Laird Norton Wetherby Wealth Management LLC Cuts Position in United Parcel Service, Inc. (NYSE:UPS)

Laird Norton Wetherby Wealth Management LLC lessened its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 24.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,400 shares of the transportation company’s stock after selling 2,656 shares during the quarter. Laird Norton Wetherby Wealth Management LLC’s holdings in United Parcel Service were worth $1,059,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. IMG Wealth Management Inc. purchased a new position in United Parcel Service during the 4th quarter valued at approximately $25,000. Generali Investments Management Co LLC bought a new stake in shares of United Parcel Service in the 4th quarter valued at approximately $26,000. IFS Advisors LLC lifted its stake in shares of 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 purchasing an additional 151 shares during the last quarter. Runnymede Capital Advisors Inc. bought a new stake in shares of United Parcel Service in the 4th quarter valued at approximately $30,000. Finally, Marshall & Sterling Wealth Advisors Inc. bought a new stake in shares of United Parcel Service in the 4th quarter valued at approximately $31,000. Hedge funds and other institutional investors own 60.26% of the company’s stock.

United Parcel Service Trading Down 1.4%

UPS opened at $99.80 on Wednesday. The firm has a market cap of $85.25 billion, a price-to-earnings ratio of 14.76, a PEG ratio of 1.55 and a beta of 1.23. The company has a current ratio of 1.17, a quick ratio of 1.14 and a debt-to-equity ratio of 1.16. United Parcel Service, Inc. has a 12 month low of $90.55 and a 12 month high of $153.42. The stock has a fifty day moving average price of $103.51 and a 200-day moving average price of $118.32.

United Parcel Service (NYSE:UPS) last announced its earnings results on Tuesday, April 29th. The transportation company reported $1.49 earnings per share for the quarter, topping the consensus estimate of $1.38 by $0.11. United Parcel Service had a return on equity of 39.13% and a net margin of 6.35%. The firm had revenue of $21.50 billion for the quarter, compared to the consensus estimate of $21.25 billion. During the same period in the previous year, the business earned $1.43 EPS. The firm’s revenue for the quarter was down .9% on a year-over-year basis. As a group, equities research analysts anticipate that United Parcel Service, Inc. will post 7.95 earnings per share for the current fiscal year.

United Parcel Service Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 5th. Investors of record on Monday, May 19th will be paid a dividend of $1.64 per share. The ex-dividend date of this dividend is Monday, May 19th. This represents a $6.56 annualized dividend and a yield of 6.57%. United Parcel Service’s dividend payout ratio (DPR) is 95.63%.

Wall Street Analyst Weigh In

UPS has been the subject of several analyst reports. Hsbc Global Res lowered United Parcel Service from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 1st. Susquehanna lowered their price objective on United Parcel Service from $120.00 to $110.00 and set a “neutral” rating for the company in a research note on Wednesday, April 30th. Barclays lowered their price objective on United Parcel Service from $100.00 to $90.00 and set an “underweight” rating for the company in a research note on Monday, March 31st. Robert W. Baird lowered United Parcel Service from an “outperform” rating to a “neutral” rating and lowered their price objective for the company from $160.00 to $130.00 in a research note on Friday, January 31st. Finally, UBS Group decreased their price target on United Parcel Service from $141.00 to $127.00 and set a “buy” rating for the company in a research note on Thursday, April 3rd. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $120.87.

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.