Thrive Wealth Management LLC Has $372,000 Position in United Parcel Service, Inc. (NYSE:UPS)

Thrive Wealth Management LLC increased its position in United Parcel Service, Inc. (NYSE:UPS) by 45.3% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,386 shares of the transportation company’s stock after buying an additional 1,056 shares during the period. Thrive Wealth Management LLC’s holdings in United Parcel Service were worth $372,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Norges Bank acquired a new position in United Parcel Service during the fourth quarter valued at approximately $1,075,393,000. Raymond James Financial Inc. acquired a new position in United Parcel Service during the fourth quarter valued at approximately $393,680,000. Franklin Resources Inc. grew its holdings in United Parcel Service by 15.6% during the fourth quarter. Franklin Resources Inc. now owns 10,979,909 shares of the transportation company’s stock valued at $1,384,567,000 after purchasing an additional 1,484,452 shares during the last quarter. Van ECK Associates Corp grew its holdings in United Parcel Service by 77.7% during the fourth quarter. Van ECK Associates Corp now owns 3,150,901 shares of the transportation company’s stock valued at $397,329,000 after purchasing an additional 1,378,136 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of United Parcel Service by 6.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 23,264,665 shares of the transportation company’s stock worth $2,933,674,000 after acquiring an additional 1,337,058 shares during the last quarter. Institutional investors and hedge funds own 60.26% of the company’s stock.

United Parcel Service Stock Down 1.8%

Shares of NYSE UPS opened at $96.76 on Friday. The stock has a market cap of $81.93 billion, a PE ratio of 14.31, a PEG ratio of 1.55 and a beta of 1.23. The business has a fifty day moving average of $97.54 and a two-hundred day moving average of $114.23. United Parcel Service, Inc. has a 52-week low of $90.55 and a 52-week high of $148.15. 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 issued 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 company had revenue of $21.50 billion during 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 business’s revenue was down .9% on a year-over-year basis. During the same period last year, the business earned $1.43 earnings per share. As a group, equities research analysts expect that United Parcel Service, Inc. will post 7.95 earnings per share for the current fiscal year.

United Parcel Service Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 5th. Shareholders of record on Monday, May 19th were issued a dividend of $1.64 per share. The ex-dividend date was Monday, May 19th. This represents a $6.56 dividend on an annualized basis and a dividend yield of 6.78%. United Parcel Service’s payout ratio is presently 95.63%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on UPS shares. Loop Capital lowered their price objective on shares of United Parcel Service from $115.00 to $105.00 and set a “hold” rating on the stock in a research note on Wednesday, April 30th. BMO Capital Markets lowered their price objective on shares of 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. Citigroup lowered their price objective on shares of United Parcel Service from $149.00 to $123.00 and set a “buy” rating on the stock in a research note on Tuesday, April 8th. Deutsche Bank Aktiengesellschaft started 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. Finally, Hsbc Global Res downgraded shares of United Parcel Service from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 1st. 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. According to data from MarketBeat, United Parcel Service has an average rating of “Hold” and a consensus price target 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.