United Parcel Service, Inc. (NYSE:UPS) Shares Purchased by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. raised its holdings in United Parcel Service, Inc. (NYSE:UPS) by 12.8% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,463,762 shares of the transportation company’s stock after acquiring an additional 166,406 shares during the quarter. Envestnet Asset Management Inc. owned 0.17% of United Parcel Service worth $160,999,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Altus Wealth Group LLC grew its position in United Parcel Service by 4.6% during the fourth quarter. Altus Wealth Group LLC now owns 2,022 shares of the transportation company’s stock worth $255,000 after buying an additional 89 shares during the period. Colonial Trust Co SC boosted its stake in shares of United Parcel Service by 1.4% during the 4th quarter. Colonial Trust Co SC now owns 7,227 shares of the transportation company’s stock worth $911,000 after acquiring an additional 98 shares in the last quarter. Juncture Wealth Strategies LLC grew its holdings in shares of United Parcel Service by 2.5% in the 1st quarter. Juncture Wealth Strategies LLC now owns 4,124 shares of the transportation company’s stock worth $454,000 after acquiring an additional 101 shares during the period. TCV Trust & Wealth Management Inc. increased its stake in United Parcel Service by 1.4% in the 1st quarter. TCV Trust & Wealth Management Inc. now owns 7,544 shares of the transportation company’s stock valued at $830,000 after purchasing an additional 103 shares in the last quarter. Finally, Cohen & Steers Inc. raised its holdings in United Parcel Service by 5.3% during the fourth quarter. Cohen & Steers Inc. now owns 2,054 shares of the transportation company’s stock worth $259,000 after purchasing an additional 104 shares during the last quarter. Institutional investors and hedge funds own 60.26% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on UPS. Barclays dropped their price target on United Parcel Service from $100.00 to $90.00 and set an “underweight” rating for the company in a research report on Monday, March 31st. Raymond James Financial cut their target price on shares of United Parcel Service from $145.00 to $130.00 and set a “strong-buy” rating for the company in a research report on Wednesday, April 9th. Citigroup lowered their price target on shares of United Parcel Service from $149.00 to $123.00 and set a “buy” rating on the stock in a research report on Tuesday, April 8th. Loop Capital dropped their price objective 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. Finally, Susquehanna reduced their target price on United Parcel Service from $120.00 to $110.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 30th. Two analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $118.96.

United Parcel Service Trading Up 1.5%

Shares of UPS stock opened at $102.38 on Wednesday. United Parcel Service, Inc. has a 52-week low of $90.55 and a 52-week high of $148.15. The stock has a market cap of $86.70 billion, a price-to-earnings ratio of 14.92, a P/E/G ratio of 1.95 and a beta of 1.21. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.09 and a current ratio of 1.09. The firm has a fifty day moving average of $99.02 and a 200-day moving average of $109.43.

United Parcel Service (NYSE:UPS) last announced its 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. The business 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 6.44% and a return on equity of 40.15%. The firm’s revenue for the quarter was down .9% on a year-over-year basis. During the same quarter last year, the company posted $1.43 EPS. On average, equities research analysts forecast 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 declared a quarterly dividend, which was paid on Thursday, June 5th. Stockholders of record on Monday, May 19th were paid 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 6.41%. United Parcel Service’s dividend payout ratio (DPR) is currently 95.63%.

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.