United Parcel Service, Inc. (NYSE:UPS) Shares Sold by IVC Wealth Advisors LLC

IVC Wealth Advisors LLC trimmed its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 24.0% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,987 shares of the transportation company’s stock after selling 943 shares during the period. IVC Wealth Advisors LLC’s holdings in United Parcel Service were worth $444,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. International Assets Investment Management LLC increased its position in United Parcel Service by 15,631.2% during the fourth quarter. International Assets Investment Management LLC now owns 14,502,261 shares of the transportation company’s stock worth $2,280,190,000 after acquiring an additional 14,410,073 shares during the period. Wellington Management Group LLP increased its position in United Parcel Service by 87.6% during the fourth quarter. Wellington Management Group LLP now owns 18,152,900 shares of the transportation company’s stock worth $2,854,180,000 after acquiring an additional 8,475,698 shares during the period. Norges Bank bought a new position in United Parcel Service during the fourth quarter worth $1,128,322,000. First Trust Advisors LP increased its position in United Parcel Service by 208.1% during the fourth quarter. First Trust Advisors LP now owns 1,717,391 shares of the transportation company’s stock worth $270,025,000 after acquiring an additional 1,160,005 shares during the period. Finally, Franklin Resources Inc. increased its holdings in United Parcel Service by 11.4% in the 4th quarter. Franklin Resources Inc. now owns 9,607,055 shares of the transportation company’s stock valued at $1,510,517,000 after buying an additional 980,317 shares during the period. 60.26% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have issued reports on UPS. BMO Capital Markets boosted their price target on shares of United Parcel Service from $165.00 to $169.00 and gave the company a “market perform” rating in a report on Wednesday, April 24th. TD Cowen lowered their price target on shares of United Parcel Service from $147.00 to $140.00 and set a “hold” rating on the stock in a report on Thursday, March 28th. Wells Fargo & Company began coverage on shares of United Parcel Service in a report on Friday, June 7th. They issued an “overweight” rating and a $156.00 price target on the stock. Deutsche Bank Aktiengesellschaft lowered their price target on shares of United Parcel Service from $183.00 to $179.00 and set a “buy” rating on the stock in a report on Thursday, March 28th. Finally, Evercore ISI lowered their price target on shares of United Parcel Service from $157.00 to $145.00 and set an “in-line” rating on the stock in a report on Monday, June 24th. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $164.55.

United Parcel Service Price Performance

NYSE UPS traded up $0.56 on Wednesday, hitting $135.47. 1,539,852 shares of the company were exchanged, compared to its average volume of 4,031,853. The firm has a 50 day moving average of $141.24 and a two-hundred day moving average of $148.12. The company has a market cap of $115.90 billion, a P/E ratio of 19.64, a P/E/G ratio of 1.74 and a beta of 0.98. 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, Inc. has a 1-year low of $132.90 and a 1-year high of $192.98.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings data on Tuesday, April 23rd. The transportation company reported $1.43 earnings per share for the quarter, topping the consensus estimate of $1.33 by $0.10. The firm had revenue of $21.70 billion during 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 company’s quarterly revenue was down 5.3% compared to the same quarter last year. During the same period in the previous year, the business posted $2.20 EPS. On average, equities analysts predict that United Parcel Service, Inc. will post 8.22 EPS for the current year.

United Parcel Service Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 30th. Shareholders of record on Monday, May 13th were issued a dividend of $1.63 per share. The ex-dividend date of this dividend was Friday, May 10th. This represents a $6.52 annualized dividend and a yield of 4.81%. United Parcel Service’s dividend payout ratio is currently 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.