Brown Brothers Harriman & Co. cut its stake in United Parcel Service, Inc. (NYSE:UPS - Free Report) by 27.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 88,692 shares of the transportation company's stock after selling 34,006 shares during the quarter. Brown Brothers Harriman & Co.'s holdings in United Parcel Service were worth $11,184,000 at the end of the most recent quarter.
Other hedge funds have also modified their holdings of the company. IMG Wealth Management Inc. acquired a new position in United Parcel Service in the fourth quarter valued at about $25,000. Generali Investments Management Co LLC bought a new position in shares of United Parcel Service during the 4th quarter valued at about $26,000. True Wealth Design LLC grew its position in shares of United Parcel Service by 397.7% in the 3rd quarter. True Wealth Design LLC now owns 214 shares of the transportation company's stock valued at $29,000 after purchasing an additional 171 shares during the period. IFS Advisors LLC increased its stake in United Parcel Service by 232.3% during the 4th quarter. IFS Advisors LLC now owns 216 shares of the transportation company's stock worth $27,000 after purchasing an additional 151 shares in the last quarter. Finally, Runnymede Capital Advisors Inc. acquired a new stake in United Parcel Service during the 4th quarter worth approximately $30,000. 60.26% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Several research firms have recently weighed in on UPS. StockNews.com upgraded shares of United Parcel Service from a "hold" rating to a "buy" rating in a report on Wednesday, March 5th. Baird R W lowered shares of United Parcel Service from a "strong-buy" rating to a "hold" rating in a research note on Friday, January 31st. Bank of America dropped their price target on United Parcel Service from $133.00 to $129.00 and set a "buy" rating on the stock in a research note on Tuesday, March 25th. Wolfe Research raised United Parcel Service from a "peer perform" rating to an "outperform" rating and set a $147.00 price objective for the company in a research report on Wednesday, January 8th. Finally, Citigroup dropped their target price on United Parcel Service from $158.00 to $149.00 and set a "buy" rating on the stock in a research report on Friday, January 31st. Two analysts have rated the stock with a sell rating, nine have given a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $135.83.
Check Out Our Latest Stock Report on United Parcel Service
United Parcel Service Stock Performance
NYSE UPS traded down $0.54 during trading on Tuesday, reaching $109.45. 2,438,288 shares of the company's stock were exchanged, compared to its average volume of 6,321,488. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.17 and a quick ratio of 1.14. The business has a 50 day moving average price of $118.12 and a 200-day moving average price of $126.27. The stock has a market capitalization of $93.49 billion, a P/E ratio of 16.20, a PEG ratio of 1.55 and a beta of 0.94. United Parcel Service, Inc. has a fifty-two week low of $108.30 and a fifty-two week high of $154.29.
United Parcel Service (NYSE:UPS - Get Free Report) last posted its quarterly earnings results on Thursday, January 30th. The transportation company reported $2.75 earnings per share 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 in the previous year, the firm posted $2.47 EPS. Sell-side analysts forecast that United Parcel Service, Inc. will post 7.95 earnings per share for the current fiscal year.
United Parcel Service Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Thursday, March 6th. Investors of record on Tuesday, February 18th were issued a dividend of $1.64 per share. This is an increase from United Parcel Service's previous quarterly dividend of $1.63. The ex-dividend date was Tuesday, February 18th. This represents a $6.56 annualized dividend and a dividend yield of 5.99%. United Parcel Service's payout ratio is presently 97.04%.
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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