Iams Wealth Management LLC Has $4.86 Million Stock Holdings in United Parcel Service, Inc. (NYSE:UPS)

Iams Wealth Management LLC lessened its stake in United Parcel Service, Inc. (NYSE:UPS) by 7.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 38,547 shares of the transportation company’s stock after selling 2,993 shares during the period. United Parcel Service makes up approximately 2.2% of Iams Wealth Management LLC’s holdings, making the stock its 5th largest position. Iams Wealth Management LLC’s holdings in United Parcel Service were worth $4,861,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the stock. State Street Corp boosted its stake in shares of United Parcel Service by 2.1% during the 3rd quarter. State Street Corp now owns 29,597,425 shares of the transportation company’s stock worth $4,035,313,000 after acquiring an additional 613,409 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of United Parcel Service by 6.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 21,927,607 shares of the transportation company’s stock worth $2,989,609,000 after acquiring an additional 1,320,921 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of United Parcel Service by 2.5% during the 3rd quarter. Geode Capital Management LLC now owns 15,289,624 shares of the transportation company’s stock worth $2,080,170,000 after acquiring an additional 373,202 shares during the last quarter. International Assets Investment Management LLC lifted its stake in shares of United Parcel Service by 15,779.6% during the 3rd quarter. International Assets Investment Management LLC now owns 14,631,461 shares of the transportation company’s stock valued at $1,994,853,000 after buying an additional 14,539,321 shares in the last quarter. Finally, FMR LLC lifted its stake in shares of United Parcel Service by 3.7% during the 3rd quarter. FMR LLC now owns 10,627,550 shares of the transportation company’s stock valued at $1,448,960,000 after buying an additional 380,229 shares in the last quarter. Institutional investors own 60.26% of the company’s stock.

Wall Street Analyst Weigh In

UPS has been the topic of several research analyst reports. Argus upgraded shares of United Parcel Service from a “hold” rating to a “buy” rating in a research note on Tuesday, November 5th. Oppenheimer increased their price objective on shares of United Parcel Service from $140.00 to $146.00 and gave the company an “outperform” rating in a report on Monday, October 28th. Wolfe Research raised shares of United Parcel Service from a “peer perform” rating to an “outperform” rating and set a $147.00 price objective for the company in a report on Wednesday, January 8th. BMO Capital Markets raised shares of United Parcel Service from a “market perform” rating to an “outperform” rating and dropped their price objective for the company from $155.00 to $150.00 in a report on Tuesday, December 10th. Finally, Stifel Nicolaus dropped their price objective on shares of United Parcel Service from $156.00 to $153.00 and set a “buy” rating for the company in a report on Thursday, January 23rd. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating, fifteen have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $151.24.

Insider Transactions at United Parcel Service

In other United Parcel Service news, insider Norman M. Brothers, Jr. sold 7,325 shares of United Parcel Service stock in a transaction on Monday, November 25th. The shares were sold at an average price of $138.57, for a total value of $1,015,025.25. Following the completion of the transaction, the insider now owns 45,098 shares of the company’s stock, valued at approximately $6,249,229.86. The trade was a 13.97 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.13% of the company’s stock.

United Parcel Service Price Performance

Shares of UPS opened at $136.43 on Wednesday. The company has a market cap of $116.42 billion, a price-to-earnings ratio of 20.52, a price-to-earnings-growth ratio of 1.86 and a beta of 1.00. United Parcel Service, Inc. has a twelve month low of $121.56 and a twelve month high of $158.95. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.20. The company has a 50 day moving average of $129.01 and a two-hundred day moving average of $130.70.

United Parcel Service Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 5th. Stockholders of record on Monday, November 18th were paid a dividend of $1.63 per share. The ex-dividend date was Monday, November 18th. This represents a $6.52 annualized dividend and a dividend yield of 4.78%. United Parcel Service’s payout ratio is currently 98.49%.

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.