Axxcess Wealth Management LLC Sells 4,642 Shares of United Parcel Service, Inc. (NYSE:UPS)

Axxcess Wealth Management LLC trimmed its position in United Parcel Service, Inc. (NYSE:UPS - Free Report) by 37.9% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 7,620 shares of the transportation company's stock after selling 4,642 shares during the period. Axxcess Wealth Management LLC's holdings in United Parcel Service were worth $838,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Norges Bank purchased a new position in shares of United Parcel Service during the 4th quarter valued at about $1,075,393,000. Franklin Resources Inc. lifted its position in shares of United Parcel Service by 15.6% during the 4th quarter. Franklin Resources Inc. now owns 10,979,909 shares of the transportation company's stock valued at $1,384,567,000 after buying an additional 1,484,452 shares in the last quarter. Castlekeep Investment Advisors LLC purchased a new position in shares of United Parcel Service during the 4th quarter valued at about $145,846,000. Price T Rowe Associates Inc. MD lifted its position in shares of United Parcel Service by 19.7% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 6,463,930 shares of the transportation company's stock valued at $815,102,000 after buying an additional 1,064,293 shares in the last quarter. Finally, Janus Henderson Group PLC lifted its position in shares of United Parcel Service by 316.7% during the 4th quarter. Janus Henderson Group PLC now owns 1,122,886 shares of the transportation company's stock valued at $141,581,000 after buying an additional 853,388 shares in the last quarter. 60.26% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on UPS. Citigroup lifted their price objective on United Parcel Service from $122.00 to $127.00 and gave the company a "buy" rating in a research report on Wednesday. BNP Paribas Exane raised United Parcel Service from an "underperform" rating to a "neutral" rating and set a $100.00 price objective on the stock in a research report on Thursday, July 3rd. Oppenheimer lowered their price target on United Parcel Service from $126.00 to $114.00 and set an "outperform" rating on the stock in a report on Wednesday, April 30th. JPMorgan Chase & Co. lowered their price target on United Parcel Service from $110.00 to $107.00 and set a "neutral" rating on the stock in a report on Tuesday. Finally, Wells Fargo & Company reissued an "equal weight" rating and issued a $98.00 price target (down from $120.00) on shares of United Parcel Service in a report on Tuesday, April 22nd. Two analysts have rated the stock with a sell rating, fifteen have given a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $119.13.

United Parcel Service Trading Down 1.6%

Shares of NYSE UPS traded down $1.63 during trading hours on Friday, hitting $101.29. 4,337,400 shares of the company traded hands, compared to its average volume of 5,255,610. The stock has a market capitalization of $85.77 billion, a price-to-earnings ratio of 14.77, a price-to-earnings-growth ratio of 1.98 and a beta of 1.21. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.24. The company's 50 day moving average price is $99.42 and its 200 day moving average price is $109.05. United Parcel Service, Inc. has a 12 month low of $90.55 and a 12 month high of $148.15.

United Parcel Service (NYSE:UPS - Get Free Report) last released its earnings results on Tuesday, April 29th. The transportation company reported $1.49 earnings per share for the quarter, beating the consensus estimate of $1.38 by $0.11. The firm had revenue of $21.50 billion for the quarter, compared to the consensus estimate of $21.25 billion. United Parcel Service had a return on equity of 40.15% and a net margin of 6.44%. The company's revenue for the quarter was down .9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.43 EPS. On average, equities research analysts anticipate that United Parcel Service, Inc. will post 7.95 earnings per share for the current fiscal year.

United Parcel Service Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, June 5th. Stockholders of record on Monday, May 19th were given a dividend of $1.64 per share. This represents a $6.56 annualized dividend and a dividend yield of 6.48%. The ex-dividend date of this dividend was Monday, May 19th. United Parcel Service's dividend payout ratio is currently 95.63%.

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.