Oppenheimer Asset Management Inc. Has $21.58 Million Holdings in United Parcel Service, Inc. (NYSE:UPS)

Oppenheimer Asset Management Inc. trimmed its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 12.7% in the 4th quarter, Holdings Channel reports. The institutional investor owned 171,143 shares of the transportation company’s stock after selling 24,903 shares during the period. Oppenheimer Asset Management Inc.’s holdings in United Parcel Service were worth $21,581,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the company. True Wealth Design LLC lifted its stake in United Parcel Service by 397.7% in the third quarter. True Wealth Design LLC now owns 214 shares of the transportation company’s stock valued at $29,000 after acquiring an additional 171 shares during the last quarter. IFS Advisors LLC raised its holdings in shares of United Parcel Service by 232.3% during 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 in the last quarter. Princeton Global Asset Management LLC lifted its stake in shares of United Parcel Service by 720.0% in the 3rd quarter. Princeton Global Asset Management LLC now owns 246 shares of the transportation company’s stock valued at $34,000 after purchasing an additional 216 shares during the last quarter. FSA Wealth Management LLC bought a new stake in United Parcel Service in the third quarter worth $36,000. Finally, Whipplewood Advisors LLC acquired a new position in United Parcel Service during the fourth quarter worth $34,000. Institutional investors own 60.26% of the company’s stock.

United Parcel Service Price Performance

Shares of United Parcel Service stock opened at $116.83 on Thursday. The firm has a market cap of $99.79 billion, a P/E ratio of 17.28, a price-to-earnings-growth ratio of 1.55 and a beta of 0.98. The firm’s 50-day simple moving average is $122.64 and its 200-day simple moving average is $128.19. United Parcel Service, Inc. has a twelve month low of $109.40 and a twelve month high of $158.95. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.14 and a current ratio of 1.17.

United Parcel Service (NYSE:UPS) last released its quarterly earnings data on Thursday, January 30th. The transportation company reported $2.75 earnings per share 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 prior year, the business earned $2.47 EPS. As a group, research analysts expect that United Parcel Service, Inc. will post 7.95 EPS for the current fiscal year.

United Parcel Service Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 6th. Shareholders of record on Tuesday, February 18th will be given a $1.64 dividend. This represents a $6.56 dividend on an annualized basis and a yield of 5.61%. This is a boost from United Parcel Service’s previous quarterly dividend of $1.63. The ex-dividend date of this dividend is Tuesday, February 18th. United Parcel Service’s dividend payout ratio is 97.04%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. Susquehanna reduced their price target on United Parcel Service from $140.00 to $130.00 and set a “neutral” rating for the company in a research report on Friday, January 31st. Robert W. Baird downgraded United Parcel Service from an “outperform” rating to a “neutral” rating and cut their price objective for the company from $160.00 to $130.00 in a research note on Friday, January 31st. Morgan Stanley decreased their target price on United Parcel Service from $100.00 to $82.00 and set an “underweight” rating for the company in a research report on Friday, January 31st. Wells Fargo & Company dropped their price target on shares of United Parcel Service from $150.00 to $128.00 and set an “overweight” rating on the stock in a research report on Friday, January 31st. Finally, Citigroup reduced their price objective on shares of United Parcel Service from $158.00 to $149.00 and set a “buy” rating for the company in a research note on Friday, January 31st. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $140.73.

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.