Baxter Bros Inc. Has $2.08 Million Stock Position in United Parcel Service, Inc. (NYSE:UPS)

Baxter Bros Inc. decreased its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 8.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 16,520 shares of the transportation company’s stock after selling 1,483 shares during the quarter. Baxter Bros Inc.’s holdings in United Parcel Service were worth $2,083,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. IMG Wealth Management Inc. acquired a new position in shares of United Parcel Service in the 4th quarter valued at approximately $25,000. Generali Investments Management Co LLC bought a new stake in shares of United Parcel Service in the fourth quarter worth $26,000. True Wealth Design LLC grew its position in United Parcel Service by 397.7% in 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 in the last quarter. IFS Advisors LLC increased its position 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 valued at $27,000 after acquiring an additional 151 shares during the last quarter. Finally, Runnymede Capital Advisors Inc. acquired a new position in shares of United Parcel Service during the 4th quarter worth approximately $30,000. 60.26% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts have issued reports on UPS shares. Stifel Nicolaus dropped their price objective on United Parcel Service from $156.00 to $153.00 and set a “buy” rating on the stock in a research note on Thursday, January 23rd. Evercore ISI lifted their price objective on shares of United Parcel Service from $141.00 to $147.00 and gave the stock an “in-line” rating in a research note on Wednesday, January 22nd. Bank of America cut their target price on United Parcel Service from $150.00 to $133.00 and set a “buy” rating for the company in a research report on Friday, January 31st. Robert W. Baird lowered shares of United Parcel Service from an “outperform” rating to a “neutral” rating and reduced their price target for the stock from $160.00 to $130.00 in a research report on Friday, January 31st. Finally, JPMorgan Chase & Co. decreased their target price on 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. Two analysts have rated the stock with a sell rating, nine have assigned 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, the company currently has a consensus rating of “Moderate Buy” and an average target price of $138.09.

United Parcel Service Price Performance

UPS stock opened at $115.88 on Tuesday. The company’s 50-day moving average is $119.95 and its 200-day moving average is $126.92. United Parcel Service, Inc. has a 1 year low of $109.40 and a 1 year high of $157.99. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.17 and a quick ratio of 1.14. The stock has a market capitalization of $98.98 billion, a PE ratio of 17.14, a price-to-earnings-growth ratio of 1.55 and a beta of 0.94.

United Parcel Service (NYSE:UPS) last released its quarterly earnings data on Thursday, January 30th. The transportation company reported $2.75 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 quarter in the prior year, the business earned $2.47 earnings per share. Equities research analysts expect that United Parcel Service, Inc. will post 7.95 EPS for the current fiscal year.

United Parcel Service Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 6th. Shareholders of record on Tuesday, February 18th were issued a dividend of $1.64 per share. This is an increase from United Parcel Service’s previous quarterly dividend of $1.63. The ex-dividend date was Tuesday, February 18th. This represents a $6.56 annualized dividend and a yield of 5.66%. 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.