EP Wealth Advisors LLC Decreases Stock Holdings in United Parcel Service, Inc. (NYSE:UPS)

EP Wealth Advisors LLC lessened its stake in United Parcel Service, Inc. (NYSE:UPSFree Report) by 6.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 17,299 shares of the transportation company’s stock after selling 1,230 shares during the quarter. EP Wealth Advisors LLC’s holdings in United Parcel Service were worth $2,720,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in UPS. International Assets Investment Management LLC increased its holdings in shares of United Parcel Service by 15,631.2% during the 4th quarter. International Assets Investment Management LLC now owns 14,502,261 shares of the transportation company’s stock worth $2,280,190,000 after buying an additional 14,410,073 shares during the last quarter. Norges Bank acquired a new stake in United Parcel Service during the fourth quarter worth $1,128,322,000. Wellington Management Group LLP raised its position in United Parcel Service by 31.7% in the third quarter. Wellington Management Group LLP now owns 9,677,202 shares of the transportation company’s stock valued at $1,508,385,000 after purchasing an additional 2,331,875 shares during the period. First Trust Advisors LP lifted its stake in shares of United Parcel Service by 208.1% in the 4th quarter. First Trust Advisors LP now owns 1,717,391 shares of the transportation company’s stock valued at $270,025,000 after purchasing an additional 1,160,005 shares during the last quarter. Finally, Franklin Resources Inc. grew its holdings in shares of United Parcel Service by 11.4% during the 4th quarter. Franklin Resources Inc. now owns 9,607,055 shares of the transportation company’s stock worth $1,510,517,000 after purchasing an additional 980,317 shares during the period. Hedge funds and other institutional investors own 60.26% of the company’s stock.

United Parcel Service Stock Performance

NYSE UPS traded up $0.76 during trading hours on Friday, hitting $135.65. The company had a trading volume of 3,800,244 shares, compared to its average volume of 3,265,808. The business has a 50 day moving average of $143.62 and a 200-day moving average of $149.86. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.04 and a current ratio of 1.10. United Parcel Service, Inc. has a 1-year low of $132.90 and a 1-year high of $192.98. The company has a market cap of $116.06 billion, a PE ratio of 19.66, a price-to-earnings-growth ratio of 1.72 and a beta of 1.01.

United Parcel Service (NYSE:UPSGet Free Report) last released its quarterly earnings results on Tuesday, April 23rd. The transportation company reported $1.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.33 by $0.10. United Parcel Service had a return on equity of 37.42% and a net margin of 6.60%. The firm had revenue of $21.70 billion for the quarter, compared to the consensus estimate of $21.84 billion. During the same quarter last year, the business posted $2.20 EPS. The firm’s quarterly revenue was down 5.3% compared to the same quarter last year. As a group, equities research analysts expect that United Parcel Service, Inc. will post 8.22 EPS for the current year.

United Parcel Service Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 30th. Stockholders of record on Monday, May 13th were issued a $1.63 dividend. The ex-dividend date of this dividend was Friday, May 10th. This represents a $6.52 dividend on an annualized basis and a dividend yield of 4.81%. United Parcel Service’s payout ratio is 94.49%.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. Morgan Stanley upped their target price on shares of United Parcel Service from $95.00 to $100.00 and gave the company an “underweight” rating in a research report on Wednesday, March 27th. Wells Fargo & Company started coverage on shares of United Parcel Service in a report on Friday, June 7th. They issued an “overweight” rating and a $156.00 target price for the company. Stifel Nicolaus cut their target price on United Parcel Service from $178.00 to $170.00 and set a “buy” rating on the stock in a research report on Thursday, March 28th. Bank of America raised their price target on United Parcel Service from $157.00 to $160.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 24th. Finally, Oppenheimer boosted their price objective on United Parcel Service from $153.00 to $157.00 and gave the company an “outperform” rating in a report on Wednesday, April 24th. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $164.95.

Check Out Our Latest Analysis on United Parcel Service

United Parcel Service Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for United Parcel Service (NYSE:UPS)

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