Strategic Wealth Partners Ltd. Decreases Stock Holdings in United Parcel Service, Inc. (NYSE:UPS)

Strategic Wealth Partners Ltd. lessened its holdings in United Parcel Service, Inc. (NYSE:UPS) by 31.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,802 shares of the transportation company’s stock after selling 1,315 shares during the quarter. Strategic Wealth Partners Ltd.’s holdings in United Parcel Service were worth $324,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Onyx Bridge Wealth Group LLC acquired a new stake in shares of United Parcel Service during the 4th quarter worth about $461,000. Allspring Global Investments Holdings LLC lifted its position in shares of United Parcel Service by 27.2% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 131,623 shares of the transportation company’s stock worth $16,304,000 after buying an additional 28,108 shares during the last quarter. Global Wealth Management Investment Advisory Inc. boosted its holdings in shares of 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 valued at $4,302,000 after buying an additional 10,176 shares in the last quarter. Bonness Enterprises Inc. grew its position in shares of United Parcel Service by 24.0% in the 4th quarter. Bonness Enterprises Inc. now owns 21,150 shares of the transportation company’s stock valued at $2,667,000 after buying an additional 4,100 shares during the last quarter. Finally, PUREfi Wealth LLC purchased a new position in shares of United Parcel Service in the 4th quarter valued at $737,000. 60.26% of the stock is currently owned by institutional investors and hedge funds.

United Parcel Service Price Performance

United Parcel Service stock opened at $99.03 on Tuesday. The company has a market cap of $84.59 billion, a P/E ratio of 14.65, a price-to-earnings-growth ratio of 1.55 and a beta of 1.23. United Parcel Service, Inc. has a one year low of $90.55 and a one year high of $149.57. The business has a fifty day moving average of $102.03 and a two-hundred day moving average of $117.25. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.14 and a current ratio of 1.17.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings data on Tuesday, April 29th. The transportation company reported $1.49 EPS for the quarter, beating the consensus estimate of $1.38 by $0.11. United Parcel Service had a net margin of 6.35% and a return on equity of 39.13%. The firm had revenue of $21.50 billion during the quarter, compared to analysts’ expectations of $21.25 billion. During the same quarter last year, the business earned $1.43 earnings per share. The business’s revenue for the quarter was down .9% compared to the same quarter last year. As a group, analysts predict that United Parcel Service, Inc. will post 7.95 earnings per share for the current fiscal year.

United Parcel Service Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 5th. Investors of record on Monday, May 19th will be paid a $1.64 dividend. This represents a $6.56 annualized dividend and a yield of 6.62%. The ex-dividend date of this dividend is Monday, May 19th. United Parcel Service’s payout ratio is currently 95.63%.

Analyst Upgrades and Downgrades

Several research firms have issued reports on UPS. The Goldman Sachs Group decreased their price objective on shares of United Parcel Service from $166.00 to $147.00 and set a “buy” rating for the company in a research note on Friday, January 31st. Raymond James decreased their target price on United Parcel Service from $145.00 to $130.00 and set a “strong-buy” rating for the company in a research report on Wednesday, April 9th. Stifel Nicolaus cut their price target on United Parcel Service from $145.00 to $124.00 and set a “buy” rating on the stock in a research report on Wednesday, April 30th. Deutsche Bank Aktiengesellschaft started coverage on United Parcel Service in a report on Friday, March 7th. They issued a “hold” rating and a $119.00 price objective for the company. Finally, Wolfe Research reduced their price target on shares of United Parcel Service from $133.00 to $113.00 and set an “outperform” rating for the company in a research report on Wednesday, April 9th. Two research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently 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.