Midland Wealth Advisors LLC Trims Position in United Parcel Service, Inc. (NYSE:UPS)

Midland Wealth Advisors LLC lowered its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 6.4% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 7,669 shares of the transportation company’s stock after selling 528 shares during the period. Midland Wealth Advisors LLC’s holdings in United Parcel Service were worth $967,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. True Wealth Design LLC grew its stake in shares of United Parcel Service by 397.7% in the 3rd quarter. True Wealth Design LLC now owns 214 shares of the transportation company’s stock valued at $29,000 after purchasing an additional 171 shares during the last quarter. IFS Advisors LLC lifted its holdings in shares of United Parcel Service by 232.3% during the fourth quarter. IFS Advisors LLC now owns 216 shares of the transportation company’s stock worth $27,000 after purchasing an additional 151 shares during the period. FSA Wealth Management LLC purchased a new position in United Parcel Service in the 3rd quarter valued at $36,000. Whipplewood Advisors LLC acquired a new position in United Parcel Service in the 4th quarter valued at $34,000. Finally, Sugar Maple Asset Management LLC purchased a new position in United Parcel Service during the 4th quarter worth $38,000. Institutional investors and hedge funds own 60.26% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Wolfe Research raised shares of United Parcel Service from a “peer perform” rating to an “outperform” rating and set a $147.00 target price on the stock in a report on Wednesday, January 8th. Raymond James lowered their price objective on United Parcel Service from $155.00 to $145.00 and set a “strong-buy” rating on the stock in a report on Friday, January 31st. BMO Capital Markets raised United Parcel Service from a “market perform” rating to an “outperform” rating and cut their target price for the stock from $155.00 to $150.00 in a research note on Tuesday, December 10th. Deutsche Bank Aktiengesellschaft started coverage on United Parcel Service in a research note on Friday. They issued a “hold” rating and a $119.00 price target on the stock. Finally, The Goldman Sachs Group cut their price objective on United Parcel Service from $166.00 to $147.00 and set a “buy” rating for the company 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, thirteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $138.00.

United Parcel Service Price Performance

Shares of NYSE:UPS opened at $121.59 on Monday. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.14 and a current ratio of 1.17. The business’s fifty day moving average price is $121.73 and its two-hundred day moving average price is $127.77. The stock has a market cap of $103.85 billion, a PE ratio of 17.99, a price-to-earnings-growth ratio of 1.55 and a beta of 0.94. United Parcel Service, Inc. has a one year low of $109.40 and a one year high of $158.95.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings data on Thursday, January 30th. The transportation company reported $2.75 EPS for the quarter, beating 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 last year, the company earned $2.47 EPS. On average, analysts forecast that United Parcel Service, Inc. will post 7.95 EPS for the current fiscal year.

United Parcel Service Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 6th. Stockholders of record on Tuesday, February 18th were given a $1.64 dividend. This represents a $6.56 dividend on an annualized basis and a dividend yield of 5.40%. The ex-dividend date of this dividend was Tuesday, February 18th. This is a positive change from United Parcel Service’s previous quarterly dividend of $1.63. United Parcel Service’s payout ratio is currently 97.04%.

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.