Maltin Wealth Management Inc. Reduces Stock Position in United Parcel Service, Inc. (NYSE:UPS)

Maltin Wealth Management Inc. decreased its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 13.1% in the first quarter, HoldingsChannel reports. The fund owned 16,029 shares of the transportation company’s stock after selling 2,422 shares during the quarter. Maltin Wealth Management Inc.’s holdings in United Parcel Service were worth $1,763,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of the business. Gilman Hill Asset Management LLC grew its position in shares of United Parcel Service by 47.8% during the 1st quarter. Gilman Hill Asset Management LLC now owns 79,591 shares of the transportation company’s stock valued at $8,754,000 after acquiring an additional 25,733 shares during the period. Naples Global Advisors LLC grew its position in shares of United Parcel Service by 4.4% during the 1st quarter. Naples Global Advisors LLC now owns 49,892 shares of the transportation company’s stock valued at $5,488,000 after acquiring an additional 2,094 shares during the period. LS Investment Advisors LLC boosted its holdings in United Parcel Service by 76.9% in the 1st quarter. LS Investment Advisors LLC now owns 8,640 shares of the transportation company’s stock worth $950,000 after buying an additional 3,755 shares during the period. HF Advisory Group LLC boosted its holdings in United Parcel Service by 27.9% in the 1st quarter. HF Advisory Group LLC now owns 13,236 shares of the transportation company’s stock worth $1,456,000 after buying an additional 2,886 shares during the period. Finally, Matrix Trust Co boosted its holdings in United Parcel Service by 1.4% in the 1st quarter. Matrix Trust Co now owns 9,766 shares of the transportation company’s stock worth $1,074,000 after buying an additional 133 shares during the period. Institutional investors own 60.26% of the company’s stock.

United Parcel Service Price Performance

NYSE UPS opened at $98.57 on Thursday. The company has a 50 day simple moving average of $97.81 and a 200-day simple moving average of $114.49. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.17 and a quick ratio of 1.14. The firm has a market capitalization of $83.47 billion, a price-to-earnings ratio of 14.58, a price-to-earnings-growth ratio of 1.55 and a beta of 1.23. United Parcel Service, Inc. has a 52-week low of $90.55 and a 52-week high of $148.15.

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

United Parcel Service Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 5th. Investors of record on Monday, May 19th will be issued a $1.64 dividend. The ex-dividend date is Monday, May 19th. This represents a $6.56 dividend on an annualized basis and a yield of 6.66%. United Parcel Service’s dividend payout ratio is currently 95.63%.

Wall Street Analysts Forecast Growth

UPS has been the subject of several recent analyst reports. Stifel Nicolaus dropped 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 report on Wednesday, April 30th. Galvan Research cut their price target on shares of United Parcel Service from $147.00 to $133.00 and set a “buy” rating on the stock in a report on Wednesday, April 9th. UBS Group dropped their target price on shares of United Parcel Service from $141.00 to $127.00 and set a “buy” rating on the stock in a research note on Thursday, April 3rd. Barclays dropped their target price on shares of United Parcel Service from $100.00 to $90.00 and set an “underweight” rating on the stock in a research note on Monday, March 31st. Finally, Wall Street Zen downgraded shares of United Parcel Service from a “buy” rating to a “hold” rating in a research note on Wednesday, May 7th. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $120.26.

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.