Envestnet Asset Management Inc. Acquires 166,406 Shares of United Parcel Service, Inc. (NYSE:UPS)

Envestnet Asset Management Inc. boosted its stake in United Parcel Service, Inc. (NYSE:UPS - Free Report) by 12.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,463,762 shares of the transportation company's stock after purchasing an additional 166,406 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.17% of United Parcel Service worth $160,999,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in the stock. Altus Wealth Group LLC boosted its stake in United Parcel Service by 4.6% in the 4th quarter. Altus Wealth Group LLC now owns 2,022 shares of the transportation company's stock worth $255,000 after purchasing an additional 89 shares during the period. Colonial Trust Co SC boosted its stake in United Parcel Service by 1.4% in the 4th quarter. Colonial Trust Co SC now owns 7,227 shares of the transportation company's stock worth $911,000 after purchasing an additional 98 shares during the period. Juncture Wealth Strategies LLC boosted its stake in United Parcel Service by 2.5% in the 1st quarter. Juncture Wealth Strategies LLC now owns 4,124 shares of the transportation company's stock worth $454,000 after purchasing an additional 101 shares during the period. TCV Trust & Wealth Management Inc. boosted its stake in United Parcel Service by 1.4% in the 1st quarter. TCV Trust & Wealth Management Inc. now owns 7,544 shares of the transportation company's stock worth $830,000 after purchasing an additional 103 shares during the period. Finally, Cohen & Steers Inc. boosted its stake in United Parcel Service by 5.3% in the 4th quarter. Cohen & Steers Inc. now owns 2,054 shares of the transportation company's stock worth $259,000 after purchasing an additional 104 shares during the period. Institutional investors own 60.26% of the company's stock.

United Parcel Service Trading Down 1.6%

United Parcel Service stock traded down $1.63 during trading hours on Friday, reaching $101.29. The company had a trading volume of 4,288,807 shares, compared to its average volume of 6,019,999. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.09 and a quick ratio of 1.09. The company has a 50-day moving average price of $99.32 and a 200 day moving average price of $109.23. The firm has a market cap of $85.77 billion, a price-to-earnings ratio of 14.77, a P/E/G ratio of 1.96 and a beta of 1.21. United Parcel Service, Inc. has a 12-month low of $90.55 and a 12-month high of $148.15.

United Parcel Service (NYSE:UPS - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The transportation company reported $1.49 EPS for the quarter, topping analysts' consensus estimates of $1.38 by $0.11. The business had revenue of $21.50 billion for 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 business's quarterly revenue was down .9% on a year-over-year basis. During the same period in the previous year, the firm earned $1.43 EPS. Equities analysts forecast that United Parcel Service, Inc. will post 7.95 earnings per share for the current year.

United Parcel Service Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, June 5th. Shareholders of record on Monday, May 19th were paid a $1.64 dividend. The ex-dividend date of this dividend was Monday, May 19th. This represents a $6.56 dividend on an annualized basis and a yield of 6.48%. United Parcel Service's dividend payout ratio (DPR) is currently 95.63%.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on UPS shares. UBS Group lowered their price target on United Parcel Service from $128.00 to $124.00 and set a "buy" rating on the stock in a report on Wednesday, July 2nd. Hsbc Global Res cut United Parcel Service from a "strong-buy" rating to a "hold" rating in a report on Thursday, May 1st. Bank of America raised their price target on United Parcel Service from $111.00 to $115.00 and gave the company a "buy" rating in a report on Friday, May 16th. Raymond James Financial lowered their price target on United Parcel Service from $145.00 to $130.00 and set a "strong-buy" rating on the stock in a report on Wednesday, April 9th. Finally, Wells Fargo & Company reaffirmed an "equal weight" rating and issued a $98.00 price target (down previously from $120.00) on shares of United Parcel Service in a report on Tuesday, April 22nd. Two equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $119.13.

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.