Simmons Bank Has $858,000 Holdings in United Parcel Service, Inc. (NYSE:UPS)

Simmons Bank trimmed its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 14.2% during the fourth quarter, HoldingsChannel reports. The fund owned 5,459 shares of the transportation company’s stock after selling 900 shares during the period. Simmons Bank’s holdings in United Parcel Service were worth $858,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in UPS. Tennessee Valley Asset Management Partners acquired a new position in shares of United Parcel Service during the 4th quarter worth about $26,000. OFI Invest Asset Management bought a new position in United Parcel Service in the third quarter valued at approximately $25,000. Life Planning Partners Inc acquired a new position in shares of United Parcel Service during the 4th quarter worth approximately $28,000. Bourgeon Capital Management LLC acquired a new stake in United Parcel Service in the fourth quarter valued at $31,000. Finally, VisionPoint Advisory Group LLC raised 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 buying an additional 98 shares during the period. 60.26% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have issued reports on UPS shares. UBS Group upgraded shares of United Parcel Service from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $160.00 to $175.00 in a research report on Tuesday, February 6th. TheStreet raised United Parcel Service from a “c” rating to a “b-” rating in a report on Tuesday, January 30th. Susquehanna boosted their target price on shares of United Parcel Service from $150.00 to $160.00 and gave the company a “neutral” rating in a research report on Wednesday, April 24th. Bank of America lifted their price target on shares of United Parcel Service from $157.00 to $160.00 and gave the company a “neutral” rating in a research report on Wednesday, April 24th. Finally, BMO Capital Markets lifted their price objective on United Parcel Service from $165.00 to $169.00 and gave the company a “market perform” rating in a report on Wednesday, April 24th. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $165.23.

United Parcel Service Trading Up 0.2 %

United Parcel Service stock traded up $0.33 during trading hours on Wednesday, hitting $147.42. The stock had a trading volume of 1,602,973 shares, compared to its average volume of 4,153,850. The stock has a market cap of $125.70 billion, a price-to-earnings ratio of 21.16, a P/E/G ratio of 1.68 and a beta of 1.05. The company has a quick ratio of 1.04, a current ratio of 1.10 and a debt-to-equity ratio of 1.11. The business’s 50 day simple moving average is $149.35 and its 200-day simple moving average is $150.53. United Parcel Service, Inc. has a one year low of $133.68 and a one year high of $192.98.

United Parcel Service (NYSE:UPS) last announced its earnings results on Tuesday, April 23rd. The transportation company reported $1.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.33 by $0.10. United Parcel Service had a return on equity of 37.42% and a net margin of 6.60%. The business had revenue of $21.70 billion during the quarter, compared to analyst estimates of $21.84 billion. During the same period last year, the company earned $2.20 EPS. United Parcel Service’s revenue for the quarter was down 5.3% compared to the same quarter last year. On average, equities analysts predict that United Parcel Service, Inc. will post 8.23 EPS for the current fiscal year.

United Parcel Service Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 30th. Shareholders of record on Monday, May 13th will be issued a dividend of $1.63 per share. The ex-dividend date is Friday, May 10th. This represents a $6.52 annualized dividend and a yield of 4.42%. United Parcel Service’s payout ratio is 94.49%.

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.