Tennessee Valley Asset Management Partners Sells 215 Shares of United Parcel Service, Inc. (NYSE:UPS)

Tennessee Valley Asset Management Partners cut its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 9.4% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,079 shares of the transportation company’s stock after selling 215 shares during the period. Tennessee Valley Asset Management Partners’ holdings in United Parcel Service were worth $229,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Allspring Global Investments Holdings LLC boosted its stake in shares of United Parcel Service by 27.2% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 131,623 shares of the transportation company’s stock valued at $16,304,000 after purchasing an additional 28,108 shares in the last quarter. Clark Capital Management Group Inc. boosted its stake in United Parcel Service by 14.4% in the fourth quarter. Clark Capital Management Group Inc. now owns 11,427 shares of the transportation company’s stock valued at $1,441,000 after acquiring an additional 1,440 shares in the last quarter. LaFleur & Godfrey LLC boosted its stake in United Parcel Service by 62.8% in the fourth quarter. LaFleur & Godfrey LLC now owns 6,225 shares of the transportation company’s stock valued at $785,000 after acquiring an additional 2,401 shares in the last quarter. Argyle Capital Management LLC boosted its stake in United Parcel Service by 11.4% in the fourth quarter. Argyle Capital Management LLC now owns 26,428 shares of the transportation company’s stock valued at $3,333,000 after acquiring an additional 2,695 shares in the last quarter. Finally, Brighton Jones LLC boosted its stake in United Parcel Service by 63.8% in the fourth quarter. Brighton Jones LLC now owns 12,126 shares of the transportation company’s stock valued at $1,529,000 after acquiring an additional 4,723 shares in the last quarter. 60.26% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

UPS has been the subject of several recent analyst reports. Citigroup lowered their target price on shares of United Parcel Service from $149.00 to $123.00 and set a “buy” rating for the company in a research note on Tuesday, April 8th. Barclays lowered their target price on shares of United Parcel Service from $100.00 to $90.00 and set an “underweight” rating for the company in a research note on Monday, March 31st. Wells Fargo & Company restated an “equal weight” rating and issued a $98.00 target price (down from $120.00) on shares of United Parcel Service in a research note on Tuesday, April 22nd. Stifel Nicolaus lowered their target price on shares of United Parcel Service from $145.00 to $124.00 and set a “buy” rating for the company in a research note on Wednesday, April 30th. Finally, Oppenheimer lowered their target price on shares of United Parcel Service from $126.00 to $114.00 and set an “outperform” rating for the company in a research note on Wednesday, April 30th. Two research analysts have rated the stock with a sell rating, thirteen have given a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $120.26.

United Parcel Service Stock Up 1.1%

UPS opened at $101.07 on Tuesday. United Parcel Service, Inc. has a fifty-two week low of $90.55 and a fifty-two week high of $148.15. 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 company has a fifty day moving average of $97.68 and a two-hundred day moving average of $112.27. The stock has a market capitalization of $85.59 billion, a price-to-earnings ratio of 14.95, a PEG ratio of 1.55 and a beta of 1.22.

United Parcel Service (NYSE:UPS) last released its quarterly earnings data on Tuesday, April 29th. The transportation company reported $1.49 earnings per share for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $21.25 billion. During the same quarter in the previous year, the company earned $1.43 earnings per share. The firm’s revenue for the quarter was down .9% on a year-over-year basis. On average, research analysts expect that United Parcel Service, Inc. will post 7.95 earnings per share for the current year.

United Parcel Service Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, June 5th. Stockholders of record on Monday, May 19th were paid 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 6.49%. United Parcel Service’s dividend payout ratio is currently 95.63%.

United Parcel Service Company 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.