Leo Wealth LLC Has $247,000 Stock Holdings in United Parcel Service, Inc. (NYSE:UPS)

Leo Wealth LLC cut its stake in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 55.1% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 2,245 shares of the transportation company's stock after selling 2,750 shares during the period. Leo Wealth LLC's holdings in United Parcel Service were worth $247,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Colonial Trust Co SC raised its position in shares of United Parcel Service by 1.4% during the 4th quarter. Colonial Trust Co SC now owns 7,227 shares of the transportation company's stock valued at $911,000 after acquiring an additional 98 shares in the last quarter. Juncture Wealth Strategies LLC raised its position in shares of United Parcel Service by 2.5% during the 1st quarter. Juncture Wealth Strategies LLC now owns 4,124 shares of the transportation company's stock valued at $454,000 after acquiring an additional 101 shares in the last quarter. TCV Trust & Wealth Management Inc. raised its position in shares of United Parcel Service by 1.4% during the 1st quarter. TCV Trust & Wealth Management Inc. now owns 7,544 shares of the transportation company's stock valued at $830,000 after acquiring an additional 103 shares in the last quarter. Cohen & Steers Inc. raised its position in shares of United Parcel Service by 5.3% during the 4th quarter. Cohen & Steers Inc. now owns 2,054 shares of the transportation company's stock valued at $259,000 after acquiring an additional 104 shares in the last quarter. Finally, Diligent Investors LLC raised its position in shares of United Parcel Service by 1.7% during the 4th quarter. Diligent Investors LLC now owns 6,722 shares of the transportation company's stock valued at $848,000 after acquiring an additional 111 shares in the last quarter. 60.26% of the stock is owned by institutional investors and hedge funds.

United Parcel Service Stock Down 0.6%

UPS traded down $0.59 during trading on Tuesday, hitting $99.53. The company had a trading volume of 4,029,152 shares, compared to its average volume of 5,252,004. The firm's 50-day moving average price is $99.51 and its 200 day moving average price is $108.63. 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 $148.15. The company has a market capitalization of $84.28 billion, a PE ratio of 14.51, a PEG ratio of 1.95 and a beta of 1.21.

United Parcel Service (NYSE:UPS - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The transportation company reported $1.49 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 firm had revenue of $21.50 billion for the quarter, compared to analysts' expectations of $21.25 billion. During the same period in the previous year, the firm posted $1.43 EPS. The company's revenue for the quarter was down .9% on a year-over-year basis. As a group, equities analysts expect 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 declared a quarterly dividend, which was paid on Thursday, June 5th. Shareholders of record on Monday, May 19th were given a dividend of $1.64 per share. The ex-dividend date was Monday, May 19th. This represents a $6.56 annualized dividend and a yield of 6.59%. United Parcel Service's dividend payout ratio (DPR) is presently 95.63%.

Analyst Ratings Changes

A number of brokerages recently commented on UPS. Barclays lowered their price objective on United Parcel Service from $100.00 to $90.00 and set an "underweight" rating for the company in a research note on Monday, March 31st. Loop Capital dropped 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 report on Wednesday, April 30th. BMO Capital Markets decreased their price objective on shares of United Parcel Service from $130.00 to $125.00 and set an "outperform" rating for the company in a report on Wednesday, April 30th. Hsbc Global Res cut United Parcel Service from a "strong-buy" rating to a "hold" rating in a report on Thursday, May 1st. Finally, Stifel Nicolaus dropped their target price on United Parcel Service from $145.00 to $124.00 and set a "buy" rating on the stock in a report on Wednesday, April 30th. Two equities 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 assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $119.13.

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.