United Parcel Service, Inc. (NYSE:UPS) Shares Sold by Cape Investment Advisory Inc.

Cape Investment Advisory Inc. decreased its position in United Parcel Service, Inc. (NYSE:UPS) by 5.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,885 shares of the transportation company’s stock after selling 162 shares during the quarter. Cape Investment Advisory Inc.’s holdings in United Parcel Service were worth $364,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. IFS Advisors LLC lifted its position in shares of United Parcel Service by 232.3% during the 4th quarter. IFS Advisors LLC now owns 216 shares of the transportation company’s stock worth $27,000 after purchasing an additional 151 shares during the last quarter. True Wealth Design LLC lifted its holdings in United Parcel Service by 397.7% during the 3rd quarter. True Wealth Design LLC now owns 214 shares of the transportation company’s stock worth $29,000 after buying an additional 171 shares during the last quarter. Princeton Global Asset Management LLC boosted its position in shares of United Parcel Service by 720.0% during the 3rd quarter. Princeton Global Asset Management LLC now owns 246 shares of the transportation company’s stock worth $34,000 after acquiring an additional 216 shares in the last quarter. Whipplewood Advisors LLC purchased a new position in shares of United Parcel Service in the 4th quarter valued at about $34,000. Finally, FSA Wealth Management LLC purchased a new position in shares of United Parcel Service in the 3rd quarter valued at about $36,000. Hedge funds and other institutional investors own 60.26% of the company’s stock.

Analyst Ratings Changes

UPS has been the subject of several recent analyst reports. Wolfe Research upgraded United Parcel Service from a “peer perform” rating to an “outperform” rating and set a $147.00 target price for the company in a research note on Wednesday, January 8th. Morgan Stanley reduced their price objective on shares of United Parcel Service from $100.00 to $82.00 and set an “underweight” rating for the company in a research report on Friday, January 31st. Bank of America dropped their target price on shares of United Parcel Service from $150.00 to $133.00 and set a “buy” rating on the stock in a research report on Friday, January 31st. UBS Group reduced their price target on shares of United Parcel Service from $170.00 to $141.00 and set a “buy” rating for the company in a research report on Friday, January 31st. Finally, Wells Fargo & Company dropped their price objective on United Parcel Service from $150.00 to $128.00 and set an “overweight” rating on the stock in a report on Friday, January 31st. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, United Parcel Service currently has an average rating of “Moderate Buy” and a consensus price target of $140.73.

United Parcel Service Stock Performance

Shares of UPS opened at $118.97 on Friday. The stock has a market capitalization of $101.62 billion, a P/E ratio of 17.60, a P/E/G ratio of 1.55 and a beta of 0.98. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.14 and a current ratio of 1.17. United Parcel Service, Inc. has a 1 year low of $109.40 and a 1 year high of $158.95. The company’s fifty day moving average is $122.41 and its two-hundred day moving average is $128.08.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings results on Thursday, January 30th. The transportation company reported $2.75 earnings per share (EPS) for the quarter, topping 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 quarter last year, the business earned $2.47 EPS. On average, sell-side analysts predict that United Parcel Service, Inc. will post 7.95 earnings per share for the current year.

United Parcel Service Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 6th. Stockholders of record on Tuesday, February 18th will be issued a $1.64 dividend. This is a boost from United Parcel Service’s previous quarterly dividend of $1.63. This represents a $6.56 annualized dividend and a dividend yield of 5.51%. The ex-dividend date of this dividend is Tuesday, February 18th. United Parcel Service’s dividend payout ratio (DPR) is currently 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.