AE Wealth Management LLC Raises Stock Position in United Parcel Service, Inc. (NYSE:UPS)

AE Wealth Management LLC lifted its stake in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 142.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 44,827 shares of the transportation company's stock after acquiring an additional 26,360 shares during the quarter. AE Wealth Management LLC's holdings in United Parcel Service were worth $4,931,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Norges Bank acquired a new position in shares of United Parcel Service during the fourth quarter worth $1,075,393,000. Franklin Resources Inc. grew its stake in shares of United Parcel Service by 15.6% during the fourth quarter. Franklin Resources Inc. now owns 10,979,909 shares of the transportation company's stock worth $1,384,567,000 after purchasing an additional 1,484,452 shares in the last quarter. Castlekeep Investment Advisors LLC acquired a new position in shares of United Parcel Service during the fourth quarter worth $145,846,000. Price T Rowe Associates Inc. MD grew its stake in shares of United Parcel Service by 19.7% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 6,463,930 shares of the transportation company's stock worth $815,102,000 after purchasing an additional 1,064,293 shares in the last quarter. Finally, Janus Henderson Group PLC grew its stake in shares of United Parcel Service by 316.7% during the fourth quarter. Janus Henderson Group PLC now owns 1,122,886 shares of the transportation company's stock worth $141,581,000 after purchasing an additional 853,388 shares in the last quarter. Hedge funds and other institutional investors own 60.26% of the company's stock.

United Parcel Service Stock Performance

NYSE:UPS traded up $1.06 during mid-day trading on Friday, reaching $103.59. The stock had a trading volume of 5,471,470 shares, compared to its average volume of 4,516,731. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.09 and a current ratio of 1.09. The firm has a market capitalization of $87.72 billion, a price-to-earnings ratio of 15.10, a PEG ratio of 1.97 and a beta of 1.21. United Parcel Service, Inc. has a twelve month low of $90.55 and a twelve month high of $145.01. The business has a 50 day simple moving average of $100.01 and a 200 day simple moving average of $107.36.

United Parcel Service (NYSE:UPS - Get Free Report) last issued its 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. United Parcel Service had a net margin of 6.44% and a return on equity of 40.15%. The company had revenue of $21.50 billion during the quarter, compared to analysts' expectations of $21.25 billion. During the same period last year, the company posted $1.43 earnings per share. The firm's quarterly revenue was down .9% compared to the same quarter last year. On average, 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 business also recently announced a quarterly dividend, which was paid on Thursday, June 5th. Shareholders of record on Monday, May 19th were issued a $1.64 dividend. The ex-dividend date was Monday, May 19th. This represents a $6.56 dividend on an annualized basis and a yield of 6.33%. United Parcel Service's dividend payout ratio (DPR) is presently 95.63%.

Analysts Set New Price Targets

A number of brokerages recently commented on UPS. Susquehanna lowered their target price on shares of United Parcel Service from $120.00 to $110.00 and set a "neutral" rating for the company in a research note on Wednesday, April 30th. Barclays decreased their price objective on shares of United Parcel Service from $100.00 to $90.00 and set an "underweight" rating for the company in a research note on Monday, March 31st. JPMorgan Chase & Co. decreased their price objective on shares of United Parcel Service from $110.00 to $107.00 and set a "neutral" rating for the company in a research note on Tuesday, July 8th. Oppenheimer decreased their price objective on shares of United Parcel Service from $126.00 to $114.00 and set an "outperform" rating for the company in a research note on Wednesday, April 30th. Finally, Loop Capital decreased their price objective 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. Two research analysts have rated the stock with a sell rating, fourteen have given 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 has a consensus rating of "Hold" and an average target price of $118.22.

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.