Bryn Mawr Capital Management LLC Cuts Holdings in United Parcel Service, Inc. (NYSE:UPS)

Bryn Mawr Capital Management LLC trimmed its position in United Parcel Service, Inc. (NYSE:UPS) by 56.6% in the 4th quarter, Holdings Channel.com reports. The fund owned 5,834 shares of the transportation company’s stock after selling 7,603 shares during the quarter. Bryn Mawr Capital Management LLC’s holdings in United Parcel Service were worth $917,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Tennessee Valley Asset Management Partners acquired a new stake in United Parcel Service in the fourth quarter valued at approximately $26,000. OFI Invest Asset Management acquired a new stake in United Parcel Service in the third quarter valued at approximately $25,000. Life Planning Partners Inc acquired a new stake in United Parcel Service in the fourth quarter valued at approximately $28,000. Bourgeon Capital Management LLC acquired a new stake in United Parcel Service in the fourth quarter valued at approximately $31,000. Finally, VisionPoint Advisory Group LLC boosted its stake in United Parcel Service by 69.5% in the third quarter. VisionPoint Advisory Group LLC now owns 239 shares of the transportation company’s stock valued at $37,000 after acquiring an additional 98 shares in the last quarter. 60.26% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the stock. Barclays lowered their target price on shares of United Parcel Service from $150.00 to $145.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 31st. Robert W. Baird upgraded shares of United Parcel Service from a “neutral” rating to an “outperform” rating and lifted their price objective for the stock from $165.00 to $170.00 in a research note on Friday, February 16th. Morgan Stanley lifted their price objective on shares of United Parcel Service from $95.00 to $100.00 and gave the stock an “underweight” rating in a research note on Wednesday, March 27th. Oppenheimer lifted their price objective on shares of United Parcel Service from $153.00 to $157.00 and gave the stock an “outperform” rating in a research note on Wednesday. Finally, JPMorgan Chase & Co. lowered their price objective on shares of United Parcel Service from $154.00 to $150.00 and set a “neutral” rating for the company in a research note on Tuesday, April 9th. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, United Parcel Service presently has an average rating of “Hold” and an average price target of $165.23.

United Parcel Service Stock Up 0.1 %

UPS opened at $147.53 on Friday. United Parcel Service, Inc. has a fifty-two week low of $133.68 and a fifty-two week high of $192.98. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.10 and a current ratio of 1.10. The company has a fifty day moving average of $149.56 and a two-hundred day moving average of $150.96. The stock has a market capitalization of $125.79 billion, a price-to-earnings ratio of 21.38, a PEG ratio of 1.69 and a beta of 1.05.

United Parcel Service (NYSE:UPS) last released its quarterly earnings data on Tuesday, April 23rd. The transportation company reported $1.43 earnings per share for the quarter, beating analysts’ consensus estimates of $1.33 by $0.10. United Parcel Service had a net margin of 6.60% and a return on equity of 37.42%. The company had revenue of $21.70 billion during the quarter, compared to analysts’ expectations of $21.84 billion. During the same quarter in the previous year, the company earned $2.20 earnings per share. The firm’s revenue for the quarter was down 5.3% on a year-over-year basis. On average, research analysts expect that United Parcel Service, Inc. will post 8.22 earnings per share for the current year.

United Parcel Service Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 8th. Shareholders of record on Tuesday, February 20th were issued a $1.63 dividend. This is a boost from United Parcel Service’s previous quarterly dividend of $1.62. The ex-dividend date was Friday, February 16th. This represents a $6.52 dividend on an annualized basis and a yield of 4.42%. United Parcel Service’s payout ratio is presently 94.49%.

Insider Buying and Selling at United Parcel Service

In other news, Director Eva C. Boratto acquired 1,400 shares of the business’s stock in a transaction on Friday, February 2nd. The stock was bought at an average price of $142.30 per share, with a total value of $199,220.00. Following the completion of the acquisition, the director now owns 1,400 shares of the company’s stock, valued at $199,220. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.13% of the stock is owned by corporate insiders.

About United Parcel Service

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.