Red Door Wealth Management LLC Has $4.27 Million Position in United Parcel Service, Inc. (NYSE:UPS)

Red Door Wealth Management LLC lowered its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 3.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,712 shares of the transportation company’s stock after selling 918 shares during the period. Red Door Wealth Management LLC’s holdings in United Parcel Service were worth $4,267,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of UPS. International Assets Investment Management LLC boosted its stake in United Parcel Service by 15,631.2% during 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 in the last quarter. Wellington Management Group LLP lifted its holdings in shares of United Parcel Service by 87.6% during 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 acquiring an additional 8,475,698 shares during the period. Norges Bank bought a new position in shares of United Parcel Service during the fourth quarter valued at $1,128,322,000. First Trust Advisors LP lifted its holdings in shares of United Parcel Service by 208.1% during the fourth quarter. First Trust Advisors LP now owns 1,717,391 shares of the transportation company’s stock valued at $270,025,000 after acquiring an additional 1,160,005 shares during the period. Finally, Franklin Resources Inc. lifted its holdings in shares of 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. Institutional investors and hedge funds own 60.26% of the company’s stock.

United Parcel Service Trading Up 0.8 %

United Parcel Service stock traded up $1.02 during trading hours 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 debt-to-equity ratio of 1.11, a quick ratio of 1.04 and a current ratio of 1.10. The firm has a market capitalization of $117.08 billion, a price-to-earnings ratio of 19.83, a PEG ratio of 1.74 and a beta of 1.01. The firm’s 50 day moving average is $141.71 and its 200-day moving average is $148.56. United Parcel Service, Inc. has a fifty-two week low of $132.90 and a fifty-two week high of $192.98.

United Parcel Service (NYSE:UPS) last announced its quarterly 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. The company had revenue of $21.70 billion during the quarter, compared to analysts’ expectations of $21.84 billion. United Parcel Service had a return on equity of 37.42% and a net margin of 6.60%. United Parcel Service’s revenue was down 5.3% on a year-over-year basis. During the same period in the prior year, the business posted $2.20 EPS. On average, analysts predict that United Parcel Service, Inc. will post 8.22 earnings per share for the current year.

United Parcel Service Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 30th. Investors of record on Monday, May 13th were paid a dividend of $1.63 per share. The ex-dividend date of this dividend 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%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on UPS. Redburn Atlantic raised United Parcel Service from a “neutral” rating to a “buy” rating and set a $180.00 price objective for the company in a report on Wednesday, April 3rd. BMO Capital Markets lifted their price objective 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. Oppenheimer lifted their price objective on United Parcel Service from $153.00 to $157.00 and gave the company an “outperform” rating in a report on Wednesday, April 24th. JPMorgan Chase & Co. cut their price target on United Parcel Service from $154.00 to $150.00 and set a “neutral” rating for the company in a report on Tuesday, April 9th. Finally, 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. One analyst has rated the stock with a sell rating, thirteen have given a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, United Parcel Service currently has a consensus rating of “Hold” and a consensus target price of $164.55.

United Parcel Service Company 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.