Fernwood Investment Management LLC Has $898,000 Stake in United Parcel Service, Inc. (UPS)

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Fernwood Investment Management LLC cut its position in United Parcel Service, Inc. (NYSE:UPS) by 3.6% in the first quarter, HoldingsChannel reports. The firm owned 8,038 shares of the transportation company’s stock after selling 300 shares during the quarter. Fernwood Investment Management LLC’s holdings in United Parcel Service were worth $898,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Mn Services Vermogensbeheer B.V. grew its stake in United Parcel Service by 1.0% during the first quarter. Mn Services Vermogensbeheer B.V. now owns 381,369 shares of the transportation company’s stock valued at $42,614,000 after acquiring an additional 3,900 shares in the last quarter. Essex Savings Bank grew its stake in United Parcel Service by 10.9% during the first quarter. Essex Savings Bank now owns 2,302 shares of the transportation company’s stock valued at $257,000 after acquiring an additional 227 shares in the last quarter. State Treasurer State of Michigan grew its stake in United Parcel Service by 0.7% during the first quarter. State Treasurer State of Michigan now owns 223,286 shares of the transportation company’s stock valued at $24,950,000 after acquiring an additional 1,500 shares in the last quarter. Perella Weinberg Partners Capital Management LP purchased a new position in United Parcel Service during the first quarter valued at $1,905,000. Finally, Cetera Advisor Networks LLC grew its stake in United Parcel Service by 29.5% during the first quarter. Cetera Advisor Networks LLC now owns 57,483 shares of the transportation company’s stock valued at $6,416,000 after acquiring an additional 13,089 shares in the last quarter. 55.55% of the stock is owned by hedge funds and other institutional investors.

UPS has been the subject of several research analyst reports. Zacks Investment Research cut shares of United Parcel Service from a “hold” rating to a “sell” rating in a research note on Tuesday, April 30th. Berenberg Bank reaffirmed a “hold” rating and set a $125.00 target price on shares of United Parcel Service in a research note on Monday, March 25th. Barclays reaffirmed a “hold” rating and set a $112.00 target price on shares of United Parcel Service in a research note on Tuesday, January 29th. Raymond James cut their target price on shares of United Parcel Service from $135.00 to $130.00 and set a “strong-buy” rating for the company in a research note on Friday, April 26th. Finally, Cowen reaffirmed a “market perform” rating and set a $116.00 target price (down from $118.00) on shares of United Parcel Service in a research note on Friday, April 26th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $122.41.

UPS stock opened at $95.85 on Friday. United Parcel Service, Inc. has a 52 week low of $89.89 and a 52 week high of $125.09. The company has a debt-to-equity ratio of 5.85, a current ratio of 1.13 and a quick ratio of 1.13. The firm has a market cap of $82.50 billion, a price-to-earnings ratio of 13.24, a price-to-earnings-growth ratio of 1.53 and a beta of 1.16.

United Parcel Service (NYSE:UPS) last released its quarterly earnings data on Thursday, April 25th. The transportation company reported $1.39 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.42 by ($0.03). United Parcel Service had a net margin of 6.34% and a return on equity of 205.26%. The business had revenue of $17.16 billion for the quarter, compared to the consensus estimate of $17.79 billion. During the same quarter last year, the business earned $1.55 EPS. United Parcel Service’s revenue for the quarter was up .3% compared to the same quarter last year. Research analysts anticipate that United Parcel Service, Inc. will post 7.47 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 5th. Shareholders of record on Monday, May 20th will be given a dividend of $0.96 per share. The ex-dividend date of this dividend is Friday, May 17th. This represents a $3.84 annualized dividend and a yield of 4.01%. United Parcel Service’s dividend payout ratio (DPR) is currently 53.04%.

In other United Parcel Service news, SVP Norman M. Brothers, Jr. sold 1,500 shares of the stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $106.03, for a total transaction of $159,045.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Teri P. Mcclure sold 5,000 shares of the firm’s stock in a transaction dated Monday, February 25th. The stock was sold at an average price of $109.72, for a total transaction of $548,600.00. The disclosure for this sale can be found here. 0.17% of the stock is owned by company insiders.

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United Parcel Service Profile

United Parcel Service, Inc provides letter and package delivery, specialized transportation, logistics, and financial services. It operates through three segments: U.S. Domestic Package, International Package, and Supply Chain & Freight. 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.

Further Reading: What are the qualifications of a portfolio manager?

Want to see what other hedge funds are holding UPS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for United Parcel Service, Inc. (NYSE:UPS).

Institutional Ownership by Quarter for United Parcel Service (NYSE:UPS)

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