Drive Wealth Management LLC Sells 288 Shares of United Parcel Service, Inc. (NYSE:UPS)

Drive Wealth Management LLC lessened its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 8.2% in the first quarter, Holdings Channel.com reports. The firm owned 3,213 shares of the transportation company’s stock after selling 288 shares during the period. Drive Wealth Management LLC’s holdings in United Parcel Service were worth $478,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its position in United Parcel Service by 0.3% during the fourth quarter. Vanguard Group Inc. now owns 67,218,714 shares of the transportation company’s stock valued at $10,568,798,000 after purchasing an additional 178,394 shares during the last quarter. Wellington Management Group LLP lifted its position in 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 purchasing an additional 8,475,698 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in United Parcel Service by 4.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 15,889,570 shares of the transportation company’s stock valued at $2,456,055,000 after purchasing an additional 628,944 shares during the last quarter. International Assets Investment Management LLC lifted its position 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 valued at $2,280,190,000 after purchasing an additional 14,410,073 shares during the last quarter. Finally, Franklin Resources Inc. lifted its position 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 purchasing an additional 980,317 shares during the last quarter. Institutional investors own 60.26% of the company’s stock.

Insider Buying and Selling

In other news, Director Eva C. Boratto bought 1,400 shares of United Parcel Service stock in a transaction that occurred on Friday, February 2nd. The stock was bought at an average cost of $142.30 per share, with a total value of $199,220.00. Following the acquisition, the director now owns 1,400 shares of the company’s stock, valued at approximately $199,220. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.13% of the stock is currently owned by insiders.

United Parcel Service Stock Up 0.1 %

Shares of UPS stock traded up $0.20 during mid-day trading on Friday, reaching $147.59. 2,607,558 shares of the company’s stock traded hands, compared to its average volume of 3,897,331. United Parcel Service, Inc. has a 12 month low of $133.68 and a 12 month high of $192.98. The company has a market cap of $125.84 billion, a P/E ratio of 21.38, a P/E/G ratio of 1.69 and a beta of 1.05. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 1.11. The company’s 50-day moving average price is $149.56 and its 200-day moving average price is $150.96.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings results on Tuesday, April 23rd. The transportation company reported $1.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.33 by $0.10. The company had revenue of $21.70 billion for the quarter, compared to analysts’ expectations of $21.84 billion. United Parcel Service had a net margin of 6.60% and a return on equity of 37.42%. United Parcel Service’s revenue was down 5.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.20 EPS. On average, equities analysts expect that United Parcel Service, Inc. will post 8.22 earnings per share for the current fiscal year.

United Parcel Service Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 8th. Investors of record on Tuesday, February 20th were issued a $1.63 dividend. This represents a $6.52 annualized dividend and a yield of 4.42%. This is a positive change from United Parcel Service’s previous quarterly dividend of $1.62. The ex-dividend date of this dividend was Friday, February 16th. United Parcel Service’s dividend payout ratio is currently 94.49%.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on UPS shares. Bank of America lifted their target price on shares of United Parcel Service from $157.00 to $160.00 and gave the company a “neutral” rating in a research report on Wednesday. Susquehanna lifted their price target on shares of United Parcel Service from $150.00 to $160.00 and gave the stock a “neutral” rating in a research note on Wednesday. Evercore ISI reissued an “in-line” rating and set a $154.00 price target on shares of United Parcel Service in a research note on Wednesday, March 27th. BMO Capital Markets lifted their price target on shares of United Parcel Service from $165.00 to $169.00 and gave the stock a “market perform” rating in a research note on Wednesday. Finally, TD Cowen decreased their price target on shares of United Parcel Service from $147.00 to $140.00 and set a “hold” rating on the stock in a research note on Thursday, March 28th. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, United Parcel Service presently has an average rating of “Hold” and an average target price of $165.23.

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.