Register Financial Advisors LLC Sells 1,418 Shares of United Parcel Service, Inc. (NYSE:UPS)

Register Financial Advisors LLC reduced its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 54.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,192 shares of the transportation company’s stock after selling 1,418 shares during the quarter. Register Financial Advisors LLC’s holdings in United Parcel Service were worth $177,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Chesapeake Wealth Management raised its stake in shares of United Parcel Service by 1.3% in the third quarter. Chesapeake Wealth Management now owns 7,886 shares of the transportation company’s stock valued at $1,229,000 after buying an additional 103 shares during the period. Cerity Partners LLC raised its stake in shares of United Parcel Service by 13.1% in the fourth quarter. Cerity Partners LLC now owns 387,381 shares of the transportation company’s stock valued at $60,908,000 after buying an additional 44,721 shares during the period. CapWealth Advisors LLC raised its stake in shares of United Parcel Service by 1.2% in the fourth quarter. CapWealth Advisors LLC now owns 58,184 shares of the transportation company’s stock valued at $9,148,000 after buying an additional 686 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of United Parcel Service by 5.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,676,441 shares of the transportation company’s stock valued at $578,053,000 after buying an additional 200,297 shares during the period. Finally, KLCM Advisors Inc. bought a new stake in shares of United Parcel Service in the fourth quarter valued at $2,410,000. 60.26% of the stock is currently owned by institutional investors.

United Parcel Service Price Performance

UPS opened at $136.85 on Friday. The stock has a 50-day moving average price of $141.71 and a 200-day moving average price of $148.61. United Parcel Service, Inc. has a 12-month low of $132.90 and a 12-month high of $192.98. The company has a current ratio of 1.10, a quick ratio of 1.04 and a debt-to-equity ratio of 1.11. The stock has a market capitalization of $117.08 billion, a P/E ratio of 19.83, a PEG ratio of 1.72 and a beta of 1.01.

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

United Parcel Service Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, May 30th. Stockholders of record on Monday, May 13th were paid a $1.63 dividend. This represents a $6.52 dividend on an annualized basis and a dividend yield of 4.76%. The ex-dividend date was Friday, May 10th. United Parcel Service’s dividend payout ratio (DPR) is presently 94.49%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on UPS shares. Deutsche Bank Aktiengesellschaft reduced their price target on United Parcel Service from $183.00 to $179.00 and set a “buy” rating for the company in a research report on Thursday, March 28th. BMO Capital Markets lifted their price target on United Parcel Service from $165.00 to $169.00 and gave the company a “market perform” rating in a research report on Wednesday, April 24th. Stifel Nicolaus reduced their price target on United Parcel Service from $178.00 to $170.00 and set a “buy” rating for the company in a research report on Thursday, March 28th. Oppenheimer lifted their price target on United Parcel Service from $153.00 to $157.00 and gave the company an “outperform” rating in a research report on Wednesday, April 24th. Finally, Morgan Stanley boosted their target price on United Parcel Service from $95.00 to $100.00 and gave the stock an “underweight” rating in a research report on Wednesday, March 27th. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $164.55.

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.