Hsbc Holdings PLC Lowers Holdings in United Parcel Service, Inc. $UPS

Hsbc Holdings PLC lowered its position in United Parcel Service, Inc. (NYSE:UPS) by 7.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,566,554 shares of the transportation company’s stock after selling 128,258 shares during the quarter. Hsbc Holdings PLC owned approximately 0.18% of United Parcel Service worth $155,522,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. University of Texas Texas AM Investment Management Co. bought a new stake in United Parcel Service during the 4th quarter valued at $25,000. IFC & Insurance Marketing Inc. bought a new position in shares of United Parcel Service during the 4th quarter worth $25,000. Coston McIsaac & Partners grew its position in shares of United Parcel Service by 77.8% during the 4th quarter. Coston McIsaac & Partners now owns 272 shares of the transportation company’s stock worth $27,000 after buying an additional 119 shares in the last quarter. Torren Management LLC bought a new position in shares of United Parcel Service during the 4th quarter worth $29,000. Finally, Kemnay Advisory Services Inc. purchased a new position in shares of United Parcel Service during the fourth quarter valued at $29,000. 60.26% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts recently weighed in on UPS shares. UBS Group decreased their price objective on United Parcel Service from $125.00 to $123.00 and set a “buy” rating for the company in a report on Wednesday, April 29th. 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. Susquehanna raised their target price on shares of United Parcel Service from $116.00 to $118.00 and gave the company a “neutral” rating in a research report on Wednesday, April 29th. Evercore cut 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 research report on Wednesday, April 22nd. Finally, Citigroup boosted their price target on shares of United Parcel Service from $118.00 to $127.00 and gave the company a “buy” rating in a report on Wednesday, April 29th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, eleven have given a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $111.50.

United Parcel Service Trading Up 0.4%

Shares of NYSE:UPS opened at $105.29 on Friday. United Parcel Service, Inc. has a 12-month low of $82.00 and a 12-month high of $122.41. The business’s fifty day simple moving average is $104.09 and its 200-day simple moving average is $104.47. The company has a market capitalization of $89.50 billion, a PE ratio of 17.04, a P/E/G ratio of 1.67 and a beta of 1.05. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 1.50.

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

United Parcel Service Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, June 4th. Shareholders of record on Monday, May 18th were issued a $1.64 dividend. The ex-dividend date was Monday, May 18th. This represents a $6.56 dividend on an annualized basis and a yield of 6.2%. United Parcel Service’s payout ratio is currently 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.