Accel Wealth Management Boosts Stock Holdings in United Parcel Service, Inc. (NYSE:UPS)

Accel Wealth Management lifted its holdings in United Parcel Service, Inc. (NYSE:UPS) by 10.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,771 shares of the transportation company’s stock after acquiring an additional 166 shares during the period. Accel Wealth Management’s holdings in United Parcel Service were worth $263,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the business. Vanguard Group Inc. increased its position in shares of United Parcel Service by 0.3% in the fourth quarter. Vanguard Group Inc. now owns 67,218,714 shares of the transportation company’s stock worth $10,568,798,000 after acquiring an additional 178,394 shares in the last quarter. Wellington Management Group LLP grew its holdings in United Parcel Service by 87.6% during the 4th 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 in the last quarter. International Assets Investment Management LLC grew its holdings in United Parcel Service by 15,631.2% during the 4th 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 in the last quarter. Franklin Resources Inc. grew its holdings in United Parcel Service by 11.4% during the 4th 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 in the last quarter. Finally, Norges Bank acquired a new stake in United Parcel Service during the 4th quarter valued at $1,128,322,000. Institutional investors and hedge funds own 60.26% of the company’s stock.

United Parcel Service Stock Up 0.5 %

Shares of NYSE UPS opened at $135.55 on Friday. The firm’s 50-day simple moving average is $140.78 and its 200 day simple moving average is $147.94. The company has a market cap of $115.97 billion, a price-to-earnings ratio of 19.64, a price-to-earnings-growth ratio of 1.72 and a beta of 0.98. The company has a quick ratio of 1.04, a current ratio of 1.10 and a debt-to-equity ratio of 1.11. United Parcel Service, Inc. has a 12-month low of $132.90 and a 12-month high of $192.98.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings results on Tuesday, April 23rd. The transportation company reported $1.43 earnings per share (EPS) for the quarter, topping 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 business had revenue of $21.70 billion for the quarter, compared to the consensus estimate of $21.84 billion. During the same quarter in the prior year, the company earned $2.20 EPS. The firm’s quarterly revenue was down 5.3% on a year-over-year basis. On average, research analysts expect that United Parcel Service, Inc. will post 8.22 earnings per share for the current fiscal year.

United Parcel Service Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 30th. Shareholders of record on Monday, May 13th were given 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 4.81%. United Parcel Service’s payout ratio is presently 94.49%.

Analyst Ratings Changes

A number of research firms recently weighed in on UPS. Oppenheimer raised their price target on shares of United Parcel Service from $153.00 to $157.00 and gave the company an “outperform” rating in a report on Wednesday, April 24th. BMO Capital Markets raised their price target on shares of United Parcel Service from $165.00 to $169.00 and gave the company a “market perform” rating in a report on Wednesday, April 24th. Bank of America raised their price target on shares of United Parcel Service from $157.00 to $160.00 and gave the company a “neutral” rating in a report on Wednesday, April 24th. Stifel Nicolaus decreased their price objective on shares of United Parcel Service from $178.00 to $170.00 and set a “buy” rating for the company in a report on Thursday, March 28th. Finally, HSBC raised shares of United Parcel Service from a “hold” rating to a “buy” rating and raised their price objective for the stock from $150.00 to $170.00 in a report on Thursday, April 25th. One analyst has rated the stock with a sell rating, thirteen have given a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $164.55.

United Parcel Service 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.