SVB Wealth LLC Has $2.58 Million Stock Holdings in United Parcel Service, Inc. (NYSE:UPS)

SVB Wealth LLC lowered its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 9.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 16,423 shares of the transportation company’s stock after selling 1,760 shares during the quarter. SVB Wealth LLC’s holdings in United Parcel Service were worth $2,582,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of UPS. Pacific Center for Financial Services acquired a new position in shares of United Parcel Service in the 1st quarter valued at $25,000. IMA Wealth Inc. grew its stake in United Parcel Service by 100.0% in the second quarter. IMA Wealth Inc. now owns 142 shares of the transportation company’s stock valued at $25,000 after acquiring an additional 71 shares during the period. Worth Asset Management LLC bought a new stake in shares of United Parcel Service in the first quarter worth about $27,000. Tennessee Valley Asset Management Partners acquired a new stake in shares of United Parcel Service during the fourth quarter worth about $26,000. Finally, OFI Invest Asset Management bought a new position in shares of United Parcel Service during the 3rd quarter valued at about $25,000. Institutional investors own 60.26% of the company’s stock.

United Parcel Service Stock Performance

Shares of NYSE UPS opened at $142.25 on Thursday. United Parcel Service, Inc. has a one year low of $133.68 and a one 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. The firm has a market cap of $121.29 billion, a price-to-earnings ratio of 18.26, a P/E/G ratio of 1.66 and a beta of 1.05. The stock’s fifty day moving average price is $149.65 and its two-hundred day moving average price is $151.34.

United Parcel Service (NYSE:UPS) last released its quarterly earnings results on Tuesday, January 30th. The transportation company reported $2.47 EPS for the quarter, topping analysts’ consensus estimates of $2.46 by $0.01. The business had revenue of $24.92 billion for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period last year, the firm earned $3.62 earnings per share. On average, equities analysts forecast that United Parcel Service, Inc. will post 8.2 EPS for the current year.

United Parcel Service Increases Dividend

The firm also recently declared 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 4.58%. This is an increase from United Parcel Service’s previous quarterly dividend of $1.62. The ex-dividend date of this dividend was Friday, February 16th. United Parcel Service’s payout ratio is presently 83.70%.

Insider Activity at United Parcel Service

In related news, Director Eva C. Boratto acquired 1,400 shares of the company’s stock in a transaction on Friday, February 2nd. The stock was purchased at an average cost of $142.30 per share, with a total value of $199,220.00. Following the acquisition, the director now directly owns 1,400 shares of the company’s stock, valued at $199,220. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.13% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

UPS has been the topic of several research analyst reports. UBS Group upgraded shares of United Parcel Service from a “neutral” rating to a “buy” rating and raised their target price for the stock from $160.00 to $175.00 in a report on Tuesday, February 6th. JPMorgan Chase & Co. cut their price objective on shares of United Parcel Service from $154.00 to $150.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 9th. TD Cowen reduced their target price on shares of United Parcel Service from $147.00 to $140.00 and set a “hold” rating for the company in a research note on Thursday, March 28th. Oppenheimer reissued an “outperform” rating and issued a $153.00 price target on shares of United Parcel Service in a research note on Wednesday, March 27th. Finally, Barclays reduced their price objective on United Parcel Service from $150.00 to $145.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 31st. One investment analyst has rated the stock with a sell rating, sixteen have issued a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $165.61.

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.