Modera Wealth Management LLC Has $17.50 Million Holdings in United Parcel Service, Inc. (NYSE:UPS)

Modera Wealth Management LLC lowered its stake in United Parcel Service, Inc. (NYSE:UPS) by 1.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 138,795 shares of the transportation company’s stock after selling 1,363 shares during the period. Modera Wealth Management LLC’s holdings in United Parcel Service were worth $17,502,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in UPS. True Wealth Design LLC increased 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 valued at $29,000 after purchasing an additional 171 shares during the period. IFS Advisors LLC grew 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 purchasing an additional 151 shares during the last quarter. Princeton Global Asset Management LLC raised its position in shares of United Parcel Service by 720.0% during 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 position in United Parcel Service during the 3rd quarter valued at about $36,000. Finally, Whipplewood Advisors LLC acquired a new stake in United Parcel Service during the 4th quarter worth $34,000. Institutional investors and hedge funds own 60.26% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on UPS shares. BMO Capital Markets raised United Parcel Service from a “market perform” rating to an “outperform” rating and dropped their price objective for the stock from $155.00 to $150.00 in a research note on Tuesday, December 10th. StockNews.com lowered shares of United Parcel Service from a “buy” rating to a “hold” rating in a research report on Tuesday, February 25th. Baird R W cut shares of United Parcel Service from a “strong-buy” rating to a “hold” rating in a report on Friday, January 31st. JPMorgan Chase & Co. reduced their target price on United Parcel Service from $135.00 to $120.00 and set a “neutral” rating on the stock in a report on Friday, January 31st. Finally, 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. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $140.73.

United Parcel Service Stock Up 1.1 %

NYSE:UPS opened at $118.97 on Friday. The stock has a fifty day simple moving average of $122.41 and a 200-day simple moving average of $128.08. The company has a market cap of $101.62 billion, a price-to-earnings ratio of 17.60, a price-to-earnings-growth ratio of 1.55 and a beta of 0.98. United Parcel Service, Inc. has a twelve month low of $109.40 and a twelve month high of $158.95. The company has a current ratio of 1.17, a quick ratio of 1.14 and a debt-to-equity ratio of 1.16.

United Parcel Service (NYSE:UPS) last released its 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 return on equity of 39.13% and a net margin of 6.35%. During the same period in the prior year, the business posted $2.47 EPS. Analysts anticipate that United Parcel Service, Inc. will post 7.95 EPS for the current year.

United Parcel Service Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 6th. Stockholders of record on Tuesday, February 18th will be paid a $1.64 dividend. This is an increase 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 (DPR) 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.