First Foundation Advisors Sells 13,606 Shares of United Parcel Service, Inc. (NYSE:UPS)

Key Points

• First Foundation Advisors reduced its stake in United Parcel Service (UPS) by 4.3% during Q1, owning 305,555 shares worth approximately $33.6 million at the end of the reporting period.
• UPS recently declared a quarterly dividend of $1.64 per share, resulting in an annualized yield of 6.47% and a dividend payout ratio of 95.63%.
• The company's latest quarterly earnings reported an EPS of $1.49, surpassing analysts' expectations and contributing to a revenue of $21.50 billion for the quarter.

First Foundation Advisors lessened its position in United Parcel Service, Inc. (NYSE:UPS - Free Report) by 4.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 305,555 shares of the transportation company's stock after selling 13,606 shares during the quarter. United Parcel Service makes up 1.4% of First Foundation Advisors' investment portfolio, making the stock its 16th largest holding. First Foundation Advisors' holdings in United Parcel Service were worth $33,608,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Colonial Trust Co SC grew its stake in United Parcel Service by 1.4% during the 4th quarter. Colonial Trust Co SC now owns 7,227 shares of the transportation company's stock worth $911,000 after buying an additional 98 shares during the last quarter. Juncture Wealth Strategies LLC lifted its holdings in shares of 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 valued at $454,000 after buying an additional 101 shares during the period. TCV Trust & Wealth Management Inc. increased 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 valued at $830,000 after purchasing an additional 103 shares in the last quarter. Cohen & Steers Inc. increased 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 valued at $259,000 after purchasing an additional 104 shares in the last quarter. Finally, Diligent Investors LLC increased its stake in United Parcel Service by 1.7% in the 4th quarter. Diligent Investors LLC now owns 6,722 shares of the transportation company's stock valued at $848,000 after purchasing an additional 111 shares in the last quarter. Hedge funds and other institutional investors own 60.26% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. BNP Paribas raised United Parcel Service to a "hold" rating in a research report on Thursday, July 3rd. Redburn Atlantic lowered their price objective on United Parcel Service from $137.00 to $117.00 and set a "buy" rating for the company in a research report on Thursday, May 8th. Stifel Canada lowered their price objective on United Parcel Service from $145.00 to $124.00 in a research report on Wednesday, April 30th. Stifel Nicolaus lowered their price objective on United Parcel Service from $124.00 to $120.00 and set a "buy" rating for the company in a research report on Wednesday. Finally, DA Davidson lowered their price objective on United Parcel Service from $154.00 to $150.00 and set a "neutral" rating for the company in a research report on Wednesday, April 30th. Two research analysts have rated the stock with a sell rating, seventeen have issued a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, United Parcel Service presently has a consensus rating of "Hold" and a consensus price target of $112.81.

United Parcel Service Price Performance

Shares of United Parcel Service stock traded down $1.62 during midday trading on Friday, reaching $84.54. The company had a trading volume of 11,199,261 shares, compared to its average volume of 6,258,535. United Parcel Service, Inc. has a 1-year low of $84.28 and a 1-year high of $145.01. The company has a market capitalization of $71.59 billion, a price-to-earnings ratio of 12.58, a price-to-earnings-growth ratio of 1.51 and a beta of 1.21. The company has a current ratio of 1.32, a quick ratio of 1.09 and a debt-to-equity ratio of 1.51. The stock has a fifty day simple moving average of $99.53 and a 200 day simple moving average of $106.42.

United Parcel Service (NYSE:UPS - Get Free Report) last announced its quarterly earnings data on Tuesday, July 29th. The transportation company reported $1.55 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.56 by ($0.01). United Parcel Service had a net margin of 6.34% and a return on equity of 39.61%. The business had revenue of $21.20 billion during the quarter, compared to the consensus estimate of $20.90 billion. During the same period in the previous year, the business posted $1.79 earnings per share. United Parcel Service's revenue was down 2.7% compared to the same quarter last year. As a group, equities research analysts forecast that United Parcel Service, Inc. will post 7.95 earnings per share for the current year.

United Parcel Service Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, June 5th. Stockholders of record on Monday, May 19th were given a dividend of $1.64 per share. This represents a $6.56 dividend on an annualized basis and a dividend yield of 7.8%. The ex-dividend date of this dividend was Monday, May 19th. United Parcel Service's dividend payout ratio (DPR) is currently 97.62%.

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.