Alta Capital Management LLC Has $283,000 Stake in United Parcel Service, Inc. (NYSE:UPS)

Alta Capital Management LLC trimmed its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 90.2% during the fourth quarter, Holdings Channel.com reports. The firm owned 2,246 shares of the transportation company’s stock after selling 20,781 shares during the period. Alta Capital Management LLC’s holdings in United Parcel Service were worth $283,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of UPS. Creative Financial Designs Inc. ADV raised its position in United Parcel Service by 27.6% in the 3rd quarter. Creative Financial Designs Inc. ADV now owns 2,305 shares of the transportation company’s stock valued at $314,000 after buying an additional 498 shares during the last quarter. Chicago Partners Investment Group LLC raised its position in United Parcel Service by 8.8% in the 3rd quarter. Chicago Partners Investment Group LLC now owns 4,420 shares of the transportation company’s stock valued at $581,000 after buying an additional 359 shares during the last quarter. Princeton Global Asset Management LLC raised its position in United Parcel Service by 720.0% in the 3rd quarter. Princeton Global Asset Management LLC now owns 246 shares of the transportation company’s stock valued at $34,000 after buying an additional 216 shares during the last quarter. Clear Creek Financial Management LLC raised its position in United Parcel Service by 16.9% in the 3rd quarter. Clear Creek Financial Management LLC now owns 3,048 shares of the transportation company’s stock valued at $416,000 after buying an additional 441 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. raised its position in United Parcel Service by 5.7% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 62,953 shares of the transportation company’s stock valued at $8,583,000 after buying an additional 3,416 shares during the last quarter. 60.26% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts recently commented on UPS shares. BMO Capital Markets raised United Parcel Service from a “market perform” rating to an “outperform” rating and lowered their price target for the company from $155.00 to $150.00 in a research report on Tuesday, December 10th. Baird R W lowered United Parcel Service from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 31st. Loop Capital decreased their target price 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. Wells Fargo & Company decreased their target price on United Parcel Service from $150.00 to $128.00 and set an “overweight” rating for the company in a research report on Friday, January 31st. Finally, Citigroup decreased their target price 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. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $140.73.

United Parcel Service Stock Up 0.2 %

Shares of NYSE UPS opened at $119.27 on Tuesday. United Parcel Service, Inc. has a 52 week low of $109.40 and a 52 week high of $158.95. The business has a 50-day simple moving average of $122.28 and a two-hundred day simple moving average of $128.03. 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 market cap of $101.88 billion, a P/E ratio of 17.64, a P/E/G ratio of 1.55 and a beta of 0.98.

United Parcel Service (NYSE:UPS) last issued its earnings results on Thursday, January 30th. The transportation company reported $2.75 EPS 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 prior year, the company posted $2.47 earnings per share. Research analysts anticipate 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 announced a quarterly dividend, which will be paid on Thursday, March 6th. Shareholders of record on Tuesday, February 18th will be paid a $1.64 dividend. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $6.56 annualized dividend and a yield of 5.50%. This is an increase from United Parcel Service’s previous quarterly dividend of $1.63. United Parcel Service’s dividend payout ratio (DPR) is currently 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.