Visionary Wealth Advisors Has $7.58 Million Stock Holdings in United Parcel Service, Inc. (NYSE:UPS)

Visionary Wealth Advisors lowered its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 25.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 60,133 shares of the transportation company’s stock after selling 20,118 shares during the quarter. Visionary Wealth Advisors’ holdings in United Parcel Service were worth $7,583,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Hennion & Walsh Asset Management Inc. grew its stake in shares of United Parcel Service by 68.1% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 12,937 shares of the transportation company’s stock valued at $1,631,000 after buying an additional 5,241 shares in the last quarter. Sax Wealth Advisors LLC raised its stake in United Parcel Service by 31.1% in the 4th quarter. Sax Wealth Advisors LLC now owns 6,229 shares of the transportation company’s stock worth $786,000 after purchasing an additional 1,476 shares in the last quarter. HB Wealth Management LLC boosted its holdings in United Parcel Service by 18.8% in the 4th quarter. HB Wealth Management LLC now owns 39,106 shares of the transportation company’s stock valued at $4,931,000 after purchasing an additional 6,183 shares during the period. Ameritas Advisory Services LLC grew its position in shares of United Parcel Service by 636.8% during the 4th quarter. Ameritas Advisory Services LLC now owns 58,465 shares of the transportation company’s stock worth $7,372,000 after purchasing an additional 50,530 shares in the last quarter. Finally, Financial Management Professionals Inc. increased its holdings in shares of United Parcel Service by 7.3% during the fourth quarter. Financial Management Professionals Inc. now owns 2,714 shares of the transportation company’s stock worth $342,000 after purchasing an additional 184 shares during the period. 60.26% of the stock is owned by institutional investors.

United Parcel Service Price Performance

Shares of NYSE UPS opened at $101.20 on Monday. The company has a quick ratio of 1.14, a current ratio of 1.17 and a debt-to-equity ratio of 1.16. The company has a market capitalization of $86.44 billion, a PE ratio of 14.97, a P/E/G ratio of 1.55 and a beta of 1.23. The firm has a fifty day simple moving average of $102.36 and a 200 day simple moving average of $117.49. United Parcel Service, Inc. has a twelve month low of $90.55 and a twelve month high of $149.57.

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

United Parcel Service Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 5th. Stockholders of record on Monday, May 19th will be paid a $1.64 dividend. The ex-dividend date is Monday, May 19th. This represents a $6.56 annualized dividend and a dividend yield of 6.48%. United Parcel Service’s dividend payout ratio is currently 95.63%.

Analysts Set New Price Targets

UPS has been the topic of a number of analyst reports. Galvan Research reduced their price target 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. Raymond James decreased their price target on United Parcel Service from $145.00 to $130.00 and set a “strong-buy” rating on the stock in a research report on Wednesday, April 9th. BMO Capital Markets cut their price objective on shares of United Parcel Service from $130.00 to $125.00 and set an “outperform” rating for the company in a research report on Wednesday, April 30th. Baird R W lowered shares of United Parcel Service from a “strong-buy” rating to a “hold” rating in a report on Friday, January 31st. Finally, Stifel Nicolaus dropped their target price on shares of United Parcel Service from $145.00 to $124.00 and set a “buy” rating for the company in a research report on Wednesday, April 30th. Two equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, United Parcel Service has a consensus rating of “Hold” and a consensus target price of $120.26.

About United Parcel Service

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.