United Parcel Service, Inc. (NYSE:UPS) Shares Sold by Wallace Advisory Group LLC

Wallace Advisory Group LLC lowered its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 56.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,329 shares of the transportation company’s stock after selling 1,744 shares during the period. Wallace Advisory Group LLC’s holdings in United Parcel Service were worth $209,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Tennessee Valley Asset Management Partners purchased a new stake in United Parcel Service in the 4th quarter valued at approximately $26,000. Life Planning Partners Inc acquired a new stake in shares of United Parcel Service during the fourth quarter valued at $28,000. Northwest Financial Advisors purchased a new stake in United Parcel Service during the 4th quarter worth about $28,000. Bourgeon Capital Management LLC purchased a new stake in United Parcel Service during the 4th quarter worth about $31,000. Finally, Security National Bank acquired a new position in United Parcel Service in the 4th quarter valued at about $31,000. Hedge funds and other institutional investors own 60.26% of the company’s stock.

United Parcel Service Price Performance

Shares of UPS stock opened at $134.36 on Wednesday. United Parcel Service, Inc. has a twelve month low of $132.90 and a twelve month high of $192.98. The company has a market capitalization of $114.95 billion, a PE ratio of 19.47, a price-to-earnings-growth ratio of 1.76 and a beta of 1.01. The company has a current ratio of 1.10, a quick ratio of 1.04 and a debt-to-equity ratio of 1.11. The firm has a fifty day simple moving average of $142.05 and a 200-day simple moving average of $148.90.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings data on Tuesday, April 23rd. The transportation company reported $1.43 earnings per share for the quarter, beating analysts’ consensus estimates of $1.33 by $0.10. The company had revenue of $21.70 billion during the quarter, compared to analysts’ expectations of $21.84 billion. United Parcel Service had a net margin of 6.60% and a return on equity of 37.42%. The firm’s revenue for the quarter was down 5.3% on a year-over-year basis. During the same period in the prior year, the company posted $2.20 EPS. Equities research analysts anticipate that United Parcel Service, Inc. will post 8.22 earnings per share for the current fiscal year.

United Parcel Service Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 30th. Stockholders of record on Monday, May 13th were paid a dividend of $1.63 per share. This represents a $6.52 annualized dividend and a dividend yield of 4.85%. The ex-dividend date of this dividend was Friday, May 10th. United Parcel Service’s dividend payout ratio (DPR) is currently 94.49%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. Wells Fargo & Company started coverage on shares of United Parcel Service in a report on Friday, June 7th. They set an “overweight” rating and a $156.00 price target for the company. JPMorgan Chase & Co. cut their price target on United Parcel Service from $154.00 to $150.00 and set a “neutral” rating for the company in a report on Tuesday, April 9th. Deutsche Bank Aktiengesellschaft reduced their price target on United Parcel Service from $183.00 to $179.00 and set a “buy” rating on the stock in a research note on Thursday, March 28th. Morgan Stanley lifted their price objective on United Parcel Service from $95.00 to $100.00 and gave the company an “underweight” rating in a research report on Wednesday, March 27th. Finally, Redburn Atlantic upgraded United Parcel Service from a “neutral” rating to a “buy” rating and set a $180.00 target price on the stock in a research report on Wednesday, April 3rd. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $164.55.

About United Parcel Service

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.