Kingswood Wealth Advisors LLC Purchases 3,359 Shares of United Parcel Service, Inc. (NYSE:UPS)

Kingswood Wealth Advisors LLC increased its holdings in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 19.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 20,803 shares of the transportation company's stock after acquiring an additional 3,359 shares during the quarter. Kingswood Wealth Advisors LLC's holdings in United Parcel Service were worth $2,286,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of UPS. IMG Wealth Management Inc. bought a new stake in shares of United Parcel Service during the 4th quarter worth $25,000. Generali Investments Management Co LLC purchased a new stake in United Parcel Service during the fourth quarter worth about $26,000. Pinney & Scofield Inc. purchased a new stake in United Parcel Service during the fourth quarter worth about $27,000. Fourth Dimension Wealth LLC bought a new stake in United Parcel Service in the fourth quarter worth about $28,000. Finally, Runnymede Capital Advisors Inc. purchased a new position in United Parcel Service in the fourth quarter valued at about $30,000. Hedge funds and other institutional investors own 60.26% of the company's stock.

United Parcel Service Price Performance

Shares of UPS stock traded down $0.55 on Thursday, reaching $99.12. The company's stock had a trading volume of 4,361,721 shares, compared to its average volume of 5,177,795. The company has a market capitalization of $83.93 billion, a P/E ratio of 14.45, a PEG ratio of 1.75 and a beta of 1.22. United Parcel Service, Inc. has a 12-month low of $90.55 and a 12-month high of $148.15. The stock's 50 day simple moving average is $97.67 and its 200-day simple moving average is $112.10. The company has a quick ratio of 1.09, a current 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 results on Tuesday, April 29th. The transportation company reported $1.49 earnings per share for the quarter, beating the consensus estimate 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 firm had revenue of $21.50 billion for the quarter, compared to analysts' expectations of $21.25 billion. During the same quarter last year, the firm posted $1.43 EPS. The company'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 business also recently announced a quarterly dividend, which was paid on Thursday, June 5th. Investors of record on Monday, May 19th were paid a $1.64 dividend. This represents a $6.56 dividend on an annualized basis and a yield of 6.62%. The ex-dividend date of this dividend was Monday, May 19th. United Parcel Service's dividend payout ratio is currently 95.63%.

Analyst Ratings Changes

UPS has been the subject of a number of research reports. Hsbc Global Res downgraded shares of United Parcel Service from a "strong-buy" rating to a "hold" rating in a research report on Thursday, May 1st. JPMorgan Chase & Co. reduced their price objective on United Parcel Service from $120.00 to $115.00 and set a "neutral" rating for the company in a report on Monday, April 7th. BMO Capital Markets decreased their target price on United Parcel Service from $130.00 to $125.00 and set an "outperform" rating for the company in a research report on Wednesday, April 30th. Wells Fargo & Company reaffirmed an "equal weight" rating and set a $98.00 price target (down previously from $120.00) on shares of United Parcel Service in a research report on Tuesday, April 22nd. Finally, Stifel Nicolaus cut their price target on United Parcel Service from $145.00 to $124.00 and set a "buy" rating for the company in a research note on Wednesday, April 30th. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, United Parcel Service currently has a consensus rating of "Hold" and a consensus price target of $120.26.

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.