Mutual of America Capital Management LLC Sells 2,589 Shares of United Parcel Service, Inc. (NYSE:UPS)

Mutual of America Capital Management LLC cut its stake in United Parcel Service, Inc. (NYSE:UPS) by 2.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 87,629 shares of the transportation company’s stock after selling 2,589 shares during the quarter. Mutual of America Capital Management LLC’s holdings in United Parcel Service were worth $11,050,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in UPS. Tufton Capital Management grew its position in United Parcel Service by 7.3% in the 4th quarter. Tufton Capital Management now owns 58,851 shares of the transportation company’s stock worth $7,421,000 after purchasing an additional 4,014 shares during the period. Fortress Financial Group LLC purchased a new position in shares of United Parcel Service in the 4th quarter worth $633,000. Argyle Capital Management LLC grew its holdings in shares of United Parcel Service by 11.4% in the fourth quarter. Argyle Capital Management LLC now owns 26,428 shares of the transportation company’s stock worth $3,333,000 after acquiring an additional 2,695 shares during the period. Fort Sheridan Advisors LLC purchased a new stake in United Parcel Service during the fourth quarter valued at $206,000. Finally, Linscomb Wealth Inc. lifted its holdings in United Parcel Service by 3.0% in the fourth quarter. Linscomb Wealth Inc. now owns 49,509 shares of the transportation company’s stock valued at $6,243,000 after acquiring an additional 1,447 shares during the period. 60.26% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have issued reports on UPS. Evercore ISI boosted their price target 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. UBS Group reduced their target price on shares of United Parcel Service from $170.00 to $141.00 and set a “buy” rating for the company in a report on Friday, January 31st. BMO Capital Markets upgraded shares of United Parcel Service from a “market perform” rating to an “outperform” rating and decreased their price target for the stock from $155.00 to $150.00 in a research report on Tuesday, December 10th. Morgan Stanley cut their price objective on shares of 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. Finally, Wolfe Research raised United Parcel Service from a “peer perform” rating to an “outperform” rating and set a $147.00 target price on the stock in a report on Wednesday, January 8th. Two 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 issued a strong buy rating to the stock. Based on data from MarketBeat.com, United Parcel Service has a consensus rating of “Moderate Buy” and a consensus target price of $140.73.

United Parcel Service Price Performance

United Parcel Service stock opened at $118.97 on Friday. United Parcel Service, Inc. has a 52-week low of $109.40 and a 52-week high of $158.95. The company has a market cap of $101.62 billion, a price-to-earnings ratio of 17.60, a PEG ratio of 1.55 and a beta of 0.98. The firm’s fifty day moving average is $122.41 and its 200 day moving average is $128.08. 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 quarterly earnings results on Thursday, January 30th. The transportation company reported $2.75 EPS 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 period in the prior year, the business posted $2.47 earnings per share. Sell-side analysts forecast 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. Stockholders of record on Tuesday, February 18th will be issued a $1.64 dividend. This is a boost from United Parcel Service’s previous quarterly dividend of $1.63. The ex-dividend date is Tuesday, February 18th. This represents a $6.56 dividend on an annualized basis and a dividend yield of 5.51%. United Parcel Service’s payout ratio is 97.04%.

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.