United Parcel Service, Inc. (NYSE:UPS) Shares Sold by Bowen Hanes & Co. Inc.

Bowen Hanes & Co. Inc. lessened its stake in United Parcel Service, Inc. (NYSE:UPS) by 5.0% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 19,121 shares of the transportation company’s stock after selling 1,015 shares during the period. Bowen Hanes & Co. Inc.’s holdings in United Parcel Service were worth $2,411,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in UPS. Impax Asset Management Group plc increased its position in United Parcel Service by 22.4% during the 3rd quarter. Impax Asset Management Group plc now owns 335,306 shares of the transportation company’s stock worth $45,716,000 after purchasing an additional 61,360 shares during the period. Ashton Thomas Securities LLC acquired a new position in United Parcel Service during the 3rd quarter worth approximately $70,000. Nations Financial Group Inc. IA ADV increased its position in United Parcel Service by 4.6% during the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 7,566 shares of the transportation company’s stock worth $1,032,000 after purchasing an additional 333 shares during the period. WCM Investment Management LLC increased its position in United Parcel Service by 333.3% during the 3rd quarter. WCM Investment Management LLC now owns 11,098 shares of the transportation company’s stock worth $1,490,000 after purchasing an additional 8,537 shares during the period. Finally, Apollon Wealth Management LLC increased its position in United Parcel Service by 23.5% during the 3rd quarter. Apollon Wealth Management LLC now owns 18,638 shares of the transportation company’s stock worth $2,541,000 after purchasing an additional 3,552 shares during the period. Institutional investors and hedge funds own 60.26% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. Robert W. Baird cut United Parcel Service from an “outperform” rating to a “neutral” rating and dropped their target price for the stock from $160.00 to $130.00 in a research report on Friday, January 31st. Wells Fargo & Company lowered their price target on United Parcel Service from $150.00 to $128.00 and set an “overweight” rating on the stock in a report on Friday, January 31st. BMO Capital Markets upgraded United Parcel Service from a “market perform” rating to an “outperform” rating and lowered their price target for the stock from $155.00 to $150.00 in a report on Tuesday, December 10th. The Goldman Sachs Group lowered their price target on United Parcel Service from $166.00 to $147.00 and set a “buy” rating on the stock in a report on Friday, January 31st. Finally, Loop Capital lowered their price target on United Parcel Service from $120.00 to $115.00 and set a “hold” rating on the stock in a report on Monday, February 3rd. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, United Parcel Service has an average rating of “Moderate Buy” and an average price target of $138.00.

United Parcel Service Trading Down 1.0 %

Shares of United Parcel Service stock opened at $115.17 on Thursday. United Parcel Service, Inc. has a fifty-two week low of $109.40 and a fifty-two week high of $158.95. The firm has a market cap of $98.37 billion, a PE ratio of 17.04, a P/E/G ratio of 1.55 and a beta of 0.94. The business’s fifty day moving average is $121.23 and its two-hundred day moving average is $127.55. The company has a quick ratio of 1.14, a current ratio of 1.17 and a debt-to-equity ratio of 1.16.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings results on Thursday, January 30th. The transportation company reported $2.75 earnings per share for the quarter, topping 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 firm posted $2.47 EPS. Analysts anticipate that United Parcel Service, Inc. will post 7.95 earnings per share for the current year.

United Parcel Service Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 6th. Shareholders of record on Tuesday, February 18th were paid a dividend of $1.64 per share. This represents a $6.56 dividend on an annualized basis and a dividend yield of 5.70%. The ex-dividend date of this dividend was Tuesday, February 18th. This is a positive change from United Parcel Service’s previous quarterly dividend of $1.63. United Parcel Service’s dividend payout ratio is currently 97.04%.

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.