KMG Fiduciary Partners LLC Has $2.88 Million Stock Holdings in United Parcel Service, Inc. (NYSE:UPS)

KMG Fiduciary Partners LLC lessened its position in United Parcel Service, Inc. (NYSE:UPS - Free Report) by 29.4% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 26,175 shares of the transportation company's stock after selling 10,908 shares during the period. KMG Fiduciary Partners LLC's holdings in United Parcel Service were worth $2,879,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Quent Capital LLC raised its stake in shares of United Parcel Service by 16.7% in the 4th quarter. Quent Capital LLC now owns 558 shares of the transportation company's stock worth $70,000 after buying an additional 80 shares in the last quarter. Altus Wealth Group LLC grew its holdings in shares of United Parcel Service by 4.6% in the 4th quarter. Altus Wealth Group LLC now owns 2,022 shares of the transportation company's stock worth $255,000 after acquiring an additional 89 shares during the last quarter. Alliance Wealth Advisors LLC grew its holdings in shares of United Parcel Service by 3.8% in the 4th quarter. Alliance Wealth Advisors LLC now owns 2,559 shares of the transportation company's stock worth $323,000 after acquiring an additional 94 shares during the last quarter. Morningstar Investment Management LLC grew its holdings in shares of United Parcel Service by 1.9% in the 4th quarter. Morningstar Investment Management LLC now owns 5,052 shares of the transportation company's stock worth $637,000 after acquiring an additional 95 shares during the last quarter. Finally, Colonial Trust Co SC grew its holdings in shares of United Parcel Service by 1.4% in the 4th quarter. Colonial Trust Co SC now owns 7,227 shares of the transportation company's stock worth $911,000 after acquiring an additional 98 shares during the last quarter. Institutional investors own 60.26% of the company's stock.

United Parcel Service Stock Performance

United Parcel Service stock traded up $1.37 during trading hours on Friday, reaching $98.24. 3,041,147 shares of the company were exchanged, compared to its average volume of 5,162,779. The firm has a market cap of $83.19 billion, a price-to-earnings ratio of 14.53, a PEG ratio of 1.55 and a beta of 1.22. The company has a current ratio of 1.17, a quick ratio of 1.14 and a debt-to-equity ratio of 1.16. The stock has a 50-day moving average of $97.32 and a 200 day moving average of $113.86. United Parcel Service, Inc. has a 12 month low of $90.55 and a 12 month high of $148.15.

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, topping analysts' consensus estimates of $1.38 by $0.11. The firm had revenue of $21.50 billion during the quarter, compared to analysts' expectations of $21.25 billion. United Parcel Service had a return on equity of 39.13% and a net margin of 6.35%. The company's revenue was down .9% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.43 earnings per share. As a group, research analysts anticipate that United Parcel Service, Inc. will post 7.95 earnings per share for the current year.

United Parcel Service Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 5th. Investors of record on Monday, May 19th were given a dividend of $1.64 per share. The ex-dividend date of this dividend was Monday, May 19th. This represents a $6.56 annualized dividend and a dividend yield of 6.68%. United Parcel Service's dividend payout ratio is presently 95.63%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on UPS. Oppenheimer decreased their target price on United Parcel Service from $126.00 to $114.00 and set an "outperform" rating on the stock in a report on Wednesday, April 30th. Deutsche Bank Aktiengesellschaft began coverage on United Parcel Service in a report on Friday, March 7th. They issued a "hold" rating and a $119.00 target price on the stock. HSBC cut United Parcel Service from a "buy" rating to a "hold" rating and set a $105.00 target price on the stock. in a report on Thursday, May 1st. Raymond James decreased their target price on 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. Finally, JPMorgan Chase & Co. decreased 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. Two research analysts have rated the stock with a sell rating, thirteen have given a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $120.26.

About United Parcel Service

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.