United Parcel Service, Inc. (NYSE:UPS) Holdings Decreased by CFO4Life Group LLC

CFO4Life Group LLC decreased its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 1.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 316,288 shares of the transportation company’s stock after selling 3,759 shares during the quarter. United Parcel Service accounts for approximately 7.0% of CFO4Life Group LLC’s holdings, making the stock its 2nd biggest position. CFO4Life Group LLC’s holdings in United Parcel Service were worth $39,884,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of UPS. Balboa Wealth Partners grew its stake in United Parcel Service by 3.1% in the fourth quarter. Balboa Wealth Partners now owns 7,145 shares of the transportation company’s stock valued at $901,000 after purchasing an additional 214 shares in the last quarter. 1776 Wealth LLC purchased a new position in United Parcel Service in the fourth quarter valued at about $353,000. Skandinaviska Enskilda Banken AB publ grew its stake in United Parcel Service by 0.6% in the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 149,830 shares of the transportation company’s stock valued at $18,777,000 after purchasing an additional 925 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new position in United Parcel Service in the fourth quarter valued at about $15,795,000. Finally, Rakuten Securities Inc. grew its stake in United Parcel Service by 52.8% in the fourth quarter. Rakuten Securities Inc. now owns 767 shares of the transportation company’s stock valued at $97,000 after purchasing an additional 265 shares in the last quarter. Hedge funds and other institutional investors own 60.26% of the company’s stock.

United Parcel Service Price Performance

Shares of NYSE:UPS opened at $115.17 on Thursday. The business has a 50 day moving average price of $121.23 and a 200 day moving average price of $127.55. United Parcel Service, Inc. has a twelve month low of $109.40 and a twelve month high of $158.95. The company has a market cap of $98.37 billion, a price-to-earnings ratio of 17.04, a PEG ratio of 1.55 and a beta of 0.94. 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 announced its quarterly earnings data on Thursday, January 30th. The transportation company reported $2.75 EPS 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 period in the prior year, the company posted $2.47 earnings per share. Research analysts predict that United Parcel Service, Inc. will post 7.95 earnings per share for the current year.

United Parcel Service Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 6th. Shareholders of record on Tuesday, February 18th were given a $1.64 dividend. The ex-dividend date was Tuesday, February 18th. This represents a $6.56 dividend on an annualized basis and a dividend yield of 5.70%. This is an increase from United Parcel Service’s previous quarterly dividend of $1.63. United Parcel Service’s dividend payout ratio (DPR) is currently 97.04%.

Analyst Ratings Changes

A number of research analysts have commented on UPS shares. Baird R W downgraded United Parcel Service from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 31st. Deutsche Bank Aktiengesellschaft started coverage on United Parcel Service in a research note on Friday, March 7th. They issued a “hold” rating and a $119.00 target price on the stock. BMO Capital Markets upgraded United Parcel Service from a “market perform” rating to an “outperform” rating and lowered their target price for the company from $155.00 to $150.00 in a research note on Tuesday, December 10th. StockNews.com raised United Parcel Service from a “hold” rating to a “buy” rating in a research report on Wednesday, March 5th. Finally, UBS Group reduced their price target on United Parcel Service from $170.00 to $141.00 and set a “buy” rating for the company in a research report on Friday, January 31st. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $138.00.

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.