RFG Advisory LLC Cuts Stock Holdings in United Parcel Service, Inc. $UPS

RFG Advisory LLC reduced its stake in United Parcel Service, Inc. (NYSE:UPS) by 54.5% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 16,025 shares of the transportation company’s stock after selling 19,232 shares during the quarter. RFG Advisory LLC’s holdings in United Parcel Service were worth $1,576,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Brighton Jones LLC boosted its position in United Parcel Service by 63.8% in the fourth quarter. Brighton Jones LLC now owns 12,126 shares of the transportation company’s stock worth $1,529,000 after purchasing an additional 4,723 shares during the last quarter. Sivia Capital Partners LLC purchased a new stake in shares of United Parcel Service during the 2nd quarter valued at $277,000. SVB Wealth LLC bought a new stake in shares of United Parcel Service during the 2nd quarter worth $848,000. Treasurer of the State of North Carolina raised its stake in shares of United Parcel Service by 2.7% during the 2nd quarter. Treasurer of the State of North Carolina now owns 342,866 shares of the transportation company’s stock worth $34,609,000 after purchasing an additional 9,124 shares during the period. Finally, Ieq Capital LLC boosted its holdings in shares of United Parcel Service by 154.5% in the 2nd quarter. Ieq Capital LLC now owns 104,819 shares of the transportation company’s stock worth $10,580,000 after buying an additional 63,629 shares during the last quarter. 60.26% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts recently issued reports on the stock. Citigroup raised their price objective on shares of United Parcel Service from $118.00 to $127.00 and gave the stock a “buy” rating in a report on Wednesday, April 29th. Weiss Ratings downgraded shares of United Parcel Service from a “hold (c)” rating to a “sell (d+)” rating in a report on Friday, May 8th. Susquehanna upped their price target on United Parcel Service from $116.00 to $118.00 and gave the company a “neutral” rating in a research report on Wednesday, April 29th. Evercore lowered their price objective 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. Finally, UBS Group decreased their target price on United Parcel Service from $125.00 to $123.00 and set a “buy” rating on the stock in a research note on Wednesday, April 29th. One equities research 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’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $111.50.

United Parcel Service Price Performance

Shares of NYSE:UPS opened at $108.22 on Friday. The company’s fifty day moving average price is $104.58 and its 200-day moving average price is $104.88. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.21 and a quick ratio of 1.21. The firm has a market capitalization of $91.99 billion, a price-to-earnings ratio of 17.51, a PEG ratio of 1.72 and a beta of 1.05. United Parcel Service, Inc. has a one year low of $82.00 and a one year high of $122.41.

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

United Parcel Service Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 4th. Stockholders of record on Monday, May 18th were issued a $1.64 dividend. This represents a $6.56 dividend on an annualized basis and a dividend yield of 6.1%. The ex-dividend date was Monday, May 18th. United Parcel Service’s dividend payout ratio is presently 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.