United Parcel Service, Inc. (NYSE:UPS) Stake Lessened by Marco Investment Management LLC

Marco Investment Management LLC cut its stake in United Parcel Service, Inc. (NYSE:UPS) by 0.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 108,802 shares of the transportation company’s stock after selling 159 shares during the period. United Parcel Service makes up approximately 1.8% of Marco Investment Management LLC’s investment portfolio, making the stock its 15th biggest position. Marco Investment Management LLC’s holdings in United Parcel Service were worth $17,107,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Silver Oak Securities Incorporated bought a new position in shares of United Parcel Service in the fourth quarter valued at approximately $541,000. HHM Wealth Advisors LLC boosted its holdings in shares of United Parcel Service by 20.1% in the fourth quarter. HHM Wealth Advisors LLC now owns 1,313 shares of the transportation company’s stock valued at $206,000 after acquiring an additional 220 shares in the last quarter. Intellectus Partners LLC boosted its holdings in shares of United Parcel Service by 9.3% in the fourth quarter. Intellectus Partners LLC now owns 5,807 shares of the transportation company’s stock valued at $913,000 after acquiring an additional 495 shares in the last quarter. Stonebrook Private Inc. bought a new position in shares of United Parcel Service in the fourth quarter valued at approximately $432,000. Finally, Opinicus Capital Inc. bought a new position in shares of United Parcel Service in the fourth quarter valued at approximately $425,000. 60.26% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other United Parcel Service news, Director Eva C. Boratto purchased 1,400 shares of the company’s stock in a transaction dated Friday, February 2nd. The shares were bought at an average price of $142.30 per share, for a total transaction of $199,220.00. Following the purchase, the director now directly owns 1,400 shares in the company, valued at approximately $199,220. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.13% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on UPS. Susquehanna increased their target price on shares of United Parcel Service from $150.00 to $160.00 and gave the company a “neutral” rating in a research note on Wednesday. Raymond James cut their target price on shares of United Parcel Service from $185.00 to $175.00 and set a “strong-buy” rating for the company in a research note on Wednesday, January 31st. Barclays cut their target price on shares of United Parcel Service from $150.00 to $145.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 31st. JPMorgan Chase & Co. cut their target price on shares of United Parcel Service from $154.00 to $150.00 and set a “neutral” rating for the company in a research note on Tuesday, April 9th. Finally, Argus lowered shares of United Parcel Service from a “buy” rating to a “hold” rating in a research note on Wednesday, January 31st. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $165.23.

United Parcel Service Stock Up 0.1 %

UPS stock traded up $0.20 during midday trading on Friday, reaching $147.59. The company had a trading volume of 2,607,558 shares, compared to its average volume of 3,897,331. United Parcel Service, Inc. has a 1 year low of $133.68 and a 1 year high of $192.98. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.11. The company has a market capitalization of $125.84 billion, a P/E ratio of 21.39, a PEG ratio of 1.69 and a beta of 1.05. The company has a 50 day moving average of $149.56 and a two-hundred day moving average of $150.90.

United Parcel Service (NYSE:UPS) last released its earnings results on Tuesday, April 23rd. The transportation company reported $1.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.33 by $0.10. United Parcel Service had a net margin of 6.60% and a return on equity of 37.42%. The company had revenue of $21.70 billion during the quarter, compared to the consensus estimate of $21.84 billion. During the same quarter in the prior year, the firm earned $2.20 EPS. The company’s revenue was down 5.3% compared to the same quarter last year. On average, equities research analysts expect that United Parcel Service, Inc. will post 8.23 earnings per share for the current fiscal year.

United Parcel Service Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 8th. Shareholders of record on Tuesday, February 20th were given a $1.63 dividend. This is an increase from United Parcel Service’s previous quarterly dividend of $1.62. The ex-dividend date was Friday, February 16th. This represents a $6.52 dividend on an annualized basis and a yield of 4.42%. United Parcel Service’s dividend payout ratio is presently 94.49%.

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.