Noesis Capital Mangement Corp Trims Position in United Parcel Service, Inc. (NYSE:UPS)

Noesis Capital Mangement Corp decreased its holdings in United Parcel Service, Inc. (NYSE:UPS) by 1.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 64,283 shares of the transportation company’s stock after selling 864 shares during the quarter. United Parcel Service comprises approximately 2.4% of Noesis Capital Mangement Corp’s portfolio, making the stock its 19th biggest position. Noesis Capital Mangement Corp’s holdings in United Parcel Service were worth $10,107,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the stock. TCG Advisory Services LLC bought a new position in United Parcel Service in the fourth quarter worth about $1,202,000. Royal Fund Management LLC boosted its position in shares of United Parcel Service by 21.6% during the fourth quarter. Royal Fund Management LLC now owns 12,144 shares of the transportation company’s stock valued at $1,909,000 after purchasing an additional 2,154 shares in the last quarter. AJOVista LLC purchased a new stake in United Parcel Service in the fourth quarter worth $156,000. Provence Wealth Management Group grew its stake in United Parcel Service by 19.5% in the fourth quarter. Provence Wealth Management Group now owns 4,013 shares of the transportation company’s stock worth $631,000 after purchasing an additional 656 shares during the period. Finally, Legacy Financial Advisors Inc. lifted its position in United Parcel Service by 32.4% during the fourth quarter. Legacy Financial Advisors Inc. now owns 6,959 shares of the transportation company’s stock valued at $1,094,000 after buying an additional 1,704 shares during the period. Institutional investors own 60.26% of the company’s stock.

United Parcel Service Stock Performance

UPS stock traded down $0.79 during midday trading on Friday, reaching $146.43. 2,039,256 shares of the company’s stock traded hands, compared to its average volume of 3,606,672. The company has a current ratio of 1.10, a quick ratio of 1.04 and a debt-to-equity ratio of 1.11. United Parcel Service, Inc. has a 52-week low of $133.68 and a 52-week high of $192.98. The stock has a market cap of $124.85 billion, a P/E ratio of 21.22, a PEG ratio of 1.69 and a beta of 1.05. The stock’s 50-day moving average is $149.39 and its 200 day moving average is $150.67.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings data on Tuesday, April 23rd. The transportation company reported $1.43 EPS for the quarter, topping the consensus estimate of $1.33 by $0.10. United Parcel Service had a return on equity of 37.42% and a net margin of 6.60%. The firm had revenue of $21.70 billion during the quarter, compared to analyst estimates of $21.84 billion. During the same period in the prior year, the business posted $2.20 EPS. United Parcel Service’s revenue was down 5.3% on a year-over-year basis. As a group, analysts anticipate that United Parcel Service, Inc. will post 8.23 EPS for the current year.

United Parcel Service Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 30th. Shareholders of record on Monday, May 13th will be given a $1.63 dividend. The ex-dividend date is Friday, May 10th. This represents a $6.52 dividend on an annualized basis and a dividend yield of 4.45%. United Parcel Service’s payout ratio is currently 94.49%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on UPS shares. Redburn Atlantic raised shares of United Parcel Service from a “neutral” rating to a “buy” rating and set a $180.00 target price on the stock in a research report on Wednesday, April 3rd. JPMorgan Chase & Co. decreased 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. Robert W. Baird raised United Parcel Service from a “neutral” rating to an “outperform” rating and boosted their price target for the stock from $165.00 to $170.00 in a research report on Friday, February 16th. TD Cowen reduced their price objective on United Parcel Service from $147.00 to $140.00 and set a “hold” rating for the company in a research report on Thursday, March 28th. Finally, BMO Capital Markets lifted their price objective on United Parcel Service from $165.00 to $169.00 and gave the company a “market perform” rating in a research note on Wednesday, April 24th. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, United Parcel Service presently has an average rating of “Hold” and an average target price of $165.23.

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.