United Parcel Service, Inc. (NYSE:UPS) Stock Holdings Reduced by Hennion & Walsh Asset Management Inc.

Hennion & Walsh Asset Management Inc. lowered its position in United Parcel Service, Inc. (NYSE:UPS) by 1.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,010 shares of the transportation company’s stock after selling 268 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in United Parcel Service were worth $2,082,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of UPS. Tennessee Valley Asset Management Partners bought a new stake in shares of United Parcel Service during the 4th quarter worth about $26,000. Life Planning Partners Inc bought a new stake in shares of United Parcel Service during the 4th quarter worth about $28,000. Northwest Financial Advisors bought a new stake in shares of United Parcel Service during the 4th quarter worth about $28,000. Bourgeon Capital Management LLC bought a new stake in shares of United Parcel Service during the 4th quarter worth about $31,000. Finally, Security National Bank bought a new stake in shares of United Parcel Service during the 4th quarter worth about $31,000. Hedge funds and other institutional investors own 60.26% of the company’s stock.

Analyst Ratings Changes

UPS has been the subject of several recent analyst reports. Evercore ISI decreased their price target on United Parcel Service from $157.00 to $145.00 and set an “in-line” rating for the company in a research note on Monday, June 24th. TD Cowen cut their price target on United Parcel Service from $147.00 to $140.00 and set a “hold” rating for the company in a report on Thursday, March 28th. Deutsche Bank Aktiengesellschaft cut their price target 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. Susquehanna upped their price target on United Parcel Service from $150.00 to $160.00 and gave the company a “neutral” rating in a report on Wednesday, April 24th. Finally, BMO Capital Markets upped their price target on United Parcel Service from $165.00 to $169.00 and gave the company a “market perform” rating in a report on Wednesday, April 24th. One 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. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $164.55.

United Parcel Service Price Performance

UPS stock traded up $1.02 during midday trading on Friday, reaching $136.85. 6,609,563 shares of the company’s stock traded hands, compared to its average volume of 4,011,769. The company has a 50-day simple moving average of $141.71 and a two-hundred day simple moving average of $148.61. United Parcel Service, Inc. has a 1-year low of $132.90 and a 1-year high of $192.98. The company has a market cap of $117.08 billion, a price-to-earnings ratio of 19.83, a PEG ratio of 1.72 and a beta of 1.01. The company has a quick ratio of 1.04, a current ratio of 1.10 and a debt-to-equity ratio of 1.11.

United Parcel Service (NYSE:UPS) last released its quarterly earnings results on Tuesday, April 23rd. The transportation company reported $1.43 earnings per share 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 firm had revenue of $21.70 billion during the quarter, compared to analysts’ expectations of $21.84 billion. During the same period last year, the firm posted $2.20 EPS. The business’s revenue was down 5.3% on a year-over-year basis. On average, analysts anticipate that United Parcel Service, Inc. will post 8.22 earnings per share for the current year.

United Parcel Service Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 30th. Shareholders of record on Monday, May 13th were given a $1.63 dividend. The ex-dividend date was Friday, May 10th. This represents a $6.52 dividend on an annualized basis and a yield of 4.76%. United Parcel Service’s payout ratio is 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.