Nicolet Advisory Services LLC Sells 728 Shares of United Parcel Service, Inc. (NYSE:UPS)

Nicolet Advisory Services LLC reduced its position in United Parcel Service, Inc. (NYSE:UPS) by 17.5% during the fourth quarter, Holdings Channel reports. The institutional investor owned 3,422 shares of the transportation company’s stock after selling 728 shares during the quarter. Nicolet Advisory Services LLC’s holdings in United Parcel Service were worth $422,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. OneAscent Financial Services LLC grew its holdings in United Parcel Service by 13.5% in the fourth quarter. OneAscent Financial Services LLC now owns 2,571 shares of the transportation company’s stock worth $324,000 after purchasing an additional 305 shares during the last quarter. Kesler Norman & Wride LLC boosted its position in shares of United Parcel Service by 3.4% in the 4th quarter. Kesler Norman & Wride LLC now owns 30,119 shares of the transportation company’s stock worth $3,798,000 after purchasing an additional 989 shares in the last quarter. RFG Bristol Wealth Advisors LLC purchased a new position in United Parcel Service during the 4th quarter worth $914,000. Potomac Fund Management Inc. ADV acquired a new position in United Parcel Service during the 4th quarter valued at about $1,194,000. Finally, OV Management LLC raised its stake in United Parcel Service by 9.3% in the fourth quarter. OV Management LLC now owns 13,621 shares of the transportation company’s stock valued at $1,718,000 after buying an additional 1,161 shares during the last quarter. Hedge funds and other institutional investors own 60.26% of the company’s stock.

Wall Street Analysts Forecast Growth

UPS has been the topic of a number of research analyst reports. Deutsche Bank Aktiengesellschaft began coverage on United Parcel Service in a research note on Friday, March 7th. They set a “hold” rating and a $119.00 price target on the stock. Wolfe Research upgraded shares of United Parcel Service from a “peer perform” rating to an “outperform” rating and set a $147.00 price target on the stock in a research note on Wednesday, January 8th. Barclays lowered their price objective on shares of United Parcel Service from $100.00 to $90.00 and set an “underweight” rating for the company in a research note on Monday. Raymond James reduced their target price on United Parcel Service from $155.00 to $145.00 and set a “strong-buy” rating for the company in a research note on Friday, January 31st. Finally, Loop Capital dropped their price target on United Parcel Service from $120.00 to $115.00 and set a “hold” rating on the stock in a research note on Monday, February 3rd. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $133.18.

United Parcel Service Stock Performance

NYSE UPS opened at $100.11 on Friday. The stock has a market capitalization of $85.51 billion, a price-to-earnings ratio of 14.81, a PEG ratio of 1.55 and a beta of 0.94. The stock has a 50-day moving average of $116.53 and a 200 day moving average of $125.86. 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 twelve month low of $99.97 and a twelve month high of $154.29.

United Parcel Service (NYSE:UPS) last announced its earnings results on Thursday, January 30th. The transportation company reported $2.75 earnings per share for the quarter, topping the consensus estimate of $2.52 by $0.23. United Parcel Service had a return on equity of 39.13% and a net margin of 6.35%. During the same quarter in the prior year, the business posted $2.47 earnings per share. Sell-side analysts anticipate that United Parcel Service, Inc. will post 7.95 EPS for the current fiscal year.

United Parcel Service Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 6th. Stockholders of record on Tuesday, February 18th were given a $1.64 dividend. This is a positive change from United Parcel Service’s previous quarterly dividend of $1.63. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $6.56 annualized dividend and a dividend yield of 6.55%. United Parcel Service’s dividend payout ratio (DPR) is 97.04%.

United Parcel Service Company 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.