United Parcel Service, Inc. (NYSE:UPS) Shares Acquired by Precedent Wealth Partners LLC

Precedent Wealth Partners LLC grew its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 43.2% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,487 shares of the transportation company’s stock after purchasing an additional 2,862 shares during the period. Precedent Wealth Partners LLC’s holdings in United Parcel Service were worth $1,043,000 as of its most recent filing with the Securities and Exchange Commission.

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

Wall Street Analyst Weigh In

UPS has been the subject of a number of research analyst reports. Bank of America increased their price target on shares of United Parcel Service from $111.00 to $115.00 and gave the stock a “buy” rating in a research report on Friday, May 16th. Stifel Nicolaus cut their price objective 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. HSBC lowered shares of United Parcel Service from a “buy” rating to a “hold” rating and set a $105.00 price objective on the stock. in a research report on Thursday, May 1st. Wall Street Zen lowered shares of United Parcel Service from a “buy” rating to a “hold” rating in a research report on Wednesday, May 7th. Finally, Wells Fargo & Company reissued an “equal weight” rating and issued a $98.00 price target (down previously from $120.00) on shares of United Parcel Service in a research report on Tuesday, April 22nd. Two research analysts have rated the stock with a sell rating, thirteen have given a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $120.26.

United Parcel Service Trading Down 1.0%

UPS opened at $99.89 on Monday. The firm’s fifty day moving average is $97.49 and its two-hundred day moving average is $112.52. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.14 and a current ratio of 1.17. The firm has a market cap of $84.58 billion, a PE ratio of 14.78, a price-to-earnings-growth ratio of 1.55 and a beta of 1.22. United Parcel Service, Inc. has a twelve month low of $90.55 and a twelve month high of $148.15.

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

United Parcel Service Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 5th. Stockholders of record on Monday, May 19th were given a dividend of $1.64 per share. This represents a $6.56 annualized dividend and a dividend yield of 6.57%. The ex-dividend date was Monday, May 19th. United Parcel Service’s dividend payout ratio is 95.63%.

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.