Wealthcare Advisory Partners LLC Purchases 3,633 Shares of United Parcel Service, Inc. (NYSE:UPS)

Wealthcare Advisory Partners LLC increased its stake in United Parcel Service, Inc. (NYSE:UPS - Free Report) by 6.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 61,636 shares of the transportation company's stock after purchasing an additional 3,633 shares during the quarter. Wealthcare Advisory Partners LLC's holdings in United Parcel Service were worth $6,779,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Bruce G. Allen Investments LLC grew its stake in shares of United Parcel Service by 56.8% during the 1st quarter. Bruce G. Allen Investments LLC now owns 1,588 shares of the transportation company's stock worth $175,000 after acquiring an additional 575 shares during the period. Octavia Wealth Advisors LLC increased its stake in shares of United Parcel Service by 17.5% in the first quarter. Octavia Wealth Advisors LLC now owns 9,397 shares of the transportation company's stock worth $1,034,000 after purchasing an additional 1,402 shares in the last quarter. Pallas Capital Advisors LLC raised its position in shares of United Parcel Service by 83.6% in the first quarter. Pallas Capital Advisors LLC now owns 13,261 shares of the transportation company's stock valued at $1,459,000 after purchasing an additional 6,040 shares during the period. Farther Finance Advisors LLC lifted its stake in shares of United Parcel Service by 24.8% during the 1st quarter. Farther Finance Advisors LLC now owns 12,527 shares of the transportation company's stock valued at $1,369,000 after buying an additional 2,486 shares in the last quarter. Finally, Portside Wealth Group LLC boosted its holdings in United Parcel Service by 32.1% in the 1st quarter. Portside Wealth Group LLC now owns 19,070 shares of the transportation company's stock worth $2,098,000 after buying an additional 4,639 shares during the period. Hedge funds and other institutional investors own 60.26% of the company's stock.

United Parcel Service Price Performance

UPS stock traded up $3.12 during mid-day trading on Tuesday, hitting $102.43. 6,899,732 shares of the stock were exchanged, compared to its average volume of 5,165,215. 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 stock has a market capitalization of $86.73 billion, a price-to-earnings ratio of 15.15, a PEG ratio of 1.55 and a beta of 1.22. The business has a fifty day moving average price of $97.10 and a 200 day moving average price of $113.49. United Parcel Service, Inc. has a 12 month low of $90.55 and a 12 month high of $148.15.

United Parcel Service (NYSE:UPS - Get Free Report) last announced 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. The firm had revenue of $21.50 billion for the quarter, compared to analysts' expectations of $21.25 billion. United Parcel Service had a return on equity of 39.13% and a net margin of 6.35%. The company's revenue for the quarter was down .9% compared to the same quarter last year. During the same period last year, the firm earned $1.43 earnings per share. On average, sell-side analysts anticipate that United Parcel Service, Inc. will post 7.95 EPS for the current year.

United Parcel Service Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 5th. Stockholders of record on Monday, May 19th were paid a dividend of $1.64 per share. This represents a $6.56 dividend on an annualized basis and a dividend yield of 6.40%. The ex-dividend date of this dividend was Monday, May 19th. United Parcel Service's dividend payout ratio (DPR) is presently 95.63%.

Wall Street Analyst Weigh In

UPS has been the topic of a number of analyst reports. Hsbc Global Res cut shares of United Parcel Service from a "strong-buy" rating to a "hold" rating in a report on Thursday, May 1st. Galvan Research reduced their price target on United Parcel Service from $147.00 to $133.00 and set a "buy" rating for the company in a research report on Wednesday, April 9th. Oppenheimer dropped their price objective on United Parcel Service from $126.00 to $114.00 and set an "outperform" rating on the stock in a report on Wednesday, April 30th. HSBC downgraded United Parcel Service from a "buy" rating to a "hold" rating and set a $105.00 target price for the company. in a research note on Thursday, May 1st. Finally, Loop Capital decreased their price target on United Parcel Service from $115.00 to $105.00 and set a "hold" rating on the stock in a research report on Wednesday, April 30th. Two equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from 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.