United Parcel Service, Inc. (NYSE:UPS) Stock Position Reduced by Pitcairn Co.

Pitcairn Co. decreased its stake in United Parcel Service, Inc. (NYSE:UPS) by 4.1% in the fourth quarter, Holdings Channel reports. The institutional investor owned 22,046 shares of the transportation company’s stock after selling 934 shares during the quarter. Pitcairn Co.’s holdings in United Parcel Service were worth $2,780,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the stock. IMG Wealth Management Inc. purchased a new stake in shares of United Parcel Service during the fourth quarter worth $25,000. Generali Investments Management Co LLC bought a new stake in shares of United Parcel Service in the 4th quarter valued at approximately $26,000. IFS Advisors LLC increased its holdings in United Parcel Service by 232.3% in the fourth quarter. IFS Advisors LLC now owns 216 shares of the transportation company’s stock worth $27,000 after buying an additional 151 shares during the last quarter. Runnymede Capital Advisors Inc. bought a new position in United Parcel Service during the fourth quarter valued at approximately $30,000. Finally, Whipplewood Advisors LLC acquired a new stake in shares of United Parcel Service in the 4th quarter valued at $34,000. Institutional investors and hedge funds own 60.26% of the company’s stock.

Wall Street Analysts Forecast Growth

UPS has been the subject of a number of analyst reports. Morgan Stanley reduced their price target on United Parcel Service from $100.00 to $82.00 and set an “underweight” rating for the company in a research report on Friday, January 31st. Robert W. Baird cut United Parcel Service from an “outperform” rating to a “neutral” rating and decreased their target price for the stock from $160.00 to $130.00 in a research report on Friday, January 31st. StockNews.com raised shares of United Parcel Service from a “hold” rating to a “buy” rating in a research report on Wednesday, March 5th. BMO Capital Markets raised shares of United Parcel Service from a “market perform” rating to an “outperform” rating and decreased their price objective for the stock from $155.00 to $150.00 in a report on Tuesday, December 10th. Finally, Stifel Nicolaus dropped their target price on shares of United Parcel Service from $156.00 to $153.00 and set a “buy” rating on the stock in a report on Thursday, January 23rd. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $135.83.

United Parcel Service Stock Performance

NYSE UPS opened at $110.16 on Thursday. United Parcel Service, Inc. has a twelve month low of $107.37 and a twelve month high of $154.29. The company has a quick ratio of 1.14, a current ratio of 1.17 and a debt-to-equity ratio of 1.16. The stock has a market cap of $94.10 billion, a P/E ratio of 16.30, a PEG ratio of 1.55 and a beta of 0.94. The company’s 50-day simple moving average is $117.20 and its 200 day simple moving average is $126.04.

United Parcel Service (NYSE:UPS) last released its quarterly earnings data on Thursday, January 30th. The transportation company reported $2.75 earnings per share for the quarter, beating 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 period last year, the company posted $2.47 EPS. As a group, research analysts forecast 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 disclosed a quarterly dividend, which was paid on Thursday, March 6th. Shareholders of record on Tuesday, February 18th were issued a dividend of $1.64 per share. The ex-dividend date was Tuesday, February 18th. This is a boost 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 5.95%. United Parcel Service’s dividend payout ratio (DPR) is presently 97.04%.

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.