Avantax Planning Partners Inc. Has $4.67 Million Stock Holdings in United Parcel Service, Inc. (NYSE:UPS)

Avantax Planning Partners Inc. increased its position in United Parcel Service, Inc. (NYSE:UPS - Free Report) by 8.9% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 42,455 shares of the transportation company's stock after purchasing an additional 3,456 shares during the quarter. Avantax Planning Partners Inc.'s holdings in United Parcel Service were worth $4,670,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of UPS. Brighton Jones LLC boosted its holdings in shares of United Parcel Service by 63.8% in the 4th quarter. Brighton Jones LLC now owns 12,126 shares of the transportation company's stock valued at $1,529,000 after buying an additional 4,723 shares during the period. SBI Securities Co. Ltd. bought a new position in United Parcel Service in the 4th quarter valued at about $177,000. Steward Partners Investment Advisory LLC increased its stake in shares of United Parcel Service by 3.4% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 70,388 shares of the transportation company's stock valued at $8,876,000 after acquiring an additional 2,315 shares during the period. Victory Capital Management Inc. raised its stake in shares of United Parcel Service by 73.7% in the 4th quarter. Victory Capital Management Inc. now owns 1,083,918 shares of the transportation company's stock worth $136,682,000 after buying an additional 459,854 shares in the last quarter. Finally, Assetmark Inc. boosted its position in shares of United Parcel Service by 23.9% during the 4th quarter. Assetmark Inc. now owns 100,212 shares of the transportation company's stock valued at $12,637,000 after purchasing an additional 19,326 shares in the last quarter. 60.26% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on UPS. Wolfe Research decreased their target price on United Parcel Service from $133.00 to $113.00 and set an "outperform" rating for the company in a research report on Wednesday, April 9th. Galvan Research dropped their target price on shares of United Parcel Service from $147.00 to $133.00 and set a "buy" rating on the stock in a report on Wednesday, April 9th. 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. Susquehanna cut their target price on 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. Finally, BNP Paribas upgraded United Parcel Service to a "hold" rating in a research report on Thursday. Two investment 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, the company currently has an average rating of "Hold" and a consensus price target of $119.29.

United Parcel Service Stock Performance

NYSE UPS traded down $1.30 during trading on Friday, reaching $104.24. The company's stock had a trading volume of 2,961,254 shares, compared to its average volume of 5,219,802. The firm has a 50 day moving average price of $98.70 and a 200 day moving average price of $110.00. 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 capitalization of $88.27 billion, a price-to-earnings ratio of 15.20, a price-to-earnings-growth ratio of 2.01 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.

United Parcel Service (NYSE:UPS - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The transportation company reported $1.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.38 by $0.11. United Parcel Service had a return on equity of 40.15% and a net margin of 6.44%. The business had revenue of $21.50 billion during the quarter, compared to analysts' expectations of $21.25 billion. During the same period in the previous year, the company posted $1.43 earnings per share. The firm's revenue for the quarter was down .9% compared to the same quarter last year. As a group, equities analysts anticipate that United Parcel Service, Inc. will post 7.95 EPS for the current fiscal year.

United Parcel Service Announces Dividend

The business also recently announced 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. This represents a $6.56 annualized dividend and a dividend yield of 6.29%. The ex-dividend date was Monday, May 19th. United Parcel Service's dividend payout ratio (DPR) is currently 95.63%.

United Parcel Service Company 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.