Yarger Wealth Strategies LLC Decreases Stake in United Parcel Service, Inc. (NYSE:UPS)

Yarger Wealth Strategies LLC cut its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 23.6% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,647 shares of the transportation company’s stock after selling 817 shares during the quarter. Yarger Wealth Strategies LLC’s holdings in United Parcel Service were worth $416,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of UPS. Norges Bank acquired a new position in United Parcel Service during the fourth quarter worth $1,255,623,000. Moneta Group Investment Advisors LLC raised its holdings in shares of United Parcel Service by 105,818.6% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 4,215,560 shares of the transportation company’s stock worth $732,833,000 after acquiring an additional 4,211,580 shares during the last quarter. Wellington Management Group LLP raised its holdings in shares of United Parcel Service by 31.7% in the third quarter. Wellington Management Group LLP now owns 9,677,202 shares of the transportation company’s stock worth $1,508,385,000 after acquiring an additional 2,331,875 shares during the last quarter. Morgan Stanley raised its holdings in shares of United Parcel Service by 33.7% in the fourth quarter. Morgan Stanley now owns 7,730,090 shares of the transportation company’s stock worth $1,343,799,000 after acquiring an additional 1,949,775 shares during the last quarter. Finally, Providence Capital Advisors LLC raised its holdings in shares of United Parcel Service by 19,991.7% in the first quarter. Providence Capital Advisors LLC now owns 1,905,500 shares of the transportation company’s stock worth $9,822,000 after acquiring an additional 1,896,016 shares during the last quarter. 60.26% of the stock is owned by institutional investors and hedge funds.

United Parcel Service Trading Up 0.9 %

Shares of NYSE UPS opened at $148.64 on Friday. The stock’s 50 day moving average price is $150.64 and its two-hundred day moving average price is $152.25. United Parcel Service, Inc. has a 52-week low of $133.68 and a 52-week high of $197.80. The stock has a market capitalization of $126.74 billion, a P/E ratio of 19.08, a PEG ratio of 1.79 and a beta of 1.05. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 1.09.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings data on Tuesday, January 30th. The transportation company reported $2.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.46 by $0.01. The firm had revenue of $24.92 billion for the quarter, compared to analysts’ expectations of $25.40 billion. United Parcel Service had a return on equity of 39.46% and a net margin of 7.37%. United Parcel Service’s revenue for the quarter was down 7.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.62 earnings per share. On average, analysts anticipate that United Parcel Service, Inc. will post 8.28 earnings per share for the current fiscal year.

United Parcel Service Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 8th. Stockholders of record on Tuesday, February 20th were given a dividend of $1.63 per share. This represents a $6.52 dividend on an annualized basis and a dividend yield of 4.39%. This is a boost from United Parcel Service’s previous quarterly dividend of $1.62. The ex-dividend date of this dividend was Friday, February 16th. United Parcel Service’s dividend payout ratio is presently 83.70%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on UPS shares. BMO Capital Markets boosted their price target on United Parcel Service from $160.00 to $165.00 and gave the stock a “market perform” rating in a report on Wednesday. Raymond James lowered their price objective on United Parcel Service from $185.00 to $175.00 and set a “strong-buy” rating for the company in a research report on Wednesday, January 31st. Barclays lowered their price objective on United Parcel Service from $150.00 to $145.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 31st. TheStreet raised United Parcel Service from a “c” rating to a “b-” rating in a research report on Tuesday, January 30th. Finally, UBS Group raised United Parcel Service from a “neutral” rating to a “buy” rating and boosted their price target for the company from $160.00 to $175.00 in a research report on Tuesday, February 6th. One research analyst has rated the stock with a sell rating, sixteen have issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $165.23.

Insider Transactions at United Parcel Service

In other United Parcel Service news, Director Eva C. Boratto bought 1,400 shares of United Parcel Service stock in a transaction dated Friday, February 2nd. The stock was bought at an average price of $142.30 per share, for a total transaction of $199,220.00. Following the completion of the acquisition, the director now directly owns 1,400 shares of the company’s stock, valued at $199,220. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.13% of the company’s stock.

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.