Iams Wealth Management LLC Raises Stock Position in United Parcel Service, Inc. (NYSE:UPS)

Iams Wealth Management LLC grew its holdings in United Parcel Service, Inc. (NYSE:UPS) by 4.3% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 38,906 shares of the transportation company’s stock after acquiring an additional 1,615 shares during the period. United Parcel Service accounts for approximately 3.5% of Iams Wealth Management LLC’s holdings, making the stock its 5th largest position. Iams Wealth Management LLC’s holdings in United Parcel Service were worth $5,749,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its stake in shares of United Parcel Service by 0.3% in the 4th quarter. Vanguard Group Inc. now owns 67,218,714 shares of the transportation company’s stock valued at $10,568,798,000 after acquiring an additional 178,394 shares in the last quarter. Wellington Management Group LLP raised 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 purchasing an additional 8,475,698 shares during the period. International Assets Investment Management LLC lifted its stake 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 worth $2,280,190,000 after buying an additional 14,410,073 shares during the last quarter. Franklin Resources Inc. boosted its holdings 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 valued at $1,510,517,000 after acquiring an additional 980,317 shares during the period. Finally, Norges Bank acquired a new stake in United Parcel Service in the 4th quarter valued at approximately $1,128,322,000. 60.26% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have recently issued reports on UPS shares. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of United Parcel Service from $183.00 to $179.00 and set a “buy” rating on the stock in a report on Thursday, March 28th. 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. Oppenheimer raised their price objective on United Parcel Service from $153.00 to $157.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 24th. Bank of America boosted their price objective on United Parcel Service from $157.00 to $160.00 and gave the company a “neutral” rating in a research report on Wednesday, April 24th. Finally, Wells Fargo & Company assumed coverage on United Parcel Service in a research report on Friday, June 7th. They issued an “overweight” rating and a $156.00 target price for the company. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $164.55.

United Parcel Service Price Performance

Shares of United Parcel Service stock traded down $1.34 during trading on Tuesday, reaching $134.61. The company’s stock had a trading volume of 1,005,820 shares, compared to its average volume of 4,033,579. The stock has a 50-day moving average price of $141.71 and a two-hundred day moving average price of $148.50. The stock has a market capitalization of $115.17 billion, a P/E ratio of 19.60, a price-to-earnings-growth ratio of 1.74 and a beta of 0.98. 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 one year low of $132.90 and a one year 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 earnings per share for the quarter, beating the consensus estimate of $1.33 by $0.10. United Parcel Service had a net margin of 6.60% and a return on equity of 37.42%. The firm had revenue of $21.70 billion during the quarter, compared to analysts’ expectations of $21.84 billion. During the same quarter last year, the company posted $2.20 EPS. The company’s quarterly revenue was down 5.3% compared to the same quarter last year. As a group, sell-side analysts anticipate that United Parcel Service, Inc. will post 8.22 EPS for the current fiscal 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 issued a dividend of $1.63 per share. This represents a $6.52 annualized dividend 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%.

About United Parcel Service

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.