Capital Asset Advisory Services LLC Sells 455 Shares of United Parcel Service, Inc. (NYSE:UPS)

Capital Asset Advisory Services LLC cut its holdings in United Parcel Service, Inc. (NYSE:UPSFree Report) by 7.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,731 shares of the transportation company’s stock after selling 455 shares during the period. Capital Asset Advisory Services LLC’s holdings in United Parcel Service were worth $901,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the stock. Perkins Coie Trust Co raised its holdings in United Parcel Service by 3.6% in the 4th quarter. Perkins Coie Trust Co now owns 20,236 shares of the transportation company’s stock worth $3,182,000 after acquiring an additional 698 shares during the period. Elevated Capital Advisors LLC grew its holdings in United Parcel Service by 17.9% in the 4th quarter. Elevated Capital Advisors LLC now owns 3,143 shares of the transportation company’s stock valued at $494,000 after buying an additional 477 shares during the last quarter. Hamlin Capital Management LLC increased its position in United Parcel Service by 17.5% in the 4th quarter. Hamlin Capital Management LLC now owns 630,854 shares of the transportation company’s stock worth $99,189,000 after buying an additional 94,177 shares during the period. Southland Equity Partners LLC lifted its holdings in shares of United Parcel Service by 5.4% during the fourth quarter. Southland Equity Partners LLC now owns 1,731 shares of the transportation company’s stock worth $272,000 after buying an additional 89 shares during the last quarter. Finally, Beacon Capital Management LLC boosted its position in shares of United Parcel Service by 13.9% in the fourth quarter. Beacon Capital Management LLC now owns 1,113 shares of the transportation company’s stock valued at $173,000 after acquiring an additional 136 shares during the period. 58.45% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other United Parcel Service news, Director Eva C. Boratto bought 1,400 shares of United Parcel Service stock in a transaction dated Friday, February 2nd. The stock was bought at an average cost of $142.30 per share, for a total transaction 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 purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.12% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. JPMorgan Chase & Co. lowered their price target on shares of United Parcel Service from $165.00 to $156.00 and set a “neutral” rating on the stock in a report on Thursday, December 21st. Susquehanna dropped their price target on United Parcel Service from $155.00 to $150.00 and set a “neutral” rating for the company in a report on Wednesday, January 31st. UBS Group upgraded shares of United Parcel Service from a “neutral” rating to a “buy” rating and upped their price target for the stock from $160.00 to $175.00 in a research report on Tuesday, February 6th. Robert W. Baird upgraded shares of United Parcel Service from a “neutral” rating to an “outperform” rating and upped their target price for the stock from $165.00 to $170.00 in a research report on Friday, February 16th. Finally, Daiwa Capital Markets cut shares of United Parcel Service from an “outperform” rating to a “neutral” rating and set a $155.00 price objective for the company. in a research report on Tuesday, December 26th. Sixteen research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $176.95.

Read Our Latest Stock Report on UPS

United Parcel Service Stock Performance

Shares of United Parcel Service stock opened at $153.37 on Friday. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.10 and a quick ratio of 1.10. The firm has a market cap of $130.77 billion, a price-to-earnings ratio of 19.69, a price-to-earnings-growth ratio of 1.97 and a beta of 1.05. United Parcel Service, Inc. has a one year low of $133.68 and a one year high of $197.80. The stock’s 50-day moving average is $151.60 and its 200-day moving average is $153.00.

United Parcel Service (NYSE:UPSGet Free Report) last issued its quarterly earnings results on Tuesday, January 30th. The transportation company reported $2.47 EPS for the quarter, topping the consensus estimate of $2.46 by $0.01. United Parcel Service had a net margin of 7.37% and a return on equity of 39.46%. The firm had revenue of $24.92 billion for the quarter, compared to analysts’ expectations of $25.40 billion. During the same period in the previous year, the firm posted $3.62 EPS. The company’s revenue for the quarter was down 7.8% on a year-over-year basis. Equities analysts predict that United Parcel Service, Inc. will post 8.27 earnings per share for the current fiscal year.

United Parcel Service Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 8th. Investors of record on Tuesday, February 20th were issued a dividend of $1.63 per share. This represents a $6.52 dividend on an annualized basis and a yield of 4.25%. This is an increase from United Parcel Service’s previous quarterly dividend of $1.62. The ex-dividend date was Friday, February 16th. United Parcel Service’s payout ratio is presently 83.70%.

About United Parcel Service

(Free Report)

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.

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Institutional Ownership by Quarter for United Parcel Service (NYSE:UPS)

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