United Parcel Service, Inc. $UPS Shares Sold by Beacon Financial Advisory LLC

Beacon Financial Advisory LLC reduced its position in United Parcel Service, Inc. (NYSE:UPS) by 60.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,692 shares of the transportation company’s stock after selling 7,061 shares during the quarter. Beacon Financial Advisory LLC’s holdings in United Parcel Service were worth $465,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of UPS. Brighton Jones LLC grew its position in United Parcel Service by 63.8% in the 4th quarter. Brighton Jones LLC now owns 12,126 shares of the transportation company’s stock valued at $1,529,000 after acquiring an additional 4,723 shares in the last quarter. Sivia Capital Partners LLC acquired a new position in shares of United Parcel Service during the second quarter worth about $277,000. SVB Wealth LLC acquired a new position in shares of United Parcel Service during the second quarter worth about $848,000. Treasurer of the State of North Carolina grew its position in shares of United Parcel Service by 2.7% during the second quarter. Treasurer of the State of North Carolina now owns 342,866 shares of the transportation company’s stock worth $34,609,000 after buying an additional 9,124 shares in the last quarter. Finally, Ieq Capital LLC grew its position in shares of United Parcel Service by 154.5% during the second quarter. Ieq Capital LLC now owns 104,819 shares of the transportation company’s stock worth $10,580,000 after buying an additional 63,629 shares in the last quarter. 60.26% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

UPS has been the subject of a number of analyst reports. Citigroup boosted their price objective on United Parcel Service from $118.00 to $127.00 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. 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 decreased their target price on United Parcel Service from $115.00 to $113.00 and set an “in-line” rating for the company in a research note on Wednesday, April 22nd. Susquehanna boosted their target price on United Parcel Service from $116.00 to $118.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 29th. Finally, UBS Group decreased their target price on United Parcel Service from $125.00 to $123.00 and set a “buy” rating for the company in a research note on Wednesday, April 29th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, eleven have assigned a Hold rating and four have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $111.50.

United Parcel Service Price Performance

Shares of NYSE UPS opened at $110.15 on Wednesday. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 1.50. United Parcel Service, Inc. has a twelve month low of $82.00 and a twelve month high of $122.41. The stock has a 50 day moving average of $103.68 and a two-hundred day moving average of $104.33. The stock has a market cap of $93.63 billion, a P/E ratio of 17.82, a P/E/G ratio of 1.73 and a beta of 1.05.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings data 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 return on equity of 35.95% and a net margin of 5.94%.The company had revenue of $21.20 billion during the quarter, compared to analysts’ expectations of $20.99 billion. During the same quarter in the previous year, the business earned $1.49 earnings per share. The firm’s revenue for the quarter was down 1.4% on a year-over-year basis. On average, research analysts forecast that United Parcel Service, Inc. will post 7.1 earnings per share for the current year.

United Parcel Service Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 4th. Shareholders of record on Monday, May 18th were paid a $1.64 dividend. The ex-dividend date was Monday, May 18th. This represents a $6.56 dividend on an annualized basis and a yield of 6.0%. United Parcel Service’s payout ratio is currently 106.15%.

United Parcel Service Profile

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.