Diversify Advisory Services LLC Reduces Stock Position in United Parcel Service, Inc. (NYSE:UPS)

Diversify Advisory Services LLC lessened its holdings in United Parcel Service, Inc. (NYSE:UPS - Free Report) by 66.6% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,534 shares of the transportation company's stock after selling 5,052 shares during the quarter. Diversify Advisory Services LLC's holdings in United Parcel Service were worth $279,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the business. Colonial Trust Co SC increased its holdings in United Parcel Service by 1.4% during the fourth 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 last quarter. Juncture Wealth Strategies LLC increased its holdings in United Parcel Service by 2.5% during the first 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 last quarter. TCV Trust & Wealth Management Inc. increased its holdings in United Parcel Service by 1.4% during the first quarter. TCV Trust & Wealth Management Inc. now owns 7,544 shares of the transportation company's stock worth $830,000 after buying an additional 103 shares during the last quarter. Cohen & Steers Inc. increased its holdings in United Parcel Service by 5.3% during the fourth 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 last quarter. Finally, Diligent Investors LLC increased its holdings in United Parcel Service by 1.7% during the fourth 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 last quarter. Hedge funds and other institutional investors own 60.26% of the company's stock.

United Parcel Service Trading Down 0.4%

Shares of NYSE UPS opened at $98.85 on Tuesday. The firm's 50 day moving average price is $99.85 and its 200-day moving average price is $107.91. The company has a market cap of $83.71 billion, a PE ratio of 14.41, a P/E/G ratio of 1.91 and a beta of 1.21. United Parcel Service, Inc. has a 52-week low of $90.55 and a 52-week high of $146.17. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.09 and a current ratio of 1.09.

United Parcel Service (NYSE:UPS - Get Free Report) last released its quarterly earnings data 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. United Parcel Service had a net margin of 6.44% and a return on equity of 40.15%. The firm had revenue of $21.50 billion during the quarter, compared to analysts' expectations of $21.25 billion. During the same period in the previous year, the company earned $1.43 earnings per share. The firm's quarterly revenue was down .9% on a year-over-year basis. On average, equities research analysts expect that United Parcel Service, Inc. will post 7.95 EPS for the current fiscal year.

United Parcel Service Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 5th. Shareholders 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 dividend on an annualized basis and a yield of 6.64%. United Parcel Service's dividend payout ratio is currently 95.63%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. Stifel Nicolaus cut their price objective on shares of United Parcel Service from $145.00 to $124.00 and set a "buy" rating for the company in a report on Wednesday, April 30th. Susquehanna cut their price target on shares of United Parcel Service from $120.00 to $110.00 and set a "neutral" rating for the company in a report on Wednesday, April 30th. Barclays cut their price target on shares of United Parcel Service from $100.00 to $90.00 and set an "underweight" rating for the company in a report on Monday, March 31st. JPMorgan Chase & Co. cut their price target on shares of United Parcel Service from $110.00 to $107.00 and set a "neutral" rating for the company in a report on Tuesday, July 8th. Finally, Galvan Research cut their price target on shares of United Parcel Service from $147.00 to $133.00 and set a "buy" rating for the company in a report on Wednesday, April 9th. Two research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, United Parcel Service currently has a consensus rating of "Hold" and a consensus target price of $119.13.

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.

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