Pinnacle Wealth Management Advisory Group LLC Lowers Stock Position in United Parcel Service, Inc. (NYSE:UPS)

Pinnacle Wealth Management Advisory Group LLC reduced its position in United Parcel Service, Inc. (NYSE:UPS) by 14.5% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 14,884 shares of the transportation company’s stock after selling 2,525 shares during the period. Pinnacle Wealth Management Advisory Group LLC’s holdings in United Parcel Service were worth $2,340,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in UPS. Calamos Wealth Management LLC purchased a new stake in shares of United Parcel Service in the third quarter worth about $274,000. Baystate Wealth Management LLC raised its stake in shares of United Parcel Service by 6.6% during the third quarter. Baystate Wealth Management LLC now owns 1,213 shares of the transportation company’s stock valued at $189,000 after purchasing an additional 75 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its holdings in United Parcel Service by 9.6% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 228,724 shares of the transportation company’s stock valued at $35,651,000 after purchasing an additional 19,971 shares in the last quarter. Rowlandmiller & PARTNERS.ADV boosted its position in United Parcel Service by 5.8% in the 3rd quarter. Rowlandmiller & PARTNERS.ADV now owns 37,580 shares of the transportation company’s stock valued at $5,858,000 after buying an additional 2,065 shares during the last quarter. Finally, Kanawha Capital Management LLC boosted its holdings in United Parcel Service by 1.9% in the third quarter. Kanawha Capital Management LLC now owns 3,962 shares of the transportation company’s stock valued at $618,000 after purchasing an additional 75 shares during the last quarter. Institutional investors and hedge funds own 60.26% of the company’s stock.

Wall Street Analysts Forecast Growth

UPS has been the topic of a number of recent analyst reports. Robert W. Baird raised United Parcel Service from a “neutral” rating to an “outperform” rating and upped their target price for the company from $165.00 to $170.00 in a research report on Friday, February 16th. Evercore ISI reissued an “in-line” rating and set a $154.00 price objective on shares of United Parcel Service in a report on Wednesday, March 27th. TheStreet upgraded shares of United Parcel Service from a “c” rating to a “b-” rating in a research note on Tuesday, January 30th. Redburn Atlantic upgraded United Parcel Service from a “neutral” rating to a “buy” rating and set a $180.00 price target for the company in a research note on Wednesday, April 3rd. Finally, UBS Group upgraded United Parcel Service from a “neutral” rating to a “buy” rating and upped their price objective for the company from $160.00 to $175.00 in a research note on Tuesday, February 6th. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $165.23.

United Parcel Service Price Performance

UPS traded down $0.15 on Thursday, reaching $147.62. The company had a trading volume of 1,049,969 shares, compared to its average volume of 4,133,104. United Parcel Service, Inc. has a one year low of $133.68 and a one year high of $192.98. The company has a market capitalization of $125.87 billion, a P/E ratio of 21.45, a PEG ratio of 1.68 and a beta of 1.05. The company has a fifty day moving average of $149.35 and a 200-day moving average of $150.53. The company has a current ratio of 1.10, a quick ratio of 1.04 and a debt-to-equity ratio of 1.11.

United Parcel Service (NYSE:UPS) last announced its earnings results on Tuesday, April 23rd. The transportation company reported $1.43 EPS for the quarter, topping the consensus estimate of $1.33 by $0.10. The firm had revenue of $21.70 billion for the quarter, compared to analysts’ expectations of $21.84 billion. United Parcel Service had a return on equity of 37.42% and a net margin of 6.60%. The firm’s quarterly revenue was down 5.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.20 earnings per share. As a group, equities research analysts anticipate that United Parcel Service, Inc. will post 8.23 earnings per share for the current year.

United Parcel Service Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 30th. Shareholders of record on Monday, May 13th will be paid a dividend of $1.63 per share. The ex-dividend date is Friday, May 10th. This represents a $6.52 annualized dividend and a yield of 4.42%. United Parcel Service’s dividend payout ratio (DPR) 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.