United Parcel Service, Inc. (NYSE:UPS) Shares Sold by Paragon Private Wealth Management LLC

Paragon Private Wealth Management LLC reduced its holdings in United Parcel Service, Inc. (NYSE:UPS) by 22.9% during the 4th quarter, Holdings Channel reports. The fund owned 3,047 shares of the transportation company’s stock after selling 904 shares during the quarter. Paragon Private Wealth Management LLC’s holdings in United Parcel Service were worth $384,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently added to or reduced their stakes in the business. Impax Asset Management Group plc increased its position in shares of United Parcel Service by 22.4% during the 3rd quarter. Impax Asset Management Group plc now owns 335,306 shares of the transportation company’s stock valued at $45,716,000 after purchasing an additional 61,360 shares during the period. Capital Performance Advisors LLP acquired a new position in shares of United Parcel Service during the 3rd quarter valued at $54,000. Leavell Investment Management Inc. increased its position in shares of United Parcel Service by 176.9% during the 3rd quarter. Leavell Investment Management Inc. now owns 5,948 shares of the transportation company’s stock valued at $811,000 after purchasing an additional 3,800 shares during the period. Equitable Trust Co. increased its position in shares of United Parcel Service by 5.9% during the 3rd quarter. Equitable Trust Co. now owns 4,932 shares of the transportation company’s stock valued at $672,000 after purchasing an additional 276 shares during the period. Finally, Assetmark Inc. increased its position in shares of United Parcel Service by 6.7% during the 3rd quarter. Assetmark Inc. now owns 80,886 shares of the transportation company’s stock valued at $11,028,000 after purchasing an additional 5,068 shares during the period. 60.26% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Raymond James lowered their price target on United Parcel Service from $155.00 to $145.00 and set a “strong-buy” rating on the stock in a research report on Friday, January 31st. UBS Group reduced their price objective on United Parcel Service from $170.00 to $141.00 and set a “buy” rating for the company in a research note on Friday, January 31st. Loop Capital reduced their price objective 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. Baird R W lowered United Parcel Service from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 31st. Finally, Wells Fargo & Company reduced their price objective on United Parcel Service from $150.00 to $128.00 and set an “overweight” rating for the company in a research note 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, the company currently has a consensus rating of “Moderate Buy” and an average target price of $138.00.

United Parcel Service Price Performance

UPS opened at $121.59 on Monday. The stock has a market cap of $103.85 billion, a price-to-earnings ratio of 17.99, a PEG ratio of 1.55 and a beta of 0.94. United Parcel Service, Inc. has a 1 year low of $109.40 and a 1 year high of $158.95. The company has a current ratio of 1.17, a quick ratio of 1.14 and a debt-to-equity ratio of 1.16. The stock has a fifty day moving average price of $121.73 and a 200 day moving average price of $127.77.

United Parcel Service (NYSE:UPS) last released its quarterly earnings data on Thursday, January 30th. The transportation company reported $2.75 earnings per share (EPS) for the quarter, beating 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 quarter in the previous year, the business earned $2.47 earnings per share. Analysts forecast that United Parcel Service, Inc. will post 7.95 EPS for the current fiscal year.

United Parcel Service Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 6th. Investors of record on Tuesday, February 18th were given a dividend of $1.64 per share. This is a boost from United Parcel Service’s previous quarterly dividend of $1.63. The ex-dividend date was Tuesday, February 18th. This represents a $6.56 dividend on an annualized basis and a yield of 5.40%. United Parcel Service’s dividend payout ratio (DPR) is presently 97.04%.

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.