Orion Portfolio Solutions LLC Decreases Holdings in United Parcel Service, Inc. (NYSE:UPS)

Orion Portfolio Solutions LLC cut its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 16.2% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 79,120 shares of the transportation company’s stock after selling 15,286 shares during the quarter. Orion Portfolio Solutions LLC’s holdings in United Parcel Service were worth $12,653,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the business. Charles Schwab Investment Management Inc. raised its stake in shares of United Parcel Service by 4.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 15,889,570 shares of the transportation company’s stock worth $2,456,055,000 after acquiring an additional 628,944 shares in the last quarter. International Assets Investment Management LLC raised its stake in shares of United Parcel Service by 15,631.2% during the fourth quarter. International Assets Investment Management LLC now owns 14,502,261 shares of the transportation company’s stock worth $2,280,190,000 after acquiring an additional 14,410,073 shares in the last quarter. Wellington Management Group LLP raised its stake in shares of United Parcel Service by 31.7% during the third quarter. Wellington Management Group LLP now owns 9,677,202 shares of the transportation company’s stock worth $1,508,385,000 after acquiring an additional 2,331,875 shares in the last quarter. Franklin Resources Inc. grew its holdings in shares of United Parcel Service by 11.4% in the fourth 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 last quarter. Finally, Northern Trust Corp grew its holdings in shares of United Parcel Service by 0.4% in the third quarter. Northern Trust Corp now owns 8,411,989 shares of the transportation company’s stock worth $1,311,177,000 after purchasing an additional 31,533 shares during the last quarter. 60.26% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have recently issued reports on UPS shares. Susquehanna raised their target price on shares of United Parcel Service from $150.00 to $160.00 and gave the stock a “neutral” rating in a report on Wednesday, April 24th. Evercore ISI restated an “in-line” rating and issued a $154.00 target price on shares of United Parcel Service in a report on Wednesday, March 27th. TheStreet upgraded shares of United Parcel Service from a “c” rating to a “b-” rating in a report on Tuesday, January 30th. Bank of America raised their target price on shares of United Parcel Service from $157.00 to $160.00 and gave the stock a “neutral” rating in a report on Wednesday, April 24th. Finally, Barclays cut their price target on shares of United Parcel Service from $150.00 to $145.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 31st. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, United Parcel Service presently has an average rating of “Hold” and an average target price of $165.23.

United Parcel Service Stock Down 0.3 %

Shares of UPS traded down $0.44 during trading hours on Friday, hitting $138.66. The company had a trading volume of 2,995,428 shares, compared to its average volume of 2,760,187. The firm has a fifty day moving average price of $147.85 and a 200-day moving average price of $150.79. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.04 and a current ratio of 1.10. The stock has a market capitalization of $118.63 billion, a price-to-earnings ratio of 20.10, a P/E/G ratio of 1.76 and a beta of 1.05. United Parcel Service, Inc. has a 52-week low of $133.68 and a 52-week high of $192.98.

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

United Parcel Service Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 30th. Stockholders of record on Monday, May 13th will be given a $1.63 dividend. This represents a $6.52 annualized dividend and a dividend yield of 4.70%. The ex-dividend date of this dividend is Friday, May 10th. United Parcel Service’s dividend payout ratio is presently 94.49%.

United Parcel Service 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.