Haverford Financial Services Inc. Sells 40,714 Shares of United Parcel Service, Inc. (NYSE:UPS)

Haverford Financial Services Inc. trimmed its holdings in United Parcel Service, Inc. (NYSE:UPS - Free Report) by 93.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,777 shares of the transportation company's stock after selling 40,714 shares during the quarter. Haverford Financial Services Inc.'s holdings in United Parcel Service were worth $350,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in UPS. IMG Wealth Management Inc. acquired a new stake in United Parcel Service in the 4th quarter valued at about $25,000. Generali Investments Management Co LLC acquired a new stake in shares of United Parcel Service during the fourth quarter worth $26,000. IFS Advisors LLC lifted its holdings in shares of United Parcel Service by 232.3% during the fourth quarter. IFS Advisors LLC now owns 216 shares of the transportation company's stock valued at $27,000 after purchasing an additional 151 shares during the last quarter. True Wealth Design LLC boosted its position in shares of United Parcel Service by 397.7% in the 3rd quarter. True Wealth Design LLC now owns 214 shares of the transportation company's stock valued at $29,000 after purchasing an additional 171 shares during the period. Finally, Runnymede Capital Advisors Inc. purchased a new position in United Parcel Service in the 4th quarter worth about $30,000. Institutional investors own 60.26% of the company's stock.

United Parcel Service Stock Performance

UPS stock traded down $5.53 during mid-day trading on Tuesday, reaching $110.27. 5,833,858 shares of the stock traded hands, compared to its average volume of 6,388,041. The firm has a market capitalization of $94.19 billion, a PE ratio of 16.31, a P/E/G ratio of 1.55 and a beta of 0.94. The business has a 50-day moving average of $119.95 and a two-hundred day moving average of $126.92. United Parcel Service, Inc. has a 52 week low of $109.40 and a 52 week high of $157.99. The company has a quick ratio of 1.14, a current ratio of 1.17 and a debt-to-equity ratio of 1.16.

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United Parcel Service (NYSE:UPS - Get Free Report) last announced its earnings results on Thursday, January 30th. The transportation company reported $2.75 earnings per share 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 quarter in the prior year, the business posted $2.47 earnings per share. As a group, equities analysts predict 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. Investors of record on Tuesday, February 18th were given a dividend of $1.64 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $6.56 dividend on an annualized basis and a yield of 5.95%. This is a positive change from United Parcel Service's previous quarterly dividend of $1.63. United Parcel Service's payout ratio is 97.04%.

Analyst Ratings Changes

A number of research firms have commented on UPS. Susquehanna reduced their price objective on shares of United Parcel Service from $140.00 to $130.00 and set a "neutral" rating for the company in a research note on Friday, January 31st. Loop Capital reduced their price target on shares of United Parcel Service from $120.00 to $115.00 and set a "hold" rating for the company in a research report on Monday, February 3rd. Citigroup lowered their price objective on shares of United Parcel Service from $158.00 to $149.00 and set a "buy" rating on the stock in a research report on Friday, January 31st. Raymond James cut their target price on shares of United Parcel Service from $155.00 to $145.00 and set a "strong-buy" rating on the stock in a research note on Friday, January 31st. Finally, Baird R W lowered United Parcel Service from a "strong-buy" rating to a "hold" rating in a research report on Friday, January 31st. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $138.09.

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.