Summit Investment Advisors Inc. Sells 248 Shares of United Parcel Service, Inc. (NYSE:UPS)

Summit Investment Advisors Inc. decreased its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 3.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,339 shares of the transportation company’s stock after selling 248 shares during the quarter. Summit Investment Advisors Inc.’s holdings in United Parcel Service were worth $925,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Diamant Asset Management Inc. raised its position in United Parcel Service by 2.8% during the 3rd quarter. Diamant Asset Management Inc. now owns 4,060 shares of the transportation company’s stock valued at $554,000 after purchasing an additional 110 shares in the last quarter. Te Ahumairangi Investment Management Ltd raised its holdings in shares of United Parcel Service by 12.2% in the third quarter. Te Ahumairangi Investment Management Ltd now owns 17,236 shares of the transportation company’s stock valued at $2,337,000 after acquiring an additional 1,880 shares in the last quarter. Eaton Financial Holdings Company LLC purchased a new stake in United Parcel Service in the third quarter worth about $1,021,000. Pine Valley Investments Ltd Liability Co grew its holdings in United Parcel Service by 25.9% during the 3rd quarter. Pine Valley Investments Ltd Liability Co now owns 26,457 shares of the transportation company’s stock worth $3,607,000 after acquiring an additional 5,444 shares in the last quarter. Finally, World Investment Advisors LLC increased its position in United Parcel Service by 79.6% during the 3rd quarter. World Investment Advisors LLC now owns 17,675 shares of the transportation company’s stock valued at $2,410,000 after purchasing an additional 7,836 shares during the period. 60.26% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Stifel Nicolaus reduced their target price on shares of United Parcel Service from $156.00 to $153.00 and set a “buy” rating for the company in a report on Thursday, January 23rd. The Goldman Sachs Group dropped their price target on United Parcel Service from $166.00 to $147.00 and set a “buy” rating on the stock in a research note on Friday, January 31st. JPMorgan Chase & Co. decreased their price objective on shares of United Parcel Service from $120.00 to $115.00 and set a “neutral” rating for the company in a research report on Monday, April 7th. Galvan Research dropped their target price on shares of United Parcel Service from $147.00 to $133.00 and set a “buy” rating on the stock in a research report on Wednesday, April 9th. Finally, Loop Capital decreased their price target on shares of United Parcel Service from $120.00 to $115.00 and set a “hold” rating for the company in a report on Monday, February 3rd. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $129.70.

United Parcel Service Stock Performance

Shares of United Parcel Service stock opened at $96.34 on Friday. United Parcel Service, Inc. has a one year low of $90.55 and a one year high of $153.42. The business has a 50-day simple moving average of $110.76 and a 200-day simple moving average of $122.99. The company has a market cap of $82.29 billion, a PE ratio of 14.25, a P/E/G ratio of 1.55 and a beta of 1.10. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.14 and a current ratio of 1.17.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings results on Thursday, January 30th. The transportation company reported $2.75 EPS for the quarter, topping the consensus estimate 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 quarter last year, the company posted $2.47 EPS. On average, equities research analysts forecast that United Parcel Service, Inc. will post 7.95 EPS for the current fiscal year.

United Parcel Service Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 6th. Stockholders of record on Tuesday, February 18th were paid a dividend of $1.64 per share. This represents a $6.56 annualized dividend and a dividend yield of 6.81%. The ex-dividend date was 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 is 97.04%.

United Parcel Service 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.