Northcape Wealth Management LLC Has $531,000 Stock Position in United Parcel Service, Inc. (NYSE:UPS)

Northcape Wealth Management LLC trimmed its stake in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 78.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,207 shares of the transportation company's stock after selling 14,905 shares during the quarter. Northcape Wealth Management LLC's holdings in United Parcel Service were worth $531,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Atlas Legacy Advisors LLC bought a new stake in United Parcel Service during the fourth quarter worth approximately $264,000. Bank of Jackson Hole Trust acquired a new stake in shares of United Parcel Service in the fourth quarter valued at $303,000. New York State Common Retirement Fund boosted its stake in United Parcel Service by 0.3% during the fourth quarter. New York State Common Retirement Fund now owns 867,132 shares of the transportation company's stock valued at $109,345,000 after buying an additional 3,000 shares in the last quarter. Mcdonald Partners LLC grew its holdings in United Parcel Service by 2.8% during the fourth quarter. Mcdonald Partners LLC now owns 24,412 shares of the transportation company's stock worth $3,078,000 after acquiring an additional 669 shares during the period. Finally, Kentucky Retirement Systems Insurance Trust Fund raised its position in United Parcel Service by 16.7% in the fourth quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 25,314 shares of the transportation company's stock worth $3,192,000 after acquiring an additional 3,626 shares in the last quarter. 60.26% of the stock is owned by institutional investors and hedge funds.

United Parcel Service Stock Down 0.2 %

Shares of NYSE UPS traded down $0.25 during mid-day trading on Friday, reaching $116.35. 6,455,199 shares of the company traded hands, compared to its average volume of 7,796,271. The company's fifty day moving average is $123.21 and its two-hundred day moving average is $128.33. United Parcel Service, Inc. has a fifty-two week low of $109.40 and a fifty-two week high of $158.95. 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 stock has a market cap of $99.38 billion, a PE ratio of 17.21, a price-to-earnings-growth ratio of 1.55 and a beta of 0.98.

United Parcel Service (NYSE:UPS - Get Free Report) last released its quarterly 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 last year, the business earned $2.47 EPS. On average, analysts expect that United Parcel Service, Inc. will post 7.95 earnings per share for the current year.

United Parcel Service Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 6th. Shareholders of record on Tuesday, February 18th will be issued a dividend of $1.64 per share. This represents a $6.56 dividend on an annualized basis and a yield of 5.64%. This is a boost from United Parcel Service's previous quarterly dividend of $1.63. The ex-dividend date of this dividend is Tuesday, February 18th. United Parcel Service's dividend payout ratio is 97.04%.

Wall Street Analyst Weigh In

UPS has been the topic of several recent research reports. Robert W. Baird cut shares of United Parcel Service from an "outperform" rating to a "neutral" rating and lowered their price objective for the stock from $160.00 to $130.00 in a research note on Friday, January 31st. Baird R W downgraded United Parcel Service from a "strong-buy" rating to a "hold" rating in a research report on Friday, January 31st. Oppenheimer lifted their target price on United Parcel Service from $140.00 to $146.00 and gave the stock an "outperform" rating in a report on Monday, October 28th. UBS Group reduced their target price on United Parcel Service from $170.00 to $141.00 and set a "buy" rating for the company in a report on Friday, January 31st. Finally, Argus raised United Parcel Service from a "hold" rating to a "buy" rating in a research note on Tuesday, November 5th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $140.73.

Insider Activity

In other news, insider Norman M. Brothers, Jr. sold 7,325 shares of the firm'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 sale, the insider now owns 45,098 shares in the company, valued at approximately $6,249,229.86. This trade represents a 13.97 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.13% of the stock is currently owned by company insiders.

About United Parcel Service

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.