RFG Advisory LLC Lowers Stake in United Parcel Service, Inc. (NYSE:UPS)

RFG Advisory LLC reduced its holdings in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 29.8% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 9,042 shares of the transportation company's stock after selling 3,847 shares during the period. RFG Advisory LLC's holdings in United Parcel Service were worth $995,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. InvesTrust grew its position in United Parcel Service by 2.6% during the 1st quarter. InvesTrust now owns 39,583 shares of the transportation company's stock worth $4,354,000 after purchasing an additional 1,018 shares during the last quarter. HBW Advisory Services LLC lifted its stake in shares of United Parcel Service by 31.3% in the 1st quarter. HBW Advisory Services LLC now owns 2,448 shares of the transportation company's stock worth $269,000 after acquiring an additional 584 shares during the period. Merit Financial Group LLC lifted its stake in shares of United Parcel Service by 1.7% in the 1st quarter. Merit Financial Group LLC now owns 863,030 shares of the transportation company's stock worth $94,925,000 after acquiring an additional 14,836 shares during the period. Harbor Investment Advisory LLC lifted its stake in shares of United Parcel Service by 7.6% in the 1st quarter. Harbor Investment Advisory LLC now owns 2,518 shares of the transportation company's stock worth $277,000 after acquiring an additional 178 shares during the period. Finally, O Keefe Stevens Advisory Inc. lifted its stake in shares of United Parcel Service by 30.8% in the 1st quarter. O Keefe Stevens Advisory Inc. now owns 7,154 shares of the transportation company's stock worth $787,000 after acquiring an additional 1,684 shares during the period. 60.26% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. HSBC cut shares of United Parcel Service from a "buy" rating to a "hold" rating and set a $105.00 target price for the company. in a research note on Thursday, May 1st. Wolfe Research reduced their target price on shares of United Parcel Service from $133.00 to $113.00 and set an "outperform" rating for the company in a research note on Wednesday, April 9th. Loop Capital reduced their target price on shares of United Parcel Service from $115.00 to $105.00 and set a "hold" rating for the company in a research note on Wednesday, April 30th. BMO Capital Markets reduced their target price on shares of United Parcel Service from $130.00 to $125.00 and set an "outperform" rating for the company in a research note on Wednesday, April 30th. Finally, Hsbc Global Res cut shares of United Parcel Service from a "strong-buy" rating to a "hold" rating in a research note on Thursday, May 1st. Two analysts have rated the stock with a sell rating, thirteen have issued 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 company presently has a consensus rating of "Hold" and an average target price of $120.26.

United Parcel Service Stock Performance

NYSE:UPS opened at $96.76 on Friday. 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 firm has a 50-day moving average price of $97.54 and a two-hundred day moving average price of $114.23. United Parcel Service, Inc. has a twelve month low of $90.55 and a twelve month high of $148.15. The company has a market capitalization of $81.93 billion, a P/E ratio of 14.31, a price-to-earnings-growth ratio of 1.55 and a beta of 1.23.

United Parcel Service (NYSE:UPS - Get Free Report) last posted its earnings results on Tuesday, April 29th. The transportation company reported $1.49 earnings per share for the quarter, beating the consensus estimate of $1.38 by $0.11. United Parcel Service had a net margin of 6.35% and a return on equity of 39.13%. The firm had revenue of $21.50 billion during the quarter, compared to the consensus estimate of $21.25 billion. During the same period last year, the firm posted $1.43 EPS. The firm's revenue for the quarter was down .9% on a year-over-year basis. As a group, research analysts expect that United Parcel Service, Inc. will post 7.95 earnings per share for the current fiscal year.

United Parcel Service Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, June 5th. Stockholders of record on Monday, May 19th were issued a dividend of $1.64 per share. The ex-dividend date of this dividend was Monday, May 19th. This represents a $6.56 dividend on an annualized basis and a dividend yield of 6.78%. 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.

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