United Parcel Service, Inc. (NYSE:UPS) Shares Sold by Accurate Wealth Management LLC

Accurate Wealth Management LLC lowered its position in United Parcel Service, Inc. (NYSE:UPS) by 18.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,243 shares of the transportation company’s stock after selling 745 shares during the quarter. Accurate Wealth Management LLC’s holdings in United Parcel Service were worth $357,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in United Parcel Service by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 65,136,394 shares of the transportation company’s stock worth $8,213,699,000 after acquiring an additional 370,705 shares during the period. Charles Schwab Investment Management Inc. raised its stake in United Parcel Service by 6.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 23,264,665 shares of the transportation company’s stock worth $2,933,674,000 after acquiring an additional 1,337,058 shares during the period. Geode Capital Management LLC raised its stake in United Parcel Service by 2.7% during the fourth quarter. Geode Capital Management LLC now owns 15,704,334 shares of the transportation company’s stock worth $1,979,695,000 after acquiring an additional 414,710 shares during the period. Franklin Resources Inc. raised its stake in United Parcel Service by 15.6% during the fourth quarter. Franklin Resources Inc. now owns 10,979,909 shares of the transportation company’s stock worth $1,384,567,000 after acquiring an additional 1,484,452 shares during the period. Finally, FMR LLC increased its stake in shares of United Parcel Service by 2.5% in the fourth quarter. FMR LLC now owns 10,895,828 shares of the transportation company’s stock valued at $1,373,964,000 after purchasing an additional 268,278 shares during the period. Institutional investors and hedge funds own 60.26% of the company’s stock.

United Parcel Service Trading Down 1.2%

United Parcel Service stock opened at $101.21 on Thursday. United Parcel Service, Inc. has a one year low of $90.55 and a one year high of $148.15. The company’s fifty day moving average price is $97.22 and its two-hundred day moving average price is $113.33. 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 company has a market capitalization of $85.70 billion, a price-to-earnings ratio of 14.97, a PEG ratio of 1.55 and a beta of 1.22.

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

United Parcel Service Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 5th. Stockholders of record on Monday, May 19th were given a dividend of $1.64 per share. The ex-dividend date of this dividend was Monday, May 19th. This represents a $6.56 annualized dividend and a dividend yield of 6.48%. United Parcel Service’s dividend payout ratio (DPR) is currently 95.63%.

Wall Street Analyst Weigh In

Several brokerages have commented on UPS. JPMorgan Chase & Co. dropped their price target on shares of United Parcel Service from $120.00 to $115.00 and set a “neutral” rating on the stock in a research note on Monday, April 7th. Citigroup decreased their price objective on shares of United Parcel Service from $149.00 to $123.00 and set a “buy” rating for the company in a report on Tuesday, April 8th. Bank of America increased their price objective on shares of United Parcel Service from $111.00 to $115.00 and gave the company a “buy” rating in a report on Friday, May 16th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of United Parcel Service in a report on Friday, March 7th. They issued a “hold” rating and a $119.00 price objective for the company. Finally, HSBC cut shares of United Parcel Service from a “buy” rating to a “hold” rating and set a $105.00 price objective for the company. in a report on Thursday, May 1st. Two research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus 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.