Commonwealth Retirement Investments LLC Sells 2,421 Shares of United Parcel Service, Inc. (NYSE:UPS)

Commonwealth Retirement Investments LLC lessened its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 7.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 28,420 shares of the transportation company’s stock after selling 2,421 shares during the quarter. United Parcel Service makes up about 1.5% of Commonwealth Retirement Investments LLC’s portfolio, making the stock its 19th biggest position. Commonwealth Retirement Investments LLC’s holdings in United Parcel Service were worth $3,584,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of UPS. IFS Advisors LLC boosted its position in shares of United Parcel Service by 232.3% in the 4th quarter. IFS Advisors LLC now owns 216 shares of the transportation company’s stock worth $27,000 after purchasing an additional 151 shares in the last quarter. True Wealth Design LLC boosted its position in shares of United Parcel Service by 397.7% in the 3rd quarter. True Wealth Design LLC now owns 214 shares of the transportation company’s stock worth $29,000 after purchasing an additional 171 shares in the last quarter. Princeton Global Asset Management LLC boosted its position in shares of United Parcel Service by 720.0% in the 3rd quarter. Princeton Global Asset Management LLC now owns 246 shares of the transportation company’s stock worth $34,000 after purchasing an additional 216 shares in the last quarter. FSA Wealth Management LLC acquired a new stake in shares of United Parcel Service in the 3rd quarter worth $36,000. Finally, Sugar Maple Asset Management LLC acquired a new stake in shares of United Parcel Service in the 4th quarter worth $38,000. Institutional investors own 60.26% of the company’s stock.

United Parcel Service Stock Performance

NYSE UPS opened at $116.00 on Tuesday. The stock has a 50-day simple moving average of $122.96 and a two-hundred day simple moving average of $128.32. The firm has a market capitalization of $99.08 billion, a P/E ratio of 17.16, a PEG ratio of 1.55 and a beta of 0.98. United Parcel Service, Inc. has a fifty-two week low of $109.40 and a fifty-two week high of $158.95. 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 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 firm posted $2.47 earnings per share. On average, equities 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. Investors of record on Tuesday, February 18th will be paid a $1.64 dividend. This represents a $6.56 annualized dividend and a dividend yield of 5.66%. The ex-dividend date of this dividend is Tuesday, February 18th. This is a positive change from United Parcel Service’s previous quarterly dividend of $1.63. United Parcel Service’s payout ratio is currently 97.04%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. Robert W. Baird cut United Parcel Service from an “outperform” rating to a “neutral” rating and lowered their price objective for the stock from $160.00 to $130.00 in a research report on Friday, January 31st. Raymond James lowered their price objective on United Parcel Service from $155.00 to $145.00 and set a “strong-buy” rating for the company in a research report on Friday, January 31st. Morgan Stanley lowered 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. UBS Group lowered their price target on United Parcel Service from $170.00 to $141.00 and set a “buy” rating for the company in a research report on Friday, January 31st. Finally, Bank of America lowered their price target on United Parcel Service from $150.00 to $133.00 and set a “buy” rating for the company in a research report on Friday, January 31st. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, United Parcel Service presently has an average rating of “Moderate Buy” and an average price target 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.