United Parcel Service, Inc. (NYSE:UPS) Shares Sold by GSB Wealth Management LLC

GSB Wealth Management LLC cut its holdings in United Parcel Service, Inc. (NYSE:UPS - Free Report) by 48.4% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 5,238 shares of the transportation company's stock after selling 4,914 shares during the quarter. GSB Wealth Management LLC's holdings in United Parcel Service were worth $576,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of UPS. IMG Wealth Management Inc. acquired a new position in shares of United Parcel Service during the fourth quarter worth about $25,000. Generali Investments Management Co LLC acquired a new position in shares of United Parcel Service during the fourth quarter worth about $26,000. Pinney & Scofield Inc. acquired a new position in shares of United Parcel Service during the fourth quarter worth about $27,000. Fourth Dimension Wealth LLC acquired a new position in shares of United Parcel Service during the fourth quarter worth about $28,000. Finally, Runnymede Capital Advisors Inc. acquired a new position in shares of United Parcel Service during the fourth quarter worth about $30,000. 60.26% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

UPS has been the topic of a number of research analyst reports. HSBC downgraded shares of United Parcel Service from a "buy" rating to a "hold" rating and set a $105.00 price objective on the stock. in a report on Thursday, May 1st. Bank of America boosted their price objective on shares of United Parcel Service from $111.00 to $115.00 and gave the stock a "buy" rating in a report on Friday, May 16th. Barclays decreased their price objective on shares of United Parcel Service from $100.00 to $90.00 and set an "underweight" rating on the stock in a report on Monday, March 31st. Wells Fargo & Company reissued an "equal weight" rating and set a $98.00 price objective (down previously from $120.00) on shares of United Parcel Service in a report on Tuesday, April 22nd. Finally, Wall Street Zen downgraded shares of United Parcel Service from a "buy" rating to a "hold" rating in a report on Wednesday, May 7th. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, United Parcel Service presently has a consensus rating of "Hold" and an average price target of $120.26.

United Parcel Service Trading Down 1.3%

United Parcel Service stock opened at $99.74 on Wednesday. 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 cap of $84.46 billion, a price-to-earnings ratio of 14.54, a price-to-earnings-growth ratio of 1.77 and a beta of 1.22. United Parcel Service, Inc. has a 1 year low of $90.55 and a 1 year high of $148.15. The firm's 50 day moving average price is $97.68 and its two-hundred day moving average price is $112.19.

United Parcel Service (NYSE:UPS - Get Free Report) last posted its quarterly earnings data 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 firm had revenue of $21.50 billion during the quarter, compared to analyst estimates of $21.25 billion. United Parcel Service had a net margin of 6.44% and a return on equity of 40.15%. The company's revenue was down .9% on a year-over-year basis. During the same quarter last year, the business posted $1.43 EPS. On average, research analysts predict that United Parcel Service, Inc. will post 7.95 EPS for the current fiscal year.

United Parcel Service Dividend Announcement

The firm also recently declared 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. The ex-dividend date was Monday, May 19th. This represents a $6.56 dividend on an annualized basis and a dividend yield of 6.58%. United Parcel Service's dividend payout ratio 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.

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