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

RFG Advisory LLC trimmed its position in United Parcel Service, Inc. (NYSE:UPS) by 54.5% during the 1st quarter, Holdings Channel.com reports. The firm owned 16,025 shares of the transportation company’s stock after selling 19,232 shares during the period. RFG Advisory LLC’s holdings in United Parcel Service were worth $1,576,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Fifth Third Wealth Advisors LLC increased its holdings in United Parcel Service by 13.8% in the 1st quarter. Fifth Third Wealth Advisors LLC now owns 12,720 shares of the transportation company’s stock worth $1,251,000 after buying an additional 1,542 shares in the last quarter. OP Asset Management Ltd bought a new position in United Parcel Service in the 1st quarter worth $7,349,000. Godsey & Gibb Inc. boosted its stake in United Parcel Service by 5.9% in the 1st quarter. Godsey & Gibb Inc. now owns 192,021 shares of the transportation company’s stock worth $18,891,000 after purchasing an additional 10,778 shares during the period. Miller Howard Investments Inc. NY increased its holdings in United Parcel Service by 8.4% in the 1st quarter. Miller Howard Investments Inc. NY now owns 26,624 shares of the transportation company’s stock valued at $2,619,000 after acquiring an additional 2,069 shares during the last quarter. Finally, Kercheville Advisors LLC increased its holdings in shares of United Parcel Service by 3.3% in the first quarter. Kercheville Advisors LLC now owns 5,620 shares of the transportation company’s stock worth $553,000 after purchasing an additional 180 shares during the last quarter. 60.26% of the stock is currently owned by institutional investors.

United Parcel Service Trading Down 1.0%

NYSE:UPS opened at $108.22 on Friday. United Parcel Service, Inc. has a 52 week low of $82.00 and a 52 week high of $122.41. The firm has a 50 day moving average of $104.58 and a 200 day moving average of $104.88. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 1.50. The stock 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 (NYSE:UPS) last announced its earnings results on Tuesday, April 28th. The transportation company reported $1.07 earnings per share for the quarter, beating the consensus estimate of $1.02 by $0.05. The company had revenue of $21.20 billion during the quarter, compared to the consensus estimate of $20.99 billion. United Parcel Service had a net margin of 5.94% and a return on equity of 35.95%. United Parcel Service’s revenue was down 1.4% compared to the same quarter last year. During the same period last year, the firm earned $1.49 earnings per share. As a group, sell-side analysts anticipate that United Parcel Service, Inc. will post 7.1 earnings per share for the current fiscal year.

United Parcel Service Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 4th. Investors of record on Monday, May 18th were paid a dividend of $1.64 per share. This represents a $6.56 annualized dividend and a yield of 6.1%. The ex-dividend date was Monday, May 18th. United Parcel Service’s payout ratio is 106.15%.

Wall Street Analyst Weigh In

UPS has been the topic of several recent research reports. Citigroup upped their target price on shares of United Parcel Service from $118.00 to $127.00 and gave the company a “buy” rating in a research report on Wednesday, April 29th. Evercore cut their price target on shares of United Parcel Service from $115.00 to $113.00 and set an “in-line” rating on the stock in a report on Wednesday, April 22nd. Weiss Ratings lowered 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 target price on shares of United Parcel Service from $116.00 to $118.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 29th. Finally, UBS Group reduced their target price on shares of 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. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, eleven have given a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $111.50.

United Parcel Service 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.