Viawealth LLC Sells 346 Shares of United Parcel Service, Inc. (NYSE:UPS)

Viawealth LLC cut its holdings in United Parcel Service, Inc. (NYSE:UPS) by 9.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,176 shares of the transportation company’s stock after selling 346 shares during the period. Viawealth LLC’s holdings in United Parcel Service were worth $400,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. IMG Wealth Management Inc. bought a new position in shares of United Parcel Service in the fourth quarter worth $25,000. Generali Investments Management Co LLC purchased a new stake in United Parcel Service during the 4th quarter worth about $26,000. IFS Advisors LLC lifted 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 worth $27,000 after purchasing an additional 151 shares in the last quarter. True Wealth Design LLC boosted its stake in United Parcel Service by 397.7% in the 3rd quarter. True Wealth Design LLC now owns 214 shares of the transportation company’s stock worth $29,000 after purchasing an additional 171 shares during the period. Finally, Whipplewood Advisors LLC purchased a new position in United Parcel Service during the 4th quarter valued at about $34,000. 60.26% of the stock is currently owned by hedge funds and other institutional investors.

United Parcel Service Trading Down 1.2 %

Shares of UPS stock opened at $117.42 on Thursday. The business has a 50-day moving average of $120.49 and a 200 day moving average of $127.18. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.17 and a quick ratio of 1.14. United Parcel Service, Inc. has a 1-year low of $109.40 and a 1-year high of $158.95. The stock has a market capitalization of $100.30 billion, a PE ratio of 17.37, a P/E/G ratio of 1.55 and a beta of 0.94.

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 last year, the firm earned $2.47 earnings per share. As a group, sell-side analysts anticipate that United Parcel Service, Inc. will post 7.95 earnings per share for the current year.

United Parcel Service Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 6th. Shareholders of record on Tuesday, February 18th were given a $1.64 dividend. This is a boost from United Parcel Service’s previous quarterly dividend of $1.63. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $6.56 dividend on an annualized basis and a dividend yield of 5.59%. United Parcel Service’s payout ratio is presently 97.04%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on UPS. Bank of America lowered their price target on shares of United Parcel Service from $150.00 to $133.00 and set a “buy” rating on the stock in a report on Friday, January 31st. Wells Fargo & Company lowered their target price on shares of United Parcel Service from $150.00 to $128.00 and set an “overweight” rating on the stock in a research note on Friday, January 31st. BMO Capital Markets upgraded shares of United Parcel Service from a “market perform” rating to an “outperform” rating and reduced their price target for the company from $155.00 to $150.00 in a research report on Tuesday, December 10th. The Goldman Sachs Group lowered their price objective on United Parcel Service from $166.00 to $147.00 and set a “buy” rating on the stock in a research report on Friday, January 31st. Finally, JPMorgan Chase & Co. reduced their target price on United Parcel Service from $135.00 to $120.00 and set a “neutral” rating for the company in a research report on Friday, January 31st. Two research analysts have rated the stock with a sell rating, nine have given a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $138.09.

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.