RWA Wealth Partners LLC Lowers Stake in United Parcel Service, Inc. (NYSE:UPS)

RWA Wealth Partners LLC lessened its holdings in United Parcel Service, Inc. (NYSE:UPS) by 0.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 81,274 shares of the transportation company’s stock after selling 668 shares during the period. RWA Wealth Partners LLC’s holdings in United Parcel Service were worth $10,249,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Norges Bank acquired a new stake in United Parcel Service in the 4th quarter valued at $1,075,393,000. Raymond James Financial Inc. purchased a new stake in shares of United Parcel Service during the fourth quarter worth about $393,680,000. Two Sigma Advisers LP raised its position in shares of United Parcel Service by 833.4% during the 3rd quarter. Two Sigma Advisers LP now owns 2,074,100 shares of the transportation company’s stock worth $282,783,000 after purchasing an additional 1,851,900 shares during the last quarter. Van ECK Associates Corp boosted its holdings in United Parcel Service by 77.7% in 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 last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in United Parcel Service by 6.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 23,264,665 shares of the transportation company’s stock worth $2,933,674,000 after buying an additional 1,337,058 shares in the last quarter. Hedge funds and other institutional investors own 60.26% of the company’s stock.

United Parcel Service Price Performance

United Parcel Service stock opened at $109.66 on Friday. The company has a quick ratio of 1.14, a current ratio of 1.17 and a debt-to-equity ratio of 1.16. United Parcel Service, Inc. has a 52-week low of $109.40 and a 52-week high of $154.29. The firm has a market cap of $93.66 billion, a PE ratio of 16.22, a price-to-earnings-growth ratio of 1.55 and a beta of 0.94. The company’s 50 day moving average is $118.52 and its two-hundred day moving average is $126.42.

United Parcel Service (NYSE:UPS) last released its earnings results on Thursday, January 30th. The transportation company reported $2.75 earnings per share (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 period last year, the firm earned $2.47 earnings per share. On average, research analysts expect that United Parcel Service, Inc. will post 7.95 EPS for the current fiscal year.

United Parcel Service Increases Dividend

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

Analyst Upgrades and Downgrades

UPS has been the subject of several research reports. Raymond James dropped their price target on United Parcel Service from $155.00 to $145.00 and set a “strong-buy” rating for the company in a research report on Friday, January 31st. Robert W. Baird cut shares of United Parcel Service from an “outperform” rating to a “neutral” rating and dropped their price objective for the company from $160.00 to $130.00 in a research note on Friday, January 31st. Loop Capital decreased their target price on shares of United Parcel Service from $120.00 to $115.00 and set a “hold” rating on the stock in a research note on Monday, February 3rd. Deutsche Bank Aktiengesellschaft began coverage on United Parcel Service in a report on Friday, March 7th. They issued a “hold” rating and a $119.00 price target for the company. Finally, Wells Fargo & Company dropped their target price on United Parcel Service from $128.00 to $120.00 and set an “overweight” rating for the company in a report on Thursday. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $137.57.

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.