Commerce Bank trimmed its holdings in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 24.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 33,233 shares of the transportation company's stock after selling 10,972 shares during the quarter. Commerce Bank's holdings in United Parcel Service were worth $4,191,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors have also added to or reduced their stakes in UPS. IMG Wealth Management Inc. purchased a new position in shares of United Parcel Service in the 4th quarter worth about $25,000. Generali Investments Management Co LLC bought a new position in United Parcel Service during the fourth quarter valued at approximately $26,000. IFS Advisors LLC lifted its holdings in shares of United Parcel Service by 232.3% in the 4th quarter. IFS Advisors LLC now owns 216 shares of the transportation company's stock worth $27,000 after acquiring an additional 151 shares during the last quarter. Runnymede Capital Advisors Inc. purchased a new stake in shares of United Parcel Service in the 4th quarter valued at $30,000. Finally, Whipplewood Advisors LLC purchased a new position in United Parcel Service in the 4th quarter worth $34,000. 60.26% of the stock is currently owned by institutional investors.
United Parcel Service Stock Performance
Shares of NYSE:UPS traded down $0.16 on Monday, hitting $96.27. The company's stock had a trading volume of 3,928,807 shares, compared to its average volume of 4,826,903. United Parcel Service, Inc. has a 12 month low of $90.55 and a 12 month high of $153.42. The stock's 50-day moving average is $110.04 and its two-hundred day moving average is $122.36. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.14 and a current ratio of 1.17. The company has a market capitalization of $82.23 billion, a price-to-earnings ratio of 14.24, a price-to-earnings-growth ratio of 1.55 and a beta of 1.10.
United Parcel Service (NYSE:UPS - Get Free Report) last issued its quarterly earnings results on Thursday, January 30th. The transportation company reported $2.75 earnings per share for the quarter, topping analysts' consensus estimates of $2.52 by $0.23. United Parcel Service had a net margin of 6.35% and a return on equity of 39.13%. During the same period last year, the company posted $2.47 earnings per share. On average, equities research analysts forecast that United Parcel Service, Inc. will post 7.95 EPS for the current year.
United Parcel Service Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, March 6th. Investors of record on Tuesday, February 18th were paid a dividend of $1.64 per share. The ex-dividend date was Tuesday, February 18th. This represents a $6.56 annualized dividend and a yield of 6.81%. This is a boost from United Parcel Service's previous quarterly dividend of $1.63. United Parcel Service's dividend payout ratio (DPR) is currently 97.04%.
Analyst Upgrades and Downgrades
A number of research firms have issued reports on UPS. Baird R W cut shares of United Parcel Service from a "strong-buy" rating to a "hold" rating in a research report on Friday, January 31st. StockNews.com upgraded United Parcel Service from a "hold" rating to a "buy" rating in a report on Friday. Citigroup decreased their target price on United Parcel Service from $149.00 to $123.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. Raymond James decreased their price objective on shares of United Parcel Service from $145.00 to $130.00 and set a "strong-buy" rating for the company in a report on Wednesday, April 9th. Finally, UBS Group reduced their price target on shares of United Parcel Service from $141.00 to $127.00 and set a "buy" rating on the stock in a research report on Thursday, April 3rd. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, United Parcel Service has a consensus rating of "Moderate Buy" and a consensus price target of $129.70.
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About United Parcel Service
(
Free Report)
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.
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