Drive Wealth Management LLC Lowers Stock Position in United Parcel Service, Inc. (NYSE:UPS)

Drive Wealth Management LLC lessened its holdings in United Parcel Service, Inc. (NYSE:UPS) by 8.2% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 3,213 shares of the transportation company’s stock after selling 288 shares during the period. Drive Wealth Management LLC’s holdings in United Parcel Service were worth $478,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the business. Harbor Capital Advisors Inc. grew its holdings in United Parcel Service by 0.4% during the 4th quarter. Harbor Capital Advisors Inc. now owns 17,530 shares of the transportation company’s stock worth $2,756,000 after acquiring an additional 64 shares in the last quarter. First Financial Corp IN grew its holdings in United Parcel Service by 24.2% during the 4th quarter. First Financial Corp IN now owns 334 shares of the transportation company’s stock worth $53,000 after acquiring an additional 65 shares in the last quarter. Gleason Group Inc. boosted its holdings in shares of United Parcel Service by 1.1% in the 4th quarter. Gleason Group Inc. now owns 6,351 shares of the transportation company’s stock valued at $999,000 after buying an additional 66 shares in the last quarter. Cullen Investment Group LTD. boosted its holdings in shares of United Parcel Service by 0.7% in the 1st quarter. Cullen Investment Group LTD. now owns 9,921 shares of the transportation company’s stock valued at $1,480,000 after buying an additional 68 shares in the last quarter. Finally, Advisors Capital Management LLC boosted its holdings in shares of United Parcel Service by 0.5% in the 3rd quarter. Advisors Capital Management LLC now owns 15,085 shares of the transportation company’s stock valued at $2,351,000 after buying an additional 69 shares in the last quarter. Hedge funds and other institutional investors own 60.26% of the company’s stock.

Wall Street Analyst Weigh In

UPS has been the subject of several research reports. Oppenheimer upped their price target on shares of United Parcel Service from $153.00 to $157.00 and gave the company an “outperform” rating in a research report on Wednesday. BMO Capital Markets increased their price objective on shares of United Parcel Service from $165.00 to $169.00 and gave the company a “market perform” rating in a research note on Wednesday. Barclays decreased their price target on shares of United Parcel Service from $150.00 to $145.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 31st. TheStreet raised shares of United Parcel Service from a “c” rating to a “b-” rating in a research note on Tuesday, January 30th. Finally, Stifel Nicolaus decreased their target price on shares of United Parcel Service from $178.00 to $170.00 and set a “buy” rating on the stock in a research report on Thursday, March 28th. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, United Parcel Service has a consensus rating of “Hold” and a consensus price target of $165.23.

United Parcel Service Stock Up 0.1 %

Shares of UPS traded up $0.20 during mid-day trading on Friday, reaching $147.59. 2,607,558 shares of the stock traded hands, compared to its average volume of 3,897,331. The firm has a market cap of $125.84 billion, a price-to-earnings ratio of 21.38, a P/E/G ratio of 1.69 and a beta of 1.05. The stock has a fifty day simple moving average of $149.56 and a 200 day simple moving average of $150.96. United Parcel Service, Inc. has a 12-month low of $133.68 and a 12-month high of $192.98. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 1.11.

United Parcel Service (NYSE:UPS) last released its quarterly earnings results on Tuesday, April 23rd. The transportation company reported $1.43 earnings per share for the quarter, topping analysts’ consensus estimates of $1.33 by $0.10. United Parcel Service had a net margin of 6.60% and a return on equity of 37.42%. The business had revenue of $21.70 billion during the quarter, compared to the consensus estimate of $21.84 billion. During the same quarter last year, the company earned $2.20 earnings per share. The business’s quarterly revenue was down 5.3% compared to the same quarter last year. Sell-side analysts expect that United Parcel Service, Inc. will post 8.22 EPS for the current fiscal year.

United Parcel Service Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 8th. Stockholders of record on Tuesday, February 20th were given a dividend of $1.63 per share. The ex-dividend date was Friday, February 16th. This represents a $6.52 dividend on an annualized basis and a dividend yield of 4.42%. This is an increase from United Parcel Service’s previous quarterly dividend of $1.62. United Parcel Service’s dividend payout ratio (DPR) is presently 94.49%.

Insider Transactions at United Parcel Service

In related news, Director Eva C. Boratto purchased 1,400 shares of the firm’s stock in a transaction dated Friday, February 2nd. The stock was acquired at an average price of $142.30 per share, with a total value of $199,220.00. Following the completion of the transaction, the director now owns 1,400 shares of the company’s stock, valued at $199,220. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.13% of the company’s stock.

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.