GC Wealth Management RIA LLC Sells 339 Shares of United Parcel Service, Inc. (NYSE:UPS)

GC Wealth Management RIA LLC cut its position in United Parcel Service, Inc. (NYSE:UPS) by 3.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,584 shares of the transportation company’s stock after selling 339 shares during the quarter. GC Wealth Management RIA LLC’s holdings in United Parcel Service were worth $1,209,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the company. State Street Corp raised its stake in shares of United Parcel Service by 2.1% in the third quarter. State Street Corp now owns 29,597,425 shares of the transportation company’s stock valued at $4,035,313,000 after buying an additional 613,409 shares during the period. Charles Schwab Investment Management Inc. raised its stake in shares of United Parcel Service by 6.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 23,264,665 shares of the transportation company’s stock valued at $2,933,674,000 after buying an additional 1,337,058 shares during the period. Geode Capital Management LLC raised its stake in shares of United Parcel Service by 2.5% in the third quarter. Geode Capital Management LLC now owns 15,289,624 shares of the transportation company’s stock valued at $2,080,170,000 after buying an additional 373,202 shares during the period. FMR LLC raised its stake in shares of United Parcel Service by 3.7% in the third quarter. FMR LLC now owns 10,627,550 shares of the transportation company’s stock valued at $1,448,960,000 after buying an additional 380,229 shares during the period. Finally, Amundi grew its position in shares of United Parcel Service by 14.6% in the fourth quarter. Amundi now owns 10,040,863 shares of the transportation company’s stock valued at $1,272,600,000 after purchasing an additional 1,277,328 shares in the last quarter. 60.26% of the stock is currently owned by institutional investors.

United Parcel Service Trading Down 0.8 %

UPS opened at $120.67 on Tuesday. The business has a 50 day simple moving average of $121.64 and a two-hundred day simple moving average of $127.72. The firm has a market capitalization of $103.07 billion, a price-to-earnings ratio of 17.85, a PEG ratio of 1.55 and a beta of 0.94. 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, Inc. has a one year low of $109.40 and a one year high of $158.95.

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 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 business posted $2.47 earnings per share. Analysts predict that United Parcel Service, Inc. will post 7.95 EPS for the current year.

United Parcel Service Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 6th. Shareholders of record on Tuesday, February 18th were issued a dividend of $1.64 per share. This is an increase from United Parcel Service’s previous quarterly dividend of $1.63. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $6.56 dividend on an annualized basis and a dividend yield of 5.44%. United Parcel Service’s dividend payout ratio is 97.04%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Citigroup reduced their price target 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. Wolfe Research upgraded United Parcel Service from a “peer perform” rating to an “outperform” rating and set a $147.00 price target for the company in a research report on Wednesday, January 8th. Evercore ISI lifted their price target on United Parcel Service from $141.00 to $147.00 and gave the company an “in-line” rating in a research report on Wednesday, January 22nd. The Goldman Sachs Group reduced their price target on United Parcel Service from $166.00 to $147.00 and set a “buy” rating for the company in a research report on Friday, January 31st. Finally, Susquehanna reduced their price target 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. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $138.00.

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.