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

Tyche Wealth Partners LLC decreased its holdings in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 44.9% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,995 shares of the transportation company's stock after selling 3,252 shares during the quarter. Tyche Wealth Partners LLC's holdings in United Parcel Service were worth $439,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Altus Wealth Group LLC boosted its position in shares of United Parcel Service by 4.6% in the fourth quarter. Altus Wealth Group LLC now owns 2,022 shares of the transportation company's stock worth $255,000 after buying an additional 89 shares during the period. Colonial Trust Co SC lifted its position 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 acquiring an additional 98 shares in the last quarter. Juncture Wealth Strategies LLC lifted its position in shares of United Parcel Service by 2.5% during the first 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 in the last quarter. Cohen & Steers Inc. boosted its stake in shares of United Parcel Service by 5.3% in the fourth 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 during the period. Finally, Diligent Investors LLC grew its holdings in United Parcel Service by 1.7% during 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. 60.26% of the stock is owned by hedge funds and other institutional investors.

United Parcel Service Stock Up 0.3%

NYSE:UPS opened at $100.66 on Wednesday. The firm has a market capitalization of $85.24 billion, a PE ratio of 14.67, a price-to-earnings-growth ratio of 1.76 and a beta of 1.22. The stock has a 50 day moving average of $97.89 and a 200-day moving average of $111.17. United Parcel Service, Inc. has a 52 week low of $90.55 and a 52 week high of $148.15. 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 released its quarterly earnings data on Tuesday, April 29th. The transportation company reported $1.49 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 analyst estimates of $21.25 billion. During the same quarter in the previous year, the firm posted $1.43 EPS. The business's revenue for the quarter was down .9% compared to the same quarter last year. Analysts predict that United Parcel Service, Inc. will post 7.95 EPS for the current year.

United Parcel Service Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, June 5th. Investors of record on Monday, May 19th were paid a dividend of $1.64 per share. The ex-dividend date of this dividend was Monday, May 19th. This represents a $6.56 annualized dividend and a yield of 6.52%. United Parcel Service's dividend payout ratio is currently 95.63%.

Analyst Ratings Changes

A number of brokerages have commented on UPS. Wolfe Research cut their price objective on shares of United Parcel Service from $133.00 to $113.00 and set an "outperform" rating on the stock in a report on Wednesday, April 9th. Wall Street Zen cut United Parcel Service from a "buy" rating to a "hold" rating in a research note on Wednesday, May 7th. Loop Capital reduced their price target on United Parcel Service from $115.00 to $105.00 and set a "hold" rating for the company in a report on Wednesday, April 30th. Truist Financial dropped their price objective on United Parcel Service from $140.00 to $130.00 and set a "buy" rating on the stock in a report on Thursday, April 24th. Finally, Galvan Research cut their target price on United Parcel Service from $147.00 to $133.00 and set a "buy" rating on the stock in a research report on Wednesday, April 9th. Two analysts have rated the stock with a sell rating, thirteen have given a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, United Parcel Service has a consensus rating of "Hold" and an average target price of $120.26.

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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