Linscomb & Williams Inc. Has $8.85 Million Holdings in United Parcel Service, Inc. (NYSE:UPS)

Linscomb & Williams Inc. decreased its stake in shares of United Parcel Service, Inc. (NYSE:UPSFree Report) by 1.9% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 56,290 shares of the transportation company’s stock after selling 1,118 shares during the quarter. Linscomb & Williams Inc.’s holdings in United Parcel Service were worth $8,850,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of the stock. International Assets Investment Management LLC raised its holdings in shares of United Parcel Service by 15,631.2% during the fourth quarter. International Assets Investment Management LLC now owns 14,502,261 shares of the transportation company’s stock valued at $2,280,190,000 after purchasing an additional 14,410,073 shares during the period. Norges Bank acquired a new position in United Parcel Service during the 4th quarter worth approximately $1,128,322,000. Wellington Management Group LLP boosted its holdings in United Parcel Service by 31.7% in the third quarter. Wellington Management Group LLP now owns 9,677,202 shares of the transportation company’s stock worth $1,508,385,000 after acquiring an additional 2,331,875 shares in the last quarter. Franklin Resources Inc. grew its stake in United Parcel Service by 11.4% in the fourth quarter. Franklin Resources Inc. now owns 9,607,055 shares of the transportation company’s stock valued at $1,510,517,000 after acquiring an additional 980,317 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its stake in United Parcel Service by 4.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 15,889,570 shares of the transportation company’s stock valued at $2,456,055,000 after acquiring an additional 628,944 shares during the period. Institutional investors own 60.26% of the company’s stock.

United Parcel Service Stock Performance

Shares of NYSE:UPS traded down $0.44 during mid-day trading on Friday, reaching $138.66. The company had a trading volume of 2,995,428 shares, compared to its average volume of 2,760,187. United Parcel Service, Inc. has a one year low of $133.68 and a one year high of $192.98. The company has a current ratio of 1.10, a quick ratio of 1.04 and a debt-to-equity ratio of 1.11. The company’s 50-day moving average price is $147.85 and its 200-day moving average price is $150.85. The firm has a market cap of $118.63 billion, a price-to-earnings ratio of 20.10, a PEG ratio of 1.76 and a beta of 1.05.

United Parcel Service (NYSE:UPSGet Free Report) last issued its earnings results on Tuesday, April 23rd. The transportation company reported $1.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.33 by $0.10. The firm had revenue of $21.70 billion for 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 business’s revenue was down 5.3% on a year-over-year basis. During the same period in the previous year, the company posted $2.20 earnings per share. As a group, equities research analysts anticipate that United Parcel Service, Inc. will post 8.22 EPS for the current fiscal year.

United Parcel Service Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 30th. Shareholders of record on Monday, May 13th will be given a dividend of $1.63 per share. The ex-dividend date is Friday, May 10th. This represents a $6.52 dividend on an annualized basis and a yield of 4.70%. United Parcel Service’s dividend payout ratio is presently 94.49%.

Analyst Ratings Changes

A number of brokerages recently issued reports on UPS. JPMorgan Chase & Co. cut their target price on United Parcel Service from $154.00 to $150.00 and set a “neutral” rating on the stock in a report on Tuesday, April 9th. Raymond James decreased their target price on shares of United Parcel Service from $185.00 to $175.00 and set a “strong-buy” rating for the company in a research report on Wednesday, January 31st. Barclays lowered their target price on shares of United Parcel Service from $150.00 to $145.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 31st. Morgan Stanley lifted their price target on United Parcel Service from $95.00 to $100.00 and gave the company an “underweight” rating in a research note on Wednesday, March 27th. Finally, Susquehanna increased their price objective on United Parcel Service from $150.00 to $160.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 24th. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, United Parcel Service currently has an average rating of “Hold” and an average target price of $165.23.

View Our Latest Stock Analysis on UPS

United Parcel Service Company Profile

(Free Report)

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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Institutional Ownership by Quarter for United Parcel Service (NYSE:UPS)

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