Orion Portfolio Solutions LLC Has $12.65 Million Holdings in United Parcel Service, Inc. (NYSE:UPS)

Orion Portfolio Solutions LLC cut its position in United Parcel Service, Inc. (NYSE:UPS) by 16.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 79,120 shares of the transportation company’s stock after selling 15,286 shares during the period. Orion Portfolio Solutions LLC’s holdings in United Parcel Service were worth $12,653,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in UPS. Meyer Handelman Co. boosted its position in United Parcel Service by 30.2% in the third quarter. Meyer Handelman Co. now owns 5,600 shares of the transportation company’s stock valued at $873,000 after buying an additional 1,300 shares in the last quarter. Assenagon Asset Management S.A. raised its stake in shares of United Parcel Service by 1,599.3% in the third quarter. Assenagon Asset Management S.A. now owns 345,109 shares of the transportation company’s stock worth $53,792,000 after acquiring an additional 324,800 shares during the last quarter. NTV Asset Management LLC raised its stake in shares of United Parcel Service by 26.0% in the third quarter. NTV Asset Management LLC now owns 3,117 shares of the transportation company’s stock worth $486,000 after acquiring an additional 644 shares during the last quarter. Versor Investments LP raised its stake in shares of United Parcel Service by 30.4% in the third quarter. Versor Investments LP now owns 5,976 shares of the transportation company’s stock worth $931,000 after acquiring an additional 1,392 shares during the last quarter. Finally, Donoghue Forlines LLC raised its stake in shares of United Parcel Service by 92.1% in the third quarter. Donoghue Forlines LLC now owns 4,413 shares of the transportation company’s stock worth $688,000 after acquiring an additional 2,116 shares during the last quarter. 60.26% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on UPS shares. Stifel Nicolaus dropped their target price 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. Deutsche Bank Aktiengesellschaft dropped their target price on shares of United Parcel Service from $183.00 to $179.00 and set a “buy” rating for the company in a research note on Thursday, March 28th. 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. Robert W. Baird raised shares of United Parcel Service from a “neutral” rating to an “outperform” rating and boosted their price target for the stock from $165.00 to $170.00 in a research note on Friday, February 16th. Finally, Raymond James dropped their price target on shares of United Parcel Service from $185.00 to $175.00 and set a “strong-buy” rating for the company in a research note on Wednesday, January 31st. 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 assigned a strong buy rating to the stock. Based on data from MarketBeat, United Parcel Service presently has an average rating of “Hold” and a consensus price target of $165.23.

United Parcel Service Stock Performance

NYSE:UPS traded down $0.44 during mid-day trading on Friday, reaching $138.66. 2,995,428 shares of the company’s stock were exchanged, compared to its average volume of 2,760,187. United Parcel Service, Inc. has a one year low of $133.68 and a one year high of $192.98. The firm has a market capitalization of $118.63 billion, a PE ratio of 20.10, a price-to-earnings-growth ratio of 1.76 and a beta of 1.05. The business’s fifty day simple moving average is $147.85 and its two-hundred day simple moving average is $150.79. 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 released its quarterly earnings results on Tuesday, April 23rd. The transportation company reported $1.43 EPS for the quarter, topping analysts’ consensus estimates 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 analyst estimates of $21.84 billion. During the same period last year, the firm earned $2.20 earnings per share. United Parcel Service’s revenue for the quarter was down 5.3% compared to the same quarter last year. Analysts anticipate that United Parcel Service, Inc. will post 8.22 earnings per share for the current fiscal year.

United Parcel Service Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 30th. Shareholders of record on Monday, May 13th will be paid a dividend of $1.63 per share. The ex-dividend date of this dividend is Friday, May 10th. This represents a $6.52 dividend on an annualized basis and a yield of 4.70%. 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.