Beacon Financial Advisory LLC lowered its stake in United Parcel Service, Inc. (NYSE:UPS – Free Report) by 60.1% during the fourth quarter, HoldingsChannel reports. The firm owned 4,692 shares of the transportation company’s stock after selling 7,061 shares during the quarter. Beacon Financial Advisory LLC’s holdings in United Parcel Service were worth $465,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also modified their holdings of the stock. Shrier Wealth Management LLC acquired a new position in United Parcel Service during the fourth quarter worth $1,099,000. Victory Capital Management Inc. grew its holdings in United Parcel Service by 10.5% during the third quarter. Victory Capital Management Inc. now owns 7,991,490 shares of the transportation company’s stock worth $667,109,000 after acquiring an additional 761,217 shares during the period. Bank of New York Mellon Corp grew its holdings in United Parcel Service by 1.5% during the fourth quarter. Bank of New York Mellon Corp now owns 4,541,742 shares of the transportation company’s stock worth $450,495,000 after acquiring an additional 65,652 shares during the period. Jaffetilchin Investment Partners LLC grew its holdings in United Parcel Service by 192.7% during the fourth quarter. Jaffetilchin Investment Partners LLC now owns 19,734 shares of the transportation company’s stock worth $1,957,000 after acquiring an additional 12,993 shares during the period. Finally, CWM LLC grew its holdings in United Parcel Service by 49.4% during the fourth quarter. CWM LLC now owns 297,357 shares of the transportation company’s stock worth $29,495,000 after acquiring an additional 98,309 shares during the period. Institutional investors and hedge funds own 60.26% of the company’s stock.
United Parcel Service Stock Up 1.2%
United Parcel Service stock opened at $110.15 on Wednesday. The company has a debt-to-equity ratio of 1.50, a quick ratio of 1.21 and a current ratio of 1.21. The firm has a market capitalization of $93.63 billion, a price-to-earnings ratio of 17.82, a price-to-earnings-growth ratio of 1.73 and a beta of 1.05. United Parcel Service, Inc. has a fifty-two week low of $82.00 and a fifty-two week high of $122.41. The stock’s fifty day moving average is $103.68 and its two-hundred day moving average is $104.33.
United Parcel Service Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, June 4th. Shareholders of record on Monday, May 18th were issued a $1.64 dividend. The ex-dividend date of this dividend was Monday, May 18th. This represents a $6.56 annualized dividend and a yield of 6.0%. United Parcel Service’s dividend payout ratio is 106.15%.
Wall Street Analyst Weigh In
A number of research analysts recently weighed in on UPS shares. Evercore dropped their price objective on United Parcel Service from $115.00 to $113.00 and set an “in-line” rating on the stock in a report on Wednesday, April 22nd. Weiss Ratings lowered United Parcel Service from a “hold (c)” rating to a “sell (d+)” rating in a report on Friday, May 8th. Citigroup upped their price objective on United Parcel Service from $118.00 to $127.00 and gave the stock a “buy” rating in a report on Wednesday, April 29th. UBS Group dropped their price objective on United Parcel Service from $125.00 to $123.00 and set a “buy” rating on the stock in a report on Wednesday, April 29th. Finally, Susquehanna upped their target price on United Parcel Service from $116.00 to $118.00 and gave the company a “neutral” rating in a report on Wednesday, April 29th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, eleven have assigned a Hold rating and four have assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $111.50.
Read Our Latest Analysis on United Parcel Service
About United Parcel Service
United Parcel Service (NYSE: UPS) is a global package delivery and supply chain management company that provides a broad range of transportation, logistics and e-commerce services. Its core business centers on small-package delivery and last-mile distribution for business and individual customers, supported by a network of ground transportation, air cargo operations (UPS Airlines) and sorting facilities. In addition to parcel delivery, UPS offers freight transportation, contract logistics, warehousing, customs brokerage and reverse-logistics solutions designed to support domestic and international commerce.
The company traces its roots to 1907 when it began as a small messenger service in the United States and later evolved into the United Parcel Service.
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