Hennion & Walsh Asset Management Inc. Sells 341 Shares of United Parcel Service, Inc. (NYSE:UPS)

Hennion & Walsh Asset Management Inc. cut its position in United Parcel Service, Inc. (NYSE:UPS) by 2.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 12,596 shares of the transportation company’s stock after selling 341 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in United Parcel Service were worth $1,385,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of UPS. Norges Bank bought a new position in United Parcel Service in the fourth quarter valued at about $1,075,393,000. Raymond James Financial Inc. acquired a new stake in shares of United Parcel Service in the fourth quarter valued at about $393,680,000. Franklin Resources Inc. increased its stake in shares of United Parcel Service by 15.6% in the fourth quarter. Franklin Resources Inc. now owns 10,979,909 shares of the transportation company’s stock valued at $1,384,567,000 after buying an additional 1,484,452 shares during the period. Van ECK Associates Corp increased its stake in shares of United Parcel Service by 77.7% in the fourth quarter. Van ECK Associates Corp now owns 3,150,901 shares of the transportation company’s stock valued at $397,329,000 after buying an additional 1,378,136 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of 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 buying an additional 1,337,058 shares during the period. 60.26% of the stock is currently owned by institutional investors.

United Parcel Service Trading Up 1.4%

Shares of United Parcel Service stock opened at $98.24 on Friday. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.14 and a current ratio of 1.17. United Parcel Service, Inc. has a 52 week low of $90.55 and a 52 week high of $148.15. The stock has a 50 day moving average price of $97.32 and a two-hundred day moving average price of $113.99. The stock has a market capitalization of $83.19 billion, a PE ratio of 14.53, a price-to-earnings-growth ratio of 1.55 and a beta of 1.22.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings data on Tuesday, April 29th. The transportation company reported $1.49 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 firm had revenue of $21.50 billion during the quarter, compared to analysts’ expectations of $21.25 billion. During the same quarter last year, the firm posted $1.43 earnings per share. The company’s revenue for the quarter was down .9% compared to the same quarter last year. As a group, equities analysts anticipate that United Parcel Service, Inc. will post 7.95 earnings per share for the current fiscal year.

United Parcel Service Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, June 5th. Stockholders of record on Monday, May 19th were issued a $1.64 dividend. The ex-dividend date of this dividend was Monday, May 19th. This represents a $6.56 dividend on an annualized basis and a dividend yield of 6.68%. United Parcel Service’s dividend payout ratio is presently 95.63%.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on UPS. Stifel Nicolaus decreased their price target on United Parcel Service from $145.00 to $124.00 and set a “buy” rating for the company in a research note on Wednesday, April 30th. Wall Street Zen cut United Parcel Service from a “buy” rating to a “hold” rating in a research note on Wednesday, May 7th. Hsbc Global Res cut United Parcel Service from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 1st. Truist Financial decreased their price target on United Parcel Service from $140.00 to $130.00 and set a “buy” rating for the company in a research note on Thursday, April 24th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on United Parcel Service in a research note on Friday, March 7th. They issued a “hold” rating and a $119.00 price target for the company. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $120.26.

United Parcel Service Company 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.