Capital Investment Advisors LLC Sells 26,954 Shares of United Parcel Service, Inc. (NYSE:UPS)

Capital Investment Advisors LLC decreased its position in United Parcel Service, Inc. (NYSE:UPS - Free Report) by 14.1% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 163,741 shares of the transportation company's stock after selling 26,954 shares during the period. Capital Investment Advisors LLC's holdings in United Parcel Service were worth $18,010,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in UPS. Allspring Global Investments Holdings LLC raised its position in shares of United Parcel Service by 27.2% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 131,623 shares of the transportation company's stock worth $16,304,000 after buying an additional 28,108 shares in the last quarter. Global Wealth Management Investment Advisory Inc. boosted its holdings in shares of United Parcel Service by 42.5% in the fourth quarter. Global Wealth Management Investment Advisory Inc. now owns 34,113 shares of the transportation company's stock valued at $4,302,000 after acquiring an additional 10,176 shares in the last quarter. PUREfi Wealth LLC acquired a new position in shares of United Parcel Service during the fourth quarter valued at approximately $737,000. TFG Advisers LLC increased its stake in shares of United Parcel Service by 5.1% during the fourth quarter. TFG Advisers LLC now owns 7,800 shares of the transportation company's stock valued at $984,000 after acquiring an additional 375 shares during the period. Finally, Clark Capital Management Group Inc. lifted its position in United Parcel Service by 14.4% in the fourth quarter. Clark Capital Management Group Inc. now owns 11,427 shares of the transportation company's stock worth $1,441,000 after purchasing an additional 1,440 shares during the period. Institutional investors and hedge funds own 60.26% of the company's stock.

Analyst Ratings Changes

A number of research firms have recently commented on UPS. Wall Street Zen downgraded United Parcel Service from a "buy" rating to a "hold" rating in a research note on Wednesday, May 7th. JPMorgan Chase & Co. cut their price target on shares of United Parcel Service from $120.00 to $115.00 and set a "neutral" rating for the company in a report on Monday, April 7th. Raymond James lowered their price objective on shares of United Parcel Service from $145.00 to $130.00 and set a "strong-buy" rating on the stock in a research note on Wednesday, April 9th. Barclays cut 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 research note on Monday, March 31st. Finally, Deutsche Bank Aktiengesellschaft started coverage on shares of United Parcel Service in a research report on Friday, March 7th. They issued a "hold" rating and a $119.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, thirteen have given a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $120.26.

United Parcel Service Price Performance

UPS stock traded up $1.37 during trading on Friday, reaching $98.24. 3,041,147 shares of the company were exchanged, compared to its average volume of 5,162,779. The company has a market capitalization of $83.19 billion, a price-to-earnings ratio of 14.53, a P/E/G ratio of 1.55 and a beta of 1.22. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.17 and a quick ratio of 1.14. The company has a 50-day moving average of $97.32 and a two-hundred day moving average of $113.86. United Parcel Service, Inc. has a twelve month low of $90.55 and a twelve 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, beating analysts' consensus estimates of $1.38 by $0.11. United Parcel Service had a return on equity of 39.13% and a net margin of 6.35%. The company had revenue of $21.50 billion during the quarter, compared to analysts' expectations of $21.25 billion. During the same period in the prior year, the company earned $1.43 EPS. United Parcel Service's revenue was down .9% compared to the same quarter last year. As a group, equities analysts predict 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 announced a quarterly dividend, which was paid on Thursday, June 5th. Shareholders of record on Monday, May 19th were given a $1.64 dividend. The ex-dividend date was Monday, May 19th. This represents a $6.56 annualized dividend and a yield of 6.68%. United Parcel Service's dividend payout ratio 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.