OneDigital Investment Advisors LLC Reduces Holdings in United Parcel Service, Inc. (NYSE:UPS)

OneDigital Investment Advisors LLC trimmed its stake in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 12.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 28,795 shares of the transportation company's stock after selling 4,281 shares during the quarter. OneDigital Investment Advisors LLC's holdings in United Parcel Service were worth $3,167,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Garde Capital Inc. purchased a new position in United Parcel Service during the 1st quarter valued at about $37,000. Golden State Wealth Management LLC raised its holdings in United Parcel Service by 61.3% during the 1st quarter. Golden State Wealth Management LLC now owns 1,576 shares of the transportation company's stock valued at $173,000 after buying an additional 599 shares during the last quarter. CWA Asset Management Group LLC raised its holdings in United Parcel Service by 5.9% during the 1st quarter. CWA Asset Management Group LLC now owns 3,467 shares of the transportation company's stock valued at $381,000 after buying an additional 193 shares during the last quarter. Advisor Resource Council bought a new position in shares of United Parcel Service during the first quarter valued at approximately $437,000. Finally, Clark Capital Management Group Inc. grew its stake in United Parcel Service by 14.4% in the fourth quarter. Clark Capital Management Group Inc. now owns 11,427 shares of the transportation company's stock worth $1,441,000 after purchasing an additional 1,440 shares during the period. Institutional investors own 60.26% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on UPS. BNP Paribas Exane raised United Parcel Service from an "underperform" rating to a "neutral" rating and set a $100.00 price objective on the stock in a research note on Thursday, July 3rd. Susquehanna cut 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. Hsbc Global Res downgraded United Parcel Service from a "strong-buy" rating to a "hold" rating in a report on Thursday, May 1st. Truist Financial dropped their price target on United Parcel Service from $140.00 to $130.00 and set a "buy" rating on the stock in a research report on Thursday, April 24th. Finally, Raymond James Financial reduced their target price on United Parcel Service from $145.00 to $130.00 and set a "strong-buy" rating on the stock in a research note on Wednesday, April 9th. Two equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $119.13.

United Parcel Service Price Performance

UPS stock traded up $0.17 during midday trading on Wednesday, reaching $102.55. 2,420,031 shares of the stock were exchanged, compared to its average volume of 5,232,629. The stock has a market capitalization of $86.84 billion, a PE ratio of 14.95, a P/E/G ratio of 1.95 and a beta of 1.21. United Parcel Service, Inc. has a 52 week low of $90.55 and a 52 week high of $148.15. The company has a fifty day moving average price of $99.02 and a 200 day moving average price of $109.43. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.09 and a quick ratio of 1.09.

United Parcel Service (NYSE:UPS - Get Free Report) last issued its quarterly earnings data 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. United Parcel Service had a return on equity of 40.15% and a net margin of 6.44%. The company had revenue of $21.50 billion for the quarter, compared to the consensus estimate of $21.25 billion. During the same quarter last year, the business posted $1.43 earnings per share. The firm's revenue was down .9% compared to the same quarter last year. As a group, analysts expect that United Parcel Service, Inc. will post 7.95 EPS 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. Shareholders of record on Monday, May 19th were paid a $1.64 dividend. The ex-dividend date of this dividend was Monday, May 19th. This represents a $6.56 dividend on an annualized basis and a yield of 6.40%. United Parcel Service's payout ratio is presently 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.