Hsbc Holdings PLC Decreases Stock Position in United Parcel Service, Inc. $UPS

Hsbc Holdings PLC decreased its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 7.6% during the fourth quarter, Holdings Channel.com reports. The fund owned 1,566,554 shares of the transportation company’s stock after selling 128,258 shares during the period. Hsbc Holdings PLC’s holdings in United Parcel Service were worth $155,522,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. University of Texas Texas AM Investment Management Co. purchased a new position in shares of United Parcel Service in the 4th quarter valued at approximately $25,000. IFC & Insurance Marketing Inc. purchased a new stake in United Parcel Service during the 4th quarter worth approximately $25,000. Coston McIsaac & Partners grew its position in United Parcel Service by 77.8% during the 4th quarter. Coston McIsaac & Partners now owns 272 shares of the transportation company’s stock worth $27,000 after purchasing an additional 119 shares during the last quarter. Torren Management LLC acquired a new position in United Parcel Service during the 4th quarter valued at approximately $29,000. Finally, Kemnay Advisory Services Inc. acquired a new position in United Parcel Service during the 4th quarter valued at approximately $29,000. Hedge funds and other institutional investors own 60.26% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently commented on UPS. UBS Group lowered their price objective on shares of United Parcel Service from $125.00 to $123.00 and set a “buy” rating for the company in a research note on Wednesday, April 29th. Susquehanna upped their target price on United Parcel Service from $116.00 to $118.00 and gave the company a “neutral” rating in a research report on Wednesday, April 29th. Citigroup raised their target price on United Parcel Service from $118.00 to $127.00 and gave the stock a “buy” rating in a research note on Wednesday, April 29th. Weiss Ratings cut United Parcel Service from a “hold (c)” rating to a “sell (d+)” rating in a research report on Friday, May 8th. Finally, Evercore lowered their price target on United Parcel Service from $115.00 to $113.00 and set an “in-line” rating for the company in a research report on Wednesday, April 22nd. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, eleven have issued a Hold rating and four have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $111.50.

United Parcel Service Stock Performance

UPS opened at $105.29 on Friday. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 1.50. United Parcel Service, Inc. has a 12-month low of $82.00 and a 12-month high of $122.41. The firm has a 50 day moving average of $104.09 and a two-hundred day moving average of $104.47. The firm has a market capitalization of $89.50 billion, a PE ratio of 17.04, a P/E/G ratio of 1.67 and a beta of 1.05.

United Parcel Service (NYSE:UPS) last released its quarterly earnings data on Tuesday, April 28th. The transportation company reported $1.07 EPS for the quarter, beating the consensus estimate of $1.02 by $0.05. The business had revenue of $21.20 billion for the quarter, compared to the consensus estimate of $20.99 billion. United Parcel Service had a net margin of 5.94% and a return on equity of 35.95%. The business’s revenue for the quarter was down 1.4% on a year-over-year basis. During the same period in the prior year, the firm earned $1.49 EPS. On average, analysts anticipate that United Parcel Service, Inc. will post 7.1 EPS for the current year.

United Parcel Service Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 4th. Investors of record on Monday, May 18th were given a dividend of $1.64 per share. The ex-dividend date was Monday, May 18th. This represents a $6.56 dividend on an annualized basis and a yield of 6.2%. United Parcel Service’s payout ratio is currently 106.15%.

United Parcel Service Profile

United Parcel Service (NYSE: UPS) is a global package delivery and supply chain management company that provides a broad range of transportation, logistics and e-commerce services. Its core business centers on small-package delivery and last-mile distribution for business and individual customers, supported by a network of ground transportation, air cargo operations (UPS Airlines) and sorting facilities. In addition to parcel delivery, UPS offers freight transportation, contract logistics, warehousing, customs brokerage and reverse-logistics solutions designed to support domestic and international commerce.

The company traces its roots to 1907 when it began as a small messenger service in the United States and later evolved into the United Parcel Service.