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

Quadcap Wealth Management LLC reduced its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 3.7% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,680 shares of the transportation company’s stock after selling 182 shares during the quarter. Quadcap Wealth Management LLC’s holdings in United Parcel Service were worth $590,000 as of its most recent filing with the SEC.

A number of other large investors have also recently made changes to their positions in UPS. Pacific Sage Partners LLC grew its stake in shares of United Parcel Service by 4.8% during the fourth quarter. Pacific Sage Partners LLC now owns 1,677 shares of the transportation company’s stock valued at $212,000 after purchasing an additional 77 shares during the last quarter. Quent Capital LLC boosted its position in shares of United Parcel Service by 16.7% during the fourth quarter. Quent Capital LLC now owns 558 shares of the transportation company’s stock worth $70,000 after purchasing an additional 80 shares in the last quarter. Altus Wealth Group LLC raised its holdings in shares of United Parcel Service by 4.6% during the fourth quarter. Altus Wealth Group LLC now owns 2,022 shares of the transportation company’s stock worth $255,000 after acquiring an additional 89 shares during the period. Empirical Asset Management LLC raised its holdings in shares of United Parcel Service by 0.8% during the fourth quarter. Empirical Asset Management LLC now owns 12,036 shares of the transportation company’s stock worth $1,518,000 after acquiring an additional 93 shares during the period. Finally, Alliance Wealth Advisors LLC increased its stake in United Parcel Service by 3.8% in the 4th quarter. Alliance Wealth Advisors LLC now owns 2,559 shares of the transportation company’s stock valued at $323,000 after buying an additional 94 shares during the last quarter. 60.26% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on UPS shares. 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 research report on Tuesday, April 8th. UBS Group cut their price target on United Parcel Service from $141.00 to $127.00 and set a “buy” rating for the company in a research note on Thursday, April 3rd. Bank of America cut their target price on United Parcel Service from $133.00 to $129.00 and set a “buy” rating for the company in a research note on Tuesday, March 25th. Wells Fargo & Company reiterated an “equal weight” rating and set a $98.00 price target (down from $120.00) on shares of United Parcel Service in a report on Tuesday, April 22nd. Finally, Loop Capital lowered their price target on shares of United Parcel Service from $115.00 to $105.00 and set a “hold” rating for the company in a report on Wednesday, April 30th. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, United Parcel Service has an average rating of “Hold” and a consensus target price of $120.87.

United Parcel Service Stock Up 0.6%

United Parcel Service stock opened at $100.26 on Friday. 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, Inc. has a 1-year low of $90.55 and a 1-year high of $150.03. The firm has a market capitalization of $85.64 billion, a price-to-earnings ratio of 14.83, a price-to-earnings-growth ratio of 1.55 and a beta of 1.23. The firm’s fifty day moving average price is $102.66 and its two-hundred day moving average price is $117.95.

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

United Parcel Service Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 5th. Stockholders of record on Monday, May 19th will be given a dividend of $1.64 per share. This represents a $6.56 dividend on an annualized basis and a dividend yield of 6.54%. The ex-dividend date is Monday, May 19th. United Parcel Service’s dividend payout ratio is currently 95.63%.

United Parcel Service Company 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.