CIBC Private Wealth Group LLC Lowers Stock Holdings in United Parcel Service, Inc. (NYSE:UPS)

CIBC Private Wealth Group LLC cut its holdings in United Parcel Service, Inc. (NYSE:UPS) by 6.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 144,896 shares of the transportation company’s stock after selling 9,771 shares during the quarter. CIBC Private Wealth Group LLC’s holdings in United Parcel Service were worth $18,367,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Public Sector Pension Investment Board grew its position in shares of United Parcel Service by 14.5% in the third quarter. Public Sector Pension Investment Board now owns 32,289 shares of the transportation company’s stock valued at $4,402,000 after purchasing an additional 4,100 shares during the period. Arete Wealth Advisors LLC lifted its stake in United Parcel Service by 69.0% in the 3rd quarter. Arete Wealth Advisors LLC now owns 19,068 shares of the transportation company’s stock valued at $2,591,000 after buying an additional 7,786 shares in the last quarter. True Wealth Design LLC boosted its holdings in United Parcel Service by 397.7% in the 3rd quarter. True Wealth Design LLC now owns 214 shares of the transportation company’s stock worth $29,000 after buying an additional 171 shares during the last quarter. Erste Asset Management GmbH purchased a new stake in United Parcel Service during the 3rd quarter worth approximately $2,054,000. Finally, FSA Wealth Management LLC acquired a new position in shares of United Parcel Service during the third quarter valued at approximately $36,000. 60.26% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts recently commented on UPS shares. Citigroup dropped their price target on United Parcel Service from $158.00 to $149.00 and set a “buy” rating for the company in a research report on Friday, January 31st. Morgan Stanley reduced 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 report on Friday, January 31st. Deutsche Bank Aktiengesellschaft initiated coverage on shares of United Parcel Service in a research report on Friday, March 7th. They set a “hold” rating and a $119.00 price target on the stock. JPMorgan Chase & Co. cut their price objective on shares of United Parcel Service from $135.00 to $120.00 and set a “neutral” rating for the company in a report on Friday, January 31st. Finally, UBS Group lowered their target price on United Parcel Service from $170.00 to $141.00 and set a “buy” rating on the stock in a report on Friday, January 31st. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $136.26.

United Parcel Service Price Performance

UPS stock opened at $110.00 on Tuesday. The business’s fifty day moving average price is $118.12 and its 200 day moving average price is $126.27. United Parcel Service, Inc. has a 12-month low of $108.30 and a 12-month high of $154.29. The company has a current ratio of 1.17, a quick ratio of 1.14 and a debt-to-equity ratio of 1.16. The company has a market capitalization of $93.96 billion, a PE ratio of 16.27, a P/E/G ratio of 1.55 and a beta of 0.94.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings results on Thursday, January 30th. The transportation company reported $2.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.52 by $0.23. United Parcel Service had a net margin of 6.35% and a return on equity of 39.13%. During the same quarter in the previous year, the firm earned $2.47 EPS. On average, sell-side analysts anticipate that United Parcel Service, Inc. will post 7.95 EPS 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 paid a $1.64 dividend. This is an increase from United Parcel Service’s previous quarterly dividend of $1.63. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $6.56 annualized dividend and a dividend yield of 5.96%. United Parcel Service’s payout ratio is 97.04%.

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.