Sage Mountain Advisors LLC Reduces Holdings in United Parcel Service, Inc. (NYSE:UPS)

Sage Mountain Advisors LLC reduced its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 1.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,180 shares of the transportation company’s stock after selling 204 shares during the quarter. Sage Mountain Advisors LLC’s holdings in United Parcel Service were worth $1,914,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the business. State Street Corp increased its holdings in United Parcel Service by 2.1% during the 3rd quarter. State Street Corp now owns 29,597,425 shares of the transportation company’s stock valued at $4,035,313,000 after acquiring an additional 613,409 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in United Parcel Service by 6.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 23,264,665 shares of the transportation company’s stock valued at $2,933,674,000 after acquiring an additional 1,337,058 shares in the last quarter. Geode Capital Management LLC increased its holdings in United Parcel Service by 2.5% during the 3rd quarter. Geode Capital Management LLC now owns 15,289,624 shares of the transportation company’s stock valued at $2,080,170,000 after acquiring an additional 373,202 shares in the last quarter. FMR LLC increased its holdings in United Parcel Service by 3.7% during the 3rd quarter. FMR LLC now owns 10,627,550 shares of the transportation company’s stock valued at $1,448,960,000 after acquiring an additional 380,229 shares in the last quarter. Finally, Amundi grew its holdings in shares of United Parcel Service by 14.6% during the fourth quarter. Amundi now owns 10,040,863 shares of the transportation company’s stock worth $1,272,600,000 after buying an additional 1,277,328 shares in the last quarter. 60.26% of the stock is currently owned by hedge funds and other institutional investors.

United Parcel Service Trading Down 0.8 %

Shares of UPS stock opened at $120.67 on Tuesday. The stock has a market cap of $103.07 billion, a price-to-earnings ratio of 17.85, a price-to-earnings-growth ratio of 1.55 and a beta of 0.94. The company has a quick ratio of 1.14, a current ratio of 1.17 and a debt-to-equity ratio of 1.16. United Parcel Service, Inc. has a fifty-two week low of $109.40 and a fifty-two week high of $158.95. The firm’s 50 day moving average price is $121.64 and its two-hundred day moving average price is $127.72.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings results on Thursday, January 30th. The transportation company reported $2.75 earnings per share for the quarter, beating analysts’ consensus estimates of $2.52 by $0.23. United Parcel Service had a net margin of 6.35% and a return on equity of 39.13%. During the same quarter in the previous year, the business earned $2.47 EPS. On average, analysts anticipate that United Parcel Service, Inc. will post 7.95 EPS for the current year.

United Parcel Service Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 6th. Stockholders of record on Tuesday, February 18th were given a dividend of $1.64 per share. This is a boost from United Parcel Service’s previous quarterly dividend of $1.63. This represents a $6.56 dividend on an annualized basis and a dividend yield of 5.44%. The ex-dividend date was Tuesday, February 18th. United Parcel Service’s payout ratio is presently 97.04%.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on UPS shares. JPMorgan Chase & Co. lowered their price target on shares of United Parcel Service from $135.00 to $120.00 and set a “neutral” rating for the company in a report on Friday, January 31st. Wolfe Research upgraded shares of United Parcel Service from a “peer perform” rating to an “outperform” rating and set a $147.00 price target for the company in a report on Wednesday, January 8th. BMO Capital Markets upgraded shares of United Parcel Service from a “market perform” rating to an “outperform” rating and lowered their price target for the stock from $155.00 to $150.00 in a report on Tuesday, December 10th. Citigroup lowered their price target on shares of United Parcel Service from $158.00 to $149.00 and set a “buy” rating for the company in a report on Friday, January 31st. Finally, UBS Group lowered their price target on shares of United Parcel Service from $170.00 to $141.00 and set a “buy” rating for the company in a report on Friday, January 31st. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $138.00.

United Parcel Service Company 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.