Marcum Wealth LLC Reduces Holdings in United Parcel Service, Inc. (NYSE:UPS)

Marcum Wealth LLC reduced its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 1.2% during the 4th quarter, Holdings Channel.com reports. The fund owned 107,860 shares of the transportation company’s stock after selling 1,355 shares during the quarter. United Parcel Service comprises about 1.2% of Marcum Wealth LLC’s portfolio, making the stock its 17th biggest position. Marcum Wealth LLC’s holdings in United Parcel Service were worth $13,601,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. True Wealth Design LLC grew its position 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 purchasing an additional 171 shares during the last quarter. PSI Advisors LLC grew its holdings in shares of United Parcel Service by 408.2% during the third quarter. PSI Advisors LLC now owns 249 shares of the transportation company’s stock worth $34,000 after buying an additional 200 shares during the last quarter. Princeton Global Asset Management LLC increased its position in United Parcel Service by 720.0% in the 3rd quarter. Princeton Global Asset Management LLC now owns 246 shares of the transportation company’s stock valued at $34,000 after acquiring an additional 216 shares during the period. FSA Wealth Management LLC purchased a new stake in United Parcel Service during the 3rd quarter valued at approximately $36,000. Finally, Capital Performance Advisors LLP acquired a new stake in United Parcel Service during the 3rd quarter worth approximately $54,000. 60.26% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. StockNews.com raised United Parcel Service from a “hold” rating to a “buy” rating in a report on Wednesday, November 6th. Bank of America boosted their price objective on shares of United Parcel Service from $132.00 to $150.00 and gave the company a “neutral” rating in a research note on Friday, October 25th. JPMorgan Chase & Co. raised their target price on shares of United Parcel Service from $134.00 to $135.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 7th. Citigroup dropped their price target on shares of United Parcel Service from $163.00 to $158.00 and set a “buy” rating on the stock in a research note on Tuesday, November 12th. Finally, Susquehanna raised their price objective on shares of United Parcel Service from $135.00 to $140.00 and gave the company a “neutral” rating in a research report on Friday, October 25th. Two research analysts have rated the stock with a sell rating, six have given a hold rating, fourteen have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $151.10.

United Parcel Service Stock Up 1.5 %

Shares of NYSE UPS opened at $125.14 on Tuesday. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.14 and a quick ratio of 1.14. The firm’s 50-day moving average is $129.38 and its two-hundred day moving average is $131.08. United Parcel Service, Inc. has a 12-month low of $121.56 and a 12-month high of $161.35. The company has a market capitalization of $106.79 billion, a PE ratio of 18.90, a price-to-earnings-growth ratio of 2.11 and a beta of 1.00.

United Parcel Service (NYSE:UPS) last announced its earnings results on Thursday, October 24th. The transportation company reported $1.76 EPS for the quarter, beating analysts’ consensus estimates of $1.63 by $0.13. The firm had revenue of $22.20 billion for the quarter, compared to analysts’ expectations of $22.10 billion. United Parcel Service had a return on equity of 37.38% and a net margin of 6.25%. United Parcel Service’s quarterly revenue was up 5.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.57 EPS. Equities analysts anticipate that United Parcel Service, Inc. will post 7.48 EPS for the current fiscal year.

United Parcel Service Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 5th. Investors of record on Monday, November 18th were given a dividend of $1.63 per share. This represents a $6.52 dividend on an annualized basis and a yield of 5.21%. The ex-dividend date was Monday, November 18th. United Parcel Service’s dividend payout ratio is presently 98.49%.

Insider Activity at United Parcel Service

In other United Parcel Service news, insider Norman M. Brothers, Jr. sold 7,325 shares of the business’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $138.57, for a total value of $1,015,025.25. Following the completion of the transaction, the insider now directly owns 45,098 shares in the company, valued at approximately $6,249,229.86. The trade was a 13.97 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 0.13% of the stock is currently owned by corporate insiders.

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.