Torray Investment Partners LLC Reduces Position in United Parcel Service, Inc. (NYSE:UPS)

Torray Investment Partners LLC decreased its holdings in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 34.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 22,505 shares of the transportation company's stock after selling 11,671 shares during the period. Torray Investment Partners LLC's holdings in United Parcel Service were worth $2,838,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of UPS. IFS Advisors LLC grew its holdings in United Parcel Service by 232.3% during the fourth 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 period. True Wealth Design LLC lifted its stake in shares of United Parcel Service by 397.7% in the third 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. Princeton Global Asset Management LLC boosted its stake in shares of United Parcel Service by 720.0% during the 3rd quarter. Princeton Global Asset Management LLC now owns 246 shares of the transportation company's stock worth $34,000 after acquiring an additional 216 shares in the last quarter. Whipplewood Advisors LLC acquired a new stake in United Parcel Service in the fourth quarter valued at $34,000. Finally, FSA Wealth Management LLC purchased a new position in shares of United Parcel Service in the third quarter valued at $36,000. 60.26% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on UPS shares. Wells Fargo & Company cut their target price on shares of United Parcel Service from $150.00 to $128.00 and set an "overweight" rating for the company in a research report on Friday, January 31st. The Goldman Sachs Group cut their price objective on United Parcel Service from $166.00 to $147.00 and set a "buy" rating for the company in a research report on Friday, January 31st. BMO Capital Markets upgraded United Parcel Service from a "market perform" rating to an "outperform" rating and lowered their target price for the company from $155.00 to $150.00 in a report on Tuesday, December 10th. Citigroup cut their price target on United Parcel Service from $158.00 to $149.00 and set a "buy" rating for the company in a report on Friday, January 31st. Finally, JPMorgan Chase & Co. dropped their price objective on United Parcel Service from $135.00 to $120.00 and set a "neutral" rating for the company in a research report on Friday, January 31st. Two research analysts have rated the stock with a sell rating, eight have assigned 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.com, United Parcel Service presently has an average rating of "Moderate Buy" and an average target price of $140.73.

United Parcel Service Trading Up 2.0 %

Shares of NYSE:UPS traded up $2.31 during trading on Wednesday, reaching $119.10. 6,538,878 shares of the stock were exchanged, compared to its average volume of 4,406,969. United Parcel Service, Inc. has a 12-month low of $109.40 and a 12-month high of $158.95. The firm's 50-day moving average price is $122.09 and its 200 day moving average price is $127.94. 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 firm has a market cap of $101.73 billion, a price-to-earnings ratio of 17.62, a price-to-earnings-growth ratio of 1.55 and a beta of 0.98.

United Parcel Service (NYSE:UPS - Get Free Report) last issued its earnings results 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 net margin of 6.35% and a return on equity of 39.13%. During the same period in the prior year, the firm posted $2.47 EPS. On average, sell-side analysts anticipate 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 will be paid on Thursday, March 6th. Stockholders of record on Tuesday, February 18th will be given a $1.64 dividend. This is an increase from United Parcel Service's previous quarterly dividend of $1.63. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $6.56 annualized dividend and a dividend yield of 5.51%. United Parcel Service's dividend payout ratio 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.