Delta Asset Management LLC TN Sells 1,665 Shares of United Parcel Service, Inc. (NYSE:UPS)

Delta Asset Management LLC TN decreased its position in United Parcel Service, Inc. (NYSE:UPS) by 0.9% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 178,681 shares of the transportation company’s stock after selling 1,665 shares during the period. United Parcel Service comprises approximately 2.0% of Delta Asset Management LLC TN’s portfolio, making the stock its 14th biggest holding. Delta Asset Management LLC TN’s holdings in United Parcel Service were worth $22,532,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. IMG Wealth Management Inc. bought a new stake in shares of 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 4th quarter worth approximately $26,000. IFS Advisors LLC increased its stake in shares of United Parcel Service by 232.3% during the fourth quarter. IFS Advisors LLC now owns 216 shares of the transportation company’s stock valued at $27,000 after buying an additional 151 shares during the period. True Wealth Design LLC raised its holdings 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 valued at $29,000 after acquiring an additional 171 shares in the last quarter. Finally, Runnymede Capital Advisors Inc. purchased a new stake in United Parcel Service in the fourth quarter worth $30,000. Institutional investors own 60.26% of the company’s stock.

Analysts Set New Price Targets

UPS has been the subject of several research reports. The Goldman Sachs Group decreased their price objective on shares of United Parcel Service from $166.00 to $147.00 and set a “buy” rating for the company in a report on Friday, January 31st. Morgan Stanley lowered 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 report on Friday, January 31st. Baird R W downgraded United Parcel Service from a “strong-buy” rating to a “hold” rating in a report on Friday, January 31st. UBS Group dropped their price target 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. Finally, Evercore ISI increased their price objective on United Parcel Service from $141.00 to $147.00 and gave the stock an “in-line” rating in a report on Wednesday, January 22nd. Two analysts have rated the stock with a sell rating, nine have given a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, United Parcel Service currently has an average rating of “Moderate Buy” and a consensus target price of $137.91.

United Parcel Service Stock Performance

Shares of NYSE UPS opened at $110.94 on Thursday. The firm’s 50-day moving average price is $119.30 and its 200-day moving average price is $126.68. United Parcel Service, Inc. has a 52-week low of $109.40 and a 52-week high of $154.29. The company has a market cap of $94.76 billion, a PE ratio of 16.41, a PEG ratio of 1.55 and a beta of 0.94. 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 issued its earnings results on Thursday, January 30th. The transportation company reported $2.75 earnings per share (EPS) for the quarter, topping the consensus estimate 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 previous year, the company earned $2.47 EPS. As a group, analysts anticipate that United Parcel Service, Inc. will post 7.95 EPS for the current year.

United Parcel Service Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 6th. Investors of record on Tuesday, February 18th were given a dividend of $1.64 per share. This represents a $6.56 dividend on an annualized basis and a yield of 5.91%. The ex-dividend date was Tuesday, February 18th. This is a boost from United Parcel Service’s previous quarterly dividend of $1.63. United Parcel Service’s dividend payout ratio is 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.