Pathstone Holdings LLC Sells 13,754 Shares of United Parcel Service, Inc. (NYSE:UPS)

Pathstone Holdings LLC lowered its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 14.3% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 82,637 shares of the transportation company’s stock after selling 13,754 shares during the period. Pathstone Holdings LLC’s holdings in United Parcel Service were worth $10,424,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the business. Wedmont Private Capital raised its stake in United Parcel Service by 30.2% during the fourth quarter. Wedmont Private Capital now owns 3,133 shares of the transportation company’s stock worth $386,000 after buying an additional 726 shares during the last quarter. Accurate Wealth Management LLC grew its holdings in United Parcel Service by 22.3% in the fourth quarter. Accurate Wealth Management LLC now owns 3,988 shares of the transportation company’s stock worth $492,000 after purchasing an additional 727 shares during the period. SeaCrest Wealth Management LLC grew its holdings in United Parcel Service by 2.9% in the fourth quarter. SeaCrest Wealth Management LLC now owns 5,393 shares of the transportation company’s stock worth $680,000 after purchasing an additional 150 shares during the period. Pines Wealth Management LLC acquired a new stake in United Parcel Service in the fourth quarter worth $353,000. Finally, Fifth Third Wealth Advisors LLC grew its holdings in United Parcel Service by 41.3% in the fourth quarter. Fifth Third Wealth Advisors LLC now owns 13,767 shares of the transportation company’s stock worth $1,736,000 after purchasing an additional 4,021 shares during the period. Institutional investors own 60.26% of the company’s stock.

Wall Street Analyst Weigh In

UPS has been the subject of several recent research reports. Stifel Nicolaus decreased 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. HSBC downgraded shares of United Parcel Service from a “buy” rating to a “hold” rating and set a $105.00 target price for the company. in a research report on Thursday, May 1st. Evercore ISI boosted their target price on shares of United Parcel Service from $141.00 to $147.00 and gave the stock an “in-line” rating in a research report on Wednesday, January 22nd. Deutsche Bank Aktiengesellschaft initiated coverage on shares of United Parcel Service in a research report on Friday, March 7th. They set a “hold” rating and a $119.00 target price for the company. Finally, Baird R W downgraded shares of United Parcel Service from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 31st. Two research analysts have rated the stock with a sell rating, thirteen have given a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $120.87.

United Parcel Service Price Performance

NYSE UPS opened at $100.26 on Friday. United Parcel Service, Inc. has a 12-month low of $90.55 and a 12-month high of $150.03. The firm’s fifty day simple moving average is $102.66 and its two-hundred day simple moving average is $117.95. The company has a current ratio of 1.17, a quick ratio of 1.14 and a debt-to-equity ratio of 1.16. The firm has a market capitalization of $85.64 billion, a P/E ratio of 14.83, a P/E/G ratio of 1.55 and a beta of 1.23.

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

United Parcel Service Announces Dividend

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

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.