Centric Wealth Management Has $44.03 Million Stock Position in United Parcel Service, Inc. (NYSE:UPS)

Centric Wealth Management decreased its position in United Parcel Service, Inc. (NYSE:UPS) by 0.1% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 349,140 shares of the transportation company’s stock after selling 276 shares during the period. United Parcel Service makes up approximately 11.9% of Centric Wealth Management’s holdings, making the stock its biggest position. Centric Wealth Management’s holdings in United Parcel Service were worth $44,027,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of the company. Norges Bank bought a new position in United Parcel Service during the fourth quarter worth $1,075,393,000. Raymond James Financial Inc. bought a new position in shares of United Parcel Service during the 4th quarter worth about $393,680,000. Two Sigma Advisers LP grew its stake in shares of United Parcel Service by 833.4% in the 3rd quarter. Two Sigma Advisers LP now owns 2,074,100 shares of the transportation company’s stock valued at $282,783,000 after buying an additional 1,851,900 shares during the period. Franklin Resources Inc. increased its position in United Parcel Service by 15.6% in the 4th quarter. Franklin Resources Inc. now owns 10,979,909 shares of the transportation company’s stock valued at $1,384,567,000 after buying an additional 1,484,452 shares in the last quarter. Finally, Van ECK Associates Corp raised its stake in United Parcel Service by 77.7% during the 4th quarter. Van ECK Associates Corp now owns 3,150,901 shares of the transportation company’s stock worth $397,329,000 after buying an additional 1,378,136 shares during the period. Institutional investors own 60.26% of the company’s stock.

United Parcel Service Stock Performance

NYSE:UPS opened at $110.00 on Tuesday. The business has a fifty day simple moving average of $118.12 and a two-hundred day simple moving average of $126.27. United Parcel Service, Inc. has a 1 year low of $108.30 and a 1 year high of $154.29. The company has a market capitalization of $93.96 billion, a P/E ratio of 16.27, a P/E/G 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 (NYSE:UPS) last issued its quarterly earnings data on Thursday, January 30th. The transportation company reported $2.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.52 by $0.23. United Parcel Service had a return on equity of 39.13% and a net margin of 6.35%. During the same quarter in the previous year, the business posted $2.47 EPS. On average, analysts expect that United Parcel Service, Inc. will post 7.95 earnings per share for the current year.

United Parcel Service Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 6th. Investors of record on Tuesday, February 18th were paid a dividend of $1.64 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $6.56 annualized dividend and a yield of 5.96%. This is a boost from United Parcel Service’s previous quarterly dividend of $1.63. United Parcel Service’s payout ratio is currently 97.04%.

Analysts Set New Price Targets

UPS has been the subject of several recent research reports. Raymond James decreased their price objective on United Parcel Service from $155.00 to $145.00 and set a “strong-buy” rating for the company in a report on Friday, January 31st. Wolfe Research upgraded shares of United Parcel Service from a “peer perform” rating to an “outperform” rating and set a $147.00 price objective on the stock in a report on Wednesday, January 8th. Stifel Nicolaus dropped their price objective on shares of United Parcel Service from $156.00 to $153.00 and set a “buy” rating on the stock in a research note on Thursday, January 23rd. Robert W. Baird downgraded shares of United Parcel Service from an “outperform” rating to a “neutral” rating and decreased their target price for the stock from $160.00 to $130.00 in a research report on Friday, January 31st. Finally, Susquehanna dropped their price target on shares of United Parcel Service from $140.00 to $130.00 and set a “neutral” rating on the stock in a research report on Friday, January 31st. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $136.26.

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.