United Parcel Service, Inc. (NYSE:UPS) Holdings Trimmed by Weaver C. Barksdale & Associates Inc.

Weaver C. Barksdale & Associates Inc. lowered its stake in United Parcel Service, Inc. (NYSE:UPS) by 2.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,654 shares of the transportation company’s stock after selling 339 shares during the quarter. Weaver C. Barksdale & Associates Inc.’s holdings in United Parcel Service were worth $1,721,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. IMG Wealth Management Inc. bought a new stake in United Parcel Service during the fourth quarter valued at about $25,000. Generali Investments Management Co LLC bought a new stake in shares of United Parcel Service during the fourth quarter valued at approximately $26,000. True Wealth Design LLC raised its stake in shares of United Parcel Service by 397.7% in the 3rd quarter. True Wealth Design LLC now owns 214 shares of the transportation company’s stock valued at $29,000 after buying an additional 171 shares in the last quarter. IFS Advisors LLC grew 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 period. Finally, Runnymede Capital Advisors Inc. bought a new position in United Parcel Service during the 4th quarter valued at about $30,000. Institutional investors and hedge funds own 60.26% of the company’s stock.

United Parcel Service Trading Down 5.0 %

Shares of UPS opened at $110.01 on Wednesday. The company’s fifty day moving average is $119.63 and its 200 day moving average is $126.79. 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 capitalization of $93.97 billion, a PE ratio of 16.27, a P/E/G ratio of 1.55 and a beta of 0.94. United Parcel Service, Inc. has a fifty-two week low of $109.40 and a fifty-two week high of $157.99.

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 analysts’ consensus estimates 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 previous year, the company posted $2.47 earnings per share. 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 firm also recently announced a quarterly dividend, which was paid on Thursday, March 6th. Investors of record on Tuesday, February 18th were given a dividend of $1.64 per share. This is a positive change from United Parcel Service’s previous quarterly dividend of $1.63. This represents a $6.56 annualized dividend and a yield of 5.96%. The ex-dividend date of this dividend was Tuesday, February 18th. United Parcel Service’s dividend payout ratio is currently 97.04%.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft assumed coverage on United Parcel Service in a report on Friday, March 7th. They set a “hold” rating and a $119.00 price objective for the company. Morgan Stanley cut their price target on shares of United Parcel Service from $100.00 to $82.00 and set an “underweight” rating on the stock in a research note on Friday, January 31st. Citigroup cut their price objective on shares of United Parcel Service from $158.00 to $149.00 and set a “buy” rating on the stock in a research report on Friday, January 31st. Raymond James dropped their price objective on United Parcel Service from $155.00 to $145.00 and set a “strong-buy” rating on the stock in a research note on Friday, January 31st. Finally, The Goldman Sachs Group decreased their target price on United Parcel Service from $166.00 to $147.00 and set a “buy” rating on the stock in a report on Friday, January 31st. Two analysts have rated the stock with a sell rating, nine 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.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $137.91.

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.