Telos Capital Management Inc. Cuts Stock Position in United Parcel Service, Inc. (NYSE:UPS)

Telos Capital Management Inc. decreased its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 1.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 93,971 shares of the transportation company’s stock after selling 1,507 shares during the period. United Parcel Service accounts for 1.3% of Telos Capital Management Inc.’s holdings, making the stock its 20th biggest position. Telos Capital Management Inc.’s holdings in United Parcel Service were worth $11,850,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Principal Financial Group Inc. boosted its position in shares of United Parcel Service by 4.3% in the 3rd quarter. Principal Financial Group Inc. now owns 829,280 shares of the transportation company’s stock worth $113,064,000 after purchasing an additional 33,989 shares in the last quarter. Onyx Bridge Wealth Group LLC purchased a new stake in United Parcel Service in the fourth quarter valued at about $461,000. Synovus Financial Corp boosted its holdings in United Parcel Service by 8.6% in the third quarter. Synovus Financial Corp now owns 87,531 shares of the transportation company’s stock worth $11,934,000 after acquiring an additional 6,941 shares in the last quarter. Van ECK Associates Corp grew its stake in shares of United Parcel Service by 1,061.1% during the third quarter. Van ECK Associates Corp now owns 1,772,765 shares of the transportation company’s stock worth $232,959,000 after acquiring an additional 1,620,091 shares during the last quarter. Finally, HF Advisory Group LLC acquired a new position in shares of United Parcel Service during the fourth quarter valued at about $1,305,000. 60.26% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts recently commented on UPS shares. Morgan Stanley lowered their target price on shares of United Parcel Service from $100.00 to $82.00 and set an “underweight” rating for the company in a research note on Friday, January 31st. Loop Capital dropped their price objective on shares of United Parcel Service from $120.00 to $115.00 and set a “hold” rating on the stock in a report on Monday. The Goldman Sachs Group cut their target price on United Parcel Service from $166.00 to $147.00 and set a “buy” rating on the stock in a research report on Friday, January 31st. BMO Capital Markets raised 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 research report on Tuesday, December 10th. Finally, Argus raised United Parcel Service from a “hold” rating to a “buy” rating in a report on Tuesday, November 5th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $140.73.

Insider Activity at United Parcel Service

In related news, insider Norman M. Brothers, Jr. sold 7,325 shares of the firm’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $138.57, for a total value of $1,015,025.25. Following the transaction, the insider now directly owns 45,098 shares of the company’s stock, valued at approximately $6,249,229.86. This trade represents a 13.97 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.13% of the stock is owned by corporate insiders.

United Parcel Service Trading Up 1.4 %

Shares of United Parcel Service stock opened at $113.47 on Friday. The firm has a 50-day simple moving average of $126.84 and a two-hundred day simple moving average of $129.57. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.14 and a current ratio of 1.17. United Parcel Service, Inc. has a fifty-two week low of $109.40 and a fifty-two week high of $158.95. The company has a market cap of $96.83 billion, a P/E ratio of 16.79, a price-to-earnings-growth ratio of 1.63 and a beta of 0.98.

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 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 period in the previous year, the business posted $2.47 earnings per share. As a group, equities analysts predict that United Parcel Service, Inc. will post 8.61 earnings per share for the current fiscal year.

United Parcel Service Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 6th. Stockholders of record on Tuesday, February 18th will be given a dividend of $1.64 per share. This is a positive change from United Parcel Service’s previous quarterly dividend of $1.63. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $6.56 dividend on an annualized basis and a dividend yield of 5.78%. United Parcel Service’s dividend payout ratio (DPR) is 96.45%.

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.