United Parcel Service, Inc. $UPS Shares Sold by Steel Grove Capital Advisors LLC

Steel Grove Capital Advisors LLC cut its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 75.7% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 3,739 shares of the transportation company’s stock after selling 11,673 shares during the quarter. Steel Grove Capital Advisors LLC’s holdings in United Parcel Service were worth $371,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Shrier Wealth Management LLC purchased a new position in United Parcel Service during the 4th quarter worth approximately $1,099,000. Victory Capital Management Inc. raised its position in United Parcel Service by 10.5% during the 3rd quarter. Victory Capital Management Inc. now owns 7,991,490 shares of the transportation company’s stock worth $667,109,000 after buying an additional 761,217 shares during the last quarter. Jaffetilchin Investment Partners LLC raised its position in United Parcel Service by 192.7% during the 4th quarter. Jaffetilchin Investment Partners LLC now owns 19,734 shares of the transportation company’s stock worth $1,957,000 after buying an additional 12,993 shares during the last quarter. Integrity Advisory Solutions LLC purchased a new position in United Parcel Service during the 3rd quarter worth approximately $6,868,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. raised its position in United Parcel Service by 5.1% during the 3rd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,470,790 shares of the transportation company’s stock worth $122,855,000 after buying an additional 71,764 shares during the last quarter. 60.26% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Weiss Ratings lowered shares of United Parcel Service from a “hold (c)” rating to a “sell (d+)” rating in a report on Friday, May 8th. Wells Fargo & Company lifted their target price on shares of United Parcel Service from $96.00 to $110.00 and gave the company an “equal weight” rating in a report on Wednesday, January 28th. UBS Group cut their target price on shares of United Parcel Service from $125.00 to $123.00 and set a “buy” rating for the company in a report on Wednesday, April 29th. Deutsche Bank Aktiengesellschaft raised their target price on United Parcel Service from $88.00 to $106.00 and gave the company a “hold” rating in a research report on Wednesday, January 28th. Finally, BMO Capital Markets raised their target price on United Parcel Service from $105.00 to $110.00 and gave the company a “market perform” rating in a research report on Wednesday, January 28th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, eleven have issued a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat.com, United Parcel Service currently has an average rating of “Hold” and an average price target of $111.50.

United Parcel Service Price Performance

United Parcel Service stock opened at $104.43 on Thursday. United Parcel Service, Inc. has a 52-week low of $82.00 and a 52-week high of $122.41. The firm has a market capitalization of $88.77 billion, a price-to-earnings ratio of 16.90, a PEG ratio of 1.62 and a beta of 1.06. The company has a fifty day simple moving average of $100.64 and a 200-day simple moving average of $102.98. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 1.50.

United Parcel Service (NYSE:UPS) last released its earnings results on Tuesday, April 28th. The transportation company reported $1.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.02 by $0.05. United Parcel Service had a net margin of 5.94% and a return on equity of 35.95%. The business had revenue of $21.20 billion during the quarter, compared to analyst estimates of $20.99 billion. During the same quarter in the prior year, the firm earned $1.49 earnings per share. The company’s revenue for the quarter was down 1.4% compared to the same quarter last year. On average, equities analysts anticipate that United Parcel Service, Inc. will post 7.1 EPS for the current fiscal year.

United Parcel Service Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 4th. Shareholders of record on Monday, May 18th will be paid a dividend of $1.64 per share. This represents a $6.56 annualized dividend and a yield of 6.3%. The ex-dividend date of this dividend is Monday, May 18th. United Parcel Service’s dividend payout ratio (DPR) is 106.15%.

About United Parcel Service

United Parcel Service (NYSE: UPS) is a global package delivery and supply chain management company that provides a broad range of transportation, logistics and e-commerce services. Its core business centers on small-package delivery and last-mile distribution for business and individual customers, supported by a network of ground transportation, air cargo operations (UPS Airlines) and sorting facilities. In addition to parcel delivery, UPS offers freight transportation, contract logistics, warehousing, customs brokerage and reverse-logistics solutions designed to support domestic and international commerce.

The company traces its roots to 1907 when it began as a small messenger service in the United States and later evolved into the United Parcel Service.