Wambolt & Associates LLC Has $5.76 Million Holdings in United Parcel Service, Inc. (NYSE:UPS)

Wambolt & Associates LLC decreased its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 1.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 45,637 shares of the transportation company’s stock after selling 553 shares during the quarter. United Parcel Service comprises approximately 1.8% of Wambolt & Associates LLC’s investment portfolio, making the stock its 10th biggest holding. Wambolt & Associates LLC’s holdings in United Parcel Service were worth $5,755,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Mitsubishi UFJ Trust & Banking Corp raised its stake in United Parcel Service by 16.6% in the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 423,026 shares of the transportation company’s stock valued at $53,344,000 after acquiring an additional 60,102 shares during the period. Meiji Yasuda Asset Management Co Ltd. lifted its position in shares of United Parcel Service by 2.4% in the 4th quarter. Meiji Yasuda Asset Management Co Ltd. now owns 25,933 shares of the transportation company’s stock worth $3,270,000 after purchasing an additional 620 shares during the period. Zions Bancorporation N.A. increased its position in United Parcel Service by 4.7% in the 4th quarter. Zions Bancorporation N.A. now owns 27,705 shares of the transportation company’s stock valued at $3,494,000 after buying an additional 1,246 shares in the last quarter. Modern Wealth Management LLC lifted its holdings in United Parcel Service by 85.8% during the fourth quarter. Modern Wealth Management LLC now owns 11,763 shares of the transportation company’s stock worth $1,483,000 after acquiring an additional 5,431 shares during the period. Finally, EntryPoint Capital LLC bought a new position in shares of United Parcel Service in the fourth quarter worth $794,000. 60.26% of the stock is owned by institutional investors.

United Parcel Service Stock Up 0.7 %

United Parcel Service stock opened at $115.88 on Tuesday. The company has a market capitalization of $98.98 billion, a P/E ratio of 17.14, a PEG ratio of 1.55 and a beta of 0.94. 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, Inc. has a fifty-two week low of $109.40 and a fifty-two week high of $157.99. The stock has a 50-day simple moving average of $119.95 and a 200-day simple moving average of $126.92.

United Parcel Service (NYSE:UPS) last announced its earnings results on Thursday, January 30th. The transportation company reported $2.75 EPS for the quarter, beating 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 previous year, the business posted $2.47 EPS. Equities research analysts expect that United Parcel Service, Inc. will post 7.95 earnings per share for the current year.

United Parcel Service Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 6th. Investors of record on Tuesday, February 18th were issued a dividend of $1.64 per share. This is a boost from United Parcel Service’s previous quarterly dividend of $1.63. This represents a $6.56 annualized dividend and a yield of 5.66%. The ex-dividend date of this dividend was Tuesday, February 18th. United Parcel Service’s dividend payout ratio is currently 97.04%.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on UPS shares. Robert W. Baird cut shares of United Parcel Service from an “outperform” rating to a “neutral” rating and dropped their price target for the company from $160.00 to $130.00 in a research report on Friday, January 31st. Susquehanna cut their price target on United Parcel Service from $140.00 to $130.00 and set a “neutral” rating for the company in a research note on Friday, January 31st. StockNews.com upgraded shares of United Parcel Service from a “hold” rating to a “buy” rating in a research report on Wednesday, March 5th. Loop Capital decreased their price target on shares of United Parcel Service from $120.00 to $115.00 and set a “hold” rating on the stock in a research report on Monday, February 3rd. Finally, Stifel Nicolaus cut their price objective 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. Two analysts have rated the stock with a sell rating, nine have issued a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $138.09.

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.