts’ consensus estimates of $1.02 by $0.05. United Parcel Service had a net margin of 5.94% and a return on equity of 35.95%. The business had revenue of $21.20 billion during the quarter, compared to analysts’ expectations of $20.99 billion. During the same quarter in the previous year, the company earned $1.49 EPS. The business’s quarterly revenue was down 1.4% compared to the same quarter last year. On average, analysts predict that United Parcel Service, Inc. will post 7.1 EPS for the current fiscal year.

United Parcel Service Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 4th. Stockholders of record on Monday, May 18th were issued a $1.64 dividend. This represents a $6.56 dividend on an annualized basis and a dividend yield of 6.0%. The ex-dividend date was Monday, May 18th. United Parcel Service’s payout ratio is presently 106.15%.

United Parcel Service Profile

United Parcel Service (NYSE: UPS) is a global package delivery and supply chain management company that provides a broad range of transportation, logistics and e-commerce services. Its core business centers on small-package delivery and last-mile distribution for business and individual customers, supported by a network of ground transportation, air cargo operations (UPS Airlines) and sorting facilities. In addition to parcel delivery, UPS offers freight transportation, contract logistics, warehousing, customs brokerage and reverse-logistics solutions designed to support domestic and international commerce.

The company traces its roots to 1907 when it began as a small messenger service in the United States and later evolved into the United Parcel Service.