United Parcel Service, Inc. (NYSE:UPS) Holdings Decreased by Oak Harbor Wealth Partners LLC

Oak Harbor Wealth Partners LLC decreased its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 0.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,573 shares of the transportation company’s stock after selling 96 shares during the quarter. Oak Harbor Wealth Partners LLC’s holdings in United Parcel Service were worth $2,342,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Pacific Sage Partners LLC grew its holdings in shares of United Parcel Service by 4.8% during the fourth quarter. Pacific Sage Partners LLC now owns 1,677 shares of the transportation company’s stock valued at $212,000 after buying an additional 77 shares in the last quarter. Banco Santander S.A. grew its stake in United Parcel Service by 0.6% in the third quarter. Banco Santander S.A. now owns 12,596 shares of the transportation company’s stock valued at $1,717,000 after purchasing an additional 79 shares in the last quarter. Quent Capital LLC grew its stake in United Parcel Service by 16.7% in the fourth quarter. Quent Capital LLC now owns 558 shares of the transportation company’s stock valued at $70,000 after purchasing an additional 80 shares in the last quarter. Tradewinds LLC. grew its stake in United Parcel Service by 1.8% in the third quarter. Tradewinds LLC. now owns 4,487 shares of the transportation company’s stock valued at $612,000 after purchasing an additional 81 shares in the last quarter. Finally, OLD Second National Bank of Aurora grew its stake in United Parcel Service by 1.2% in the third quarter. OLD Second National Bank of Aurora now owns 7,177 shares of the transportation company’s stock valued at $979,000 after purchasing an additional 83 shares in the last quarter. Hedge funds and other institutional investors own 60.26% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. The Goldman Sachs Group lowered their target price on United Parcel Service from $166.00 to $147.00 and set a “buy” rating on the stock in a research note on Friday, January 31st. Citigroup lowered their target price on United Parcel Service from $158.00 to $149.00 and set a “buy” rating on the stock in a research note on Friday, January 31st. Bank of America lowered their target price on United Parcel Service from $150.00 to $133.00 and set a “buy” rating on the stock in a research note on Friday, January 31st. Loop Capital decreased their price target on United Parcel Service from $120.00 to $115.00 and set a “hold” rating for the company in a research note on Monday, February 3rd. Finally, Susquehanna decreased their price target on United Parcel Service from $140.00 to $130.00 and set a “neutral” rating for the company in a research note on Friday, January 31st. Two analysts have rated the stock with a sell rating, nine have issued a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, United Parcel Service presently has a consensus rating of “Moderate Buy” and a consensus target price of $138.00.

United Parcel Service Trading Up 0.9 %

United Parcel Service stock opened at $121.59 on Friday. The business has a 50 day moving average price of $121.73 and a two-hundred day moving average price of $127.78. The company has a quick ratio of 1.14, a current ratio of 1.17 and a debt-to-equity ratio of 1.16. The stock has a market cap of $103.85 billion, a price-to-earnings ratio of 17.99, a price-to-earnings-growth ratio of 1.55 and a beta of 0.98. United Parcel Service, Inc. has a 12 month low of $109.40 and a 12 month high of $158.95.

United Parcel Service (NYSE:UPS) last released its quarterly earnings data on Thursday, January 30th. The transportation company reported $2.75 earnings per share 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 last year, the company posted $2.47 EPS. As a group, equities analysts forecast that United Parcel Service, Inc. will post 7.95 EPS for the current year.

United Parcel Service Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 6th. Stockholders of record on Tuesday, February 18th were paid a $1.64 dividend. This is a positive change from United Parcel Service’s previous quarterly dividend of $1.63. This represents a $6.56 annualized dividend and a dividend yield of 5.40%. The ex-dividend date was Tuesday, February 18th. United Parcel Service’s dividend payout ratio 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.