Atlanta Consulting Group Advisors LLC Sells 3,647 Shares of United Parcel Service, Inc. (NYSE:UPS)

Atlanta Consulting Group Advisors LLC reduced its holdings in United Parcel Service, Inc. (NYSE:UPS) by 22.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 12,837 shares of the transportation company’s stock after selling 3,647 shares during the quarter. United Parcel Service comprises 0.6% of Atlanta Consulting Group Advisors LLC’s portfolio, making the stock its 29th biggest holding. Atlanta Consulting Group Advisors LLC’s holdings in United Parcel Service were worth $1,619,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Principal Financial Group Inc. grew its position in United Parcel Service by 4.3% during the third quarter. Principal Financial Group Inc. now owns 829,280 shares of the transportation company’s stock worth $113,064,000 after buying an additional 33,989 shares in the last quarter. Onyx Bridge Wealth Group LLC bought a new position in United Parcel Service in the 4th quarter worth approximately $461,000. Synovus Financial Corp raised its position in United Parcel Service by 8.6% in the 3rd quarter. Synovus Financial Corp now owns 87,531 shares of the transportation company’s stock worth $11,934,000 after purchasing an additional 6,941 shares during the last quarter. HF Advisory Group LLC bought a new position in United Parcel Service in the 4th quarter worth approximately $1,305,000. Finally, Allspring Global Investments Holdings LLC grew its holdings in United Parcel Service by 27.2% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 131,623 shares of the transportation company’s stock worth $16,304,000 after acquiring an additional 28,108 shares during the period. 60.26% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have commented on UPS shares. Morgan Stanley lowered their target price 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. JPMorgan Chase & Co. cut their price objective on shares of United Parcel Service from $135.00 to $120.00 and set a “neutral” rating on the stock in a research report on Friday, January 31st. Evercore ISI boosted their price objective on shares of United Parcel Service from $141.00 to $147.00 and gave the company an “in-line” rating in a research report on Wednesday, January 22nd. Raymond James cut their price target on shares of United Parcel Service from $155.00 to $145.00 and set a “strong-buy” rating on the stock in a research report on Friday, January 31st. Finally, Baird R W cut shares of United Parcel Service from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 31st. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, United Parcel Service currently has a consensus rating of “Moderate Buy” and a consensus price target of $138.09.

United Parcel Service Stock Performance

Shares of NYSE:UPS opened at $116.90 on Monday. The company’s 50 day moving average price is $120.91 and its two-hundred day moving average price is $127.38. United Parcel Service, Inc. has a 12-month low of $109.40 and a 12-month high of $158.95. The firm has a market cap of $99.85 billion, a PE ratio of 17.29, 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 posted its quarterly 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 quarter last year, the business posted $2.47 EPS. Equities research analysts predict that United Parcel Service, Inc. will post 7.95 earnings per share for the current year.

United Parcel Service Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 6th. Investors of record on Tuesday, February 18th were paid a $1.64 dividend. This is an increase from United Parcel Service’s previous quarterly dividend of $1.63. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $6.56 annualized dividend and a yield of 5.61%. United Parcel Service’s dividend payout ratio is presently 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.