Family Asset Management LLC Sells 308 Shares of United Parcel Service, Inc. (NYSE:UPS)

Family Asset Management LLC lowered its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 4.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,304 shares of the transportation company’s stock after selling 308 shares during the quarter. Family Asset Management LLC’s holdings in United Parcel Service were worth $991,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of UPS. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of United Parcel Service by 6.9% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 223,259 shares of the transportation company’s stock valued at $34,799,000 after acquiring an additional 14,387 shares during the last quarter. GPS Wealth Strategies Group LLC increased its position in shares of United Parcel Service by 4.3% during the 3rd quarter. GPS Wealth Strategies Group LLC now owns 3,097 shares of the transportation company’s stock valued at $483,000 after purchasing an additional 128 shares during the last quarter. Brighton Jones LLC raised its stake in shares of United Parcel Service by 51.5% during the 3rd quarter. Brighton Jones LLC now owns 16,612 shares of the transportation company’s stock worth $2,589,000 after purchasing an additional 5,650 shares during the period. Oak Asset Management LLC boosted its holdings in shares of United Parcel Service by 7.8% in the 3rd quarter. Oak Asset Management LLC now owns 2,051 shares of the transportation company’s stock worth $320,000 after buying an additional 148 shares during the last quarter. Finally, Calamos Wealth Management LLC bought a new position in United Parcel Service during the third quarter valued at about $274,000. 60.26% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

UPS has been the topic of several research reports. Oppenheimer lifted their price objective on shares of United Parcel Service from $153.00 to $157.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 24th. Argus downgraded United Parcel Service from a “buy” rating to a “hold” rating in a research note on Wednesday, January 31st. Susquehanna increased their price objective on United Parcel Service from $150.00 to $160.00 and gave the company a “neutral” rating in a report on Wednesday, April 24th. Evercore ISI restated an “in-line” rating and issued a $154.00 target price on shares of United Parcel Service in a research note on Wednesday, March 27th. Finally, Deutsche Bank Aktiengesellschaft cut their price target on United Parcel Service from $183.00 to $179.00 and set a “buy” rating for the company in a research note on Thursday, March 28th. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $165.23.

United Parcel Service Price Performance

Shares of NYSE:UPS traded up $0.25 on Monday, hitting $146.68. The company’s stock had a trading volume of 2,073,568 shares, compared to its average volume of 4,192,927. United Parcel Service, Inc. has a 1 year low of $133.68 and a 1 year high of $192.98. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.10 and a quick ratio of 1.04. The company has a market capitalization of $125.07 billion, a PE ratio of 21.26, a PEG ratio of 1.68 and a beta of 1.05. The company has a 50-day simple moving average of $149.38 and a 200 day simple moving average of $150.56.

United Parcel Service (NYSE:UPS) last announced its earnings results on Tuesday, April 23rd. The transportation company reported $1.43 earnings per share for the quarter, beating analysts’ consensus estimates of $1.33 by $0.10. The business had revenue of $21.70 billion for the quarter, compared to the consensus estimate of $21.84 billion. United Parcel Service had a net margin of 6.60% and a return on equity of 37.42%. United Parcel Service’s quarterly revenue was down 5.3% on a year-over-year basis. During the same period last year, the firm posted $2.20 earnings per share. Sell-side analysts forecast that United Parcel Service, Inc. will post 8.23 EPS for the current fiscal year.

United Parcel Service Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 30th. Investors of record on Monday, May 13th will be paid a $1.63 dividend. The ex-dividend date of this dividend is Friday, May 10th. This represents a $6.52 dividend on an annualized basis and a yield of 4.45%. United Parcel Service’s dividend payout ratio is presently 94.49%.

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.