Tucker Asset Management LLC Sells 991 Shares of United Parcel Service, Inc. (NYSE:UPS)

Tucker Asset Management LLC trimmed its stake in United Parcel Service, Inc. (NYSE:UPS) by 31.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,111 shares of the transportation company’s stock after selling 991 shares during the period. Tucker Asset Management LLC’s holdings in United Parcel Service were worth $266,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in UPS. WealthTrak Capital Management LLC bought a new stake in shares of United Parcel Service in the 4th quarter valued at about $364,000. Allstate Corp acquired a new stake in shares of United Parcel Service in the fourth quarter worth $2,736,000. DnB Asset Management AS grew its position in United Parcel Service by 4.7% during the 4th quarter. DnB Asset Management AS now owns 267,467 shares of the transportation company’s stock worth $33,728,000 after purchasing an additional 12,119 shares during the period. Alerus Financial NA raised its stake in shares of United Parcel Service by 2.4% during the 4th quarter. Alerus Financial NA now owns 13,508 shares of the transportation company’s stock valued at $1,703,000 after buying an additional 316 shares during the last quarter. Finally, Slagle Financial LLC lifted its holdings in shares of United Parcel Service by 3.3% in the 4th quarter. Slagle Financial LLC now owns 20,913 shares of the transportation company’s stock valued at $2,637,000 after buying an additional 668 shares during the period. 60.26% of the stock is owned by institutional investors.

United Parcel Service Stock Performance

Shares of UPS stock opened at $109.66 on Friday. The firm has a market cap of $93.66 billion, a price-to-earnings ratio of 16.22, a PEG ratio of 1.55 and a beta of 0.94. United Parcel Service, Inc. has a 1 year low of $109.40 and a 1 year high of $154.29. The stock’s 50-day moving average is $118.52 and its two-hundred day moving average is $126.44. 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 (NYSE:UPS) last issued 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 quarter in the prior year, the firm earned $2.47 earnings per share. Analysts predict that United Parcel Service, Inc. will post 7.95 earnings per share for the current year.

United Parcel Service Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 6th. Shareholders of record on Tuesday, February 18th were issued a $1.64 dividend. This represents a $6.56 annualized dividend and a dividend yield of 5.98%. The ex-dividend date was Tuesday, February 18th. This is an increase from United Parcel Service’s previous quarterly dividend of $1.63. United Parcel Service’s dividend payout ratio is 97.04%.

Analyst Ratings Changes

Several research firms have recently weighed in on UPS. Baird R W lowered shares of United Parcel Service from a “strong-buy” rating to a “hold” rating in a report on Friday, January 31st. Loop Capital cut their price objective on United Parcel Service from $120.00 to $115.00 and set a “hold” rating for the company in a research report on Monday, February 3rd. Bank of America dropped 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 note on Tuesday. UBS Group reduced their price objective on shares of United Parcel Service from $170.00 to $141.00 and set a “buy” rating for the company in a research report on Friday, January 31st. Finally, Wells Fargo & Company reduced their price target on shares of United Parcel Service from $128.00 to $120.00 and set an “overweight” rating for the company in a research report on Thursday. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, United Parcel Service 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.