Heritage Investors Management Corp Sells 6,126 Shares of United Parcel Service, Inc. $UPS

Heritage Investors Management Corp lowered its holdings in United Parcel Service, Inc. (NYSE:UPS) by 7.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 71,421 shares of the transportation company’s stock after selling 6,126 shares during the period. Heritage Investors Management Corp’s holdings in United Parcel Service were worth $7,084,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the company. Coston McIsaac & Partners grew its position in shares of United Parcel Service by 77.8% in the 4th quarter. Coston McIsaac & Partners now owns 272 shares of the transportation company’s stock valued at $27,000 after acquiring an additional 119 shares during the period. Torren Management LLC acquired a new stake in United Parcel Service in the 4th quarter worth about $29,000. Physician Wealth Advisors Inc. raised its stake in United Parcel Service by 76.5% in the 3rd quarter. Physician Wealth Advisors Inc. now owns 376 shares of the transportation company’s stock worth $31,000 after purchasing an additional 163 shares in the last quarter. Winch Advisory Services LLC raised its position in shares of United Parcel Service by 37.3% in the 3rd quarter. Winch Advisory Services LLC now owns 456 shares of the transportation company’s stock valued at $38,000 after buying an additional 124 shares in the last quarter. Finally, Activest Wealth Management raised its position in shares of United Parcel Service by 144.3% in the 4th quarter. Activest Wealth Management now owns 408 shares of the transportation company’s stock valued at $40,000 after buying an additional 241 shares in the last quarter. Institutional investors and hedge funds own 60.26% of the company’s stock.

Analyst Upgrades and Downgrades

UPS has been the subject of several analyst reports. HSBC upgraded shares of United Parcel Service from a “hold” rating to a “buy” rating in a research report on Wednesday, January 28th. Deutsche Bank Aktiengesellschaft upped their price target on shares of United Parcel Service from $88.00 to $106.00 and gave the company a “hold” rating in a research report on Wednesday, January 28th. Oppenheimer upped their price objective on shares of United Parcel Service from $107.00 to $115.00 and gave the company an “outperform” rating in a research note on Wednesday, January 28th. TD Cowen raised their price target on shares of United Parcel Service from $101.00 to $115.00 and gave the stock a “hold” rating in a report on Wednesday, January 28th. Finally, Stifel Nicolaus raised their price objective on shares of United Parcel Service from $112.00 to $116.00 and gave the company a “buy” rating in a research note on Wednesday, January 28th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, eleven have issued a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat.com, United Parcel Service presently has an average rating of “Hold” and an average target price of $111.87.

United Parcel Service Price Performance

UPS stock opened at $98.27 on Friday. The firm has a 50 day moving average of $100.33 and a 200-day moving average of $102.73. The firm has a market capitalization of $83.53 billion, a P/E ratio of 15.90, a price-to-earnings-growth ratio of 1.57 and a beta of 1.06. United Parcel Service, Inc. has a 12 month low of $82.00 and a 12 month high of $122.41. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 1.50.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings results on Tuesday, April 28th. The transportation company reported $1.07 EPS for the quarter, topping analysts’ consensus estimates of $1.02 by $0.05. The firm had revenue of $21.20 billion for the quarter, compared to analyst estimates of $20.99 billion. United Parcel Service had a net margin of 5.94% and a return on equity of 35.95%. The business’s revenue for the quarter was down 1.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.49 EPS. As a group, sell-side analysts predict that United Parcel Service, Inc. will post 7.1 earnings per share for the current fiscal year.

United Parcel Service Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 4th. Shareholders of record on Monday, May 18th will be given a dividend of $1.64 per share. This represents a $6.56 dividend on an annualized basis and a yield of 6.7%. The ex-dividend date of this dividend is Monday, May 18th. United Parcel Service’s payout ratio is presently 106.15%.

United Parcel Service Company Profile

United Parcel Service (NYSE: UPS) is a global package delivery and supply chain management company that provides a broad range of transportation, logistics and e-commerce services. Its core business centers on small-package delivery and last-mile distribution for business and individual customers, supported by a network of ground transportation, air cargo operations (UPS Airlines) and sorting facilities. In addition to parcel delivery, UPS offers freight transportation, contract logistics, warehousing, customs brokerage and reverse-logistics solutions designed to support domestic and international commerce.

The company traces its roots to 1907 when it began as a small messenger service in the United States and later evolved into the United Parcel Service.