Vestmark Advisory Solutions Inc. Has $3.18 Million Holdings in United Parcel Service, Inc. (NYSE:UPS)

Vestmark Advisory Solutions Inc. lowered its stake in United Parcel Service, Inc. (NYSE:UPS) by 6.8% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,218 shares of the transportation company’s stock after selling 1,464 shares during the quarter. Vestmark Advisory Solutions Inc.’s holdings in United Parcel Service were worth $3,179,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of UPS. Royal Fund Management LLC increased its holdings in shares of United Parcel Service by 21.6% during the fourth quarter. Royal Fund Management LLC now owns 12,144 shares of the transportation company’s stock valued at $1,909,000 after acquiring an additional 2,154 shares in the last quarter. AJOVista LLC acquired a new position in shares of United Parcel Service during the fourth quarter valued at about $156,000. Provence Wealth Management Group raised its holdings in shares of United Parcel Service by 19.5% in the 4th quarter. Provence Wealth Management Group now owns 4,013 shares of the transportation company’s stock worth $631,000 after acquiring an additional 656 shares during the last quarter. Legacy Financial Advisors Inc. boosted its stake in United Parcel Service by 32.4% during the 4th quarter. Legacy Financial Advisors Inc. now owns 6,959 shares of the transportation company’s stock valued at $1,094,000 after purchasing an additional 1,704 shares during the last quarter. Finally, Sapient Capital LLC bought a new position in shares of United Parcel Service in the fourth quarter valued at approximately $313,000. 60.26% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on UPS. Bank of America boosted their target price on United Parcel Service from $157.00 to $160.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 24th. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of United Parcel Service from $183.00 to $179.00 and set a “buy” rating on the stock in a report on Thursday, March 28th. HSBC upgraded United Parcel Service from a “hold” rating to a “buy” rating and increased their target price for the stock from $150.00 to $170.00 in a research report on Thursday, April 25th. Morgan Stanley boosted their price objective on United Parcel Service from $95.00 to $100.00 and gave the company an “underweight” rating in a research note on Wednesday, March 27th. Finally, TD Cowen decreased their price target on United Parcel Service from $147.00 to $140.00 and set a “hold” rating on the stock in a research report on Thursday, March 28th. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $165.23.

United Parcel Service Trading Down 0.5 %

Shares of NYSE:UPS traded down $0.79 on Friday, hitting $146.43. The company had a trading volume of 2,039,256 shares, compared to its average volume of 3,606,672. United Parcel Service, Inc. has a 1 year low of $133.68 and a 1 year high of $192.98. The company has a quick ratio of 1.04, a current ratio of 1.10 and a debt-to-equity ratio of 1.11. The firm’s 50-day simple moving average is $149.39 and its two-hundred day simple moving average is $150.67. The firm has a market capitalization of $124.85 billion, a price-to-earnings ratio of 21.22, a P/E/G ratio of 1.69 and a beta of 1.05.

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

United Parcel Service Dividend Announcement

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

United Parcel Service Company 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.