Orion Porfolio Solutions LLC Trims Position in United Parcel Service, Inc. $UPS

Orion Porfolio Solutions LLC trimmed its position in United Parcel Service, Inc. (NYSE:UPS) by 8.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 90,015 shares of the transportation company’s stock after selling 8,218 shares during the quarter. Orion Porfolio Solutions LLC’s holdings in United Parcel Service were worth $9,086,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Vanguard Group Inc. increased its holdings in United Parcel Service by 1.2% during the 2nd quarter. Vanguard Group Inc. now owns 66,905,138 shares of the transportation company’s stock worth $6,753,405,000 after acquiring an additional 768,912 shares during the period. State Street Corp boosted its holdings in United Parcel Service by 1.5% in the 2nd quarter. State Street Corp now owns 30,774,530 shares of the transportation company’s stock valued at $3,106,381,000 after purchasing an additional 444,384 shares during the period. Charles Schwab Investment Management Inc. grew its position in shares of United Parcel Service by 3.0% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 25,792,139 shares of the transportation company’s stock valued at $2,603,459,000 after purchasing an additional 746,667 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of United Parcel Service by 4.8% in the second quarter. Geode Capital Management LLC now owns 16,623,834 shares of the transportation company’s stock worth $1,675,733,000 after purchasing an additional 762,407 shares during the period. Finally, Norges Bank purchased a new stake in shares of United Parcel Service in the second quarter worth $851,842,000. 60.26% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

UPS has been the subject of several recent analyst reports. UBS Group boosted their target price on United Parcel Service from $110.00 to $113.00 and gave the stock a “buy” rating in a research report on Wednesday, October 29th. Stephens upgraded United Parcel Service to a “hold” rating in a research report on Wednesday, October 29th. JPMorgan Chase & Co. boosted their price objective on United Parcel Service from $85.00 to $97.00 and gave the stock a “neutral” rating in a report on Wednesday, October 29th. Wall Street Zen upgraded shares of United Parcel Service from a “sell” rating to a “hold” rating in a research report on Saturday, November 1st. Finally, Bank of America dropped their target price on shares of United Parcel Service from $83.00 to $81.00 and set an “underperform” rating for the company in a research report on Friday, September 26th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, sixteen have issued a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat.com, United Parcel Service presently has a consensus rating of “Hold” and an average price target of $110.00.

United Parcel Service Price Performance

Shares of United Parcel Service stock opened at $100.21 on Tuesday. The firm has a market capitalization of $85.02 billion, a PE ratio of 15.49, a price-to-earnings-growth ratio of 2.41 and a beta of 1.11. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 1.50. United Parcel Service, Inc. has a 12 month low of $82.00 and a 12 month high of $136.99. The business’s 50-day moving average price is $92.67 and its 200-day moving average price is $92.66.

United Parcel Service (NYSE:UPS) last released its earnings results on Tuesday, October 28th. The transportation company reported $1.74 earnings per share for the quarter, topping analysts’ consensus estimates of $1.31 by $0.43. United Parcel Service had a return on equity of 40.07% and a net margin of 6.15%.The company had revenue of $21.42 billion during the quarter, compared to the consensus estimate of $20.94 billion. During the same quarter in the previous year, the company posted $1.76 EPS. United Parcel Service’s quarterly revenue was down 3.7% compared to the same quarter last year. Sell-side analysts forecast that United Parcel Service, Inc. will post 7.95 EPS for the current fiscal year.

United Parcel Service Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 4th. Stockholders of record on Monday, November 17th were paid a $1.64 dividend. The ex-dividend date of this dividend was Monday, November 17th. This represents a $6.56 dividend on an annualized basis and a dividend yield of 6.5%. United Parcel Service’s dividend payout ratio is 101.39%.

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.