Beacon Harbor Wealth Advisors Inc. Sells 19,236 Shares of United Parcel Service, Inc. (NYSE:UPS)

Beacon Harbor Wealth Advisors Inc. reduced its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 61.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 11,892 shares of the transportation company’s stock after selling 19,236 shares during the quarter. Beacon Harbor Wealth Advisors Inc.’s holdings in United Parcel Service were worth $1,870,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. OFI Invest Asset Management bought a new stake in United Parcel Service during the 3rd quarter worth about $25,000. Tennessee Valley Asset Management Partners bought a new stake in shares of United Parcel Service in the 4th quarter valued at about $26,000. Life Planning Partners Inc bought a new stake in shares of United Parcel Service in the 4th quarter valued at about $28,000. Bourgeon Capital Management LLC bought a new stake in shares of United Parcel Service in the 4th quarter valued at about $31,000. Finally, VisionPoint Advisory Group LLC increased its stake in shares of United Parcel Service by 69.5% in the 3rd quarter. VisionPoint Advisory Group LLC now owns 239 shares of the transportation company’s stock valued at $37,000 after acquiring an additional 98 shares during the last quarter. 60.26% of the stock is owned by institutional investors.

United Parcel Service Stock Up 1.1 %

Shares of NYSE UPS traded up $1.58 during trading hours on Thursday, hitting $147.50. The company had a trading volume of 1,031,330 shares, compared to its average volume of 4,230,693. The stock has a market capitalization of $125.77 billion, a P/E ratio of 21.32, a price-to-earnings-growth ratio of 1.69 and a beta of 1.05. 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 1-year low of $133.68 and a 1-year high of $192.98. The firm’s 50 day moving average is $149.49 and its 200-day moving average is $150.76.

United Parcel Service (NYSE:UPS) last released its quarterly earnings data on Tuesday, April 23rd. The transportation company reported $1.43 EPS for the quarter, beating the consensus estimate of $1.33 by $0.10. The company had revenue of $21.70 billion during the quarter, compared to the consensus estimate of $21.84 billion. United Parcel Service had a return on equity of 37.42% and a net margin of 6.60%. The firm’s revenue for the quarter was down 5.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.20 EPS. On average, analysts expect that United Parcel Service, Inc. will post 8.23 earnings per share for the current fiscal year.

United Parcel Service Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 30th. Investors of record on Monday, May 13th will be paid a $1.63 dividend. This represents a $6.52 dividend on an annualized basis and a yield of 4.42%. United Parcel Service’s dividend payout ratio (DPR) is presently 94.49%.

Analyst Ratings Changes

A number of analysts have recently commented on UPS shares. UBS Group raised United Parcel Service from a “neutral” rating to a “buy” rating and upped their price target for the company from $160.00 to $175.00 in a research note on Tuesday, February 6th. Robert W. Baird raised United Parcel Service from a “neutral” rating to an “outperform” rating and upped their price target for the company from $165.00 to $170.00 in a research note on Friday, February 16th. TheStreet upgraded United Parcel Service from a “c” rating to a “b-” rating in a research report on Tuesday, January 30th. HSBC upgraded United Parcel Service from a “hold” rating to a “buy” rating and boosted their price objective for the company from $150.00 to $170.00 in a research report on Thursday, April 25th. Finally, JPMorgan Chase & Co. decreased their price objective on United Parcel Service from $154.00 to $150.00 and set a “neutral” rating for the company in a research report on Tuesday, April 9th. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $165.23.

Insider Activity at United Parcel Service

In other United Parcel Service news, Director Eva C. Boratto purchased 1,400 shares of the company’s stock in a transaction that occurred on Friday, February 2nd. The shares were acquired at an average price of $142.30 per share, for a total transaction of $199,220.00. Following the purchase, the director now owns 1,400 shares in the company, valued at $199,220. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.13% of the stock is owned by company insiders.

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.