Triangle Securities Wealth Management Cuts Holdings in United Parcel Service, Inc. (NYSE:UPS)

Triangle Securities Wealth Management lowered its stake in shares of United Parcel Service, Inc. (NYSE:UPS – Get Rating) by 3.9% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 5,294 shares of the transportation company’s stock after selling 214 shares during the quarter. Triangle Securities Wealth Management’s holdings in United Parcel Service were worth $1,135,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Tranquility Partners LLC bought a new position in United Parcel Service during the fourth quarter valued at approximately $207,000. Zenyatta Capital Management LP bought a new position in shares of United Parcel Service during the 4th quarter valued at $17,147,000. Osher Van de Voorde Investment Management raised its position in United Parcel Service by 3.9% in the 4th quarter. Osher Van de Voorde Investment Management now owns 95,280 shares of the transportation company’s stock worth $20,422,000 after purchasing an additional 3,580 shares during the period. Brookstone Capital Management lifted its stake in United Parcel Service by 3.3% in the fourth quarter. Brookstone Capital Management now owns 22,277 shares of the transportation company’s stock worth $4,860,000 after purchasing an additional 713 shares during the last quarter. Finally, Aviva PLC boosted its position in United Parcel Service by 0.5% during the fourth quarter. Aviva PLC now owns 222,556 shares of the transportation company’s stock valued at $47,703,000 after buying an additional 1,065 shares during the period. 57.85% of the stock is owned by institutional investors.

Shares of NYSE:UPS opened at $176.15 on Thursday. The firm has a market cap of $153.91 billion, a price-to-earnings ratio of 14.38, a price-to-earnings-growth ratio of 1.52 and a beta of 1.16. The business has a 50-day simple moving average of $180.16 and a two-hundred day simple moving average of $199.62. United Parcel Service, Inc. has a fifty-two week low of $165.34 and a fifty-two week high of $233.72. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.52 and a current ratio of 1.52.

United Parcel Service (NYSE:UPS – Get Rating) last announced its earnings results on Tuesday, April 26th. The transportation company reported $3.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.87 by $0.18. United Parcel Service had a return on equity of 82.94% and a net margin of 10.90%. The business had revenue of $24.40 billion for the quarter, compared to analysts’ expectations of $23.80 billion. During the same period last year, the firm posted $2.77 earnings per share. The business’s revenue for the quarter was up 6.5% on a year-over-year basis. As a group, research analysts predict that United Parcel Service, Inc. will post 12.83 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 2nd. Investors of record on Monday, May 16th were given a dividend of $1.52 per share. The ex-dividend date of this dividend was Friday, May 13th. This represents a $6.08 annualized dividend and a yield of 3.45%. United Parcel Service’s dividend payout ratio (DPR) is 49.63%.

Several equities research analysts recently weighed in on UPS shares. StockNews.com assumed coverage on United Parcel Service in a report on Thursday, March 31st. They set a “buy” rating for the company. Wolfe Research restated a “peer perform” rating on shares of United Parcel Service in a report on Tuesday, April 5th. Bank of America lowered their price target on shares of United Parcel Service from $204.00 to $199.00 and set a “neutral” rating for the company in a report on Wednesday, April 27th. Susquehanna cut their price target on shares of United Parcel Service from $218.00 to $195.00 and set a “neutral” rating on the stock in a report on Wednesday, April 27th. Finally, Barclays set a $220.00 price objective on shares of United Parcel Service in a research note on Monday, June 6th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating, twelve have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, United Parcel Service has an average rating of “Moderate Buy” and an average price target of $223.69.

United Parcel Service Company Profile (Get Rating)

United Parcel Service, Inc provides letter and package delivery, transportation, logistics, and related services. It operates through two segments, U.S. Domestic Package and International Package. The U.S. Domestic Package segment offers time-definite delivery of letters, documents, small packages, and palletized freight through air and ground services in the United States.

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