Peloton Wealth Strategists Has $3.82 Million Stock Position in United Parcel Service, Inc. (NYSE:UPS)

Peloton Wealth Strategists lowered its position in shares of United Parcel Service, Inc. (NYSE:UPSFree Report) by 10.7% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 24,311 shares of the transportation company’s stock after selling 2,919 shares during the quarter. United Parcel Service comprises 1.7% of Peloton Wealth Strategists’ holdings, making the stock its 24th biggest position. Peloton Wealth Strategists’ holdings in United Parcel Service were worth $3,822,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of UPS. Harbor Capital Advisors Inc. increased its position in shares of United Parcel Service by 0.4% in the fourth quarter. Harbor Capital Advisors Inc. now owns 17,530 shares of the transportation company’s stock worth $2,756,000 after purchasing an additional 64 shares during the period. First Financial Corp IN lifted its stake in shares of United Parcel Service by 24.2% in the fourth quarter. First Financial Corp IN now owns 334 shares of the transportation company’s stock worth $53,000 after acquiring an additional 65 shares during the period. Gleason Group Inc. lifted its stake in shares of United Parcel Service by 1.1% in the fourth quarter. Gleason Group Inc. now owns 6,351 shares of the transportation company’s stock worth $999,000 after acquiring an additional 66 shares during the period. Advisors Capital Management LLC lifted its stake in shares of United Parcel Service by 0.5% in the third quarter. Advisors Capital Management LLC now owns 15,085 shares of the transportation company’s stock worth $2,351,000 after acquiring an additional 69 shares during the period. Finally, Dfpg Investments LLC lifted its stake in shares of United Parcel Service by 0.3% in the fourth quarter. Dfpg Investments LLC now owns 25,270 shares of the transportation company’s stock worth $3,981,000 after acquiring an additional 69 shares during the period. Institutional investors and hedge funds own 60.26% of the company’s stock.

United Parcel Service Price Performance

Shares of NYSE UPS traded down $0.26 during midday trading on Friday, hitting $134.63. 2,135,842 shares of the company’s stock were exchanged, compared to its average volume of 3,967,233. The company has a current ratio of 1.10, a quick ratio of 1.04 and a debt-to-equity ratio of 1.11. United Parcel Service, Inc. has a 12-month low of $132.90 and a 12-month high of $192.98. The business’s fifty day moving average price is $143.94 and its two-hundred day moving average price is $149.97. The company has a market cap of $115.18 billion, a price-to-earnings ratio of 19.50, a PEG ratio of 1.73 and a beta of 1.01.

United Parcel Service (NYSE:UPSGet Free Report) last announced its earnings results on Tuesday, April 23rd. The transportation company reported $1.43 EPS for the quarter, beating analysts’ consensus estimates 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 company had revenue of $21.70 billion during the quarter, compared to the consensus estimate of $21.84 billion. During the same quarter in the prior year, the company earned $2.20 earnings per share. The firm’s revenue for the quarter was down 5.3% on a year-over-year basis. As a group, research analysts forecast that United Parcel Service, Inc. will post 8.22 EPS for the current fiscal year.

United Parcel Service Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 30th. Shareholders of record on Monday, May 13th were issued a $1.63 dividend. This represents a $6.52 dividend on an annualized basis and a yield of 4.84%. The ex-dividend date of this dividend was Friday, May 10th. United Parcel Service’s dividend payout ratio is 94.49%.

Analyst Ratings Changes

UPS has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. cut their price objective on United Parcel Service from $154.00 to $150.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 9th. Bank of America boosted their price target on United Parcel Service from $157.00 to $160.00 and gave the company a “neutral” rating in a research note on Wednesday, April 24th. Wells Fargo & Company started coverage on United Parcel Service in a research note on Friday, June 7th. They issued an “overweight” rating and a $156.00 price target on the stock. Redburn Atlantic raised United Parcel Service from a “neutral” rating to a “buy” rating and set a $180.00 price target on the stock in a research note on Wednesday, April 3rd. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on United Parcel Service from $183.00 to $179.00 and set a “buy” rating for the company in a report on Thursday, March 28th. One 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 given a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $164.95.

Get Our Latest Research Report on UPS

About United Parcel Service

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for United Parcel Service (NYSE:UPS)

Receive News & Ratings for United Parcel Service Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United Parcel Service and related companies with MarketBeat.com's FREE daily email newsletter.