Iams Wealth Management LLC Acquires 1,615 Shares of United Parcel Service, Inc. (NYSE:UPS)

Iams Wealth Management LLC lifted its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 4.3% in the first quarter, Holdings Channel.com reports. The institutional investor owned 38,906 shares of the transportation company’s stock after acquiring an additional 1,615 shares during the period. United Parcel Service comprises about 3.5% of Iams Wealth Management LLC’s holdings, making the stock its 5th biggest position. Iams Wealth Management LLC’s holdings in United Parcel Service were worth $5,749,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Chesapeake Wealth Management boosted its holdings in shares of United Parcel Service by 1.3% during the 3rd quarter. Chesapeake Wealth Management now owns 7,886 shares of the transportation company’s stock valued at $1,229,000 after acquiring an additional 103 shares in the last quarter. Cerity Partners LLC grew its holdings in shares of United Parcel Service by 13.1% during the fourth quarter. Cerity Partners LLC now owns 387,381 shares of the transportation company’s stock worth $60,908,000 after purchasing an additional 44,721 shares during the last quarter. CapWealth Advisors LLC boosted its holdings in shares of United Parcel Service by 1.2% during the 4th quarter. CapWealth Advisors LLC now owns 58,184 shares of the transportation company’s stock worth $9,148,000 after buying an additional 686 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in United Parcel Service by 5.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,676,441 shares of the transportation company’s stock worth $578,053,000 after acquiring an additional 200,297 shares in the last quarter. Finally, KLCM Advisors Inc. bought a new stake in United Parcel Service in the fourth quarter valued at $2,410,000. Institutional investors own 60.26% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on UPS. Evercore ISI reduced their target price on United Parcel Service from $157.00 to $145.00 and set an “in-line” rating for the company in a research note on Monday, June 24th. Redburn Atlantic upgraded 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. Morgan Stanley increased their target price on United Parcel Service from $95.00 to $100.00 and gave the stock an “underweight” rating in a report on Wednesday, March 27th. Stifel Nicolaus decreased their price target on shares of United Parcel Service from $178.00 to $170.00 and set a “buy” rating for the company in a research note 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 company from $150.00 to $170.00 in a research note on Thursday, April 25th. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, United Parcel Service has an average rating of “Hold” and a consensus price target of $164.55.

United Parcel Service Price Performance

United Parcel Service stock traded down $1.34 during midday trading on Tuesday, hitting $134.61. 1,005,820 shares of the company’s stock were exchanged, compared to its average volume of 4,033,579. The stock has a 50-day moving average price of $141.71 and a two-hundred day moving average price of $148.50. United Parcel Service, Inc. has a 52-week low of $132.90 and a 52-week high of $192.98. The company has a market cap of $115.17 billion, a P/E ratio of 19.60, a PEG ratio of 1.74 and a beta of 0.98. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.04 and a current ratio of 1.10.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings results on Tuesday, April 23rd. The transportation company reported $1.43 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 firm had revenue of $21.70 billion for the quarter, compared to the consensus estimate of $21.84 billion. During the same period last year, the firm posted $2.20 earnings per share. The business’s revenue was down 5.3% compared to the same quarter last year. On average, equities research analysts forecast that United Parcel Service, Inc. will post 8.22 earnings per share for the current year.

United Parcel Service Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 30th. Investors of record on Monday, May 13th were paid a $1.63 dividend. This represents a $6.52 annualized dividend and a dividend yield of 4.84%. The ex-dividend date was Friday, May 10th. United Parcel Service’s payout ratio is 94.49%.

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.