Blair William & Co. IL Trims Stock Position in United Parcel Service, Inc. (NYSE:UPS)

Blair William & Co. IL cut its position in United Parcel Service, Inc. (NYSE:UPS) by 6.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 192,681 shares of the transportation company’s stock after selling 12,518 shares during the quarter. Blair William & Co. IL’s holdings in United Parcel Service were worth $24,297,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

United Parcel Service Price Performance

Shares of NYSE UPS opened at $111.05 on Friday. The firm has a market cap 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, Inc. has a twelve month low of $109.40 and a twelve month high of $154.29. The company has a quick ratio of 1.14, a current ratio of 1.17 and a debt-to-equity ratio of 1.16. The company has a 50 day moving average of $118.92 and a 200 day moving average of $126.58.

United Parcel Service (NYSE:UPS) last posted 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 return on equity of 39.13% and a net margin of 6.35%. During the same period in the previous year, the company earned $2.47 earnings per share. As a group, research analysts expect that United Parcel Service, Inc. will post 7.95 EPS 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. Stockholders of record on Tuesday, February 18th were issued a dividend of $1.64 per share. This represents a $6.56 annualized dividend and a dividend yield of 5.91%. This is a boost from United Parcel Service’s previous quarterly dividend of $1.63. The ex-dividend date of this dividend was Tuesday, February 18th. United Parcel Service’s payout ratio is presently 97.04%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on UPS shares. Wells Fargo & Company dropped their price objective on shares of United Parcel Service from $128.00 to $120.00 and set an “overweight” rating for the company in a report on Thursday. Morgan Stanley cut their price objective on United Parcel Service from $100.00 to $82.00 and set an “underweight” rating for the company in a report on Friday, January 31st. Raymond James reduced their price objective on United Parcel Service from $155.00 to $145.00 and set a “strong-buy” rating on the stock in a research report on Friday, January 31st. BMO Capital Markets upgraded United Parcel Service from a “market perform” rating to an “outperform” rating and dropped their target price for the stock from $155.00 to $150.00 in a research report on Tuesday, December 10th. Finally, Robert W. Baird cut shares of United Parcel Service from an “outperform” rating to a “neutral” rating and reduced their price target for the company from $160.00 to $130.00 in a research report on Friday, January 31st. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $137.57.

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.