Forvis Mazars Wealth Advisors LLC Sells 167 Shares of United Parcel Service, Inc. (NYSE:UPS)

Forvis Mazars Wealth Advisors LLC decreased its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 2.4% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 6,917 shares of the transportation company’s stock after selling 167 shares during the quarter. Forvis Mazars Wealth Advisors LLC’s holdings in United Parcel Service were worth $872,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. IFS Advisors LLC grew its position in United Parcel Service by 232.3% in the 4th quarter. IFS Advisors LLC now owns 216 shares of the transportation company’s stock valued at $27,000 after acquiring an additional 151 shares during the last quarter. True Wealth Design LLC boosted its stake in shares of United Parcel Service by 397.7% during 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 grew its holdings in shares of United Parcel Service by 720.0% in the third quarter. Princeton Global Asset Management LLC now owns 246 shares of the transportation company’s stock worth $34,000 after purchasing an additional 216 shares during the last quarter. FSA Wealth Management LLC purchased a new position in United Parcel Service in the 3rd quarter worth about $36,000. Finally, Sugar Maple Asset Management LLC bought a new stake in United Parcel Service during the 4th quarter valued at about $38,000. 60.26% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on UPS. Stifel Nicolaus dropped their target price on shares of United Parcel Service from $156.00 to $153.00 and set a “buy” rating on the stock in a research note on Thursday, January 23rd. Bank of America dropped their price objective on United Parcel Service from $150.00 to $133.00 and set a “buy” rating on the stock in a research note on Friday, January 31st. Wells Fargo & Company decreased their target price on 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. Susquehanna dropped their price target 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. Finally, Argus upgraded 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 assigned a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $140.73.

United Parcel Service Stock Down 0.2 %

Shares of UPS stock opened at $116.35 on Monday. The stock’s fifty day moving average price is $123.21 and its 200 day moving average price is $128.39. United Parcel Service, Inc. has a 1-year low of $109.40 and a 1-year high of $158.95. The company has a market cap of $99.38 billion, a price-to-earnings ratio of 17.21, a price-to-earnings-growth ratio of 1.55 and a beta of 0.98. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.17 and a quick ratio of 1.14.

United Parcel Service (NYSE:UPS) last posted 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 quarter in the prior year, the company earned $2.47 EPS. On average, research 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 declared a quarterly dividend, which will be paid on Thursday, March 6th. Shareholders of record on Tuesday, February 18th will be issued a $1.64 dividend. The ex-dividend date is Tuesday, February 18th. This represents a $6.56 dividend on an annualized basis and a dividend yield of 5.64%. This is a boost from United Parcel Service’s previous quarterly dividend of $1.63. United Parcel Service’s dividend payout ratio (DPR) is currently 97.04%.

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.