Haverford Trust Co Has $70.95 Million Stock Holdings in United Parcel Service, Inc. (NYSE:UPS)

Haverford Trust Co lowered its holdings in United Parcel Service, Inc. (NYSE:UPS - Free Report) by 27.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 562,658 shares of the transportation company's stock after selling 213,713 shares during the period. Haverford Trust Co owned about 0.07% of United Parcel Service worth $70,951,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Pacific Sage Partners LLC raised its stake in shares of United Parcel Service by 4.8% in the fourth quarter. Pacific Sage Partners LLC now owns 1,677 shares of the transportation company's stock valued at $212,000 after acquiring an additional 77 shares during the last quarter. Quent Capital LLC grew its holdings in United Parcel Service by 16.7% during the 4th quarter. Quent Capital LLC now owns 558 shares of the transportation company's stock worth $70,000 after acquiring an additional 80 shares during the last quarter. Gleason Group Inc. increased its position in United Parcel Service by 1.3% in the 4th quarter. Gleason Group Inc. now owns 6,660 shares of the transportation company's stock valued at $840,000 after acquiring an additional 84 shares in the last quarter. Dunhill Financial LLC raised its stake in shares of United Parcel Service by 4.9% in the third quarter. Dunhill Financial LLC now owns 1,831 shares of the transportation company's stock worth $250,000 after acquiring an additional 86 shares during the last quarter. Finally, Weaver Consulting Group increased its holdings in shares of United Parcel Service by 3.0% in the third quarter. Weaver Consulting Group now owns 3,053 shares of the transportation company's stock valued at $416,000 after purchasing an additional 89 shares in the last quarter. 60.26% of the stock is owned by institutional investors.

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Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on UPS. Wells Fargo & Company cut their price target on United Parcel Service from $150.00 to $128.00 and set an "overweight" rating on the stock in a research note on Friday, January 31st. Stifel Nicolaus lowered their price objective on shares of United Parcel Service from $156.00 to $153.00 and set a "buy" rating for the company in a research report on Thursday, January 23rd. Susquehanna cut their price objective on United Parcel Service from $140.00 to $130.00 and set a "neutral" rating on the stock in a report on Friday, January 31st. Morgan Stanley dropped their price target on United Parcel Service from $100.00 to $82.00 and set an "underweight" rating on the stock in a research note on Friday, January 31st. Finally, Citigroup cut their target price on United Parcel Service from $158.00 to $149.00 and set a "buy" rating on the stock in a research note on Friday, January 31st. Two research analysts have rated the stock with a sell rating, nine have given a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, United Parcel Service has a consensus rating of "Moderate Buy" and an average target price of $137.91.

United Parcel Service Stock Performance

NYSE UPS traded down $5.79 during trading on Tuesday, reaching $110.01. The company's stock had a trading volume of 10,596,710 shares, compared to its average volume of 4,496,863. The firm has a 50 day moving average price of $119.95 and a 200 day moving average price of $126.92. United Parcel Service, Inc. has a 12 month low of $109.40 and a 12 month high of $157.99. The firm has a market capitalization of $93.97 billion, a price-to-earnings ratio of 16.27, a price-to-earnings-growth ratio of 1.55 and a beta of 0.94. The company has a current ratio of 1.17, a quick ratio of 1.14 and a debt-to-equity ratio of 1.16.

United Parcel Service (NYSE:UPS - Get Free Report) last issued its quarterly earnings results on Thursday, January 30th. The transportation company reported $2.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.52 by $0.23. United Parcel Service had a return on equity of 39.13% and a net margin of 6.35%. During the same period in the previous year, the company earned $2.47 earnings per share. As a group, equities analysts anticipate that United Parcel Service, Inc. will post 7.95 EPS for the current fiscal year.

United Parcel Service Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 6th. Stockholders of record on Tuesday, February 18th were issued a dividend of $1.64 per share. This is a positive change from United Parcel Service's previous quarterly dividend of $1.63. This represents a $6.56 annualized dividend and a dividend yield of 5.96%. The ex-dividend date was Tuesday, February 18th. United Parcel Service's dividend payout ratio is 97.04%.

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.