United Parcel Service, Inc. (NYSE:UPS) Stock Position Cut by Capital Wealth Planning LLC

Capital Wealth Planning LLC reduced its stake in United Parcel Service, Inc. (NYSE:UPS) by 99.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,292 shares of the transportation company’s stock after selling 2,194,526 shares during the period. Capital Wealth Planning LLC’s holdings in United Parcel Service were worth $832,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Chesapeake Wealth Management raised its holdings in shares of United Parcel Service by 1.3% during the third quarter. Chesapeake Wealth Management now owns 7,886 shares of the transportation company’s stock valued at $1,229,000 after acquiring an additional 103 shares during the period. Cerity Partners LLC grew its holdings in shares of United Parcel Service by 13.1% during the fourth quarter. Cerity Partners LLC now owns 387,381 shares of the transportation company’s stock valued at $60,908,000 after buying an additional 44,721 shares in the last quarter. CapWealth Advisors LLC boosted its position in United Parcel Service by 1.2% during the 4th quarter. CapWealth Advisors LLC now owns 58,184 shares of the transportation company’s stock worth $9,148,000 after acquiring an additional 686 shares during the period. Telos Capital Management Inc. grew its stake in United Parcel Service by 1.0% during the 3rd quarter. Telos Capital Management Inc. now owns 74,337 shares of the transportation company’s stock valued at $11,587,000 after acquiring an additional 740 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in shares of United Parcel Service by 5.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,676,441 shares of the transportation company’s stock valued at $578,053,000 after purchasing an additional 200,297 shares during the period. 60.26% of the stock is owned by institutional investors and hedge funds.

United Parcel Service Price Performance

Shares of NYSE UPS traded down $1.11 during midday trading on Friday, reaching $148.55. 622,952 shares of the company traded hands, compared to its average volume of 4,055,819. The firm has a market cap of $127.09 billion, a PE ratio of 21.49, a PEG ratio of 1.70 and a beta of 1.05. The stock’s 50-day simple moving average is $149.14 and its 200-day simple moving average is $150.67. United Parcel Service, Inc. has a 12 month low of $133.68 and a 12 month high of $192.98. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.04 and a current ratio of 1.10.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings data on Tuesday, April 23rd. The transportation company reported $1.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.33 by $0.10. United Parcel Service had a return on equity of 37.42% and a net margin of 6.60%. The company had revenue of $21.70 billion during the quarter, compared to analysts’ expectations of $21.84 billion. During the same period last year, the business earned $2.20 earnings per share. The business’s revenue was down 5.3% on a year-over-year basis. As a group, equities analysts anticipate that United Parcel Service, Inc. will post 8.22 earnings per share for the current fiscal year.

United Parcel Service Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 30th. Investors of record on Monday, May 13th will be issued a $1.63 dividend. The ex-dividend date of this dividend is Friday, May 10th. This represents a $6.52 dividend on an annualized basis and a dividend yield of 4.39%. United Parcel Service’s dividend payout ratio is 94.49%.

Analysts Set New Price Targets

UPS has been the subject of a number of research analyst reports. Bank of America increased their price target on shares of United Parcel Service from $157.00 to $160.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 24th. Evercore ISI reissued an “in-line” rating and issued a $154.00 price target on shares of United Parcel Service in a research report on Wednesday, March 27th. Argus lowered shares of United Parcel Service from a “buy” rating to a “hold” rating in a research report on Wednesday, January 31st. BMO Capital Markets raised their price objective on shares of United Parcel Service from $165.00 to $169.00 and gave the company a “market perform” rating in a research report on Wednesday, April 24th. Finally, TD Cowen cut their price objective on shares of United Parcel Service from $147.00 to $140.00 and set a “hold” rating on the stock in a research report on Thursday, March 28th. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $165.23.

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.