Vanguard Capital Wealth Advisors Decreases Position in United Parcel Service, Inc. (NYSE:UPS)

Vanguard Capital Wealth Advisors lowered its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 40.6% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,342 shares of the transportation company’s stock after selling 1,600 shares during the quarter. Vanguard Capital Wealth Advisors’ holdings in United Parcel Service were worth $348,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of UPS. Tennessee Valley Asset Management Partners acquired a new stake in shares of United Parcel Service during the fourth quarter worth about $26,000. Life Planning Partners Inc purchased a new stake in United Parcel Service in the fourth quarter valued at approximately $28,000. Northwest Financial Advisors purchased a new position in shares of United Parcel Service during the fourth quarter worth approximately $28,000. Bourgeon Capital Management LLC purchased a new stake in United Parcel Service in the 4th quarter valued at $31,000. Finally, Security National Bank acquired a new stake in United Parcel Service during the 4th quarter worth $31,000. Hedge funds and other institutional investors own 60.26% of the company’s stock.

United Parcel Service Price Performance

Shares of UPS traded up $0.72 during trading hours on Friday, reaching $136.55. 614,053 shares of the company traded hands, compared to its average volume of 4,019,919. The stock has a fifty day simple moving average of $141.96 and a 200 day simple moving average of $148.83. United Parcel Service, Inc. has a fifty-two week low of $132.90 and a fifty-two week high of $192.98. The stock has a market capitalization of $116.83 billion, a PE ratio of 19.69, a price-to-earnings-growth ratio of 1.75 and a beta of 1.01. The company has a quick ratio of 1.04, a current ratio of 1.10 and a debt-to-equity ratio of 1.11.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings data on Tuesday, April 23rd. The transportation company reported $1.43 earnings per share for the quarter, beating analysts’ consensus estimates of $1.33 by $0.10. The business had revenue of $21.70 billion during the quarter, compared to analyst estimates of $21.84 billion. United Parcel Service had a net margin of 6.60% and a return on equity of 37.42%. The company’s revenue was down 5.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.20 earnings per share. As a group, research analysts predict that United Parcel Service, Inc. will post 8.22 EPS for the current fiscal year.

United Parcel Service Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 30th. Investors of record on Monday, May 13th were paid a $1.63 dividend. The ex-dividend date was Friday, May 10th. This represents a $6.52 annualized dividend and a yield of 4.77%. United Parcel Service’s payout ratio is currently 94.49%.

Wall Street Analysts Forecast Growth

UPS has been the subject of a number of research reports. Deutsche Bank Aktiengesellschaft reduced their target price on shares of United Parcel Service from $183.00 to $179.00 and set a “buy” rating for the company in a report on Thursday, March 28th. TD Cowen decreased their price target on United Parcel Service from $147.00 to $140.00 and set a “hold” rating for the company in a report on Thursday, March 28th. Morgan Stanley boosted their price objective on shares of United Parcel Service from $95.00 to $100.00 and gave the company an “underweight” rating in a research note on Wednesday, March 27th. Susquehanna upped their price objective on shares of United Parcel Service from $150.00 to $160.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 24th. Finally, Redburn Atlantic upgraded shares of United Parcel Service from a “neutral” rating to a “buy” rating and set a $180.00 price target on the stock in a research note on Wednesday, April 3rd. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $164.55.

United Parcel Service 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.