Blackston Financial Advisory Group LLC Sells 256 Shares of United Parcel Service, Inc. (NYSE:UPS)

Blackston Financial Advisory Group LLC trimmed its position in United Parcel Service, Inc. (NYSE:UPS) by 5.2% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 4,628 shares of the transportation company’s stock after selling 256 shares during the quarter. Blackston Financial Advisory Group LLC’s holdings in United Parcel Service were worth $509,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the company. IMG Wealth Management Inc. bought a new position in shares of United Parcel Service in the fourth quarter valued at about $25,000. Generali Investments Management Co LLC acquired a new position in United Parcel Service in the 4th quarter valued at about $26,000. Pinney & Scofield Inc. bought a new position in United Parcel Service in the 4th quarter valued at about $27,000. Fourth Dimension Wealth LLC bought a new stake in shares of United Parcel Service during the fourth quarter worth approximately $28,000. Finally, Runnymede Capital Advisors Inc. bought a new stake in shares of United Parcel Service during the fourth quarter worth approximately $30,000. 60.26% of the stock is currently owned by institutional investors and hedge funds.

United Parcel Service Trading Up 1.1%

Shares of United Parcel Service stock opened at $101.07 on Tuesday. The firm’s 50 day moving average is $97.68 and its 200 day moving average is $112.27. The firm has a market capitalization of $85.59 billion, a PE ratio of 14.95, a price-to-earnings-growth ratio of 1.55 and a beta of 1.22. United Parcel Service, Inc. has a 1 year low of $90.55 and a 1 year high of $148.15. The company has a current ratio of 1.17, a quick ratio of 1.14 and a debt-to-equity ratio of 1.16.

United Parcel Service (NYSE:UPS) last issued its earnings results on Tuesday, April 29th. The transportation company reported $1.49 earnings per share for the quarter, beating analysts’ consensus estimates of $1.38 by $0.11. The firm had revenue of $21.50 billion for the quarter, compared to analyst estimates of $21.25 billion. United Parcel Service had a net margin of 6.35% and a return on equity of 39.13%. The company’s quarterly revenue was down .9% on a year-over-year basis. During the same quarter last year, the business posted $1.43 earnings per share. Equities research 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 company also recently disclosed a quarterly dividend, which was paid on Thursday, June 5th. Investors of record on Monday, May 19th were given a dividend of $1.64 per share. The ex-dividend date was Monday, May 19th. This represents a $6.56 dividend on an annualized basis and a yield of 6.49%. United Parcel Service’s dividend payout ratio is currently 95.63%.

Analyst Ratings Changes

UPS has been the topic of a number of recent research reports. Oppenheimer lowered their target price on United Parcel Service from $126.00 to $114.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 30th. Galvan Research lowered their price objective on United Parcel Service from $147.00 to $133.00 and set a “buy” rating on the stock in a research report on Wednesday, April 9th. Deutsche Bank Aktiengesellschaft started coverage on shares of United Parcel Service in a research report on Friday, March 7th. They issued a “hold” rating and a $119.00 target price for the company. Truist Financial lowered their price target on shares of United Parcel Service from $140.00 to $130.00 and set a “buy” rating on the stock in a research report on Thursday, April 24th. Finally, Bank of America boosted 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. Two investment analysts have rated the stock with a sell rating, thirteen have given a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $120.26.

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.