Accurate Wealth Management LLC Has $357,000 Holdings in United Parcel Service, Inc. (NYSE:UPS)

Accurate Wealth Management LLC cut its position in United Parcel Service, Inc. (NYSE:UPS) by 18.7% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,243 shares of the transportation company’s stock after selling 745 shares during the period. Accurate Wealth Management LLC’s holdings in United Parcel Service were worth $357,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. IMG Wealth Management Inc. bought a new stake in shares of United Parcel Service during the fourth quarter worth approximately $25,000. Generali Investments Management Co LLC bought a new stake in shares of United Parcel Service during the fourth quarter worth approximately $26,000. Pinney & Scofield Inc. bought a new stake in shares of United Parcel Service during the fourth quarter worth approximately $27,000. Fourth Dimension Wealth LLC bought a new stake in shares of United Parcel Service during the fourth quarter worth approximately $28,000. Finally, Runnymede Capital Advisors Inc. bought a new stake in shares of United Parcel Service during the fourth quarter worth approximately $30,000. 60.26% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on UPS shares. Wall Street Zen downgraded shares of United Parcel Service from a “buy” rating to a “hold” rating in a research note on Wednesday, May 7th. Oppenheimer lowered their target price on shares of United Parcel Service from $126.00 to $114.00 and set an “outperform” rating for the company in a research note on Wednesday, April 30th. Loop Capital lowered their target price on shares of United Parcel Service from $115.00 to $105.00 and set a “hold” rating for the company in a research note on Wednesday, April 30th. Truist Financial lowered 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 note on Thursday, April 24th. Finally, Galvan Research lowered their target price 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. Two analysts have rated the stock with a sell rating, thirteen have given a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $120.26.

United Parcel Service Stock Performance

Shares of UPS opened at $101.21 on Thursday. United Parcel Service, Inc. has a 12 month low of $90.55 and a 12 month high of $148.15. The firm has a fifty day simple moving average of $97.22 and a 200 day simple moving average of $113.33. The stock has a market capitalization of $85.70 billion, a price-to-earnings ratio of 14.97, a PEG ratio of 1.55 and a beta of 1.22. 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 (NYSE:UPS) last announced its quarterly earnings results on Tuesday, April 29th. The transportation company reported $1.49 EPS for the quarter, beating analysts’ consensus estimates of $1.38 by $0.11. The firm had revenue of $21.50 billion during the quarter, compared to analysts’ expectations of $21.25 billion. United Parcel Service had a net margin of 6.35% and a return on equity of 39.13%. The company’s revenue for the quarter was down .9% compared to the same quarter last year. During the same quarter last year, the company posted $1.43 earnings per share. Research analysts forecast that United Parcel Service, Inc. will post 7.95 EPS for the current fiscal year.

United Parcel Service Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, June 5th. Shareholders of record on Monday, May 19th were paid a $1.64 dividend. This represents a $6.56 dividend on an annualized basis and a yield of 6.48%. The ex-dividend date was Monday, May 19th. United Parcel Service’s dividend payout ratio is currently 95.63%.

About United Parcel Service

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.