Envestnet Portfolio Solutions Inc. Has $5.15 Million Holdings in United Parcel Service, Inc. (NYSE:UPS)

Envestnet Portfolio Solutions Inc. decreased its stake in United Parcel Service, Inc. (NYSE:UPS - Free Report) by 8.8% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 46,827 shares of the transportation company's stock after selling 4,524 shares during the quarter. Envestnet Portfolio Solutions Inc.'s holdings in United Parcel Service were worth $5,151,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the stock. LaFleur & Godfrey LLC lifted its position in shares of United Parcel Service by 62.8% in the 4th quarter. LaFleur & Godfrey LLC now owns 6,225 shares of the transportation company's stock valued at $785,000 after acquiring an additional 2,401 shares in the last quarter. Brighton Jones LLC lifted its holdings in shares of United Parcel Service by 63.8% in the fourth quarter. Brighton Jones LLC now owns 12,126 shares of the transportation company's stock valued at $1,529,000 after purchasing an additional 4,723 shares in the last quarter. Global Retirement Partners LLC lifted its holdings in shares of United Parcel Service by 4.6% in the fourth quarter. Global Retirement Partners LLC now owns 13,170 shares of the transportation company's stock valued at $1,661,000 after purchasing an additional 584 shares in the last quarter. Handelsbanken Fonder AB boosted its position in shares of United Parcel Service by 7.7% in the fourth quarter. Handelsbanken Fonder AB now owns 303,181 shares of the transportation company's stock worth $38,231,000 after buying an additional 21,688 shares during the period. Finally, Boston Financial Mangement LLC grew its holdings in shares of United Parcel Service by 2.6% during the fourth quarter. Boston Financial Mangement LLC now owns 5,978 shares of the transportation company's stock valued at $754,000 after buying an additional 152 shares in the last quarter. Hedge funds and other institutional investors own 60.26% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have commented on UPS. Loop Capital decreased their price objective on United Parcel Service from $115.00 to $105.00 and set a "hold" rating for the company in a research report on Wednesday, April 30th. Citigroup decreased their price target on shares of United Parcel Service from $149.00 to $123.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. Wells Fargo & Company reaffirmed an "equal weight" rating and set a $98.00 price objective (down from $120.00) on shares of United Parcel Service in a research report on Tuesday, April 22nd. BMO Capital Markets cut their target price on shares of United Parcel Service from $130.00 to $125.00 and set an "outperform" rating for the company in a research report on Wednesday, April 30th. Finally, Wolfe Research decreased their target price on shares of United Parcel Service from $133.00 to $113.00 and set an "outperform" rating for the company in a research note on Wednesday, April 9th. Two equities research analysts have rated the stock with a sell rating, thirteen 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.com, the company presently has a consensus rating of "Hold" and a consensus target price of $120.26.

United Parcel Service Stock Performance

NYSE UPS traded up $0.15 during midday trading on Friday, hitting $99.36. The company had a trading volume of 11,093,220 shares, compared to its average volume of 5,189,324. The firm has a fifty day simple moving average of $97.77 and a two-hundred day simple moving average of $111.53. United Parcel Service, Inc. has a fifty-two week low of $90.55 and a fifty-two week high of $148.15. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.24. The stock has a market cap of $84.14 billion, a price-to-earnings ratio of 14.48, a P/E/G ratio of 1.74 and a beta of 1.22.

United Parcel Service (NYSE:UPS - Get Free Report) last issued its quarterly 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 for the quarter, compared to analyst estimates of $21.25 billion. During the same period in the previous year, the company posted $1.43 earnings per share. The company's quarterly revenue was down .9% compared to the same quarter last year. Equities analysts forecast that United Parcel Service, Inc. will post 7.95 earnings per share for the current fiscal year.

United Parcel Service Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, June 5th. Investors of record on Monday, May 19th were given a $1.64 dividend. The ex-dividend date was Monday, May 19th. This represents a $6.56 annualized dividend and a yield of 6.60%. United Parcel Service's dividend payout ratio (DPR) is currently 95.63%.

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.