Dechtman Wealth Management LLC Sells 151 Shares of United Parcel Service, Inc. (NYSE:UPS)

Dechtman Wealth Management LLC cut its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 4.9% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,954 shares of the transportation company’s stock after selling 151 shares during the quarter. Dechtman Wealth Management LLC’s holdings in United Parcel Service were worth $372,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the company. Raymond James Financial Inc. purchased a new stake in shares of United Parcel Service in the 4th quarter worth approximately $393,680,000. Two Sigma Advisers LP raised its position in shares of United Parcel Service by 833.4% in the 3rd quarter. Two Sigma Advisers LP now owns 2,074,100 shares of the transportation company’s stock worth $282,783,000 after purchasing an additional 1,851,900 shares during the last quarter. Van ECK Associates Corp raised its position in shares of United Parcel Service by 77.7% in the 4th quarter. Van ECK Associates Corp now owns 3,150,901 shares of the transportation company’s stock worth $397,329,000 after purchasing an additional 1,378,136 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in United Parcel Service by 6.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 23,264,665 shares of the transportation company’s stock worth $2,933,674,000 after purchasing an additional 1,337,058 shares in the last quarter. Finally, Amundi increased its stake in United Parcel Service by 14.6% during the 4th quarter. Amundi now owns 10,040,863 shares of the transportation company’s stock valued at $1,272,600,000 after purchasing an additional 1,277,328 shares in the last quarter. Institutional investors own 60.26% of the company’s stock.

Wall Street Analysts Forecast Growth

UPS has been the topic of several analyst reports. JPMorgan Chase & Co. dropped their target price on shares of United Parcel Service from $135.00 to $120.00 and set a “neutral” rating on the stock in a research note on Friday, January 31st. Evercore ISI increased their target price on United Parcel Service from $141.00 to $147.00 and gave the company an “in-line” rating in a research note on Wednesday, January 22nd. Raymond James decreased their price target 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. Robert W. Baird downgraded United Parcel Service from an “outperform” rating to a “neutral” rating and reduced their price objective for the stock from $160.00 to $130.00 in a report on Friday, January 31st. Finally, Bank of America lowered their target price on shares of United Parcel Service from $133.00 to $129.00 and set a “buy” rating on the stock in a research note on Tuesday. Two research 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 company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $137.91.

United Parcel Service Price Performance

Shares of United Parcel Service stock opened at $110.01 on Wednesday. The company has a market capitalization of $93.97 billion, a price-to-earnings ratio of 16.27, a PEG ratio of 1.55 and a beta of 0.94. The company has a quick ratio of 1.14, a current ratio of 1.17 and a debt-to-equity ratio of 1.16. The stock’s 50-day simple moving average is $119.63 and its 200-day simple moving average is $126.79. United Parcel Service, Inc. has a 52 week low of $109.40 and a 52 week high of $157.99.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings results on Thursday, January 30th. The transportation company reported $2.75 EPS for the quarter, topping 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 period in the previous year, the firm posted $2.47 EPS. As a group, 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 was paid on Thursday, March 6th. Shareholders of record on Tuesday, February 18th were issued a $1.64 dividend. This is an increase from United Parcel Service’s previous quarterly dividend of $1.63. This represents a $6.56 dividend on an annualized basis and a yield of 5.96%. The ex-dividend date of this dividend was Tuesday, February 18th. United Parcel Service’s payout ratio 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.