United Parcel Service, Inc. (NYSE:UPS) Shares Sold by IFG Advisors LLC

IFG Advisors LLC reduced its holdings in United Parcel Service, Inc. (NYSE:UPS) by 9.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,809 shares of the transportation company’s stock after selling 290 shares during the period. IFG Advisors LLC’s holdings in United Parcel Service were worth $354,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. True Wealth Design LLC boosted its stake in shares of United Parcel Service by 397.7% in 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 during the last quarter. IFS Advisors LLC boosted its stake 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 worth $27,000 after acquiring an additional 151 shares during the last quarter. Princeton Global Asset Management LLC boosted its stake in shares of United Parcel Service by 720.0% in the third quarter. Princeton Global Asset Management LLC now owns 246 shares of the transportation company’s stock worth $34,000 after acquiring an additional 216 shares during the last quarter. FSA Wealth Management LLC acquired a new stake in shares of United Parcel Service in the third quarter worth approximately $36,000. Finally, Whipplewood Advisors LLC acquired a new stake in shares of United Parcel Service in the fourth quarter worth approximately $34,000. 60.26% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on UPS shares. Argus raised United Parcel Service from a “hold” rating to a “buy” rating in a research note on Tuesday, November 5th. Wolfe Research raised United Parcel Service from a “peer perform” rating to an “outperform” rating and set a $147.00 price target on the stock in a research note on Wednesday, January 8th. Bank of America lowered their price target on United Parcel Service from $150.00 to $133.00 and set a “buy” rating on the stock in a research note on Friday, January 31st. Stifel Nicolaus reduced their price objective on United Parcel Service from $156.00 to $153.00 and set a “buy” rating on the stock in a research report on Thursday, January 23rd. Finally, Robert W. Baird downgraded United Parcel Service from an “outperform” rating to a “neutral” rating and reduced their price objective for the stock from $160.00 to $130.00 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, thirteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $140.73.

United Parcel Service Trading Up 1.1 %

UPS opened at $118.97 on Friday. The business has a fifty day moving average price of $122.41 and a 200 day moving average price of $128.08. The stock has a market capitalization of $101.62 billion, a price-to-earnings ratio of 17.60, a PEG ratio of 1.55 and a beta of 0.98. United Parcel Service, Inc. has a 12 month low of $109.40 and a 12 month high of $158.95. 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 (NYSE:UPS) last released its quarterly earnings data 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 return on equity of 39.13% and a net margin of 6.35%. During the same quarter in the previous year, the company posted $2.47 earnings per share. Sell-side analysts expect that United Parcel Service, Inc. will post 7.95 earnings per share for the current fiscal year.

United Parcel Service Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 6th. Stockholders of record on Tuesday, February 18th will be given a dividend of $1.64 per share. This is a boost from United Parcel Service’s previous quarterly dividend of $1.63. This represents a $6.56 annualized dividend and a dividend yield of 5.51%. The ex-dividend date of this dividend is Tuesday, February 18th. United Parcel Service’s dividend payout ratio is currently 97.04%.

United Parcel Service 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.