United Parcel Service, Inc. (NYSE:UPS) Shares Sold by Fullcircle Wealth LLC

Fullcircle Wealth LLC trimmed its position in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 10.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 88,923 shares of the transportation company's stock after selling 10,549 shares during the quarter. United Parcel Service makes up about 4.0% of Fullcircle Wealth LLC's investment portfolio, making the stock its 2nd biggest position. Fullcircle Wealth LLC's holdings in United Parcel Service were worth $9,781,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in UPS. IMG Wealth Management Inc. bought a new stake in United Parcel Service during the fourth quarter worth about $25,000. Generali Investments Management Co LLC acquired a new position in shares of United Parcel Service during the fourth quarter worth approximately $26,000. Pinney & Scofield Inc. acquired a new position in shares of United Parcel Service during the fourth quarter worth approximately $27,000. Citizens National Bank Trust Department lifted its position in shares of United Parcel Service by 525.0% during the first quarter. Citizens National Bank Trust Department now owns 250 shares of the transportation company's stock worth $27,000 after purchasing an additional 210 shares in the last quarter. Finally, Fourth Dimension Wealth LLC acquired a new position in United Parcel Service in the fourth quarter valued at approximately $28,000. 60.26% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on UPS. Raymond James Financial cut their price objective on shares of United Parcel Service from $145.00 to $130.00 and set a "strong-buy" rating on the stock in a report on Wednesday, April 9th. Loop Capital lowered their price target on shares of United Parcel Service from $115.00 to $105.00 and set a "hold" rating on the stock in a research note on Wednesday, April 30th. Citigroup lowered their price target on shares of United Parcel Service from $149.00 to $123.00 and set a "buy" rating on the stock in a research note on Tuesday, April 8th. Wolfe Research lowered their price objective on shares of United Parcel Service from $133.00 to $113.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 9th. Finally, UBS Group decreased their price target on shares of United Parcel Service from $128.00 to $124.00 and set a "buy" rating on the stock in a research note on Wednesday, July 2nd. Two analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, United Parcel Service presently has an average rating of "Hold" and a consensus target price of $119.29.

United Parcel Service Stock Up 2.0%

Shares of United Parcel Service stock traded up $2.01 during trading on Tuesday, hitting $102.86. 1,296,558 shares of the stock traded hands, compared to its average volume of 5,212,837. The firm has a market cap of $87.11 billion, a P/E ratio of 14.99, a price-to-earnings-growth ratio of 2.01 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 stock's fifty day simple moving average is $98.91 and its 200 day simple moving average is $109.48. United Parcel Service, Inc. has a 52-week low of $90.55 and a 52-week high of $148.15.

United Parcel Service (NYSE:UPS - Get Free Report) last released its quarterly 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 net margin of 6.44% and a return on equity of 40.15%. The business 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 earned $1.43 earnings per share. The business's revenue for the quarter was down .9% on a year-over-year basis. On average, equities analysts predict that United Parcel Service, Inc. will post 7.95 earnings per share for the current fiscal year.

United Parcel Service Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 5th. Stockholders of record on Monday, May 19th were paid 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 dividend yield of 6.38%. United Parcel Service's payout ratio is 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.