Access Investment Management LLC Has $846,000 Stock Holdings in United Parcel Service, Inc. (NYSE:UPS)

Access Investment Management LLC trimmed its position in United Parcel Service, Inc. (NYSE:UPS) by 8.0% during the fourth quarter, Holdings Channel reports. The firm owned 6,710 shares of the transportation company’s stock after selling 585 shares during the quarter. Access Investment Management LLC’s holdings in United Parcel Service were worth $846,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of the company. Principal Financial Group Inc. lifted its position in shares of United Parcel Service by 4.3% in the third quarter. Principal Financial Group Inc. now owns 829,280 shares of the transportation company’s stock valued at $113,064,000 after buying an additional 33,989 shares during the last quarter. Onyx Bridge Wealth Group LLC bought a new stake in United Parcel Service in the 4th quarter valued at $461,000. Synovus Financial Corp lifted its holdings in United Parcel Service by 8.6% during the 3rd quarter. Synovus Financial Corp now owns 87,531 shares of the transportation company’s stock valued at $11,934,000 after purchasing an additional 6,941 shares during the last quarter. Van ECK Associates Corp boosted its position in United Parcel Service by 1,061.1% during the third quarter. Van ECK Associates Corp now owns 1,772,765 shares of the transportation company’s stock worth $232,959,000 after purchasing an additional 1,620,091 shares during the period. Finally, HF Advisory Group LLC acquired a new position in shares of United Parcel Service in the fourth quarter valued at $1,305,000. 60.26% of the stock is currently owned by institutional investors and hedge funds.

United Parcel Service Stock Down 0.2 %

NYSE UPS opened at $116.35 on Friday. The business has a fifty day moving average price of $123.21 and a two-hundred day moving average price of $128.36. The stock has a market capitalization of $99.38 billion, a PE ratio of 17.21, a PEG ratio of 1.55 and a beta of 0.98. United Parcel Service, Inc. has a fifty-two week low of $109.40 and a fifty-two week high of $158.95. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.17 and a quick ratio of 1.14.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings data on Thursday, January 30th. The transportation company reported $2.75 earnings per share for the quarter, topping the consensus estimate 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 in the prior year, the company posted $2.47 earnings per share. Equities analysts expect that United Parcel Service, Inc. will post 7.95 earnings per share for the current fiscal year.

United Parcel Service Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 6th. Stockholders of record on Tuesday, February 18th will be paid a $1.64 dividend. This is an increase from United Parcel Service’s previous quarterly dividend of $1.63. This represents a $6.56 dividend on an annualized basis and a dividend yield of 5.64%. The ex-dividend date is Tuesday, February 18th. United Parcel Service’s dividend payout ratio (DPR) is presently 97.04%.

Analysts Set New Price Targets

A number of research firms have recently issued reports on UPS. Argus upgraded shares of United Parcel Service from a “hold” rating to a “buy” rating in a research note on Tuesday, November 5th. Robert W. Baird downgraded shares of United Parcel Service from an “outperform” rating to a “neutral” rating and cut their price objective for the stock from $160.00 to $130.00 in a research report on Friday, January 31st. StockNews.com raised United Parcel Service from a “hold” rating to a “buy” rating in a research report on Wednesday, November 6th. Stifel Nicolaus dropped their price target on United Parcel Service from $156.00 to $153.00 and set a “buy” rating for the company in a report on Thursday, January 23rd. Finally, Loop Capital reduced their price target on United Parcel Service from $120.00 to $115.00 and set a “hold” rating for the company in a research note on Monday, February 3rd. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $140.73.

Insider Activity at United Parcel Service

In related news, insider Norman M. Brothers, Jr. sold 7,325 shares of the firm’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $138.57, for a total transaction of $1,015,025.25. Following the sale, the insider now owns 45,098 shares of the company’s stock, valued at $6,249,229.86. This trade represents a 13.97 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.13% of the stock is currently owned by insiders.

United Parcel Service Company 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.