GRIMES & Co WEALTH MANAGEMENT LLC Sells 98,735 Shares of United Parcel Service, Inc. $UPS

GRIMES & Co WEALTH MANAGEMENT LLC reduced its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 84.1% in the 4th quarter, Holdings Channel reports. The institutional investor owned 18,603 shares of the transportation company’s stock after selling 98,735 shares during the quarter. GRIMES & Co WEALTH MANAGEMENT LLC’s holdings in United Parcel Service were worth $1,845,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of UPS. Coston McIsaac & Partners grew its stake in shares of United Parcel Service by 77.8% during the 4th quarter. Coston McIsaac & Partners now owns 272 shares of the transportation company’s stock worth $27,000 after acquiring an additional 119 shares in the last quarter. Torren Management LLC bought a new stake in shares of United Parcel Service in the fourth quarter worth $29,000. Physician Wealth Advisors Inc. boosted its holdings in United Parcel Service by 76.5% during the third quarter. Physician Wealth Advisors Inc. now owns 376 shares of the transportation company’s stock worth $31,000 after purchasing an additional 163 shares during the last quarter. Activest Wealth Management boosted its holdings in United Parcel Service by 144.3% during the fourth quarter. Activest Wealth Management now owns 408 shares of the transportation company’s stock worth $40,000 after purchasing an additional 241 shares during the last quarter. Finally, Avion Wealth grew its position in United Parcel Service by 284.1% in the third quarter. Avion Wealth now owns 434 shares of the transportation company’s stock valued at $36,000 after purchasing an additional 321 shares in the last quarter. Institutional investors and hedge funds own 60.26% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on UPS shares. BNP Paribas Exane lowered shares of United Parcel Service from a “neutral” rating to an “underperform” rating and set a $85.00 price target on the stock. in a research note on Tuesday, January 13th. Wells Fargo & Company raised their price objective on United Parcel Service from $96.00 to $110.00 and gave the company an “equal weight” rating in a report on Wednesday, January 28th. Evercore lowered their target price on United Parcel Service from $115.00 to $113.00 and set an “in-line” rating on the stock in a research report on Wednesday, April 22nd. UBS Group dropped their target price on United Parcel Service from $125.00 to $123.00 and set a “buy” rating on the stock in a report on Wednesday, April 29th. Finally, Stephens increased their price target on United Parcel Service from $113.00 to $115.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 28th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, twelve have assigned a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $111.87.

United Parcel Service Stock Performance

Shares of NYSE UPS opened at $100.74 on Friday. The company has a current ratio of 1.21, a quick ratio of 1.22 and a debt-to-equity ratio of 1.50. United Parcel Service, Inc. has a 12 month low of $82.00 and a 12 month high of $122.41. The stock has a 50 day moving average of $102.47 and a 200-day moving average of $102.21. The company has a market capitalization of $85.54 billion, a P/E ratio of 16.30, a P/E/G ratio of 1.59 and a beta of 1.06.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings results on Tuesday, April 28th. The transportation company reported $1.07 earnings per share for the quarter, beating analysts’ consensus estimates of $1.02 by $0.05. United Parcel Service had a return on equity of 35.95% and a net margin of 5.94%.The business had revenue of $21.20 billion for the quarter, compared to analysts’ expectations of $20.99 billion. During the same quarter in the prior year, the business earned $1.49 EPS. The firm’s revenue for the quarter was down 1.4% on a year-over-year basis. As a group, equities research analysts predict that United Parcel Service, Inc. will post 7.1 EPS for the current year.

United Parcel Service Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 4th. Shareholders of record on Monday, May 18th will be issued a $1.64 dividend. This represents a $6.56 dividend on an annualized basis and a yield of 6.5%. The ex-dividend date of this dividend is Monday, May 18th. United Parcel Service’s dividend payout ratio is currently 106.15%.

United Parcel Service Company Profile

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.