Beacon Harbor Wealth Advisors Inc. Lowers Position in United Parcel Service, Inc. (NYSE:UPS)

Beacon Harbor Wealth Advisors Inc. reduced its stake in United Parcel Service, Inc. (NYSE:UPS) by 60.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 20,441 shares of the transportation company’s stock after selling 31,001 shares during the quarter. Beacon Harbor Wealth Advisors Inc.’s holdings in United Parcel Service were worth $2,578,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. True Wealth Design LLC raised its position 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 valued at $29,000 after buying an additional 171 shares during the last quarter. IFS Advisors LLC raised its position in United Parcel Service by 232.3% in the 4th quarter. IFS Advisors LLC now owns 216 shares of the transportation company’s stock valued at $27,000 after buying an additional 151 shares during the last quarter. FSA Wealth Management LLC purchased a new stake in United Parcel Service in the 3rd quarter valued at $36,000. Whipplewood Advisors LLC purchased a new stake in United Parcel Service in the 4th quarter valued at $34,000. Finally, Sugar Maple Asset Management LLC purchased a new stake in United Parcel Service in the 4th quarter valued at $38,000. 60.26% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have recently issued reports on UPS. 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. Susquehanna decreased their target price on United Parcel Service from $140.00 to $130.00 and set a “neutral” rating for the company in a research report on Friday, January 31st. Stifel Nicolaus decreased their target price on United Parcel Service from $156.00 to $153.00 and set a “buy” rating for the company in a research report on Thursday, January 23rd. Morgan Stanley decreased their target price on 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. Finally, JPMorgan Chase & Co. decreased their target price on United Parcel Service from $135.00 to $120.00 and set a “neutral” rating for the company in a research report on Friday, January 31st. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, United Parcel Service has a consensus rating of “Moderate Buy” and an average price target of $140.73.

United Parcel Service Stock Up 2.0 %

Shares of NYSE UPS opened at $119.10 on Thursday. 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 $121.94 and a two-hundred day simple moving average of $127.88. 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 $101.73 billion, a P/E ratio of 17.62, 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 firm also recently declared 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. This represents a $6.56 dividend on an annualized basis and a dividend yield of 5.51%. The ex-dividend date of this dividend is Tuesday, February 18th. This is an increase from United Parcel Service’s previous quarterly dividend of $1.63. United Parcel Service’s dividend payout ratio (DPR) is 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.