Visionary Wealth Advisors Has $7.58 Million Position in United Parcel Service, Inc. (NYSE:UPS)

Visionary Wealth Advisors cut its holdings in United Parcel Service, Inc. (NYSE:UPS - Free Report) by 25.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 60,133 shares of the transportation company's stock after selling 20,118 shares during the quarter. Visionary Wealth Advisors' holdings in United Parcel Service were worth $7,583,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in UPS. Onyx Bridge Wealth Group LLC acquired a new position in United Parcel Service during the fourth quarter valued at approximately $461,000. HF Advisory Group LLC acquired a new position in United Parcel Service in the 4th quarter valued at $1,305,000. Allspring Global Investments Holdings LLC raised its holdings in United Parcel Service by 27.2% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 131,623 shares of the transportation company's stock worth $16,304,000 after acquiring an additional 28,108 shares during the period. Global Wealth Management Investment Advisory Inc. raised its holdings in United Parcel Service by 42.5% in the 4th quarter. Global Wealth Management Investment Advisory Inc. now owns 34,113 shares of the transportation company's stock worth $4,302,000 after acquiring an additional 10,176 shares during the period. Finally, Bonness Enterprises Inc. lifted its position in United Parcel Service by 24.0% during the 4th quarter. Bonness Enterprises Inc. now owns 21,150 shares of the transportation company's stock worth $2,667,000 after acquiring an additional 4,100 shares during the last quarter. 60.26% of the stock is owned by institutional investors.

United Parcel Service Price Performance

Shares of UPS traded down $1.50 during mid-day trading on Tuesday, reaching $97.61. The company had a trading volume of 4,665,670 shares, compared to its average volume of 5,109,324. 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 market capitalization of $83.38 billion, a P/E ratio of 14.44, a P/E/G ratio of 1.55 and a beta of 1.23. United Parcel Service, Inc. has a twelve month low of $90.55 and a twelve month high of $148.15. The company's 50-day moving average is $101.68 and its 200-day moving average is $117.11.

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, topping the consensus estimate 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 firm had revenue of $21.50 billion during the quarter, compared to analyst estimates of $21.25 billion. During the same period in the prior year, the company posted $1.43 earnings per share. The business's revenue for the quarter was down .9% compared to the same quarter last year. On average, equities analysts anticipate that United Parcel Service, Inc. will post 7.95 EPS for the current year.

United Parcel Service Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 5th. Investors of record on Monday, May 19th will be issued a dividend of $1.64 per share. This represents a $6.56 annualized dividend and a yield of 6.72%. The ex-dividend date is Monday, May 19th. United Parcel Service's dividend payout ratio is currently 95.63%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on UPS shares. Raymond James lowered their price target on United Parcel Service from $145.00 to $130.00 and set a "strong-buy" rating on the stock in a research report on Wednesday, April 9th. Hsbc Global Res downgraded United Parcel Service from a "strong-buy" rating to a "hold" rating in a research note on Thursday, May 1st. UBS Group lowered their target price on United Parcel Service from $141.00 to $127.00 and set a "buy" rating on the stock in a report on Thursday, April 3rd. 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 report on Wednesday, April 30th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on shares of United Parcel Service in a research note on Friday, March 7th. They issued a "hold" rating and a $119.00 price objective on the stock. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus 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.