KMG Fiduciary Partners LLC Decreases Holdings in United Parcel Service, Inc. (NYSE:UPS)

KMG Fiduciary Partners LLC trimmed its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 29.4% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 26,175 shares of the transportation company’s stock after selling 10,908 shares during the quarter. KMG Fiduciary Partners LLC’s holdings in United Parcel Service were worth $2,879,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. ARS Wealth Advisors Group LLC boosted its stake in United Parcel Service by 8.3% in the first quarter. ARS Wealth Advisors Group LLC now owns 38,693 shares of the transportation company’s stock worth $4,256,000 after buying an additional 2,959 shares in the last quarter. Miracle Mile Advisors LLC boosted its stake in United Parcel Service by 8.8% in the first quarter. Miracle Mile Advisors LLC now owns 66,307 shares of the transportation company’s stock worth $7,293,000 after buying an additional 5,372 shares in the last quarter. RDA Financial Network boosted its stake in United Parcel Service by 8.7% in the first quarter. RDA Financial Network now owns 4,452 shares of the transportation company’s stock worth $490,000 after buying an additional 355 shares in the last quarter. Patriot Financial Group Insurance Agency LLC boosted its stake in United Parcel Service by 18.8% in the first quarter. Patriot Financial Group Insurance Agency LLC now owns 6,635 shares of the transportation company’s stock worth $730,000 after buying an additional 1,051 shares in the last quarter. Finally, Wedmont Private Capital boosted its stake in United Parcel Service by 25.4% in the first quarter. Wedmont Private Capital now owns 3,930 shares of the transportation company’s stock worth $432,000 after buying an additional 797 shares in the last quarter. Hedge funds and other institutional investors own 60.26% of the company’s stock.

United Parcel Service Price Performance

Shares of United Parcel Service stock opened at $98.24 on Friday. The company has a quick ratio of 1.14, a current ratio of 1.17 and a debt-to-equity ratio of 1.16. The company has a market cap of $83.19 billion, a PE ratio of 14.53, a P/E/G ratio of 1.55 and a beta of 1.22. The business has a 50 day moving average of $97.32 and a 200 day moving average of $113.86. United Parcel Service, Inc. has a 52 week low of $90.55 and a 52 week high of $148.15.

United Parcel Service (NYSE:UPS) last announced its earnings results on Tuesday, April 29th. The transportation company reported $1.49 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 the consensus estimate of $21.25 billion. United Parcel Service had a return on equity of 39.13% and a net margin of 6.35%. The firm’s revenue for the quarter was down .9% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.43 earnings per share. As a group, equities research analysts forecast that United Parcel Service, Inc. will post 7.95 earnings per share for the current year.

United Parcel Service Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 5th. Investors 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 6.68%. United Parcel Service’s dividend payout ratio is presently 95.63%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on UPS shares. JPMorgan Chase & Co. cut their target price on United Parcel Service from $120.00 to $115.00 and set a “neutral” rating for the company in a research note on Monday, April 7th. Hsbc Global Res lowered United Parcel Service from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 1st. Galvan Research cut their target price on United Parcel Service from $147.00 to $133.00 and set a “buy” rating for the company in a research note on Wednesday, April 9th. Raymond James cut 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 note on Wednesday, April 9th. Finally, Deutsche Bank Aktiengesellschaft started coverage on United Parcel Service in a research report on Friday, March 7th. They issued a “hold” rating and a $119.00 price objective for the company. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, United Parcel Service 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.