First Dallas Securities Inc. Sells 2,088 Shares of United Parcel Service, Inc. (NYSE:UPS)

First Dallas Securities Inc. cut its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 53.0% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,853 shares of the transportation company’s stock after selling 2,088 shares during the quarter. First Dallas Securities Inc.’s holdings in United Parcel Service were worth $275,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of UPS. Tennessee Valley Asset Management Partners bought a new stake in United Parcel Service during the fourth quarter worth $26,000. Life Planning Partners Inc acquired a new stake in United Parcel Service in the 4th quarter valued at about $28,000. Northwest Financial Advisors acquired a new stake in United Parcel Service in the 4th quarter valued at about $28,000. Pineridge Advisors LLC bought a new position in United Parcel Service during the fourth quarter worth about $31,000. Finally, Bourgeon Capital Management LLC acquired a new position in United Parcel Service during the fourth quarter worth approximately $31,000. 60.26% of the stock is currently owned by institutional investors and hedge funds.

United Parcel Service Stock Performance

UPS opened at $136.85 on Friday. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.04 and a current ratio of 1.10. United Parcel Service, Inc. has a 52-week low of $132.90 and a 52-week high of $192.98. The firm has a market cap of $117.08 billion, a P/E ratio of 19.83, a price-to-earnings-growth ratio of 1.74 and a beta of 1.01. The business’s fifty day moving average is $141.71 and its 200-day moving average is $148.56.

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

United Parcel Service Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 30th. Investors of record on Monday, May 13th were paid a $1.63 dividend. The ex-dividend date was Friday, May 10th. This represents a $6.52 dividend on an annualized basis and a yield of 4.76%. United Parcel Service’s dividend payout ratio (DPR) is 94.49%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. Deutsche Bank Aktiengesellschaft cut their price objective on United Parcel Service from $183.00 to $179.00 and set a “buy” rating for the company in a research report on Thursday, March 28th. Wells Fargo & Company initiated coverage on shares of United Parcel Service in a research report on Friday, June 7th. They set an “overweight” rating and a $156.00 price objective for the company. Oppenheimer raised their target price on shares of United Parcel Service from $153.00 to $157.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 24th. BMO Capital Markets upped their price target on shares of United Parcel Service from $165.00 to $169.00 and gave the company a “market perform” rating in a research note on Wednesday, April 24th. Finally, JPMorgan Chase & Co. lowered their price target on shares of United Parcel Service from $154.00 to $150.00 and set a “neutral” rating on the stock in a report on Tuesday, April 9th. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $164.55.

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.