United Parcel Service, Inc. (NYSE:UPS) is Peloton Wealth Strategists’ 6th Largest Position

Peloton Wealth Strategists cut its stake in United Parcel Service, Inc. (NYSE:UPSGet Rating) by 4.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 30,580 shares of the transportation company’s stock after selling 1,450 shares during the period. United Parcel Service makes up about 2.6% of Peloton Wealth Strategists’ holdings, making the stock its 6th largest holding. Peloton Wealth Strategists’ holdings in United Parcel Service were worth $6,555,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Bragg Financial Advisors Inc grew its position in shares of United Parcel Service by 22.7% in the third quarter. Bragg Financial Advisors Inc now owns 10,420 shares of the transportation company’s stock valued at $1,897,000 after purchasing an additional 1,930 shares in the last quarter. Tranquility Partners LLC purchased a new position in United Parcel Service in the fourth quarter worth approximately $207,000. Zenyatta Capital Management LP purchased a new position in United Parcel Service in the fourth quarter worth approximately $17,147,000. Osher Van de Voorde Investment Management grew its position in United Parcel Service by 3.9% in the fourth quarter. Osher Van de Voorde Investment Management now owns 95,280 shares of the transportation company’s stock worth $20,422,000 after acquiring an additional 3,580 shares during the period. Finally, Brookstone Capital Management grew its position in United Parcel Service by 3.3% in the fourth quarter. Brookstone Capital Management now owns 22,277 shares of the transportation company’s stock worth $4,860,000 after acquiring an additional 713 shares during the period. Institutional investors and hedge funds own 57.85% of the company’s stock.

United Parcel Service stock traded up $0.90 during midday trading on Friday, reaching $178.04. The company’s stock had a trading volume of 3,598,100 shares, compared to its average volume of 3,628,483. United Parcel Service, Inc. has a fifty-two week low of $173.19 and a fifty-two week high of $233.72. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 1.28. The company has a market cap of $154.96 billion, a P/E ratio of 14.53, a P/E/G ratio of 1.55 and a beta of 1.16. The business has a 50-day simple moving average of $197.52 and a 200-day simple moving average of $205.72.

United Parcel Service (NYSE:UPSGet Rating) last posted its quarterly earnings results on Tuesday, April 26th. The transportation company reported $3.05 earnings per share for the quarter, beating analysts’ consensus estimates of $2.88 by $0.17. United Parcel Service had a return on equity of 82.94% and a net margin of 10.90%. The company had revenue of $24.40 billion for the quarter, compared to analysts’ expectations of $23.80 billion. During the same period last year, the firm earned $2.77 earnings per share. United Parcel Service’s quarterly revenue was up 6.5% on a year-over-year basis. As a group, equities analysts forecast that United Parcel Service, Inc. will post 12.83 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 2nd. Stockholders of record on Monday, May 16th will be given a dividend of $1.52 per share. This represents a $6.08 dividend on an annualized basis and a dividend yield of 3.41%. The ex-dividend date of this dividend is Friday, May 13th. United Parcel Service’s dividend payout ratio (DPR) is currently 49.63%.

In other news, insider Laura J. Lane sold 6,988 shares of United Parcel Service stock in a transaction dated Friday, February 18th. The stock was sold at an average price of $208.28, for a total transaction of $1,455,460.64. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Philippe R. Gilbert sold 3,897 shares of United Parcel Service stock in a transaction dated Thursday, March 3rd. The stock was sold at an average price of $215.37, for a total value of $839,296.89. The disclosure for this sale can be found here. 0.12% of the stock is currently owned by insiders.

Several research analysts recently weighed in on the company. Wolfe Research reiterated a “peer perform” rating on shares of United Parcel Service in a research report on Tuesday, April 5th. JPMorgan Chase & Co. lowered United Parcel Service from an “overweight” rating to a “neutral” rating and set a $202.00 price objective for the company. in a research report on Friday. Berenberg Bank set a $200.00 price target on United Parcel Service in a research report on Tuesday, April 26th. Sanford C. Bernstein set a $272.00 price target on United Parcel Service in a research report on Friday, March 11th. Finally, Bank of America lowered their price target on United Parcel Service from $204.00 to $199.00 and set a “neutral” rating for the company in a research report on Wednesday, April 27th. One equities research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating, twelve have given 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 “Hold” and a consensus target price of $225.04.

About United Parcel Service (Get Rating)

United Parcel Service, Inc provides letter and package delivery, transportation, logistics, and related services. It operates through two segments, U.S. Domestic Package and International Package. The U.S. Domestic Package segment offers time-definite delivery of letters, documents, small packages, and palletized freight through air and ground services in the United States.

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Institutional Ownership by Quarter for United Parcel Service (NYSE:UPS)

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