Wealthfront Advisers LLC Has $5.32 Million Position in United Parcel Service, Inc. (NYSE:UPS)

Wealthfront Advisers LLC grew its stake in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 33.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 48,351 shares of the transportation company's stock after buying an additional 11,998 shares during the quarter. Wealthfront Advisers LLC's holdings in United Parcel Service were worth $5,318,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Brighton Jones LLC increased its position in shares of United Parcel Service by 63.8% during the 4th quarter. Brighton Jones LLC now owns 12,126 shares of the transportation company's stock valued at $1,529,000 after purchasing an additional 4,723 shares during the period. Proficio Capital Partners LLC bought a new position in United Parcel Service during the fourth quarter valued at about $219,000. Madison Investment Advisors LLC bought a new position in United Parcel Service during the fourth quarter valued at about $9,115,000. Evoke Wealth LLC grew its holdings in United Parcel Service by 25.7% during the fourth quarter. Evoke Wealth LLC now owns 2,399 shares of the transportation company's stock worth $303,000 after acquiring an additional 491 shares during the period. Finally, VSM Wealth Advisory LLC bought a new stake in United Parcel Service in the fourth quarter worth about $55,000. 60.26% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have recently weighed in on UPS. Wells Fargo & Company restated an "equal weight" rating and set a $98.00 price objective (down previously from $120.00) on shares of United Parcel Service in a research report on Tuesday, April 22nd. Barclays reduced their target price on shares of United Parcel Service from $100.00 to $90.00 and set an "underweight" rating for the company in a report on Monday, March 31st. Wall Street Zen lowered shares of United Parcel Service from a "buy" rating to a "hold" rating in a research report on Wednesday, May 7th. Hsbc Global Res cut United Parcel Service from a "strong-buy" rating to a "hold" rating in a report on Thursday, May 1st. Finally, Bank of America raised their price objective on United Parcel Service from $111.00 to $115.00 and gave the stock a "buy" rating in a research note on Friday, May 16th. Two equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $119.13.

United Parcel Service Stock Down 0.3%

UPS stock traded down $0.29 during midday trading on Friday, reaching $99.21. The company had a trading volume of 4,569,313 shares, compared to its average volume of 5,264,895. The company has a market capitalization of $84.01 billion, a P/E ratio of 14.46, a PEG ratio of 1.91 and a beta of 1.21. United Parcel Service, Inc. has a 1 year low of $90.55 and a 1 year high of $146.17. 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 company has a 50 day moving average of $99.79 and a two-hundred day moving average of $108.33.

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 for the quarter, beating analysts' consensus estimates of $1.38 by $0.11. The business had revenue of $21.50 billion for the quarter, compared to the consensus estimate 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 was down .9% compared to the same quarter last year. During the same period last year, the business earned $1.43 EPS. On average, equities research analysts expect 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. Investors of record on Monday, May 19th were issued a dividend of $1.64 per share. This represents a $6.56 annualized dividend and a dividend yield of 6.61%. The ex-dividend date of this dividend was Monday, May 19th. 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.