OneDigital Investment Advisors LLC Trims Stock Position in United Parcel Service, Inc. (NYSE:UPS)

OneDigital Investment Advisors LLC lessened its holdings in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 12.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. 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 quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in UPS. Brighton Jones LLC lifted its position in shares of United Parcel Service by 63.8% during the fourth quarter. Brighton Jones LLC now owns 12,126 shares of the transportation company's stock worth $1,529,000 after purchasing an additional 4,723 shares during the last quarter. Proficio Capital Partners LLC bought a new position in United Parcel Service in the fourth quarter worth approximately $219,000. Freestone Capital Holdings LLC grew its stake in United Parcel Service by 4.6% in the fourth quarter. Freestone Capital Holdings LLC now owns 3,387 shares of the transportation company's stock valued at $427,000 after purchasing an additional 150 shares during the last quarter. Vestmark Advisory Solutions Inc. raised its stake in shares of United Parcel Service by 1.0% during the 4th quarter. Vestmark Advisory Solutions Inc. now owns 19,227 shares of the transportation company's stock worth $2,425,000 after acquiring an additional 199 shares in the last quarter. Finally, E Fund Management Co. Ltd. acquired a new position in shares of United Parcel Service during the fourth quarter worth $228,000. Institutional investors own 60.26% of the company's stock.

Wall Street Analyst Weigh In

UPS has been the topic of a number of research reports. JPMorgan Chase & Co. cut their price objective on United Parcel Service from $110.00 to $107.00 and set a "neutral" rating on the stock in a report on Tuesday. BNP Paribas upgraded United Parcel Service to a "hold" rating in a research report on Thursday, July 3rd. Susquehanna dropped their target price on shares of United Parcel Service from $120.00 to $110.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 30th. Wells Fargo & Company reissued an "equal weight" rating and issued a $98.00 price objective (down from $120.00) on shares of United Parcel Service in a research note on Tuesday, April 22nd. Finally, 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. 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 given a strong buy rating to the company. Based on data from MarketBeat, United Parcel Service presently has an average rating of "Hold" and an average target price of $118.96.

United Parcel Service Stock Up 1.5%

NYSE:UPS traded up $1.53 during mid-day trading on Tuesday, hitting $102.38. The stock had a trading volume of 6,510,769 shares, compared to its average volume of 5,243,001. The company has a market capitalization of $86.70 billion, a PE ratio of 14.92, a PEG ratio of 1.95 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 has a 50-day simple moving average of $98.91 and a two-hundred day simple moving average of $109.48. United Parcel Service, Inc. has a twelve month low of $90.55 and a twelve month high of $148.15.

United Parcel Service (NYSE:UPS - Get Free Report) last announced 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 analyst estimates of $21.25 billion. During the same period last year, the business earned $1.43 EPS. United Parcel Service's revenue for the quarter was down .9% compared to the same quarter last year. On average, equities research analysts anticipate that United Parcel Service, Inc. will post 7.95 EPS for the current year.

United Parcel Service Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 5th. Stockholders 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 dividend on an annualized basis and a dividend yield of 6.41%. United Parcel Service's dividend payout ratio (DPR) is presently 95.63%.

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.