United Parcel Service, Inc. (NYSE:UPS) Shares Sold by Heritage Wealth Management Inc.

Heritage Wealth Management Inc. reduced its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 5.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,916 shares of the transportation company’s stock after selling 491 shares during the period. Heritage Wealth Management Inc.’s holdings in United Parcel Service were worth $1,124,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Chase Investment Counsel Corp acquired a new position in shares of United Parcel Service during the 4th quarter worth approximately $401,000. Metis Global Partners LLC boosted its holdings in shares of United Parcel Service by 4.6% during the 4th quarter. Metis Global Partners LLC now owns 31,214 shares of the transportation company’s stock worth $3,936,000 after purchasing an additional 1,363 shares during the last quarter. SVB Wealth LLC acquired a new position in shares of United Parcel Service during the 4th quarter worth approximately $1,950,000. Tufton Capital Management boosted its holdings in shares of United Parcel Service by 7.3% during the 4th quarter. Tufton Capital Management now owns 58,851 shares of the transportation company’s stock worth $7,421,000 after purchasing an additional 4,014 shares during the last quarter. Finally, Fortress Financial Group LLC acquired a new position in shares of United Parcel Service during the 4th quarter worth approximately $633,000. 60.26% of the stock is currently owned by institutional investors and hedge funds.

United Parcel Service Stock Up 1.1 %

United Parcel Service stock opened at $118.97 on Friday. United Parcel Service, Inc. has a twelve month low of $109.40 and a twelve month high of $158.95. The stock’s fifty day simple moving average is $122.41 and its 200-day simple moving average is $128.08. 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 firm has a market capitalization of $101.62 billion, a P/E ratio of 17.60, a P/E/G ratio of 1.55 and a beta of 0.98.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings data 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 quarter last year, the company earned $2.47 EPS. As a group, equities analysts expect that United Parcel Service, Inc. will post 7.95 earnings per share for the current fiscal year.

United Parcel Service Increases Dividend

The business also recently disclosed 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. 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 5.51%. This is a positive change from United Parcel Service’s previous quarterly dividend of $1.63. United Parcel Service’s dividend payout ratio is currently 97.04%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on UPS. Raymond James lowered their target price on United Parcel Service from $155.00 to $145.00 and set a “strong-buy” rating on the stock in a report on Friday, January 31st. Wells Fargo & Company decreased their price objective on United Parcel Service from $150.00 to $128.00 and set an “overweight” rating on the stock in a report on Friday, January 31st. Wolfe Research upgraded United Parcel Service from a “peer perform” rating to an “outperform” rating and set a $147.00 price objective on the stock in a report on Wednesday, January 8th. Loop Capital decreased their price objective on United Parcel Service from $120.00 to $115.00 and set a “hold” rating on the stock in a report on Monday, February 3rd. Finally, UBS Group decreased their price objective 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 analysts have rated the stock with a sell rating, nine have issued a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $140.73.

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.