Wrapmanager Inc. Sells 380 Shares of United Parcel Service, Inc. (NYSE:UPS)

Wrapmanager Inc. trimmed its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 12.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,697 shares of the transportation company’s stock after selling 380 shares during the quarter. Wrapmanager Inc.’s holdings in United Parcel Service were worth $340,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of UPS. State Street Corp grew its stake in shares of United Parcel Service by 2.1% in the 3rd quarter. State Street Corp now owns 29,597,425 shares of the transportation company’s stock valued at $4,035,313,000 after buying an additional 613,409 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in shares of United Parcel Service by 6.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 21,927,607 shares of the transportation company’s stock valued at $2,989,609,000 after purchasing an additional 1,320,921 shares during the last quarter. Geode Capital Management LLC boosted its position in United Parcel Service by 2.5% in the third quarter. Geode Capital Management LLC now owns 15,289,624 shares of the transportation company’s stock worth $2,080,170,000 after purchasing an additional 373,202 shares during the last quarter. FMR LLC increased its stake in shares of United Parcel Service by 3.7% during the 3rd quarter. FMR LLC now owns 10,627,550 shares of the transportation company’s stock worth $1,448,960,000 after purchasing an additional 380,229 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in United Parcel Service by 6.7% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,639,272 shares of the transportation company’s stock worth $632,518,000 after acquiring an additional 292,777 shares during the last quarter. Institutional investors and hedge funds own 60.26% of the company’s stock.

Wall Street Analysts Forecast Growth

UPS has been the subject of several analyst reports. Raymond James cut their price target on shares of United Parcel Service from $155.00 to $145.00 and set a “strong-buy” rating for the company in a report on Friday, January 31st. StockNews.com upgraded United Parcel Service from a “hold” rating to a “buy” rating in a report on Wednesday, November 6th. Wolfe Research upgraded shares of United Parcel Service from a “peer perform” rating to an “outperform” rating and set a $147.00 price objective on the stock in a research report on Wednesday, January 8th. Morgan Stanley dropped their price target on United Parcel Service from $100.00 to $82.00 and set an “underweight” rating for the company in a research note on Friday, January 31st. Finally, Wells Fargo & Company reduced their target price on United Parcel Service from $150.00 to $128.00 and set an “overweight” rating on the stock in a report on Friday, January 31st. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $140.73.

United Parcel Service Stock Down 0.3 %

UPS opened at $116.00 on Tuesday. The firm has a 50 day moving average price of $122.96 and a 200-day moving average price of $128.32. The stock has a market capitalization of $99.08 billion, a price-to-earnings ratio of 17.16, a PEG ratio of 1.55 and a beta of 0.98. The company has a quick ratio of 1.14, a current ratio of 1.17 and a debt-to-equity ratio of 1.16. United Parcel Service, Inc. has a twelve month low of $109.40 and a twelve month high of $158.95.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings data on Thursday, January 30th. The transportation company reported $2.75 earnings per share (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 prior year, the business earned $2.47 EPS. Equities research analysts forecast that United Parcel Service, Inc. will post 7.95 earnings per share for the current year.

United Parcel Service Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 6th. Shareholders of record on Tuesday, February 18th will be issued a dividend of $1.64 per share. 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. This represents a $6.56 dividend on an annualized basis and a yield of 5.66%. United Parcel Service’s dividend payout ratio (DPR) is currently 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.