Alliance Wealth Advisors LLC Cuts Position in United Parcel Service, Inc. (NYSE:UPS)

Alliance Wealth Advisors LLC lessened its stake in United Parcel Service, Inc. (NYSE:UPS) by 10.3% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,295 shares of the transportation company’s stock after selling 264 shares during the quarter. Alliance Wealth Advisors LLC’s holdings in United Parcel Service were worth $252,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in UPS. IMG Wealth Management Inc. purchased a new position in United Parcel Service during the 4th quarter valued at about $25,000. Generali Investments Management Co LLC purchased a new position in United Parcel Service during the 4th quarter valued at about $26,000. Pinney & Scofield Inc. purchased a new position in United Parcel Service during the 4th quarter valued at about $27,000. Fourth Dimension Wealth LLC purchased a new position in United Parcel Service during the 4th quarter valued at about $28,000. Finally, Runnymede Capital Advisors Inc. acquired a new stake in shares of United Parcel Service during the 4th quarter worth about $30,000. Hedge funds and other institutional investors own 60.26% of the company’s stock.

United Parcel Service Stock Up 1.4%

Shares of NYSE:UPS opened at $98.24 on Friday. The company has a current ratio of 1.17, a quick ratio of 1.14 and a debt-to-equity ratio of 1.16. The company has a fifty day simple moving average of $97.32 and a 200 day simple moving average of $113.99. The firm has a market cap of $83.19 billion, a PE ratio of 14.53, a price-to-earnings-growth ratio of 1.55 and a beta of 1.22. United Parcel Service, Inc. has a 12-month low of $90.55 and a 12-month high of $148.15.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings results on Tuesday, April 29th. The transportation company reported $1.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.38 by $0.11. The business had revenue of $21.50 billion during the quarter, compared to analyst estimates of $21.25 billion. United Parcel Service had a net margin of 6.35% and a return on equity of 39.13%. The business’s revenue was down .9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.43 earnings per share. On average, equities research analysts anticipate that United Parcel Service, Inc. will post 7.95 EPS for the current fiscal year.

United Parcel Service Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, June 5th. Investors of record on Monday, May 19th were paid a $1.64 dividend. The ex-dividend date of this dividend 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 (DPR) is presently 95.63%.

Analysts Set New Price Targets

UPS has been the topic of several analyst reports. BMO Capital Markets decreased their price target 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. Barclays decreased their price target on shares of United Parcel Service from $100.00 to $90.00 and set an “underweight” rating on the stock in a research note on Monday, March 31st. Galvan Research decreased their price target on shares of United Parcel Service from $147.00 to $133.00 and set a “buy” rating on the stock in a research note on Wednesday, April 9th. UBS Group decreased their price target on shares of United Parcel Service from $141.00 to $127.00 and set a “buy” rating on the stock in a research note on Thursday, April 3rd. Finally, Stifel Nicolaus decreased their target price on shares of 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. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, eleven have assigned a buy rating and one has assigned 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 an average target price 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.