Lincoln National Corp Cuts Stake in United Parcel Service, Inc. (NYSE:UPS)

Lincoln National Corp decreased its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 1.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 14,936 shares of the transportation company’s stock after selling 253 shares during the quarter. Lincoln National Corp’s holdings in United Parcel Service were worth $2,348,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. OFI Invest Asset Management acquired a new stake in United Parcel Service in the third quarter valued at approximately $25,000. Tennessee Valley Asset Management Partners acquired a new stake in shares of United Parcel Service in the 4th quarter valued at $26,000. Life Planning Partners Inc purchased a new stake in shares of United Parcel Service during the 4th quarter worth $28,000. Bourgeon Capital Management LLC purchased a new position in United Parcel Service in the fourth quarter valued at $31,000. Finally, VisionPoint Advisory Group LLC lifted its holdings in United Parcel Service by 69.5% during the 3rd quarter. VisionPoint Advisory Group LLC now owns 239 shares of the transportation company’s stock worth $37,000 after buying an additional 98 shares during the last quarter. Institutional investors and hedge funds own 60.26% of the company’s stock.

United Parcel Service Price Performance

Shares of NYSE:UPS traded down $0.93 during trading on Wednesday, reaching $146.16. The stock had a trading volume of 474,500 shares, compared to its average volume of 4,141,640. The business’s 50-day moving average price is $149.35 and its 200 day moving average price is $150.53. The stock has a market capitalization of $124.62 billion, a PE ratio of 21.16, a P/E/G ratio of 1.68 and a beta of 1.05. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.10 and a quick ratio of 1.04. United Parcel Service, Inc. has a 52 week low of $133.68 and a 52 week high of $192.98.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings data on Tuesday, April 23rd. The transportation company reported $1.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.33 by $0.10. The firm had revenue of $21.70 billion for the quarter, compared to analysts’ expectations of $21.84 billion. United Parcel Service had a net margin of 6.60% and a return on equity of 37.42%. The business’s revenue for the quarter was down 5.3% on a year-over-year basis. During the same period last year, the firm earned $2.20 earnings per share. As a group, equities analysts predict that United Parcel Service, Inc. will post 8.23 earnings per share for the current year.

United Parcel Service Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 30th. Shareholders of record on Monday, May 13th will be issued a dividend of $1.63 per share. This represents a $6.52 dividend on an annualized basis and a yield of 4.46%. The ex-dividend date of this dividend is Friday, May 10th. United Parcel Service’s dividend payout ratio (DPR) is presently 94.49%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. Robert W. Baird raised shares of United Parcel Service from a “neutral” rating to an “outperform” rating and raised their price objective for the stock from $165.00 to $170.00 in a report on Friday, February 16th. BMO Capital Markets raised their price objective on United Parcel Service from $165.00 to $169.00 and gave the stock a “market perform” rating in a report on Wednesday, April 24th. TheStreet raised United Parcel Service from a “c” rating to a “b-” rating in a report on Tuesday, January 30th. UBS Group upgraded United Parcel Service from a “neutral” rating to a “buy” rating and raised their price target for the stock from $160.00 to $175.00 in a research note on Tuesday, February 6th. Finally, Morgan Stanley increased their price objective on United Parcel Service from $95.00 to $100.00 and gave the company an “underweight” rating in a report on Wednesday, March 27th. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $165.23.

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.