Horan Capital Advisors LLC. Has $3.60 Million Stake in United Parcel Service, Inc. (NYSE:UPS)

Horan Capital Advisors LLC. lessened its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 2.5% during the 4th quarter, Holdings Channel.com reports. The firm owned 22,899 shares of the transportation company’s stock after selling 581 shares during the period. United Parcel Service comprises 1.3% of Horan Capital Advisors LLC.’s portfolio, making the stock its 26th largest holding. Horan Capital Advisors LLC.’s holdings in United Parcel Service were worth $3,600,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Harbor Capital Advisors Inc. grew its holdings in United Parcel Service by 0.4% during the 4th quarter. Harbor Capital Advisors Inc. now owns 17,530 shares of the transportation company’s stock worth $2,756,000 after acquiring an additional 64 shares during the last quarter. First Financial Corp IN grew its stake in shares of United Parcel Service by 24.2% during the fourth quarter. First Financial Corp IN now owns 334 shares of the transportation company’s stock valued at $53,000 after purchasing an additional 65 shares during the last quarter. Gleason Group Inc. increased its holdings in shares of United Parcel Service by 1.1% in the fourth quarter. Gleason Group Inc. now owns 6,351 shares of the transportation company’s stock valued at $999,000 after purchasing an additional 66 shares in the last quarter. Advisors Capital Management LLC raised its position in United Parcel Service by 0.5% in the 3rd quarter. Advisors Capital Management LLC now owns 15,085 shares of the transportation company’s stock worth $2,351,000 after purchasing an additional 69 shares during the last quarter. Finally, Dfpg Investments LLC lifted its holdings in United Parcel Service by 0.3% during the 4th quarter. Dfpg Investments LLC now owns 25,270 shares of the transportation company’s stock worth $3,981,000 after buying an additional 69 shares in the last quarter. 60.26% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on UPS shares. TD Cowen dropped their target price on United Parcel Service from $147.00 to $140.00 and set a “hold” rating for the company in a research report on Thursday, March 28th. BMO Capital Markets boosted their price objective on United Parcel Service from $165.00 to $169.00 and gave the stock a “market perform” rating in a report on Wednesday, April 24th. HSBC upgraded shares of United Parcel Service from a “hold” rating to a “buy” rating and lifted their price target for the stock from $150.00 to $170.00 in a research report on Thursday, April 25th. Oppenheimer increased their price objective on shares of United Parcel Service from $153.00 to $157.00 and gave the company an “outperform” rating in a report on Wednesday, April 24th. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on shares of United Parcel Service from $183.00 to $179.00 and set a “buy” rating for the company in a report on Thursday, March 28th. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $165.23.

United Parcel Service Stock Down 0.5 %

Shares of United Parcel Service stock traded down $0.79 on Friday, hitting $146.43. The company had a trading volume of 1,998,734 shares, compared to its average volume of 4,217,563. The stock has a 50-day moving average of $149.44 and a 200-day moving average of $150.74. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.10 and a quick ratio of 1.04. United Parcel Service, Inc. has a twelve month low of $133.68 and a twelve month high of $192.98. The firm has a market capitalization of $124.85 billion, a P/E ratio of 21.22, a P/E/G ratio of 1.67 and a beta of 1.05.

United Parcel Service (NYSE:UPS) last announced its earnings results on Tuesday, April 23rd. The transportation company reported $1.43 earnings per share for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $21.70 billion during the quarter, compared to analyst estimates of $21.84 billion. During the same period in the prior year, the business earned $2.20 EPS. The company’s revenue for the quarter was down 5.3% compared to the same quarter last year. Research analysts predict that United Parcel Service, Inc. will post 8.23 earnings per share for the current year.

United Parcel Service Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 30th. Investors of record on Monday, May 13th will be issued a dividend of $1.63 per share. The ex-dividend date is Friday, May 10th. This represents a $6.52 dividend on an annualized basis and a dividend yield of 4.45%. United Parcel Service’s payout ratio is presently 94.49%.

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.