IHT Wealth Management LLC Has $1.53 Million Stock Position in United Parcel Service, Inc. (NYSE:UPS)

IHT Wealth Management LLC reduced its position in United Parcel Service, Inc. (NYSE:UPS - Free Report) by 23.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 12,110 shares of the transportation company's stock after selling 3,660 shares during the period. IHT Wealth Management LLC's holdings in United Parcel Service were worth $1,527,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Principal Financial Group Inc. lifted its stake in United Parcel Service by 4.3% in the third quarter. Principal Financial Group Inc. now owns 829,280 shares of the transportation company's stock valued at $113,064,000 after acquiring an additional 33,989 shares during the last quarter. Onyx Bridge Wealth Group LLC acquired a new stake in shares of United Parcel Service in the 4th quarter valued at $461,000. Synovus Financial Corp boosted its holdings in United Parcel Service by 8.6% in the third quarter. Synovus Financial Corp now owns 87,531 shares of the transportation company's stock worth $11,934,000 after purchasing an additional 6,941 shares in the last quarter. HF Advisory Group LLC acquired a new position in United Parcel Service during the fourth quarter worth $1,305,000. Finally, Allspring Global Investments Holdings LLC raised its holdings in United Parcel Service by 27.2% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 131,623 shares of the transportation company's stock valued at $16,304,000 after buying an additional 28,108 shares in the last quarter. 60.26% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently commented on UPS. UBS Group lowered their price objective on United Parcel Service from $141.00 to $127.00 and set a "buy" rating on the stock in a report on Thursday, April 3rd. Morgan Stanley reduced their price objective on shares of United Parcel Service from $100.00 to $82.00 and set an "underweight" rating for the company in a research note on Friday, January 31st. Susquehanna dropped their target price on shares of United Parcel Service from $130.00 to $120.00 and set a "neutral" rating on the stock in a report on Tuesday, April 1st. Citigroup dropped their price objective on United Parcel Service from $149.00 to $123.00 and set a "buy" rating on the stock in a research note on Tuesday, April 8th. Finally, Robert W. Baird downgraded United Parcel Service from an "outperform" rating to a "neutral" rating and decreased their target price for the company from $160.00 to $130.00 in a research note on Friday, January 31st. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $128.74.

United Parcel Service Trading Up 0.6 %

Shares of NYSE UPS opened at $96.84 on Wednesday. The company has a market cap of $82.72 billion, a PE ratio of 14.33, a P/E/G ratio of 1.55 and a beta of 1.10. The company has a current ratio of 1.17, a quick ratio of 1.14 and a debt-to-equity ratio of 1.16. United Parcel Service, Inc. has a 1-year low of $90.55 and a 1-year high of $153.42. The company has a 50-day moving average of $109.66 and a two-hundred day moving average of $122.19.

United Parcel Service (NYSE:UPS - Get Free Report) last issued its quarterly earnings data on Thursday, January 30th. The transportation company reported $2.75 EPS for the quarter, beating analysts' consensus estimates of $2.52 by $0.23. United Parcel Service had a return on equity of 39.13% and a net margin of 6.35%. During the same period last year, the business posted $2.47 EPS. As a group, equities analysts expect that United Parcel Service, Inc. will post 7.95 earnings per share for the current fiscal year.

United Parcel Service Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 6th. Investors of record on Tuesday, February 18th were given a dividend of $1.64 per share. This is a boost from United Parcel Service's previous quarterly dividend of $1.63. The ex-dividend date was Tuesday, February 18th. This represents a $6.56 dividend on an annualized basis and a yield of 6.77%. United Parcel Service's dividend payout ratio (DPR) is presently 97.04%.

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.

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