United Parcel Service, Inc. $UPS Stock Holdings Cut by Clifford Swan Investment Counsel LLC

Clifford Swan Investment Counsel LLC lowered its position in United Parcel Service, Inc. (NYSE:UPS) by 0.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 970,588 shares of the transportation company’s stock after selling 5,769 shares during the quarter. United Parcel Service comprises about 3.2% of Clifford Swan Investment Counsel LLC’s portfolio, making the stock its 4th largest position. Clifford Swan Investment Counsel LLC owned 0.11% of United Parcel Service worth $96,273,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in UPS. Coston McIsaac & Partners raised its stake in shares of United Parcel Service by 77.8% in the fourth quarter. Coston McIsaac & Partners now owns 272 shares of the transportation company’s stock valued at $27,000 after acquiring an additional 119 shares during the period. Torren Management LLC bought a new position in shares of United Parcel Service in the fourth quarter worth about $29,000. Physician Wealth Advisors Inc. grew its holdings in shares of United Parcel Service by 76.5% in the third quarter. Physician Wealth Advisors Inc. now owns 376 shares of the transportation company’s stock worth $31,000 after purchasing an additional 163 shares during the last quarter. Winch Advisory Services LLC grew its holdings in shares of United Parcel Service by 37.3% in the third quarter. Winch Advisory Services LLC now owns 456 shares of the transportation company’s stock worth $38,000 after purchasing an additional 124 shares during the last quarter. Finally, Activest Wealth Management grew its holdings in shares of 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 purchasing an additional 241 shares during the last quarter. Hedge funds and other institutional investors own 60.26% of the company’s stock.

United Parcel Service Stock Performance

UPS opened at $110.10 on Friday. United Parcel Service, Inc. has a 12-month low of $82.00 and a 12-month high of $122.41. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 1.50. The firm has a market capitalization of $93.59 billion, a PE ratio of 17.82, a P/E/G ratio of 1.73 and a beta of 1.05. The firm has a 50 day moving average of $101.98 and a two-hundred day moving average of $103.53.

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

United Parcel Service Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on UPS. Weiss Ratings cut shares of United Parcel Service from a “hold (c)” rating to a “sell (d+)” rating in a report on Friday, May 8th. Citigroup upped their price target on shares of United Parcel Service from $118.00 to $127.00 and gave the stock a “buy” rating in a report on Wednesday, April 29th. UBS Group cut their price target on shares of United Parcel Service from $125.00 to $123.00 and set a “buy” rating on the stock in a report on Wednesday, April 29th. Susquehanna increased their target price on shares of United Parcel Service from $116.00 to $118.00 and gave the stock a “neutral” rating in a report on Wednesday, April 29th. Finally, Evercore dropped their target price on shares of United Parcel Service from $115.00 to $113.00 and set an “in-line” rating on the stock in a report on Wednesday, April 22nd. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, eleven have assigned a Hold rating and four have given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $111.50.

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.