Maltin Wealth Management Inc. Sells 2,422 Shares of United Parcel Service, Inc. (NYSE:UPS)

Maltin Wealth Management Inc. trimmed its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 13.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,029 shares of the transportation company’s stock after selling 2,422 shares during the quarter. Maltin Wealth Management Inc.’s holdings in United Parcel Service were worth $1,763,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in shares of United Parcel Service by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 65,136,394 shares of the transportation company’s stock valued at $8,213,699,000 after acquiring an additional 370,705 shares during the period. Charles Schwab Investment Management Inc. increased its position in United Parcel Service by 6.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 23,264,665 shares of the transportation company’s stock worth $2,933,674,000 after purchasing an additional 1,337,058 shares in the last quarter. Geode Capital Management LLC increased its position in United Parcel Service by 2.7% in the 4th quarter. Geode Capital Management LLC now owns 15,704,334 shares of the transportation company’s stock valued at $1,979,695,000 after acquiring an additional 414,710 shares during the period. Franklin Resources Inc. increased its position in United Parcel Service by 15.6% in the 4th quarter. Franklin Resources Inc. now owns 10,979,909 shares of the transportation company’s stock valued at $1,384,567,000 after acquiring an additional 1,484,452 shares during the period. Finally, FMR LLC increased its position in United Parcel Service by 2.5% in the 4th quarter. FMR LLC now owns 10,895,828 shares of the transportation company’s stock valued at $1,373,964,000 after acquiring an additional 268,278 shares during the period. 60.26% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on UPS shares. JPMorgan Chase & Co. decreased their price target 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 cut their target price on United Parcel Service from $130.00 to $125.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 30th. HSBC downgraded United Parcel Service from a “buy” rating to a “hold” rating and set a $105.00 price objective on the stock. in a research note on Thursday, May 1st. 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. Finally, Barclays lowered their target price on shares of United Parcel Service from $100.00 to $90.00 and set an “underweight” rating on the stock in a report on Monday, March 31st. 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 given a strong buy rating to the company’s stock. According to data from MarketBeat, United Parcel Service presently has a consensus rating of “Hold” and a consensus price target of $120.26.

United Parcel Service Price Performance

UPS stock opened at $98.57 on Thursday. United Parcel Service, Inc. has a 1 year low of $90.55 and a 1 year high of $148.15. The company has a market cap of $83.47 billion, a P/E ratio of 14.58, a PEG ratio of 1.55 and a beta of 1.23. The firm has a 50-day moving average of $97.81 and a 200 day moving average of $114.49. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.17 and a quick ratio of 1.14.

United Parcel Service (NYSE:UPS) last announced its earnings results on Tuesday, April 29th. The transportation company reported $1.49 earnings per share for the quarter, beating analysts’ consensus estimates 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 business had revenue of $21.50 billion during the quarter, compared to the consensus estimate of $21.25 billion. During the same quarter last year, the firm earned $1.43 earnings per share. The business’s revenue for the quarter was down .9% on a year-over-year basis. On average, sell-side analysts forecast 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 given a dividend of $1.64 per share. This represents a $6.56 annualized dividend and a dividend yield of 6.66%. The ex-dividend date of this dividend is Monday, May 19th. United Parcel Service’s dividend payout ratio (DPR) is currently 95.63%.

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.