Bartlett & CO. Wealth Management LLC Has $1.69 Million Holdings in United Parcel Service, Inc. (NYSE:UPS)

Bartlett & CO. Wealth Management LLC decreased its holdings in United Parcel Service, Inc. (NYSE:UPS - Free Report) by 77.2% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 15,379 shares of the transportation company's stock after selling 52,007 shares during the quarter. Bartlett & CO. Wealth Management LLC's holdings in United Parcel Service were worth $1,691,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Garde Capital Inc. acquired a new stake in shares of United Parcel Service in the 1st quarter valued at $37,000. CWA Asset Management Group LLC increased its holdings in United Parcel Service by 5.9% in the first quarter. CWA Asset Management Group LLC now owns 3,467 shares of the transportation company's stock valued at $381,000 after purchasing an additional 193 shares during the last quarter. Advisor Resource Council bought a new stake in United Parcel Service in the first quarter valued at about $437,000. Clark Capital Management Group Inc. increased its holdings in United Parcel Service by 14.4% in the fourth quarter. Clark Capital Management Group Inc. now owns 11,427 shares of the transportation company's stock valued at $1,441,000 after purchasing an additional 1,440 shares during the last quarter. Finally, LaFleur & Godfrey LLC increased its holdings in United Parcel Service by 62.8% in the fourth quarter. LaFleur & Godfrey LLC now owns 6,225 shares of the transportation company's stock valued at $785,000 after purchasing an additional 2,401 shares during the last quarter. Institutional investors own 60.26% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on UPS shares. Hsbc Global Res cut shares of United Parcel Service from a "strong-buy" rating to a "hold" rating in a report on Thursday, May 1st. Bank of America boosted their price objective on shares of United Parcel Service from $111.00 to $115.00 and gave the company a "buy" rating in a report on Friday, May 16th. Wells Fargo & Company restated an "equal weight" rating and set a $98.00 price objective (down previously from $120.00) on shares of United Parcel Service in a report on Tuesday, April 22nd. BMO Capital Markets decreased their target price on United Parcel Service from $130.00 to $125.00 and set an "outperform" rating for the company in a research note on Wednesday, April 30th. Finally, JPMorgan Chase & Co. decreased their target price on United Parcel Service from $120.00 to $115.00 and set a "neutral" rating for the company in a research note on Monday, April 7th. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, United Parcel Service currently has an average rating of "Hold" and an average price target of $120.26.

United Parcel Service Stock Up 0.6%

UPS traded up $0.62 on Friday, hitting $101.22. 5,867,283 shares of the company were exchanged, compared to its average volume of 5,194,276. United Parcel Service, Inc. has a 12 month low of $90.55 and a 12 month high of $148.15. The company has a market cap of $85.71 billion, a PE ratio of 14.76, a PEG ratio of 1.77 and a beta of 1.22. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.09 and a current ratio of 1.09. The stock's fifty day moving average is $98.18 and its 200-day moving average is $110.69.

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 (EPS) for the quarter, topping the consensus estimate of $1.38 by $0.11. United Parcel Service had a return on equity of 40.15% and a net margin of 6.44%. The business had revenue of $21.50 billion for the quarter, compared to analyst estimates of $21.25 billion. During the same quarter in the prior year, the company posted $1.43 earnings per share. United Parcel Service's revenue was down .9% on a year-over-year basis. Equities research analysts predict that United Parcel Service, Inc. will post 7.95 EPS 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. Investors of record on Monday, May 19th were issued a dividend of $1.64 per share. The ex-dividend date of this dividend was Monday, May 19th. This represents a $6.56 annualized dividend and a yield of 6.48%. United Parcel Service's payout ratio is presently 95.63%.

United Parcel Service Company 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.