Horan Capital Advisors LLC. Cuts Stock Position in United Parcel Service, Inc. (NYSE:UPS)

Horan Capital Advisors LLC. lessened its stake in United Parcel Service, Inc. (NYSE:UPS) by 1.4% in the 4th quarter, Holdings Channel.com reports. The fund owned 22,373 shares of the transportation company’s stock after selling 327 shares during the quarter. Horan Capital Advisors LLC.’s holdings in United Parcel Service were worth $2,821,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in UPS. Creative Financial Designs Inc. ADV increased its holdings in United Parcel Service by 27.6% in the 3rd quarter. Creative Financial Designs Inc. ADV now owns 2,305 shares of the transportation company’s stock worth $314,000 after acquiring an additional 498 shares in the last quarter. Chicago Partners Investment Group LLC boosted its stake in United Parcel Service by 8.8% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 4,420 shares of the transportation company’s stock worth $581,000 after purchasing an additional 359 shares during the last quarter. Princeton Global Asset Management LLC boosted its stake in United Parcel Service by 720.0% during the 3rd quarter. Princeton Global Asset Management LLC now owns 246 shares of the transportation company’s stock worth $34,000 after purchasing an additional 216 shares during the last quarter. Clear Creek Financial Management LLC boosted its stake in United Parcel Service by 16.9% during the 3rd quarter. Clear Creek Financial Management LLC now owns 3,048 shares of the transportation company’s stock worth $416,000 after purchasing an additional 441 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. boosted its stake in United Parcel Service by 5.7% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 62,953 shares of the transportation company’s stock worth $8,583,000 after purchasing an additional 3,416 shares during the last quarter. Hedge funds and other institutional investors own 60.26% of the company’s stock.

United Parcel Service Stock Up 0.2 %

Shares of UPS opened at $119.27 on Tuesday. The firm has a market cap of $101.88 billion, a P/E ratio of 17.64, a price-to-earnings-growth ratio of 1.55 and a beta of 0.98. United Parcel Service, Inc. has a 12-month low of $109.40 and a 12-month high of $158.95. The company’s 50-day moving average price is $122.28 and its 200 day moving average price is $128.03. 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) last issued its quarterly earnings data 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 net margin of 6.35% and a return on equity of 39.13%. During the same period last year, the company posted $2.47 EPS. On average, sell-side analysts forecast that United Parcel Service, Inc. will post 7.95 earnings per share for the current year.

United Parcel Service Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 6th. Shareholders of record on Tuesday, February 18th will be paid a dividend of $1.64 per share. The ex-dividend date of this dividend is Tuesday, February 18th. This is a positive change from United Parcel Service’s previous quarterly dividend of $1.63. This represents a $6.56 dividend on an annualized basis and a yield of 5.50%. United Parcel Service’s dividend payout ratio is 97.04%.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on UPS shares. Robert W. Baird cut shares of United Parcel Service from an “outperform” rating to a “neutral” rating and lowered their target price for the stock from $160.00 to $130.00 in a research note on Friday, January 31st. Citigroup lowered their target price on shares of 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. Stifel Nicolaus lowered their target price on shares of United Parcel Service from $156.00 to $153.00 and set a “buy” rating on the stock in a research note on Thursday, January 23rd. StockNews.com cut shares of United Parcel Service from a “buy” rating to a “hold” rating in a research note on Tuesday, February 25th. Finally, UBS Group lowered their price target on shares of United Parcel Service from $170.00 to $141.00 and set a “buy” rating on the stock in a research report on Friday, January 31st. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $140.73.

United Parcel Service Company 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.