Raab & Moskowitz Asset Management LLC Sells 614 Shares of United Parcel Service, Inc. (NYSE:UPS)

Raab & Moskowitz Asset Management LLC lessened its holdings in United Parcel Service, Inc. (NYSE:UPS) by 9.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,619 shares of the transportation company’s stock after selling 614 shares during the period. Raab & Moskowitz Asset Management LLC’s holdings in United Parcel Service were worth $884,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the stock. International Assets Investment Management LLC grew its position in United Parcel Service by 15,631.2% in the 4th quarter. International Assets Investment Management LLC now owns 14,502,261 shares of the transportation company’s stock worth $2,280,190,000 after purchasing an additional 14,410,073 shares in the last quarter. Wellington Management Group LLP grew its position in United Parcel Service by 31.7% in the 3rd quarter. Wellington Management Group LLP now owns 9,677,202 shares of the transportation company’s stock worth $1,508,385,000 after purchasing an additional 2,331,875 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in United Parcel Service by 4.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 15,889,570 shares of the transportation company’s stock worth $2,456,055,000 after purchasing an additional 628,944 shares in the last quarter. Envestnet Asset Management Inc. grew its position in United Parcel Service by 36.4% in the 3rd quarter. Envestnet Asset Management Inc. now owns 2,026,255 shares of the transportation company’s stock worth $315,832,000 after purchasing an additional 541,163 shares in the last quarter. Finally, American Century Companies Inc. grew its position in United Parcel Service by 28.0% in the 3rd quarter. American Century Companies Inc. now owns 2,433,087 shares of the transportation company’s stock worth $379,245,000 after purchasing an additional 532,934 shares in the last quarter. Institutional investors own 60.26% of the company’s stock.

Insiders Place Their Bets

In related news, Director Eva C. Boratto bought 1,400 shares of the business’s stock in a transaction dated Friday, February 2nd. The shares were purchased at an average price of $142.30 per share, with a total value of $199,220.00. Following the purchase, the director now owns 1,400 shares of the company’s stock, valued at approximately $199,220. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 0.13% of the company’s stock.

Analyst Upgrades and Downgrades

UPS has been the subject of a number of recent analyst reports. Susquehanna upped their price objective on shares of United Parcel Service from $150.00 to $160.00 and gave the stock a “neutral” rating in a research report on Wednesday. Bank of America upped their price objective on shares of United Parcel Service from $157.00 to $160.00 and gave the stock a “neutral” rating in a research report on Wednesday. Evercore ISI reissued an “in-line” rating and set a $154.00 target price on shares of United Parcel Service in a research report on Wednesday, March 27th. Stifel Nicolaus reduced their target price on shares of United Parcel Service from $178.00 to $170.00 and set a “buy” rating for the company in a research report on Thursday, March 28th. Finally, JPMorgan Chase & Co. reduced their target price on shares of United Parcel Service from $154.00 to $150.00 and set a “neutral” rating for the company in a research report on Tuesday, April 9th. One analyst has rated the stock with a sell rating, fourteen have given a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $165.23.

United Parcel Service Stock Performance

NYSE UPS opened at $147.59 on Friday. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.10 and a quick ratio of 1.10. United Parcel Service, Inc. has a 1 year low of $133.68 and a 1 year high of $192.98. The company’s 50 day simple moving average is $149.56 and its two-hundred day simple moving average is $150.93. The stock has a market capitalization of $125.84 billion, a PE ratio of 21.39, a P/E/G ratio of 1.69 and a beta of 1.05.

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

United Parcel Service Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 8th. Shareholders of record on Tuesday, February 20th were issued a $1.63 dividend. This represents a $6.52 dividend on an annualized basis and a yield of 4.42%. The ex-dividend date of this dividend was Friday, February 16th. This is a positive change from United Parcel Service’s previous quarterly dividend of $1.62. United Parcel Service’s dividend payout ratio (DPR) is 94.49%.

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.