Bfsg LLC Reduces Stock Position in United Parcel Service, Inc. (NYSE:UPS)

Bfsg LLC lessened its holdings in United Parcel Service, Inc. (NYSE:UPS) by 3.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 14,963 shares of the transportation company’s stock after selling 478 shares during the quarter. Bfsg LLC’s holdings in United Parcel Service were worth $2,353,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. OFI Invest Asset Management purchased a new position in shares of United Parcel Service during the third quarter worth about $25,000. Tennessee Valley Asset Management Partners purchased a new position in shares of United Parcel Service during the fourth quarter worth about $26,000. Life Planning Partners Inc purchased a new position in shares of United Parcel Service during the fourth quarter worth about $28,000. Bourgeon Capital Management LLC purchased a new position in shares of United Parcel Service during the fourth quarter worth about $31,000. Finally, VisionPoint Advisory Group LLC grew its holdings in shares of United Parcel Service by 69.5% during the third quarter. VisionPoint Advisory Group LLC now owns 239 shares of the transportation company’s stock worth $37,000 after purchasing an additional 98 shares during the last quarter. Hedge funds and other institutional investors own 60.26% of the company’s stock.

Insider Activity at United Parcel Service

In other United Parcel Service news, Director Eva C. Boratto bought 1,400 shares of United Parcel Service stock in a transaction that occurred on Friday, February 2nd. The stock was purchased at an average cost of $142.30 per share, for a total transaction of $199,220.00. Following the completion of the acquisition, the director now owns 1,400 shares of the company’s stock, valued at approximately $199,220. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.13% of the company’s stock.

United Parcel Service Stock Down 0.7 %

UPS stock traded down $1.04 during trading on Thursday, reaching $145.58. The stock had a trading volume of 772,603 shares, compared to its average volume of 4,315,960. 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 $124.13 billion, a P/E ratio of 21.08, a PEG ratio of 1.73 and a beta of 1.05. The firm has a fifty day moving average price of $149.57 and a 200 day moving average price of $151.03.

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, beating 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 business had revenue of $21.70 billion for the quarter, compared to analyst estimates of $21.84 billion. During the same quarter last year, the business earned $2.20 earnings per share. The business’s revenue for the quarter was down 5.3% on a year-over-year basis. On average, equities analysts anticipate that United Parcel Service, Inc. will post 8.2 earnings per share for the current year.

United Parcel Service Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 8th. Investors of record on Tuesday, February 20th were paid a dividend of $1.63 per share. This represents a $6.52 dividend on an annualized basis and a dividend yield of 4.48%. The ex-dividend date of this dividend was Friday, February 16th. This is a positive change from United Parcel Service’s previous quarterly dividend of $1.62. United Parcel Service’s dividend payout ratio (DPR) is currently 94.49%.

Analyst Ratings Changes

Several equities analysts have issued reports on UPS shares. TD Cowen dropped their price objective on United Parcel Service from $147.00 to $140.00 and set a “hold” rating on the stock in a report on Thursday, March 28th. Redburn Atlantic upgraded shares of United Parcel Service from a “neutral” rating to a “buy” rating and set a $180.00 target price for the company in a research note on Wednesday, April 3rd. Evercore ISI reiterated an “in-line” rating and set a $154.00 target price on shares of United Parcel Service in a research note on Wednesday, March 27th. Raymond James decreased 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. Finally, TheStreet upgraded shares of United Parcel Service from a “c” rating to a “b-” rating in a research report on Tuesday, January 30th. One equities research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, United Parcel Service has an average rating of “Hold” and a consensus price target of $166.96.

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.