Elo Mutual Pension Insurance Co Sells 2,474 Shares of United Parcel Service, Inc. (NYSE:UPS)

Elo Mutual Pension Insurance Co decreased its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 3.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 66,847 shares of the transportation company’s stock after selling 2,474 shares during the quarter. Elo Mutual Pension Insurance Co’s holdings in United Parcel Service were worth $8,429,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in the stock. IMG Wealth Management Inc. acquired a new position in shares of United Parcel Service in the 4th quarter valued at $25,000. Generali Investments Management Co LLC bought a new position in United Parcel Service during the fourth quarter worth about $26,000. IFS Advisors LLC boosted its holdings in 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 purchasing an additional 151 shares in the last quarter. True Wealth Design LLC grew its stake in shares of United Parcel Service by 397.7% in the 3rd quarter. True Wealth Design LLC now owns 214 shares of the transportation company’s stock valued at $29,000 after purchasing an additional 171 shares during the period. Finally, Runnymede Capital Advisors Inc. acquired a new position in shares of United Parcel Service in the 4th quarter worth approximately $30,000. Institutional investors and hedge funds own 60.26% of the company’s stock.

Analysts Set New Price Targets

UPS has been the subject of several analyst reports. Raymond James cut their price target on shares of United Parcel Service from $155.00 to $145.00 and set a “strong-buy” rating for the company in a report on Friday, January 31st. Citigroup reduced their target price on United Parcel Service from $158.00 to $149.00 and set a “buy” rating on the stock 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 for the company in a 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 for the company in a research report on Friday, January 31st. Finally, Loop Capital decreased their target price 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. Two research analysts have rated the stock with a sell rating, nine have given a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, United Parcel Service presently has a consensus rating of “Moderate Buy” and a consensus price target of $137.91.

United Parcel Service Trading Up 0.9 %

NYSE:UPS opened at $110.94 on Thursday. The business has a 50 day moving average price of $119.30 and a two-hundred day moving average price of $126.68. 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 company has a market cap of $94.76 billion, a P/E ratio of 16.41, 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 $154.29.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings results on Thursday, January 30th. The transportation company reported $2.75 earnings per share (EPS) for the quarter, beating 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 last year, the company posted $2.47 EPS. As a group, 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 was paid on Thursday, March 6th. Investors of record on Tuesday, February 18th were issued a dividend of $1.64 per share. This represents a $6.56 annualized dividend and a yield of 5.91%. The ex-dividend date of this dividend was Tuesday, February 18th. This is a positive change from United Parcel Service’s previous quarterly dividend of $1.63. United Parcel Service’s dividend payout ratio is presently 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.