Manchester Capital Management LLC Decreases Position in United Parcel Service, Inc. $UPS

Manchester Capital Management LLC decreased its holdings in United Parcel Service, Inc. (NYSE:UPS) by 10.6% during the 4th quarter, HoldingsChannel reports. The firm owned 341,236 shares of the transportation company’s stock after selling 40,422 shares during the quarter. United Parcel Service comprises approximately 4.6% of Manchester Capital Management LLC’s holdings, making the stock its 3rd largest position. Manchester Capital Management LLC’s holdings in United Parcel Service were worth $33,847,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Coston McIsaac & Partners boosted its holdings 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 valued at $27,000 after acquiring an additional 119 shares in the last quarter. Torren Management LLC acquired a new stake in shares of United Parcel Service during the 4th quarter valued at $29,000. Elyxium Wealth LLC acquired a new stake in shares of United Parcel Service during the 4th quarter valued at $40,000. Activest Wealth Management boosted its holdings in shares of United Parcel Service by 144.3% during the 4th quarter. Activest Wealth Management now owns 408 shares of the transportation company’s stock valued at $40,000 after acquiring an additional 241 shares in the last quarter. Finally, Optima Capital LLC acquired a new stake in shares of United Parcel Service during the 4th quarter valued at $44,000. Institutional investors and hedge funds own 60.26% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on UPS shares. Weiss Ratings downgraded United Parcel Service from a “hold (c)” rating to a “sell (d+)” rating in a report on Friday, May 8th. UBS Group cut their target price on United Parcel Service from $125.00 to $123.00 and set a “buy” rating on the stock in a report on Wednesday, April 29th. Evercore cut their target price on United Parcel Service from $115.00 to $113.00 and set an “in-line” rating on the stock in a report on Wednesday, April 22nd. Susquehanna lifted their target price on United Parcel Service from $116.00 to $118.00 and gave the stock a “neutral” rating in a report on Wednesday, April 29th. Finally, Citigroup lifted their target price on United Parcel Service from $118.00 to $127.00 and gave the stock a “buy” rating in a report on Wednesday, April 29th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, eleven have issued a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat.com, United Parcel Service presently has an average rating of “Hold” and a consensus price target of $111.50.

United Parcel Service Stock Up 0.1%

Shares of NYSE:UPS opened at $108.65 on Monday. United Parcel Service, Inc. has a 1 year low of $82.00 and a 1 year high of $122.41. The company has a market capitalization of $92.35 billion, a price-to-earnings ratio of 17.58, a P/E/G ratio of 1.73 and a beta of 1.05. The business’s 50-day moving average is $102.18 and its 200-day moving average is $103.63. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.21 and a quick ratio of 1.21.

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

United Parcel Service Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, June 4th. Investors of record on Monday, May 18th were given a $1.64 dividend. This represents a $6.56 dividend on an annualized basis and a yield of 6.0%. The ex-dividend date of this dividend was Monday, May 18th. United Parcel Service’s payout ratio is presently 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.