Wealth Alliance Sells 1,104 Shares of United Parcel Service, Inc. (NYSE:UPS)

Wealth Alliance trimmed its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 9.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,931 shares of the transportation company’s stock after selling 1,104 shares during the quarter. Wealth Alliance’s holdings in United Parcel Service were worth $1,719,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. OFI Invest Asset Management acquired a new position in shares of United Parcel Service in the 3rd quarter valued at about $25,000. IMA Wealth Inc. lifted its stake in United Parcel Service by 100.0% in the second quarter. IMA Wealth Inc. now owns 142 shares of the transportation company’s stock valued at $25,000 after buying an additional 71 shares during the period. Pacific Center for Financial Services acquired a new position in United Parcel Service in the first quarter valued at approximately $25,000. Tennessee Valley Asset Management Partners bought a new position in shares of United Parcel Service during the 4th quarter worth approximately $26,000. Finally, Worth Asset Management LLC acquired a new stake in shares of United Parcel Service during the 1st quarter worth approximately $27,000. 60.26% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on UPS shares. Susquehanna reiterated a “neutral” rating and set a $150.00 target price on shares of United Parcel Service in a research report on Wednesday, March 27th. Evercore ISI restated an “in-line” rating and issued a $154.00 target price on shares of United Parcel Service in a research note on Wednesday, March 27th. Argus lowered shares of United Parcel Service from a “buy” rating to a “hold” rating in a research note on Wednesday, January 31st. Robert W. Baird raised shares of United Parcel Service from a “neutral” rating to an “outperform” rating and raised their price objective for the company from $165.00 to $170.00 in a research note on Friday, February 16th. Finally, Raymond James decreased their target price on shares of 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. One research analyst has rated the stock with a sell rating, sixteen have given a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $165.61.

Insider Buying and Selling 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 purchased at an average price of $142.30 per share, for a total transaction of $199,220.00. Following the completion of the purchase, the director now directly owns 1,400 shares of the company’s stock, valued at $199,220. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.13% of the company’s stock.

United Parcel Service Stock Performance

UPS traded down $1.14 during midday trading on Tuesday, reaching $143.71. The company had a trading volume of 2,639,492 shares, compared to its average volume of 4,300,104. United Parcel Service, Inc. has a 12-month low of $133.68 and a 12-month high of $197.80. The business has a 50-day moving average price of $149.81 and a two-hundred day moving average price of $151.49. The stock has a market cap of $122.53 billion, a PE ratio of 18.36, a P/E/G ratio of 1.68 and a beta of 1.05. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.10 and a current ratio of 1.10.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings data on Tuesday, January 30th. The transportation company reported $2.47 earnings per share for the quarter, beating the consensus estimate of $2.46 by $0.01. The business had revenue of $24.92 billion during the quarter, compared to analyst estimates 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 was down 7.8% compared to the same quarter last year. During the same period in the prior year, the company earned $3.62 earnings per share. On average, sell-side analysts expect that United Parcel Service, Inc. will post 8.21 earnings per share for the current fiscal year.

United Parcel Service Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 8th. Investors of record on Tuesday, February 20th were paid a $1.63 dividend. This is a boost from United Parcel Service’s previous quarterly dividend of $1.62. This represents a $6.52 dividend on an annualized basis and a yield of 4.54%. The ex-dividend date of this dividend was Friday, February 16th. United Parcel Service’s payout ratio is currently 83.70%.

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.