Daymark Wealth Partners LLC Has $2.04 Million Stake in United Parcel Service, Inc. (NYSE:UPS)

Daymark Wealth Partners LLC decreased its stake in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 15.0% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 18,525 shares of the transportation company's stock after selling 3,269 shares during the quarter. Daymark Wealth Partners LLC's holdings in United Parcel Service were worth $2,038,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of the stock. Altus Wealth Group LLC grew its position in shares of United Parcel Service by 4.6% during the 4th quarter. Altus Wealth Group LLC now owns 2,022 shares of the transportation company's stock worth $255,000 after buying an additional 89 shares during the period. Colonial Trust Co SC grew its position in shares of United Parcel Service by 1.4% during the 4th quarter. Colonial Trust Co SC now owns 7,227 shares of the transportation company's stock worth $911,000 after buying an additional 98 shares during the period. Juncture Wealth Strategies LLC grew its position in shares of United Parcel Service by 2.5% during the 1st quarter. Juncture Wealth Strategies LLC now owns 4,124 shares of the transportation company's stock worth $454,000 after buying an additional 101 shares during the period. Cohen & Steers Inc. grew its position in shares of United Parcel Service by 5.3% during the 4th quarter. Cohen & Steers Inc. now owns 2,054 shares of the transportation company's stock worth $259,000 after buying an additional 104 shares during the period. Finally, Diligent Investors LLC grew its position in shares of United Parcel Service by 1.7% during the 4th quarter. Diligent Investors LLC now owns 6,722 shares of the transportation company's stock worth $848,000 after buying an additional 111 shares during the period. Institutional investors and hedge funds own 60.26% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Galvan Research reduced their price objective on shares of United Parcel Service from $147.00 to $133.00 and set a "buy" rating for the company in a research report on Wednesday, April 9th. BMO Capital Markets cut their target price on United Parcel Service from $130.00 to $125.00 and set an "outperform" rating on the stock in a report on Wednesday, April 30th. JPMorgan Chase & Co. cut their target price on United Parcel Service from $120.00 to $115.00 and set a "neutral" rating on the stock in a report on Monday, April 7th. Wall Street Zen cut United Parcel Service from a "buy" rating to a "hold" rating in a report on Wednesday, May 7th. Finally, Loop Capital cut their target price on United Parcel Service from $115.00 to $105.00 and set a "hold" rating on the stock in a report on Wednesday, April 30th. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, United Parcel Service currently has a consensus rating of "Hold" and a consensus price target of $120.26.

United Parcel Service Trading Down 1.1%

Shares of United Parcel Service stock opened at $99.50 on Thursday. United Parcel Service, Inc. has a 1 year low of $90.55 and a 1 year high of $148.15. The firm has a market cap of $84.26 billion, a PE ratio of 14.50, a P/E/G ratio of 1.77 and a beta of 1.22. The stock has a fifty day moving average price of $98.00 and a 200-day moving average price of $111.09. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.09 and a quick ratio of 1.09.

United Parcel Service (NYSE:UPS - Get Free Report) last announced its earnings results on Tuesday, April 29th. The transportation company reported $1.49 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $21.50 billion during the quarter, compared to analyst estimates of $21.25 billion. During the same period last year, the firm posted $1.43 EPS. The business's revenue was down .9% compared to the same quarter last year. Equities research analysts anticipate that United Parcel Service, Inc. will post 7.95 EPS for the current year.

United Parcel Service Dividend Announcement

The firm 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 6.59%. The ex-dividend date was Monday, May 19th. United Parcel Service's dividend 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.

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