NewEdge Wealth LLC Trims Holdings in United Parcel Service, Inc. (NYSE:UPS)

NewEdge Wealth LLC lessened its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 10.0% during the fourth quarter, Holdings Channel reports. The firm owned 23,302 shares of the transportation company’s stock after selling 2,602 shares during the quarter. NewEdge Wealth LLC’s holdings in United Parcel Service were worth $2,938,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. IFS Advisors LLC increased its holdings in 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 during the period. True Wealth Design LLC boosted its position in United Parcel Service by 397.7% during the 3rd 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 in the last quarter. Princeton Global Asset Management LLC boosted its position in United Parcel Service by 720.0% during the 3rd quarter. Princeton Global Asset Management LLC now owns 246 shares of the transportation company’s stock valued at $34,000 after acquiring an additional 216 shares in the last quarter. FSA Wealth Management LLC bought a new stake in United Parcel Service during the 3rd quarter valued at approximately $36,000. Finally, Sugar Maple Asset Management LLC bought a new stake in United Parcel Service during the 4th quarter valued at approximately $38,000. 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 several research reports. Raymond James cut 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 report on Friday, January 31st. Morgan Stanley cut their price objective on United Parcel Service from $100.00 to $82.00 and set an “underweight” rating on the stock in a research report on Friday, January 31st. UBS Group cut their price objective on United Parcel Service from $170.00 to $141.00 and set a “buy” rating on the stock in a research report on Friday, January 31st. BMO Capital Markets raised United Parcel Service from a “market perform” rating to an “outperform” rating and dropped their price target for the stock from $155.00 to $150.00 in a research report on Tuesday, December 10th. Finally, Baird R W cut United Parcel Service from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 31st. Two analysts have rated the stock with a sell rating, nine have issued a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $140.73.

United Parcel Service Price Performance

Shares of NYSE UPS opened at $118.97 on Friday. United Parcel Service, Inc. has a twelve month low of $109.40 and a twelve month high of $158.95. The firm has a market cap of $101.62 billion, a P/E ratio of 17.60, a PEG ratio of 1.55 and a beta of 0.98. The company has a 50 day moving average of $122.41 and a 200 day moving average of $128.07. The company has a quick ratio of 1.14, a current ratio of 1.17 and a debt-to-equity ratio of 1.16.

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, beating analysts’ consensus estimates of $2.52 by $0.23. United Parcel Service had a net margin of 6.35% and a return on equity of 39.13%. During the same quarter last year, the firm posted $2.47 earnings per share. 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 announced a quarterly dividend, which will be paid on Thursday, March 6th. Shareholders of record on Tuesday, February 18th will be paid a dividend of $1.64 per share. The ex-dividend date is Tuesday, February 18th. This is a positive change 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 5.51%. 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.