Brady Martz Wealth Solutions LLC Trims Stake in United Parcel Service, Inc. (NYSE:UPS)

Brady Martz Wealth Solutions LLC trimmed its position in United Parcel Service, Inc. (NYSE:UPS) by 2.2% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,718 shares of the transportation company’s stock after selling 107 shares during the period. Brady Martz Wealth Solutions LLC’s holdings in United Parcel Service were worth $519,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Vanguard Group Inc. lifted its position in United Parcel Service by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 65,136,394 shares of the transportation company’s stock worth $8,213,699,000 after buying an additional 370,705 shares during the period. Charles Schwab Investment Management Inc. raised its position in United Parcel Service by 6.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 23,264,665 shares of the transportation company’s stock valued at $2,933,674,000 after purchasing an additional 1,337,058 shares during the period. Geode Capital Management LLC raised its holdings in shares of United Parcel Service by 2.7% during the 4th quarter. Geode Capital Management LLC now owns 15,704,334 shares of the transportation company’s stock valued at $1,979,695,000 after buying an additional 414,710 shares during the period. Franklin Resources Inc. increased its stake in United Parcel Service by 15.6% during the 4th quarter. Franklin Resources Inc. now owns 10,979,909 shares of the transportation company’s stock worth $1,384,567,000 after buying an additional 1,484,452 shares during the period. Finally, FMR LLC increased its position in shares of United Parcel Service by 2.5% during the fourth quarter. FMR LLC now owns 10,895,828 shares of the transportation company’s stock worth $1,373,964,000 after acquiring an additional 268,278 shares during the last quarter. Hedge funds and other institutional investors own 60.26% of the company’s stock.

United Parcel Service Trading Down 0.6%

Shares of NYSE UPS opened at $99.12 on Thursday. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.24. The firm has a market capitalization of $83.93 billion, a PE ratio of 14.45, a PEG ratio of 1.75 and a beta of 1.22. The business has a 50-day moving average price of $97.67 and a two-hundred day moving average price of $112.10. United Parcel Service, Inc. has a one year low of $90.55 and a one year high of $148.15.

United Parcel Service (NYSE:UPS) last released its quarterly earnings data on Tuesday, April 29th. The transportation company reported $1.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.38 by $0.11. United Parcel Service had a net margin of 6.44% and a return on equity of 40.15%. The business had revenue of $21.50 billion during the quarter, compared to analyst estimates of $21.25 billion. During the same quarter in the previous year, the business earned $1.43 EPS. United Parcel Service’s quarterly revenue was down .9% compared to the same quarter last year. As a group, 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 was paid on Thursday, June 5th. Investors of record on Monday, May 19th were given a dividend of $1.64 per share. The ex-dividend date was Monday, May 19th. This represents a $6.56 annualized dividend and a dividend yield of 6.62%. United Parcel Service’s dividend payout ratio (DPR) is presently 95.63%.

Analyst Ratings Changes

A number of brokerages recently issued reports on UPS. Susquehanna dropped their price target on shares of United Parcel Service from $120.00 to $110.00 and set a “neutral” rating for the company in a research note on Wednesday, April 30th. Wall Street Zen lowered shares of United Parcel Service from a “buy” rating to a “hold” rating in a research report on Wednesday, May 7th. BMO Capital Markets decreased their price objective on United Parcel Service from $130.00 to $125.00 and set an “outperform” rating for the company in a report on Wednesday, April 30th. Truist Financial decreased their target price on shares of United Parcel Service from $140.00 to $130.00 and set a “buy” rating for the company in a research report on Thursday, April 24th. Finally, Wells Fargo & Company reiterated an “equal weight” rating and issued a $98.00 price objective (down from $120.00) on shares of United Parcel Service in a report on Tuesday, April 22nd. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, United Parcel Service currently has a consensus rating of “Hold” and a consensus target price of $120.26.

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.