Cahaba Wealth Management Inc. Sells 95 Shares of United Parcel Service, Inc. (NYSE:UPS)

Cahaba Wealth Management Inc. reduced its stake in shares of United Parcel Service, Inc. (NYSE:UPSFree Report) by 5.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,758 shares of the transportation company’s stock after selling 95 shares during the quarter. Cahaba Wealth Management Inc.’s holdings in United Parcel Service were worth $276,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the company. Pacific Center for Financial Services acquired a new position in United Parcel Service during the first quarter valued at approximately $25,000. VisionPoint Advisory Group LLC acquired a new position in United Parcel Service during the second quarter valued at approximately $25,000. IMA Wealth Inc. boosted its holdings in shares of United Parcel Service by 100.0% in the 2nd quarter. IMA Wealth Inc. now owns 142 shares of the transportation company’s stock valued at $25,000 after buying an additional 71 shares during the last quarter. Worth Asset Management LLC bought a new position in shares of United Parcel Service in the 1st quarter valued at about $27,000. Finally, OFI Invest Asset Management bought a new position in United Parcel Service during the third quarter worth about $25,000. 60.26% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on UPS shares. Stifel Nicolaus decreased their target price on United Parcel Service from $178.00 to $170.00 and set a “buy” rating on the stock in a research report on Thursday, March 28th. Robert W. Baird raised United Parcel Service from a “neutral” rating to an “outperform” rating and raised their price objective for the company from $165.00 to $170.00 in a report on Friday, February 16th. Argus lowered shares of United Parcel Service from a “buy” rating to a “hold” rating in a report on Wednesday, January 31st. BMO Capital Markets increased their target price on shares of United Parcel Service from $160.00 to $165.00 and gave the stock a “market perform” rating in a research note on Wednesday, March 27th. Finally, JPMorgan Chase & Co. decreased their price objective on United Parcel Service from $165.00 to $156.00 and set a “neutral” rating for the company in a report on Thursday, December 21st. One investment analyst has rated the stock with a sell rating, sixteen have assigned a hold rating, six have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, United Parcel Service has a consensus rating of “Hold” and a consensus target price of $165.23.

Get Our Latest Stock Report on UPS

Insider Buying and Selling at United Parcel Service

In other news, Director Eva C. Boratto acquired 1,400 shares of the business’s stock in a transaction that occurred on Friday, February 2nd. The shares were purchased at an average cost of $142.30 per share, for a total transaction of $199,220.00. Following the transaction, the director now directly owns 1,400 shares in the company, valued at approximately $199,220. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.13% of the stock is currently owned by corporate insiders.

United Parcel Service Stock Up 1.1 %

Shares of UPS stock traded up $1.60 during trading on Tuesday, reaching $149.22. The company’s stock had a trading volume of 4,934,162 shares, compared to its average volume of 4,452,942. The company has a market capitalization of $127.23 billion, a price-to-earnings ratio of 19.16, a P/E/G ratio of 1.80 and a beta of 1.05. The stock’s 50-day moving average price is $150.10 and its 200 day moving average price is $151.98. United Parcel Service, Inc. has a 1-year low of $133.68 and a 1-year high of $197.80. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.10 and a quick ratio of 1.10.

United Parcel Service (NYSE:UPSGet Free Report) last released its quarterly earnings results on Tuesday, January 30th. The transportation company reported $2.47 EPS for the quarter, beating the consensus estimate of $2.46 by $0.01. The firm had revenue of $24.92 billion during the quarter, compared to the consensus estimate of $25.40 billion. United Parcel Service had a net margin of 7.37% and a return on equity of 39.46%. United Parcel Service’s revenue for the quarter was down 7.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.62 EPS. On average, research analysts anticipate that United Parcel Service, Inc. will post 8.27 EPS for the current year.

United Parcel Service Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 8th. Stockholders of record on Tuesday, February 20th were given a $1.63 dividend. This represents a $6.52 dividend on an annualized basis and a dividend yield of 4.37%. The ex-dividend date was Friday, February 16th. This is a positive change from United Parcel Service’s previous quarterly dividend of $1.62. United Parcel Service’s payout ratio is currently 83.70%.

United Parcel Service Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for United Parcel Service (NYSE:UPS)

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