Vertex Planning Partners LLC Sells 129 Shares of United Parcel Service, Inc. (NYSE:UPS)

Vertex Planning Partners LLC reduced its stake in United Parcel Service, Inc. (NYSE:UPS) by 6.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,858 shares of the transportation company’s stock after selling 129 shares during the period. Vertex Planning Partners LLC’s holdings in United Parcel Service were worth $234,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Fisher Asset Management LLC increased its stake in shares of United Parcel Service by 5.0% in the third quarter. Fisher Asset Management LLC now owns 124,070 shares of the transportation company’s stock valued at $16,916,000 after buying an additional 5,956 shares during the period. The Manufacturers Life Insurance Company raised its stake in shares of United Parcel Service by 3.1% during the third quarter. The Manufacturers Life Insurance Company now owns 586,735 shares of the transportation company’s stock valued at $79,995,000 after acquiring an additional 17,378 shares during the last quarter. Townsquare Capital LLC lifted its holdings in shares of United Parcel Service by 7.0% during the third quarter. Townsquare Capital LLC now owns 82,858 shares of the transportation company’s stock worth $11,297,000 after purchasing an additional 5,444 shares during the period. CreativeOne Wealth LLC grew its stake in shares of United Parcel Service by 23.0% in the third quarter. CreativeOne Wealth LLC now owns 14,532 shares of the transportation company’s stock worth $1,981,000 after purchasing an additional 2,720 shares during the last quarter. Finally, Providence Capital Advisors LLC increased its holdings in United Parcel Service by 27.7% in the third quarter. Providence Capital Advisors LLC now owns 25,795 shares of the transportation company’s stock valued at $3,517,000 after purchasing an additional 5,597 shares during the period. 60.26% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on UPS. Wolfe Research raised United Parcel Service from a “peer perform” rating to an “outperform” rating and set a $147.00 price target for the company in a research note on Wednesday, January 8th. BMO Capital Markets upgraded shares of United Parcel Service from a “market perform” rating to an “outperform” rating and lowered their price target for the stock from $155.00 to $150.00 in a report on Tuesday, December 10th. Morgan Stanley reduced their price objective on shares of United Parcel Service from $100.00 to $82.00 and set an “underweight” rating on the stock in a research note on Friday, January 31st. StockNews.com raised shares of United Parcel Service from a “hold” rating to a “buy” rating in a research note on Wednesday, March 5th. Finally, Bank of America cut their price target on shares of United Parcel Service from $133.00 to $129.00 and set a “buy” rating on the stock in a research report on Tuesday. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $137.57.

United Parcel Service Trading Up 0.0 %

NYSE UPS opened at $111.05 on Friday. The company has a current ratio of 1.17, a quick ratio of 1.14 and a debt-to-equity ratio of 1.16. The business has a fifty day simple moving average of $118.92 and a 200 day simple moving average of $126.58. United Parcel Service, Inc. has a 12 month low of $109.40 and a 12 month high of $154.29. The firm has a market capitalization of $94.85 billion, a P/E ratio of 16.43, a PEG ratio of 1.55 and a beta of 0.94.

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

United Parcel Service Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 6th. Investors of record on Tuesday, February 18th were issued a dividend of $1.64 per share. This is a positive change from United Parcel Service’s previous quarterly dividend of $1.63. This represents a $6.56 dividend on an annualized basis and a yield of 5.91%. The ex-dividend date of this dividend was Tuesday, February 18th. United Parcel Service’s dividend payout ratio (DPR) is 97.04%.

United Parcel Service 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.