Borer Denton & Associates Inc. Sells 1,529 Shares of United Parcel Service, Inc. (NYSE:UPS)

Borer Denton & Associates Inc. reduced its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 4.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 35,636 shares of the transportation company’s stock after selling 1,529 shares during the quarter. United Parcel Service makes up about 1.6% of Borer Denton & Associates Inc.’s holdings, making the stock its 21st largest position. Borer Denton & Associates Inc.’s holdings in United Parcel Service were worth $4,494,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in UPS. IMG Wealth Management Inc. bought a new stake in United Parcel Service in the fourth quarter worth about $25,000. Generali Investments Management Co LLC bought a new stake in shares of United Parcel Service in the fourth quarter valued at $26,000. IFS Advisors LLC raised its position in shares of United Parcel Service by 232.3% in the fourth 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 lifted its position in shares of United Parcel Service by 397.7% during the third quarter. True Wealth Design LLC now owns 214 shares of the transportation company’s stock worth $29,000 after acquiring an additional 171 shares in the last quarter. Finally, Runnymede Capital Advisors Inc. bought a new position in shares of United Parcel Service in the fourth quarter worth $30,000. 60.26% of the stock is currently owned by institutional investors.

United Parcel Service Price Performance

Shares of UPS opened at $110.01 on Wednesday. The company has a market capitalization of $93.97 billion, a P/E ratio of 16.27, a price-to-earnings-growth ratio of 1.55 and a beta of 0.94. United Parcel Service, Inc. has a twelve month low of $109.40 and a twelve month high of $157.99. The company has a quick ratio of 1.14, a current ratio of 1.17 and a debt-to-equity ratio of 1.16. The firm has a 50 day moving average of $119.63 and a 200 day moving average of $126.79.

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

United Parcel Service Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 6th. Shareholders of record on Tuesday, February 18th were given a $1.64 dividend. This represents a $6.56 annualized dividend and a yield of 5.96%. 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. United Parcel Service’s dividend payout ratio (DPR) is presently 97.04%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Loop Capital dropped their price objective on United Parcel Service from $120.00 to $115.00 and set a “hold” rating on the stock in a report on Monday, February 3rd. Wolfe Research upgraded 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 research report on Wednesday, January 8th. UBS Group decreased their target price on shares of United Parcel Service from $170.00 to $141.00 and set a “buy” rating on the stock in a report on Friday, January 31st. Robert W. Baird downgraded shares of United Parcel Service from an “outperform” rating to a “neutral” rating and cut their price target for the company from $160.00 to $130.00 in a report on Friday, January 31st. Finally, Susquehanna lowered their price objective on United Parcel Service from $140.00 to $130.00 and set a “neutral” rating on the stock in a research report on Friday, January 31st. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, United Parcel Service has an average rating of “Moderate Buy” and an average target price of $137.91.

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.