Revolve Wealth Partners LLC Has $461,000 Holdings in United Parcel Service, Inc. (NYSE:UPS)

Revolve Wealth Partners LLC cut its holdings in United Parcel Service, Inc. (NYSE:UPS) by 5.3% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,187 shares of the transportation company’s stock after selling 235 shares during the period. Revolve Wealth Partners LLC’s holdings in United Parcel Service were worth $461,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Quent Capital LLC raised its holdings in shares of United Parcel Service by 16.7% in the fourth quarter. Quent Capital LLC now owns 558 shares of the transportation company’s stock valued at $70,000 after purchasing an additional 80 shares during the last quarter. Altus Wealth Group LLC grew its stake in shares of United Parcel Service by 4.6% in the fourth quarter. Altus Wealth Group LLC now owns 2,022 shares of the transportation company’s stock valued at $255,000 after buying an additional 89 shares in the last quarter. Alliance Wealth Advisors LLC grew its stake in shares of United Parcel Service by 3.8% in the fourth quarter. Alliance Wealth Advisors LLC now owns 2,559 shares of the transportation company’s stock valued at $323,000 after buying an additional 94 shares in the last quarter. Morningstar Investment Management LLC grew its stake in shares of United Parcel Service by 1.9% in the fourth quarter. Morningstar Investment Management LLC now owns 5,052 shares of the transportation company’s stock valued at $637,000 after buying an additional 95 shares in the last quarter. Finally, Colonial Trust Co SC grew its stake in shares of United Parcel Service by 1.4% in the fourth quarter. Colonial Trust Co SC now owns 7,227 shares of the transportation company’s stock valued at $911,000 after buying an additional 98 shares in the last quarter. 60.26% of the stock is currently owned by institutional investors and hedge funds.

United Parcel Service Trading Up 1.4%

UPS opened at $98.24 on Friday. United Parcel Service, Inc. has a twelve month low of $90.55 and a twelve month high of $148.15. The company has a 50-day simple moving average of $97.32 and a 200 day simple moving average of $113.86. The company has a quick ratio of 1.14, a current ratio of 1.17 and a debt-to-equity ratio of 1.16. The stock has a market capitalization of $83.19 billion, a price-to-earnings ratio of 14.53, a P/E/G ratio of 1.55 and a beta of 1.22.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings data 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. The business had revenue of $21.50 billion during the quarter, compared to analysts’ expectations of $21.25 billion. United Parcel Service had a net margin of 6.35% and a return on equity of 39.13%. United Parcel Service’s revenue was down .9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.43 earnings per share. Analysts predict that United Parcel Service, Inc. will post 7.95 EPS for the current fiscal year.

United Parcel Service Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 5th. Shareholders of record on Monday, May 19th were paid a dividend of $1.64 per share. This represents a $6.56 annualized dividend and a yield of 6.68%. The ex-dividend date was Monday, May 19th. United Parcel Service’s payout ratio is 95.63%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on UPS. Deutsche Bank Aktiengesellschaft began coverage on shares of United Parcel Service in a research note on Friday, March 7th. They issued a “hold” rating and a $119.00 target price for the company. Raymond James decreased their target price on shares of United Parcel Service from $145.00 to $130.00 and set a “strong-buy” rating for the company in a research note on Wednesday, April 9th. JPMorgan Chase & Co. reduced their price objective on shares of United Parcel Service from $120.00 to $115.00 and set a “neutral” rating for the company in a research report on Monday, April 7th. Loop Capital reduced their price objective on shares of United Parcel Service from $115.00 to $105.00 and set a “hold” rating for the company in a research report on Wednesday, April 30th. Finally, Wells Fargo & Company reaffirmed an “equal weight” rating and set a $98.00 price objective (down from $120.00) on shares of United Parcel Service in a research report on Tuesday, April 22nd. Two equities 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 given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $120.26.

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.