Banque Cantonale Vaudoise Reduces Position in United Parcel Service, Inc. $UPS

Banque Cantonale Vaudoise decreased its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 22.9% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 25,814 shares of the transportation company’s stock after selling 7,654 shares during the quarter. Banque Cantonale Vaudoise’s holdings in United Parcel Service were worth $2,540,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of UPS. University of Texas Texas AM Investment Management Co. bought a new position in United Parcel Service in the 4th quarter worth about $25,000. IFC & Insurance Marketing Inc. bought a new stake in shares of United Parcel Service during the fourth quarter valued at approximately $25,000. Coston McIsaac & Partners boosted its holdings 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 purchasing an additional 119 shares during the period. Torren Management LLC purchased a new stake in shares of United Parcel Service in the fourth quarter valued at approximately $29,000. Finally, Kemnay Advisory Services Inc. bought a new position in United Parcel Service in the fourth quarter worth approximately $29,000. 60.26% of the stock is currently owned by hedge funds and other institutional investors.

United Parcel Service Stock Up 2.8%

Shares of NYSE UPS opened at $109.08 on Friday. 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 stock has a market capitalization of $92.72 billion, a PE ratio of 17.65, a price-to-earnings-growth ratio of 1.69 and a beta of 1.05. The stock’s fifty day simple moving average is $104.49 and its two-hundred day simple moving average is $104.85. United Parcel Service, Inc. has a 12-month low of $82.00 and a 12-month high of $122.41.

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 the consensus estimate of $1.02 by $0.05. The firm had revenue of $21.20 billion during the quarter, compared to analyst estimates of $20.99 billion. United Parcel Service had a return on equity of 35.95% and a net margin of 5.94%.The business’s revenue for the quarter was down 1.4% compared to the same quarter last year. During the same period in the previous year, the company posted $1.49 EPS. As a group, analysts expect that United Parcel Service, Inc. will post 7.1 EPS for the current fiscal year.

United Parcel Service Announces Dividend

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 6.0%. United Parcel Service’s payout ratio is currently 106.15%.

Analyst Ratings Changes

Several research analysts have commented on the company. Citigroup raised their price objective on United Parcel Service from $118.00 to $127.00 and gave the stock a “buy” rating in a report on Wednesday, April 29th. Susquehanna increased their price target on United Parcel Service from $116.00 to $118.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 29th. Weiss Ratings lowered United Parcel Service from a “hold (c)” rating to a “sell (d+)” rating in a research note on Friday, May 8th. Evercore decreased their price objective on United Parcel Service from $115.00 to $113.00 and set an “in-line” rating for the company in a report on Wednesday, April 22nd. Finally, UBS Group lowered their price objective 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. One 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. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $111.50.

United Parcel Service Company 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.