Fusion Capital LLC Sells 5,392 Shares of United Parcel Service, Inc. (NYSE:UPS)

Fusion Capital LLC trimmed its stake in United Parcel Service, Inc. (NYSE:UPS) by 13.3% during the fourth quarter, Holdings Channel reports. The fund owned 35,184 shares of the transportation company’s stock after selling 5,392 shares during the quarter. United Parcel Service accounts for 1.8% of Fusion Capital LLC’s holdings, making the stock its 22nd largest position. Fusion Capital LLC’s holdings in United Parcel Service were worth $4,437,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in UPS. Cigna Investments Inc. New grew its stake in United Parcel Service by 1.0% during the third quarter. Cigna Investments Inc. New now owns 7,508 shares of the transportation company’s stock worth $1,024,000 after buying an additional 75 shares in the last quarter. Pacific Sage Partners LLC boosted its position in shares of United Parcel Service by 4.8% during the 4th quarter. Pacific Sage Partners LLC now owns 1,677 shares of the transportation company’s stock worth $212,000 after acquiring an additional 77 shares in the last quarter. Banco Santander S.A. increased its stake in United Parcel Service by 0.6% in the third quarter. Banco Santander S.A. now owns 12,596 shares of the transportation company’s stock valued at $1,717,000 after acquiring an additional 79 shares during the last quarter. Quent Capital LLC raised its position in United Parcel Service by 16.7% during the fourth quarter. Quent Capital LLC now owns 558 shares of the transportation company’s stock valued at $70,000 after purchasing an additional 80 shares in the last quarter. Finally, Tradewinds LLC. lifted its stake in United Parcel Service by 1.8% during the third quarter. Tradewinds LLC. now owns 4,487 shares of the transportation company’s stock worth $612,000 after purchasing an additional 81 shares during the last quarter. Institutional investors own 60.26% of the company’s stock.

United Parcel Service Trading Up 0.6 %

NYSE UPS opened at $117.61 on Friday. United Parcel Service, Inc. has a one year low of $109.40 and a one year 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. The business has a 50 day simple moving average of $122.54 and a 200 day simple moving average of $128.11. The stock has a market capitalization of $100.46 billion, a P/E ratio of 17.40, a P/E/G ratio of 1.55 and a beta of 0.98.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings results 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 net margin of 6.35% and a return on equity of 39.13%. During the same period in the previous year, the business earned $2.47 earnings per share. Research analysts expect 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 will be paid on Thursday, March 6th. Shareholders of record on Tuesday, February 18th will be paid a $1.64 dividend. This represents a $6.56 dividend on an annualized basis and a yield of 5.58%. The ex-dividend date of this dividend is Tuesday, February 18th. This is a boost from United Parcel Service’s previous quarterly dividend of $1.63. United Parcel Service’s dividend payout ratio (DPR) is 97.04%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on UPS shares. Citigroup decreased their price target on United Parcel Service from $158.00 to $149.00 and set a “buy” rating on the stock in a research note on Friday, January 31st. Wells Fargo & Company decreased their target price on United Parcel Service from $150.00 to $128.00 and set an “overweight” rating on the stock in a research report on Friday, January 31st. StockNews.com cut shares of United Parcel Service from a “buy” rating to a “hold” rating in a report on Tuesday. UBS Group decreased their price target on shares of United Parcel Service from $170.00 to $141.00 and set a “buy” rating on the stock in a report on Friday, January 31st. Finally, BMO Capital Markets raised shares of United Parcel Service from a “market perform” rating to an “outperform” rating and dropped their price objective for the company from $155.00 to $150.00 in a research note on Tuesday, December 10th. Two analysts have rated the stock with a sell rating, nine have given a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $140.73.

About United Parcel Service

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.