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

Brady Martz Wealth Solutions LLC lessened its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 2.2% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,718 shares of the transportation company’s stock after selling 107 shares during the quarter. Brady Martz Wealth Solutions LLC’s holdings in United Parcel Service were worth $519,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of UPS. IMG Wealth Management Inc. purchased a new position in shares of United Parcel Service during the fourth quarter valued at approximately $25,000. Generali Investments Management Co LLC purchased a new position in United Parcel Service during the 4th quarter valued at $26,000. Pinney & Scofield Inc. purchased a new position in United Parcel Service during the 4th quarter valued at $27,000. Fourth Dimension Wealth LLC purchased a new position in United Parcel Service during the 4th quarter valued at $28,000. Finally, Runnymede Capital Advisors Inc. purchased a new stake in shares of United Parcel Service during the fourth quarter valued at $30,000. 60.26% of the stock is owned by hedge funds and other institutional investors.

United Parcel Service Trading Down 0.6%

NYSE:UPS opened at $99.12 on Thursday. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.24. The company has a market capitalization of $83.93 billion, a PE ratio of 14.45, a P/E/G ratio of 1.75 and a beta of 1.22. The stock’s 50 day moving average price is $97.67 and its 200 day moving average price is $112.10. United Parcel Service, Inc. has a 52-week low of $90.55 and a 52-week high of $148.15.

United Parcel Service (NYSE:UPS) last released its quarterly earnings results on Tuesday, April 29th. The transportation company reported $1.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.38 by $0.11. United Parcel Service had a return on equity of 40.15% and a net margin of 6.44%. The firm had revenue of $21.50 billion for the quarter, compared to analyst estimates of $21.25 billion. During the same quarter last year, the company posted $1.43 earnings per share. The business’s revenue was down .9% on a year-over-year basis. On average, research analysts anticipate that United Parcel Service, Inc. will post 7.95 EPS for the current year.

United Parcel Service Dividend Announcement

The company 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. This represents a $6.56 annualized dividend and a dividend yield of 6.62%. The ex-dividend date of this dividend was Monday, May 19th. United Parcel Service’s payout ratio is 95.63%.

Wall Street Analyst Weigh In

UPS has been the subject of several research reports. Truist Financial lowered their target price on United Parcel Service from $140.00 to $130.00 and set a “buy” rating for the company in a report on Thursday, April 24th. JPMorgan Chase & Co. reduced their target price on shares of United Parcel Service from $120.00 to $115.00 and set a “neutral” rating for the company in a report on Monday, April 7th. Galvan Research lowered their price target on United Parcel Service from $147.00 to $133.00 and set a “buy” rating on the stock in a research report on Wednesday, April 9th. Barclays decreased their price target on shares of United Parcel Service from $100.00 to $90.00 and set an “underweight” rating on the stock in a research note on Monday, March 31st. Finally, BMO Capital Markets reduced their target price on United Parcel Service from $130.00 to $125.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 30th. Two equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, United Parcel Service presently has an average 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.