Argonautica Private Wealth Management Inc. Has $2.73 Million Stock Position in United Parcel Service, Inc. (NYSE:UPS)

Argonautica Private Wealth Management Inc. reduced its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 4.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 17,343 shares of the transportation company’s stock after selling 884 shares during the quarter. United Parcel Service comprises about 1.1% of Argonautica Private Wealth Management Inc.’s portfolio, making the stock its 24th biggest position. Argonautica Private Wealth Management Inc.’s holdings in United Parcel Service were worth $2,727,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. International Assets Investment Management LLC grew its holdings in shares of United Parcel Service by 15,631.2% in the fourth quarter. International Assets Investment Management LLC now owns 14,502,261 shares of the transportation company’s stock valued at $2,280,190,000 after acquiring an additional 14,410,073 shares in the last quarter. Wellington Management Group LLP boosted 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 period. Charles Schwab Investment Management Inc. boosted its holdings in shares of United Parcel Service by 4.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 15,889,570 shares of the transportation company’s stock worth $2,456,055,000 after acquiring an additional 628,944 shares during the period. Envestnet Asset Management Inc. boosted its holdings in shares of United Parcel Service by 36.4% in the third quarter. Envestnet Asset Management Inc. now owns 2,026,255 shares of the transportation company’s stock worth $315,832,000 after acquiring an additional 541,163 shares during the period. Finally, American Century Companies Inc. boosted its holdings in shares of United Parcel Service by 28.0% in the third quarter. American Century Companies Inc. now owns 2,433,087 shares of the transportation company’s stock worth $379,245,000 after acquiring an additional 532,934 shares during the period. 60.26% of the stock is owned by institutional investors and hedge funds.

United Parcel Service Stock Performance

Shares of NYSE UPS traded up $0.20 during midday trading on Friday, hitting $147.59. 2,607,558 shares of the stock traded hands, compared to its average volume of 3,897,331. The firm has a 50-day moving average of $149.56 and a two-hundred day moving average of $150.96. The firm has a market capitalization of $125.84 billion, a P/E ratio of 21.38, a PEG ratio of 1.69 and a beta of 1.05. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.10 and a current ratio of 1.10. United Parcel Service, Inc. has a one year low of $133.68 and a one year high of $192.98.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings results on Tuesday, April 23rd. The transportation company reported $1.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.33 by $0.10. The business had revenue of $21.70 billion during the quarter, compared to analyst estimates of $21.84 billion. United Parcel Service had a return on equity of 37.42% and a net margin of 6.60%. United Parcel Service’s revenue for the quarter was down 5.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.20 EPS. On average, equities analysts forecast that United Parcel Service, Inc. will post 8.22 EPS 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. Stockholders of record on Tuesday, February 20th were given a dividend of $1.63 per share. This is a positive change from United Parcel Service’s previous quarterly dividend of $1.62. The ex-dividend date of this dividend was Friday, February 16th. This represents a $6.52 dividend on an annualized basis and a dividend yield of 4.42%. United Parcel Service’s dividend payout ratio (DPR) is presently 94.49%.

Insider Activity

In other news, Director Eva C. Boratto acquired 1,400 shares of the business’s 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 transaction, the director now directly owns 1,400 shares in the company, valued at approximately $199,220. The acquisition was disclosed in a filing with the SEC, which is available through this link. Company insiders own 0.13% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on UPS shares. TD Cowen cut their price target on United Parcel Service from $147.00 to $140.00 and set a “hold” rating for the company in a report on Thursday, March 28th. TheStreet upgraded United Parcel Service from a “c” rating to a “b-” rating in a research report on Tuesday, January 30th. Raymond James lowered their price target on United Parcel Service from $185.00 to $175.00 and set a “strong-buy” rating on the stock in a research report on Wednesday, January 31st. Argus cut United Parcel Service from a “buy” rating to a “hold” rating in a research note on Wednesday, January 31st. Finally, JPMorgan Chase & Co. reduced their price objective on United Parcel Service from $154.00 to $150.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 9th. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, United Parcel Service has a consensus rating of “Hold” and an average target price of $165.23.

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.