Modera Wealth Management LLC Sells 14,609 Shares of United Parcel Service, Inc. $UPS

Modera Wealth Management LLC trimmed its stake in United Parcel Service, Inc. (NYSE:UPS) by 13.7% during the first quarter, Holdings Channel reports. The fund owned 92,401 shares of the transportation company’s stock after selling 14,609 shares during the quarter. Modera Wealth Management LLC’s holdings in United Parcel Service were worth $9,090,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Brighton Jones LLC lifted its position in United Parcel Service by 63.8% during the 4th quarter. Brighton Jones LLC now owns 12,126 shares of the transportation company’s stock worth $1,529,000 after acquiring an additional 4,723 shares during the last quarter. Sivia Capital Partners LLC acquired a new stake in shares of United Parcel Service in the second quarter valued at about $277,000. SVB Wealth LLC bought a new position in shares of United Parcel Service in the second quarter worth about $848,000. Treasurer of the State of North Carolina increased its stake in shares of United Parcel Service by 2.7% in the second 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 lifted its position in shares of United Parcel Service by 154.5% during the 2nd quarter. Ieq Capital LLC now owns 104,819 shares of the transportation company’s stock worth $10,580,000 after purchasing an additional 63,629 shares during the last quarter. 60.26% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on UPS. Evercore decreased their target price on United Parcel Service from $115.00 to $113.00 and set an “in-line” rating for the company in a research note on Wednesday, April 22nd. UBS Group dropped their price target on United Parcel Service from $125.00 to $123.00 and set a “buy” rating on the stock in a research report on Wednesday, April 29th. Susquehanna upped their price target on United Parcel Service from $116.00 to $118.00 and gave the stock a “neutral” rating in a report on Wednesday, April 29th. Citigroup increased their price objective on United Parcel Service from $127.00 to $132.00 and gave the company a “buy” rating in a research report on Thursday, July 9th. Finally, Stephens upgraded shares of United Parcel Service to a “strong-buy” rating in a research note on Wednesday, July 8th. Two investment analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, twelve have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, United Parcel Service currently has a consensus rating of “Hold” and a consensus target price of $111.10.

United Parcel Service Trading Up 0.5%

Shares of UPS opened at $117.77 on Friday. The company has a debt-to-equity ratio of 1.50, a quick ratio of 1.21 and a current ratio of 1.21. The company has a market cap of $100.10 billion, a price-to-earnings ratio of 19.06, a PEG ratio of 1.87 and a beta of 1.05. The stock has a fifty day moving average price of $106.68 and a two-hundred day moving average price of $106.10. United Parcel Service, Inc. has a 52-week low of $82.00 and a 52-week high of $122.41.

United Parcel Service (NYSE:UPS) last announced its earnings results on Tuesday, April 28th. The transportation company reported $1.07 EPS for the quarter, topping the consensus estimate 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 company 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 earnings per share. The business’s revenue for the quarter was down 1.4% on a year-over-year basis. Analysts predict that United Parcel Service, Inc. will post 7.1 EPS for the current fiscal year.

United Parcel Service Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, June 4th. Investors of record on Monday, May 18th were given a dividend of $1.64 per share. The ex-dividend date was Monday, May 18th. This represents a $6.56 annualized dividend and a yield of 5.6%. United Parcel Service’s dividend payout ratio 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.