Axxcess Wealth Management LLC Has $848,000 Stock Position in United Parcel Service, Inc. $UPS

Axxcess Wealth Management LLC trimmed its stake in United Parcel Service, Inc. (NYSE:UPS) by 40.4% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,624 shares of the transportation company’s stock after selling 5,850 shares during the period. Axxcess Wealth Management LLC’s holdings in United Parcel Service were worth $848,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in UPS. University of Texas Texas AM Investment Management Co. bought a new position in United Parcel Service during the 4th quarter valued at about $25,000. IFC & Insurance Marketing Inc. bought a new stake in shares of United Parcel Service during the fourth quarter worth approximately $25,000. Coston McIsaac & Partners boosted its stake in United Parcel Service by 77.8% in the fourth quarter. Coston McIsaac & Partners now owns 272 shares of the transportation company’s stock valued at $27,000 after acquiring an additional 119 shares during the last quarter. Torren Management LLC acquired a new stake in United Parcel Service during the 4th quarter worth $29,000. Finally, Kemnay Advisory Services Inc. acquired a new position in shares of United Parcel Service in the 4th quarter valued at $29,000. 60.26% of the stock is currently owned by institutional investors and hedge funds.

United Parcel Service Stock Up 0.6%

Shares of UPS opened at $110.62 on Friday. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.21 and a quick ratio of 1.21. United Parcel Service, Inc. has a one year low of $82.00 and a one year high of $122.41. The company has a market cap of $94.03 billion, a P/E ratio of 17.90, a P/E/G ratio of 1.75 and a beta of 1.05. The firm has a 50 day simple moving average of $105.23 and a two-hundred day simple moving average of $105.54.

United Parcel Service (NYSE:UPS) last issued its earnings results on Tuesday, April 28th. The transportation company reported $1.07 earnings per share for the quarter, beating analysts’ consensus estimates of $1.02 by $0.05. United Parcel Service had a net margin of 5.94% and a return on equity of 35.95%. The firm had revenue of $21.20 billion for the quarter, compared to analyst estimates of $20.99 billion. During the same quarter last year, the business posted $1.49 earnings per share. The company’s quarterly revenue was down 1.4% on a year-over-year basis. Research analysts forecast that United Parcel Service, Inc. will post 7.11 EPS for the current fiscal year.

United Parcel Service Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, June 4th. Shareholders of record on Monday, May 18th were issued a $1.64 dividend. This represents a $6.56 dividend on an annualized basis and a yield of 5.9%. The ex-dividend date was Monday, May 18th. United Parcel Service’s dividend payout ratio (DPR) is presently 106.15%.

Key Stories Impacting United Parcel Service

Here are the key news stories impacting United Parcel Service this week:

• Positive Sentiment: Citigroup raised its price target on UPS to $132 from $127 and kept a buy rating, implying meaningful upside from current levels. The bullish call supports sentiment around the stock. Benzinga report on Citigroup price-target increase
• Positive Sentiment: Stephens upgraded UPS to strong-buy, adding to the recent wave of favorable analyst commentary. Zacks report on Stephens upgrade
• Positive Sentiment: UPS drew unusual options activity, with traders buying 34,148 call options, about 33% above normal volume. Heavy call buying can signal bullish speculation.
• Positive Sentiment: UPS’s addition to key Russell defensive indexes could increase demand from index-linked funds and reinforce the stock’s defensive appeal. Yahoo Finance article on Russell defensive index addition
• Neutral Sentiment: Several articles highlighted that UPS remains heavily watched ahead of earnings, with some commentary arguing the company has a decent chance to beat estimates again based on its recent surprise history. Zacks earnings preview
• Negative Sentiment: Bearish commentary warned that UPS may face muted revenue growth, margin pressure, and possible dividend risk if free cash flow remains weak, which could cap further upside. Seeking Alpha bearish analysis
• Negative Sentiment: Another analysis said recent progress could be short-lived and pointed to intensified competition from Amazon’s logistics expansion as a threat to UPS’s growth and margins. Seeking Alpha consolidation analysis

Analyst Ratings Changes

UPS has been the subject of a number of research reports. Weiss Ratings cut United Parcel Service from a “hold (c)” rating to a “sell (d+)” rating in a research note on Friday, May 8th. Evercore dropped their price objective on United Parcel Service from $115.00 to $113.00 and set an “in-line” rating on the stock in a research note on Wednesday, April 22nd. Stephens upgraded United Parcel Service to a “strong-buy” rating in a research note on Wednesday. Susquehanna lifted their price objective on shares of United Parcel Service from $116.00 to $118.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 29th. Finally, UBS Group decreased their price objective on shares of United Parcel Service from $125.00 to $123.00 and set a “buy” rating on the stock in a report on Wednesday, April 29th. Two analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, ten have assigned a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $111.10.

About United Parcel Service

United Parcel Service (NYSE: UPS) is a global package delivery and supply chain management company that provides a broad range of transportation, logistics and e-commerce services. Its core business centers on small-package delivery and last-mile distribution for business and individual customers, supported by a network of ground transportation, air cargo operations (UPS Airlines) and sorting facilities. In addition to parcel delivery, UPS offers freight transportation, contract logistics, warehousing, customs brokerage and reverse-logistics solutions designed to support domestic and international commerce.

The company traces its roots to 1907 when it began as a small messenger service in the United States and later evolved into the United Parcel Service.