Meyer Handelman Co. Sells 1,300 Shares of United Parcel Service, Inc. (NYSE:UPS)

Meyer Handelman Co. reduced its stake in United Parcel Service, Inc. (NYSE:UPS) by 23.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,300 shares of the transportation company’s stock after selling 1,300 shares during the period. Meyer Handelman Co.’s holdings in United Parcel Service were worth $639,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of UPS. International Assets Investment Management LLC grew its stake in shares of United Parcel Service by 15,631.2% in the 4th quarter. International Assets Investment Management LLC now owns 14,502,261 shares of the transportation company’s stock valued at $2,280,190,000 after purchasing an additional 14,410,073 shares during the period. Wellington Management Group LLP grew its stake in shares of United Parcel Service by 87.6% in the 4th quarter. Wellington Management Group LLP now owns 18,152,900 shares of the transportation company’s stock valued at $2,854,180,000 after purchasing an additional 8,475,698 shares during the period. Norges Bank bought a new stake in shares of United Parcel Service in the 4th quarter valued at approximately $1,128,322,000. First Trust Advisors LP grew its position in United Parcel Service by 208.1% during the 4th quarter. First Trust Advisors LP now owns 1,717,391 shares of the transportation company’s stock worth $270,025,000 after acquiring an additional 1,160,005 shares during the last quarter. Finally, Franklin Resources Inc. grew its position in United Parcel Service by 11.4% during the 4th quarter. Franklin Resources Inc. now owns 9,607,055 shares of the transportation company’s stock worth $1,510,517,000 after acquiring an additional 980,317 shares during the last quarter. 60.26% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

UPS has been the topic of a number of research analyst reports. Morgan Stanley increased their price target on United Parcel Service from $95.00 to $100.00 and gave the stock an “underweight” rating in a research report on Wednesday, March 27th. Stifel Nicolaus decreased their price target on United Parcel Service from $178.00 to $170.00 and set a “buy” rating on the stock in a research report on Thursday, March 28th. HSBC upgraded United Parcel Service from a “hold” rating to a “buy” rating and increased their price target for the stock from $150.00 to $170.00 in a research report on Thursday, April 25th. Susquehanna increased their price target on United Parcel Service from $150.00 to $160.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 24th. Finally, JPMorgan Chase & Co. decreased their price target on United Parcel Service from $154.00 to $150.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 9th. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $164.95.

United Parcel Service Stock Performance

Shares of United Parcel Service stock opened at $136.60 on Friday. The company has a market capitalization of $116.87 billion, a PE ratio of 19.80, a PEG ratio of 1.74 and a beta of 1.01. United Parcel Service, Inc. has a 12 month low of $132.90 and a 12 month high of $192.98. The company has a current ratio of 1.10, a quick ratio of 1.04 and a debt-to-equity ratio of 1.11. The stock’s fifty day simple moving average is $142.34 and its 200 day simple moving average is $149.23.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings data on Tuesday, April 23rd. The transportation company reported $1.43 EPS for the quarter, topping the consensus estimate of $1.33 by $0.10. The business had revenue of $21.70 billion for the quarter, compared to the consensus estimate of $21.84 billion. United Parcel Service had a return on equity of 37.42% and a net margin of 6.60%. The firm’s revenue was down 5.3% compared to the same quarter last year. During the same quarter last year, the business posted $2.20 EPS. On average, research analysts predict that United Parcel Service, Inc. will post 8.22 EPS for the current year.

United Parcel Service Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, May 30th. Shareholders of record on Monday, May 13th were issued a dividend of $1.63 per share. This represents a $6.52 dividend on an annualized basis and a yield of 4.77%. The ex-dividend date was Friday, May 10th. United Parcel Service’s dividend payout ratio (DPR) is presently 94.49%.

United Parcel Service Profile

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.