Davidson Investment Advisors Has $245,000 Stock Position in United Parcel Service, Inc. (NYSE:UPS)

Davidson Investment Advisors trimmed its position in United Parcel Service, Inc. (NYSE:UPS) by 9.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,368 shares of the transportation company’s stock after selling 150 shares during the quarter. Davidson Investment Advisors’ holdings in United Parcel Service were worth $245,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Abbrea Capital LLC boosted its stake in United Parcel Service by 0.8% during the second quarter. Abbrea Capital LLC now owns 7,123 shares of the transportation company’s stock worth $1,277,000 after buying an additional 55 shares in the last quarter. Beaumont Financial Advisors LLC boosted its stake in United Parcel Service by 3.4% during the second quarter. Beaumont Financial Advisors LLC now owns 1,678 shares of the transportation company’s stock worth $301,000 after buying an additional 55 shares in the last quarter. Pinnacle Bancorp Inc. boosted its stake in United Parcel Service by 4.5% during the second quarter. Pinnacle Bancorp Inc. now owns 1,300 shares of the transportation company’s stock worth $233,000 after buying an additional 56 shares in the last quarter. Bristlecone Advisors LLC boosted its stake in United Parcel Service by 0.4% during the second quarter. Bristlecone Advisors LLC now owns 13,511 shares of the transportation company’s stock worth $2,422,000 after buying an additional 56 shares in the last quarter. Finally, Detalus Advisors LLC boosted its stake in United Parcel Service by 2.7% during the second quarter. Detalus Advisors LLC now owns 2,168 shares of the transportation company’s stock worth $389,000 after buying an additional 57 shares in the last quarter. 58.45% of the stock is currently owned by institutional investors and hedge funds.

United Parcel Service Trading Down 0.5 %

Shares of United Parcel Service stock opened at $148.78 on Tuesday. The business has a fifty day simple moving average of $150.11 and a two-hundred day simple moving average of $166.18. United Parcel Service, Inc. has a 1 year low of $133.68 and a 1 year high of $197.80. The company has a market capitalization of $126.75 billion, a price-to-earnings ratio of 15.14, a P/E/G ratio of 1.67 and a beta of 1.10. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.22 and a quick ratio of 1.22.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings results on Thursday, October 26th. The transportation company reported $1.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.53 by $0.04. United Parcel Service had a return on equity of 43.46% and a net margin of 9.19%. The business had revenue of $21.06 billion during the quarter, compared to the consensus estimate of $21.40 billion. During the same quarter last year, the firm posted $2.99 EPS. The company’s quarterly revenue was down 12.8% on a year-over-year basis. Research analysts forecast that United Parcel Service, Inc. will post 8.81 EPS for the current year.

United Parcel Service Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, November 30th. Investors of record on Monday, November 13th will be given a $1.62 dividend. This represents a $6.48 dividend on an annualized basis and a dividend yield of 4.36%. The ex-dividend date of this dividend is Friday, November 10th. United Parcel Service’s payout ratio is currently 65.59%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. Stifel Nicolaus boosted their target price on shares of United Parcel Service to $203.00 in a research note on Wednesday, July 26th. Loop Capital downgraded shares of United Parcel Service from a “buy” rating to a “hold” rating and reduced their target price for the company from $210.00 to $195.00 in a research note on Wednesday, August 9th. Barclays reduced their target price on shares of United Parcel Service from $180.00 to $175.00 and set an “equal weight” rating on the stock in a research note on Thursday, September 28th. HSBC began coverage on United Parcel Service in a report on Friday, September 29th. They issued a “hold” rating and a $170.00 price target for the company. Finally, TD Cowen cut their price target on United Parcel Service from $190.00 to $185.00 and set a “market perform” rating for the company in a report on Thursday, September 14th. Two investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $188.91.

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 letters, documents, small packages, and palletized freight through air and ground services in the United States.