Kestra Private Wealth Services LLC Trims Holdings in United Parcel Service, Inc. $UPS

Kestra Private Wealth Services LLC lowered its holdings in United Parcel Service, Inc. (NYSE:UPS) by 10.2% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 43,247 shares of the transportation company’s stock after selling 4,890 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in United Parcel Service were worth $4,255,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in UPS. University of Texas Texas AM Investment Management Co. bought a new position in shares of United Parcel Service during the fourth quarter valued at approximately $25,000. IFC & Insurance Marketing Inc. bought a new stake in United Parcel Service in the fourth quarter valued at $25,000. Coston McIsaac & Partners increased its position in United Parcel Service by 77.8% during the 4th quarter. Coston McIsaac & Partners now owns 272 shares of the transportation company’s stock valued at $27,000 after purchasing an additional 119 shares during the period. Torren Management LLC purchased a new position in United Parcel Service during the 4th quarter valued at $29,000. Finally, Kemnay Advisory Services Inc. bought a new position in United Parcel Service in the 4th quarter worth $29,000. 60.26% of the stock is owned by hedge funds and other institutional investors.

United Parcel Service Stock Down 1.0%

Shares of United Parcel Service stock opened at $108.22 on Friday. The stock has a market cap of $91.99 billion, a price-to-earnings ratio of 17.51, a PEG ratio of 1.74 and a beta of 1.05. The firm’s 50-day moving average is $104.58 and its two-hundred day moving average is $104.88. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.21 and a quick ratio of 1.21. United Parcel Service, Inc. has a 1 year low of $82.00 and a 1 year high of $122.41.

United Parcel Service (NYSE:UPS) last posted its earnings results on Tuesday, April 28th. The transportation company reported $1.07 earnings per share for the quarter, topping analysts’ consensus estimates of $1.02 by $0.05. The company had revenue of $21.20 billion during the quarter, compared to analyst estimates of $20.99 billion. United Parcel Service had a return on equity of 35.95% and a net margin of 5.94%.United Parcel Service’s revenue was down 1.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.49 earnings per share. As a group, research analysts expect that United Parcel Service, Inc. will post 7.1 earnings per share for the current fiscal year.

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 paid a $1.64 dividend. This represents a $6.56 annualized dividend and a yield of 6.1%. The ex-dividend date was Monday, May 18th. United Parcel Service’s dividend payout ratio (DPR) is 106.15%.

Analysts Set New Price Targets

Several brokerages have commented on UPS. Evercore lowered their price objective on United Parcel Service from $115.00 to $113.00 and set an “in-line” rating for the company in a research report on Wednesday, April 22nd. Citigroup lifted their price target on shares of United Parcel Service from $118.00 to $127.00 and gave the stock a “buy” rating in a research note on Wednesday, April 29th. Susquehanna increased 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. UBS Group reduced their price objective on United Parcel Service from $125.00 to $123.00 and set a “buy” rating for the company in a research note on Wednesday, April 29th. Finally, Weiss Ratings lowered shares of United Parcel Service from a “hold (c)” rating to a “sell (d+)” rating in a research report on Friday, May 8th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, eleven have given a Hold rating and four have given a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $111.50.

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.