United Parcel Service, Inc. (NYSE:UPS) Shares Sold by DT Investment Partners LLC

DT Investment Partners LLC cut its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 46.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,152 shares of the transportation company’s stock after selling 1,010 shares during the quarter. DT Investment Partners LLC’s holdings in United Parcel Service were worth $145,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. CFC Planning Co LLC purchased a new position in United Parcel Service during the fourth quarter worth about $1,573,000. Compagnie Lombard Odier SCmA raised its stake in shares of United Parcel Service by 17,677.8% in the 4th quarter. Compagnie Lombard Odier SCmA now owns 1,600 shares of the transportation company’s stock valued at $202,000 after acquiring an additional 1,591 shares during the period. Vontobel Holding Ltd. raised its stake in shares of United Parcel Service by 0.7% in the 4th quarter. Vontobel Holding Ltd. now owns 91,465 shares of the transportation company’s stock valued at $11,534,000 after acquiring an additional 627 shares during the period. Catalyst Financial Partners LLC raised its stake in shares of United Parcel Service by 7.8% in the 4th quarter. Catalyst Financial Partners LLC now owns 2,771 shares of the transportation company’s stock valued at $349,000 after acquiring an additional 200 shares during the period. Finally, Asset Management One Co. Ltd. raised its stake in shares of United Parcel Service by 1.0% in the 4th quarter. Asset Management One Co. Ltd. now owns 281,559 shares of the transportation company’s stock valued at $35,507,000 after acquiring an additional 2,846 shares during the period. 60.26% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. BMO Capital Markets upgraded shares of United Parcel Service from a “market perform” rating to an “outperform” rating and dropped their price objective for the company from $155.00 to $150.00 in a report on Tuesday, December 10th. Raymond James dropped their price objective on shares of United Parcel Service from $155.00 to $145.00 and set a “strong-buy” rating for the company in a report on Friday, January 31st. Oppenheimer lifted their price objective on shares of United Parcel Service from $140.00 to $146.00 and gave the company an “outperform” rating in a report on Monday, October 28th. Loop Capital lowered their price target on shares of United Parcel Service from $120.00 to $115.00 and set a “hold” rating for the company in a report on Monday, February 3rd. Finally, The Goldman Sachs Group lowered their price target on shares of United Parcel Service from $166.00 to $147.00 and set a “buy” rating for the company in a report on Friday, January 31st. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $140.73.

United Parcel Service Stock Up 1.3 %

UPS stock opened at $115.74 on Friday. The company has a fifty day moving average price of $124.96 and a 200 day moving average price of $128.96. United Parcel Service, Inc. has a 12 month low of $109.40 and a 12 month high of $158.95. The company has a market cap of $98.77 billion, a price-to-earnings ratio of 17.12, a price-to-earnings-growth ratio of 1.50 and a beta of 0.98. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.17 and a quick ratio of 1.14.

United Parcel Service (NYSE:UPS) last released its quarterly earnings results on Thursday, January 30th. The transportation company reported $2.75 EPS for the quarter, beating 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 period in the prior year, the business posted $2.47 earnings per share. Sell-side analysts expect that United Parcel Service, Inc. will post 7.99 earnings per share for the current year.

United Parcel Service Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 6th. Shareholders of record on Tuesday, February 18th will be given a dividend of $1.64 per share. The ex-dividend date is Tuesday, February 18th. This represents a $6.56 dividend on an annualized basis and a yield of 5.67%. This is an increase from United Parcel Service’s previous quarterly dividend of $1.63. United Parcel Service’s dividend payout ratio is presently 96.45%.

Insiders Place Their Bets

In other United Parcel Service news, insider Norman M. Brothers, Jr. sold 7,325 shares of the company’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $138.57, for a total transaction of $1,015,025.25. Following the completion of the transaction, the insider now owns 45,098 shares in the company, valued at approximately $6,249,229.86. This represents a 13.97 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.13% of the stock is owned by insiders.

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.