Atlanta Consulting Group Advisors LLC Sells 3,647 Shares of United Parcel Service, Inc. (NYSE:UPS)

Atlanta Consulting Group Advisors LLC lowered its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 22.1% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 12,837 shares of the transportation company’s stock after selling 3,647 shares during the period. United Parcel Service comprises 0.6% of Atlanta Consulting Group Advisors LLC’s holdings, making the stock its 29th largest holding. Atlanta Consulting Group Advisors LLC’s holdings in United Parcel Service were worth $1,619,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Principal Financial Group Inc. raised its stake in shares of United Parcel Service by 4.3% during the third quarter. Principal Financial Group Inc. now owns 829,280 shares of the transportation company’s stock valued at $113,064,000 after acquiring an additional 33,989 shares during the last quarter. Onyx Bridge Wealth Group LLC bought a new position in United Parcel Service during the fourth quarter worth $461,000. Synovus Financial Corp raised its stake in United Parcel Service by 8.6% during the third quarter. Synovus Financial Corp now owns 87,531 shares of the transportation company’s stock worth $11,934,000 after buying an additional 6,941 shares during the last quarter. HF Advisory Group LLC bought a new position in United Parcel Service during the fourth quarter worth $1,305,000. Finally, Allspring Global Investments Holdings LLC raised its stake in United Parcel Service by 27.2% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 131,623 shares of the transportation company’s stock worth $16,304,000 after buying an additional 28,108 shares during the last quarter. Institutional investors own 60.26% of the company’s stock.

Wall Street Analysts Forecast Growth

UPS has been the subject of a number of research reports. The Goldman Sachs Group reduced their price target on shares of United Parcel Service from $166.00 to $147.00 and set a “buy” rating for the company in a report on Friday, January 31st. JPMorgan Chase & Co. reduced their price target on shares of United Parcel Service from $135.00 to $120.00 and set a “neutral” rating for the company in a report on Friday, January 31st. Bank of America reduced their price target on shares of United Parcel Service from $150.00 to $133.00 and set a “buy” rating for the company in a report on Friday, January 31st. Baird R W cut shares of United Parcel Service from a “strong-buy” rating to a “hold” rating in a report on Friday, January 31st. Finally, Wolfe Research upgraded shares of United Parcel Service from a “peer perform” rating to an “outperform” rating and set a $147.00 price target for the company in a report on Wednesday, January 8th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $138.09.

United Parcel Service Stock Up 1.4 %

UPS opened at $116.90 on Monday. The firm has a market capitalization of $99.85 billion, a P/E ratio of 17.29, a PEG ratio of 1.55 and a beta of 0.94. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.17 and a quick ratio of 1.14. United Parcel Service, Inc. has a fifty-two week low of $109.40 and a fifty-two week high of $158.95. The company’s 50-day moving average is $120.91 and its 200 day moving average is $127.38.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings data on Thursday, January 30th. The transportation company reported $2.75 EPS for the quarter, topping the consensus estimate 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 period last year, the business earned $2.47 EPS. Research analysts expect that United Parcel Service, Inc. will post 7.95 earnings per share for the current fiscal year.

United Parcel Service Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 6th. Shareholders of record on Tuesday, February 18th were given a $1.64 dividend. This is a positive change from United Parcel Service’s previous quarterly dividend of $1.63. The ex-dividend date was Tuesday, February 18th. This represents a $6.56 annualized dividend and a yield of 5.61%. United Parcel Service’s payout ratio is currently 97.04%.

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.