Midland Wealth Advisors LLC Trims Stake in United Parcel Service, Inc. (NYSE:UPS)

Midland Wealth Advisors LLC cut its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 6.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 7,669 shares of the transportation company’s stock after selling 528 shares during the quarter. Midland Wealth Advisors LLC’s holdings in United Parcel Service were worth $967,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Impax Asset Management Group plc lifted its holdings in shares of United Parcel Service by 22.4% in the 3rd quarter. Impax Asset Management Group plc now owns 335,306 shares of the transportation company’s stock worth $45,716,000 after acquiring an additional 61,360 shares during the last quarter. Capital Performance Advisors LLP purchased a new stake in United Parcel Service in the third quarter valued at approximately $54,000. Leavell Investment Management Inc. lifted its stake in United Parcel Service by 176.9% during the third quarter. Leavell Investment Management Inc. now owns 5,948 shares of the transportation company’s stock worth $811,000 after purchasing an additional 3,800 shares in the last quarter. Equitable Trust Co. boosted its position in shares of United Parcel Service by 5.9% during the third quarter. Equitable Trust Co. now owns 4,932 shares of the transportation company’s stock worth $672,000 after buying an additional 276 shares during the period. Finally, Assetmark Inc. grew its stake in shares of United Parcel Service by 6.7% in the third quarter. Assetmark Inc. now owns 80,886 shares of the transportation company’s stock valued at $11,028,000 after buying an additional 5,068 shares in the last quarter. 60.26% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. UBS Group lowered their target price on United Parcel Service from $170.00 to $141.00 and set a “buy” rating for the company in a report on Friday, January 31st. JPMorgan Chase & Co. lowered their price objective on shares of United Parcel Service from $135.00 to $120.00 and set a “neutral” rating for the company in a research note on Friday, January 31st. Robert W. Baird cut shares of United Parcel Service from an “outperform” rating to a “neutral” rating and dropped their price objective for the company from $160.00 to $130.00 in a report on Friday, January 31st. The Goldman Sachs Group reduced their target price on shares of United Parcel Service from $166.00 to $147.00 and set a “buy” rating on the stock in a report on Friday, January 31st. Finally, Citigroup dropped their price target on shares of United Parcel Service from $158.00 to $149.00 and set a “buy” rating for the company in a research note on Friday, January 31st. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $138.00.

United Parcel Service Stock Up 0.9 %

Shares of NYSE:UPS opened at $121.59 on Monday. The firm has a 50 day simple moving average of $121.73 and a 200-day simple moving average of $127.77. 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. The company has a market capitalization of $103.85 billion, a PE ratio of 17.99, a P/E/G ratio of 1.55 and a beta of 0.94.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings results on Thursday, January 30th. The transportation company reported $2.75 earnings per share for the quarter, beating analysts’ consensus estimates 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 period in the previous year, the firm earned $2.47 earnings per share. On average, equities analysts predict that United Parcel Service, Inc. will post 7.95 EPS for the current fiscal year.

United Parcel Service Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 6th. Investors of record on Tuesday, February 18th were given a $1.64 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This is a boost 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 5.40%. United Parcel Service’s dividend payout ratio is 97.04%.

United Parcel Service Company 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.