Valley Wealth Managers Inc. cut its holdings in United Parcel Service, Inc. (NYSE:UPS - Free Report) by 34.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 17,851 shares of the transportation company's stock after selling 9,468 shares during the period. Valley Wealth Managers Inc.'s holdings in United Parcel Service were worth $2,251,000 at the end of the most recent reporting period.
A number of other large investors have also recently added to or reduced their stakes in the business. State Street Corp lifted its holdings in United Parcel Service by 2.1% in the third quarter. State Street Corp now owns 29,597,425 shares of the transportation company's stock valued at $4,035,313,000 after acquiring an additional 613,409 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in United Parcel Service by 6.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 21,927,607 shares of the transportation company's stock valued at $2,989,609,000 after purchasing an additional 1,320,921 shares during the period. Geode Capital Management LLC raised its position in United Parcel Service by 2.5% in the third quarter. Geode Capital Management LLC now owns 15,289,624 shares of the transportation company's stock valued at $2,080,170,000 after purchasing an additional 373,202 shares during the period. International Assets Investment Management LLC raised its position in United Parcel Service by 15,779.6% in the third quarter. International Assets Investment Management LLC now owns 14,631,461 shares of the transportation company's stock valued at $1,994,853,000 after purchasing an additional 14,539,321 shares during the period. Finally, FMR LLC raised its position in United Parcel Service by 3.7% in the third quarter. FMR LLC now owns 10,627,550 shares of the transportation company's stock valued at $1,448,960,000 after purchasing an additional 380,229 shares during the period. 60.26% of the stock is currently owned by institutional investors and hedge funds.
Insider Buying and Selling at United Parcel Service
In other United Parcel Service news, insider Norman M. Brothers, Jr. sold 7,325 shares of the company's stock in a transaction on Monday, November 25th. The shares were sold at an average price of $138.57, for a total value of $1,015,025.25. Following the completion of the transaction, the insider now owns 45,098 shares in the company, valued at $6,249,229.86. This represents a 13.97 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.13% of the stock is currently owned by insiders.
Analysts Set New Price Targets
A number of analysts have issued reports on the company. Susquehanna cut their target price on United Parcel Service from $140.00 to $130.00 and set a "neutral" rating on the stock in a research report on Friday, January 31st. Wells Fargo & Company cut their target price on United Parcel Service from $150.00 to $128.00 and set an "overweight" rating on the stock in a research report on Friday, January 31st. Evercore ISI boosted their target price on United Parcel Service from $141.00 to $147.00 and gave the company an "in-line" rating in a research report on Wednesday, January 22nd. Oppenheimer boosted their target price on United Parcel Service from $140.00 to $146.00 and gave the company an "outperform" rating in a research report on Monday, October 28th. Finally, JPMorgan Chase & Co. cut their target price on United Parcel Service from $135.00 to $120.00 and set a "neutral" rating on the stock in a research report on Friday, January 31st. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $140.73.
Check Out Our Latest Report on UPS
United Parcel Service Stock Down 0.2 %
Shares of UPS stock traded down $0.25 on Friday, reaching $116.35. 6,455,199 shares of the stock were exchanged, compared to its average volume of 6,637,967. The company has a current ratio of 1.17, a quick ratio of 1.14 and a debt-to-equity ratio of 1.16. The business's 50 day moving average price is $123.21 and its 200 day moving average price is $128.33. The company has a market capitalization of $99.29 billion, a price-to-earnings ratio of 17.21, a PEG ratio of 1.52 and a beta of 0.98. United Parcel Service, Inc. has a twelve month low of $109.40 and a twelve month high of $158.95.
United Parcel Service (NYSE:UPS - Get Free Report) last released its quarterly earnings data on Thursday, January 30th. The transportation company reported $2.75 earnings per share (EPS) for the quarter, beating the consensus estimate 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 earned $2.47 earnings per share. As a group, sell-side 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 business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 6th. Shareholders of record on Tuesday, February 18th will be paid a $1.64 dividend. This represents a $6.56 annualized dividend and a yield of 5.64%. The ex-dividend date of this dividend is Tuesday, February 18th. This is an increase from United Parcel Service's previous quarterly dividend of $1.63. United Parcel Service's dividend payout ratio is currently 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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