United Parcel Service, Inc. (NYSE:UPS) Stock Holdings Trimmed by Morey & Quinn Wealth Partners LLC

Morey & Quinn Wealth Partners LLC lowered its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 6.6% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,397 shares of the transportation company’s stock after selling 239 shares during the period. Morey & Quinn Wealth Partners LLC’s holdings in United Parcel Service were worth $374,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in UPS. IMG Wealth Management Inc. bought a new stake in shares of United Parcel Service in the 4th quarter worth $25,000. Generali Investments Management Co LLC bought a new stake in shares of United Parcel Service in the 4th quarter worth $26,000. Pinney & Scofield Inc. bought a new stake in shares of United Parcel Service in the 4th quarter worth $27,000. Fourth Dimension Wealth LLC bought a new stake in shares of United Parcel Service in the 4th quarter worth $28,000. Finally, Runnymede Capital Advisors Inc. bought a new stake in shares of United Parcel Service in the 4th quarter worth $30,000. Institutional investors own 60.26% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on UPS shares. Truist Financial dropped their price objective on United Parcel Service from $140.00 to $130.00 and set a “buy” rating on the stock in a research note on Thursday, April 24th. Loop Capital decreased their target price on United Parcel Service from $115.00 to $105.00 and set a “hold” rating on the stock in a report on Wednesday, April 30th. Barclays decreased their target price on United Parcel Service from $100.00 to $90.00 and set an “underweight” rating on the stock in a report on Monday, March 31st. Wall Street Zen cut United Parcel Service from a “buy” rating to a “hold” rating in a report on Wednesday, May 7th. Finally, Stifel Nicolaus decreased their target price on United Parcel Service from $145.00 to $124.00 and set a “buy” rating on the stock in a report on Wednesday, April 30th. Two research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, United Parcel Service presently has an average rating of “Hold” and an average target price of $120.26.

United Parcel Service Price Performance

UPS opened at $99.89 on Friday. The stock has a market cap of $84.58 billion, a price-to-earnings ratio of 14.78, a PEG ratio of 1.55 and a beta of 1.22. United Parcel Service, Inc. has a 1 year low of $90.55 and a 1 year high of $148.15. 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 stock has a fifty day moving average price of $97.49 and a 200 day moving average price of $112.68.

United Parcel Service (NYSE:UPS) last released 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 firm 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 for the quarter was down .9% on a year-over-year basis. During the same quarter last year, the firm earned $1.43 earnings per share. Analysts forecast that United Parcel Service, Inc. will post 7.95 EPS for the current fiscal year.

United Parcel Service Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 5th. Investors of record on Monday, May 19th were given 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 yield of 6.57%. United Parcel Service’s payout ratio is 95.63%.

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.