Capital Asset Advisory Services LLC Decreases Stock Position in United Parcel Service, Inc. (NYSE:UPS)

Capital Asset Advisory Services LLC decreased its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 16.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,161 shares of the transportation company’s stock after selling 828 shares during the period. Capital Asset Advisory Services LLC’s holdings in United Parcel Service were worth $458,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in UPS. LaFleur & Godfrey LLC boosted its position in shares of United Parcel Service by 62.8% during the 4th quarter. LaFleur & Godfrey LLC now owns 6,225 shares of the transportation company’s stock valued at $785,000 after acquiring an additional 2,401 shares during the last quarter. Brighton Jones LLC lifted its position in United Parcel Service by 63.8% during the fourth quarter. Brighton Jones LLC now owns 12,126 shares of the transportation company’s stock valued at $1,529,000 after purchasing an additional 4,723 shares during the last quarter. Spire Wealth Management grew its stake in shares of United Parcel Service by 8.5% in the 4th quarter. Spire Wealth Management now owns 11,071 shares of the transportation company’s stock worth $1,396,000 after buying an additional 871 shares in the last quarter. Golden State Equity Partners increased its holdings in shares of United Parcel Service by 394.5% in the 4th quarter. Golden State Equity Partners now owns 2,794 shares of the transportation company’s stock worth $352,000 after buying an additional 2,229 shares during the last quarter. Finally, Optas LLC raised its position in shares of United Parcel Service by 26.2% during the 4th quarter. Optas LLC now owns 2,198 shares of the transportation company’s stock valued at $277,000 after buying an additional 456 shares in the last quarter. 60.26% of the stock is owned by institutional investors.

United Parcel Service Trading Up 0.7%

Shares of NYSE:UPS opened at $98.03 on Wednesday. The company has a market capitalization of $83.01 billion, a PE ratio of 14.50, a P/E/G ratio of 1.55 and a beta of 1.23. 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 12-month low of $90.55 and a 12-month high of $148.15. The business’s fifty day simple moving average is $98.03 and its 200-day simple moving average is $114.61.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings data on Tuesday, April 29th. The transportation company reported $1.49 earnings per share for the quarter, beating analysts’ consensus estimates of $1.38 by $0.11. The company had revenue of $21.50 billion for the quarter, compared to the consensus estimate of $21.25 billion. United Parcel Service had a return on equity of 39.13% and a net margin of 6.35%. The firm’s revenue for the quarter was down .9% compared to the same quarter last year. During the same quarter last year, the company earned $1.43 earnings per share. As a group, equities research analysts predict that United Parcel Service, Inc. will post 7.95 earnings per share 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. Stockholders of record on Monday, May 19th will be given a $1.64 dividend. This represents a $6.56 dividend on an annualized basis and a dividend yield of 6.69%. The ex-dividend date of this dividend is Monday, May 19th. United Parcel Service’s payout ratio is currently 95.63%.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Citigroup reduced their price objective on United Parcel Service from $149.00 to $123.00 and set a “buy” rating on the stock in a research note on Tuesday, April 8th. Stifel Nicolaus cut their target price on United Parcel Service from $145.00 to $124.00 and set a “buy” rating on the stock in a research report on Wednesday, April 30th. JPMorgan Chase & Co. lowered their price target on United Parcel Service from $120.00 to $115.00 and set a “neutral” rating for the company in a research report on Monday, April 7th. Galvan Research dropped their price objective on shares of United Parcel Service from $147.00 to $133.00 and set a “buy” rating for the company in a research note on Wednesday, April 9th. Finally, Raymond James reduced their target price on shares of United Parcel Service from $145.00 to $130.00 and set a “strong-buy” rating on the stock in a research note on Wednesday, April 9th. Two research 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 stock. Based on data from MarketBeat.com, United Parcel Service has an average rating of “Hold” and a consensus price target 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.