Prevail Innovative Wealth Advisors LLC Has $732,000 Position in United Parcel Service, Inc. (NYSE:UPS)

Prevail Innovative Wealth Advisors LLC boosted its holdings in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 176.1% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 6,653 shares of the transportation company's stock after acquiring an additional 4,243 shares during the quarter. Prevail Innovative Wealth Advisors LLC's holdings in United Parcel Service were worth $732,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in UPS. IMG Wealth Management Inc. acquired a new position in United Parcel Service during the fourth quarter valued at approximately $25,000. Generali Investments Management Co LLC acquired a new position in United Parcel Service during the fourth quarter valued at approximately $26,000. Graybill Wealth Management LTD. acquired a new position in United Parcel Service during the first quarter valued at approximately $26,000. Pinney & Scofield Inc. acquired a new position in United Parcel Service during the fourth quarter valued at approximately $27,000. Finally, Citizens National Bank Trust Department grew its holdings in United Parcel Service by 525.0% during the first quarter. Citizens National Bank Trust Department now owns 250 shares of the transportation company's stock valued at $27,000 after purchasing an additional 210 shares during the last quarter. Institutional investors own 60.26% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. Bank of America raised their price objective on shares of United Parcel Service from $111.00 to $115.00 and gave the stock a "buy" rating in a research note on Friday, May 16th. Truist Financial lowered their price objective on shares of United Parcel Service from $140.00 to $130.00 and set a "buy" rating on the stock in a research note on Thursday, April 24th. BNP Paribas upgraded shares of United Parcel Service to a "hold" rating in a research note on Thursday, July 3rd. Hsbc Global Res downgraded shares of United Parcel Service from a "strong-buy" rating to a "hold" rating in a research note on Thursday, May 1st. Finally, Oppenheimer lowered their price objective on shares of United Parcel Service from $126.00 to $114.00 and set an "outperform" rating on the stock in a research note 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 issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $119.13.

United Parcel Service Price Performance

Shares of NYSE UPS traded down $0.65 during midday trading on Friday, reaching $98.85. 1,036,221 shares of the company traded hands, compared to its average volume of 5,243,806. The stock's 50-day simple moving average is $99.79 and its 200-day simple moving average is $108.33. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.09 and a current ratio of 1.09. United Parcel Service, Inc. has a 12 month low of $90.55 and a 12 month high of $148.15. The firm has a market cap of $83.71 billion, a PE ratio of 14.40, a PEG ratio of 1.92 and a beta of 1.21.

United Parcel Service (NYSE:UPS - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The transportation company reported $1.49 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.38 by $0.11. The business 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 40.15% and a net margin of 6.44%. The firm's revenue for the quarter was down .9% compared to the same quarter last year. During the same period in the previous year, the business posted $1.43 earnings per share. As a group, equities analysts anticipate that United Parcel Service, Inc. will post 7.95 earnings per share for the current fiscal year.

United Parcel Service Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 5th. Shareholders of record on Monday, May 19th were issued 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 6.64%. United Parcel Service's dividend payout ratio is currently 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.