GLOBALT Investments LLC GA Sells 1,289 Shares of United Parcel Service, Inc. (NYSE:UPS)

GLOBALT Investments LLC GA lowered its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 4.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 29,735 shares of the transportation company’s stock after selling 1,289 shares during the quarter. GLOBALT Investments LLC GA’s holdings in United Parcel Service were worth $3,750,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of UPS. IFS Advisors LLC increased its holdings 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 acquiring an additional 151 shares in the last quarter. True Wealth Design LLC boosted 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 buying an additional 171 shares during the last quarter. Whipplewood Advisors LLC purchased a new stake in United Parcel Service in the fourth quarter valued at approximately $34,000. Hopwood Financial Services Inc. purchased a new stake in United Parcel Service in the fourth quarter valued at approximately $35,000. Finally, FSA Wealth Management LLC purchased a new stake in United Parcel Service in the third quarter valued at approximately $36,000. Institutional investors and hedge funds own 60.26% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on UPS shares. Morgan Stanley dropped their target price on United Parcel Service from $100.00 to $82.00 and set an “underweight” rating on the stock in a research report on Friday, January 31st. Baird R W lowered United Parcel Service from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 31st. Deutsche Bank Aktiengesellschaft began coverage on United Parcel Service in a research report on Friday, March 7th. They issued a “hold” rating and a $119.00 price objective on the stock. Wolfe Research upgraded United Parcel Service from a “peer perform” rating to an “outperform” rating and set a $147.00 price objective on the stock in a research report on Wednesday, January 8th. Finally, The Goldman Sachs Group lowered their price objective on United Parcel Service from $166.00 to $147.00 and set a “buy” rating on the stock 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 assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, United Parcel Service presently has a consensus rating of “Moderate Buy” and an average price target of $138.09.

United Parcel Service Stock Up 1.4 %

NYSE UPS opened at $116.90 on Monday. The business has a fifty day moving average price of $120.91 and a 200 day moving average price of $127.38. United Parcel Service, Inc. has a one year low of $109.40 and a one year high of $158.95. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.14 and a current ratio of 1.17. The company has a market cap of $99.85 billion, a P/E ratio of 17.29, a P/E/G ratio of 1.55 and a beta of 0.94.

United Parcel Service (NYSE:UPS) last posted 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 period in the prior year, the company posted $2.47 earnings per share. Research analysts anticipate 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. Shareholders of record on Tuesday, February 18th were paid a $1.64 dividend. The ex-dividend date was Tuesday, February 18th. This is an increase from United Parcel Service’s previous quarterly dividend of $1.63. This represents a $6.56 dividend on an annualized basis and a dividend yield of 5.61%. United Parcel Service’s dividend payout ratio (DPR) is 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.