Kestra Private Wealth Services LLC Sells 21,344 Shares of United Parcel Service, Inc. (NYSE:UPS)

Kestra Private Wealth Services LLC lowered its stake in United Parcel Service, Inc. (NYSE:UPS - Free Report) by 27.1% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 57,508 shares of the transportation company's stock after selling 21,344 shares during the quarter. Kestra Private Wealth Services LLC's holdings in United Parcel Service were worth $6,325,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Pinney & Scofield Inc. bought a new stake in United Parcel Service during the fourth quarter worth $27,000. Fourth Dimension Wealth LLC bought a new position in shares of United Parcel Service in the 4th quarter valued at $28,000. Runnymede Capital Advisors Inc. bought a new position in shares of United Parcel Service in the 4th quarter valued at $30,000. Graybill Wealth Management LTD. acquired a new stake in United Parcel Service in the first quarter valued at $26,000. Finally, Marshall & Sterling Wealth Advisors Inc. acquired a new stake in United Parcel Service in the fourth quarter valued at $31,000. Institutional investors and hedge funds own 60.26% of the company's stock.

United Parcel Service Trading Down 0.3%

Shares of NYSE:UPS traded down $0.29 during midday trading on Friday, hitting $99.21. 4,569,313 shares of the stock traded hands, compared to its average volume of 5,273,696. The stock has a market capitalization of $84.01 billion, a PE ratio of 14.46, a P/E/G ratio of 1.91 and a beta of 1.21. The business's 50 day moving average is $99.85 and its two-hundred day moving average is $108.02. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.24. United Parcel Service, Inc. has a one year low of $90.55 and a one year high of $146.17.

United Parcel Service (NYSE:UPS - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The transportation company reported $1.49 EPS for the quarter, topping the consensus estimate of $1.38 by $0.11. The business had revenue of $21.50 billion during the quarter, compared to analyst estimates of $21.25 billion. United Parcel Service had a net margin of 6.44% and a return on equity of 40.15%. United Parcel Service's quarterly revenue was down .9% compared to the same quarter last year. During the same period last year, the business posted $1.43 earnings per share. As a group, research analysts forecast that United Parcel Service, Inc. will post 7.95 earnings per share for the current year.

United Parcel Service Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 5th. Shareholders of record on Monday, May 19th were paid a dividend of $1.64 per share. This represents a $6.56 dividend on an annualized basis and a dividend yield of 6.61%. The ex-dividend date was Monday, May 19th. United Parcel Service's dividend payout ratio is 95.63%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on UPS. Truist Financial decreased their price objective on United Parcel Service from $140.00 to $130.00 and set a "buy" rating for the company in a report on Thursday, April 24th. Wall Street Zen downgraded United Parcel Service from a "buy" rating to a "hold" rating in a report on Wednesday, May 7th. Susquehanna decreased their price target on United Parcel Service from $120.00 to $110.00 and set a "neutral" rating for the company in a report on Wednesday, April 30th. Wells Fargo & Company reiterated an "equal weight" rating and set a $98.00 price target (down from $120.00) on shares of United Parcel Service in a report on Tuesday, April 22nd. Finally, Loop Capital decreased their price target on United Parcel Service from $115.00 to $105.00 and set a "hold" rating for the company in a report on Wednesday, April 30th. Two research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $119.13.

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.