Key Client Fiduciary Advisors LLC Decreases Stock Position in United Parcel Service, Inc. (NYSE:UPS)

Key Client Fiduciary Advisors LLC lessened its position in United Parcel Service, Inc. (NYSE:UPS) by 12.7% during the 1st quarter, HoldingsChannel.com reports. The fund owned 1,473 shares of the transportation company’s stock after selling 215 shares during the quarter. Key Client Fiduciary Advisors LLC’s holdings in United Parcel Service were worth $219,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in UPS. International Assets Investment Management LLC lifted its position in shares of United Parcel Service by 15,631.2% in the fourth quarter. International Assets Investment Management LLC now owns 14,502,261 shares of the transportation company’s stock valued at $2,280,190,000 after acquiring an additional 14,410,073 shares in the last quarter. Wellington Management Group LLP lifted its position in shares of United Parcel Service by 87.6% in the fourth quarter. Wellington Management Group LLP now owns 18,152,900 shares of the transportation company’s stock valued at $2,854,180,000 after acquiring an additional 8,475,698 shares in the last quarter. Norges Bank purchased a new position in shares of United Parcel Service in the fourth quarter valued at approximately $1,128,322,000. First Trust Advisors LP lifted its position in shares of United Parcel Service by 208.1% in the fourth quarter. First Trust Advisors LP now owns 1,717,391 shares of the transportation company’s stock valued at $270,025,000 after acquiring an additional 1,160,005 shares in the last quarter. Finally, Franklin Resources Inc. lifted its position in United Parcel Service by 11.4% during the fourth quarter. Franklin Resources Inc. now owns 9,607,055 shares of the transportation company’s stock worth $1,510,517,000 after buying an additional 980,317 shares in the last quarter. Hedge funds and other institutional investors own 60.26% of the company’s stock.

Wall Street Analyst Weigh In

UPS has been the topic of a number of analyst reports. Wells Fargo & Company initiated coverage on United Parcel Service in a research report on Friday, June 7th. They set an “overweight” rating and a $156.00 price objective on the stock. HSBC upgraded United Parcel Service from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $150.00 to $170.00 in a research report on Thursday, April 25th. JPMorgan Chase & Co. reduced their price objective on United Parcel Service from $154.00 to $150.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 9th. Redburn Atlantic upgraded United Parcel Service from a “neutral” rating to a “buy” rating and set a $180.00 target price on the stock in a research report on Wednesday, April 3rd. Finally, Susquehanna lifted their target price on United Parcel Service from $150.00 to $160.00 and gave the company a “neutral” rating in a research report on Wednesday, April 24th. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $164.55.

United Parcel Service Stock Down 1.7 %

UPS opened at $135.85 on Friday. The business has a 50 day moving average price of $141.96 and a two-hundred day moving average price of $148.83. 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 company has a market cap of $116.23 billion, a PE ratio of 19.69, a P/E/G ratio of 1.75 and a beta of 1.01. United Parcel Service, Inc. has a 52 week low of $132.90 and a 52 week high of $192.98.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings data on Tuesday, April 23rd. The transportation company reported $1.43 EPS for the quarter, beating the consensus estimate of $1.33 by $0.10. United Parcel Service had a return on equity of 37.42% and a net margin of 6.60%. The firm had revenue of $21.70 billion during the quarter, compared to the consensus estimate of $21.84 billion. During the same period in the prior year, the business earned $2.20 EPS. The firm’s revenue was down 5.3% compared to the same quarter last year. As a group, research analysts anticipate that United Parcel Service, Inc. will post 8.22 EPS for the current year.

United Parcel Service Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, May 30th. Investors of record on Monday, May 13th were issued a $1.63 dividend. This represents a $6.52 dividend on an annualized basis and a dividend yield of 4.80%. The ex-dividend date was Friday, May 10th. United Parcel Service’s dividend payout ratio is currently 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.