Conscious Wealth Investments LLC Lowers Position in United Parcel Service, Inc. (NYSE:UPS)

Conscious Wealth Investments LLC trimmed its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 15.3% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,516 shares of the transportation company’s stock after selling 456 shares during the quarter. Conscious Wealth Investments LLC’s holdings in United Parcel Service were worth $326,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Cigna Investments Inc. New boosted its position in shares of United Parcel Service by 1.0% during the third quarter. Cigna Investments Inc. New now owns 7,508 shares of the transportation company’s stock valued at $1,024,000 after purchasing an additional 75 shares in the last quarter. Pacific Sage Partners LLC lifted its position in United Parcel Service by 4.8% during the fourth quarter. Pacific Sage Partners LLC now owns 1,677 shares of the transportation company’s stock valued at $212,000 after buying an additional 77 shares during the period. Banco Santander S.A. boosted its holdings in shares of United Parcel Service by 0.6% during the 3rd quarter. Banco Santander S.A. now owns 12,596 shares of the transportation company’s stock valued at $1,717,000 after buying an additional 79 shares in the last quarter. Quent Capital LLC grew its position in shares of United Parcel Service by 16.7% in the 4th quarter. Quent Capital LLC now owns 558 shares of the transportation company’s stock worth $70,000 after buying an additional 80 shares during the period. Finally, Tradewinds LLC. increased its stake in shares of United Parcel Service by 1.8% in the 3rd quarter. Tradewinds LLC. now owns 4,487 shares of the transportation company’s stock worth $612,000 after acquiring an additional 81 shares in the last quarter. Hedge funds and other institutional investors own 60.26% of the company’s stock.

Analysts Set New Price Targets

UPS has been the topic of several research reports. Baird R W lowered shares of United Parcel Service from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 31st. Evercore ISI boosted their price target on United Parcel Service from $141.00 to $147.00 and gave the stock an “in-line” rating in a research report on Wednesday, January 22nd. Citigroup reduced their price objective 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. BMO Capital Markets upgraded United Parcel Service from a “market perform” rating to an “outperform” rating and lowered their price objective for the company from $155.00 to $150.00 in a research note on Tuesday, December 10th. Finally, JPMorgan Chase & Co. cut their target price on United Parcel Service from $135.00 to $120.00 and set a “neutral” rating on the stock in a research note 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 given a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $140.73.

United Parcel Service Price Performance

Shares of UPS opened at $116.35 on Monday. The firm has a fifty day simple moving average of $123.21 and a two-hundred day simple moving average of $128.39. The firm has a market cap of $99.38 billion, a PE ratio of 17.21, a P/E/G ratio of 1.55 and a beta of 0.98. The company has a current ratio of 1.17, a quick ratio of 1.14 and a debt-to-equity ratio of 1.16. United Parcel Service, Inc. has a 1-year low of $109.40 and a 1-year high of $158.95.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings data on Thursday, January 30th. The transportation company reported $2.75 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 quarter in the previous year, the firm earned $2.47 earnings per share. On average, equities 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 disclosed a quarterly dividend, which will be paid on Thursday, March 6th. Investors of record on Tuesday, February 18th will be issued 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 is Tuesday, February 18th. This represents a $6.56 dividend on an annualized basis and a dividend yield of 5.64%. United Parcel Service’s dividend payout ratio (DPR) is presently 97.04%.

About United Parcel Service

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.