Richwood Investment Advisors LLC Has $786,000 Holdings in United Parcel Service, Inc. (NYSE:UPS)

Richwood Investment Advisors LLC decreased its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 2.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,232 shares of the transportation company’s stock after selling 124 shares during the quarter. Richwood Investment Advisors LLC’s holdings in United Parcel Service were worth $786,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of UPS. Banco Santander S.A. grew its position in shares of United Parcel Service by 0.6% during the 3rd quarter. Banco Santander S.A. now owns 12,596 shares of the transportation company’s stock worth $1,717,000 after buying an additional 79 shares during the period. Eagle Asset Management Inc. grew its position in shares of United Parcel Service by 0.5% during the 3rd quarter. Eagle Asset Management Inc. now owns 130,482 shares of the transportation company’s stock worth $17,281,000 after buying an additional 701 shares during the period. Meridian Wealth Management LLC acquired a new stake in shares of United Parcel Service during the 3rd quarter worth approximately $1,316,000. Kingsview Wealth Management LLC grew its position in shares of United Parcel Service by 97.8% during the 3rd quarter. Kingsview Wealth Management LLC now owns 39,981 shares of the transportation company’s stock worth $5,451,000 after buying an additional 19,772 shares during the period. Finally, Swedbank AB boosted its stake in United Parcel Service by 2.8% during the 3rd quarter. Swedbank AB now owns 280,509 shares of the transportation company’s stock worth $38,245,000 after acquiring an additional 7,675 shares during the last quarter. Institutional investors and hedge funds own 60.26% of the company’s stock.

Analyst Ratings Changes

UPS has been the topic of several recent analyst reports. Wolfe Research raised shares of United Parcel Service from a “peer perform” rating to an “outperform” rating and set a $147.00 price objective on the stock in a research note on Wednesday, January 8th. Susquehanna reduced their price objective on shares of United Parcel Service from $140.00 to $130.00 and set a “neutral” rating on the stock in a research note on Friday, January 31st. The Goldman Sachs Group reduced their price objective on shares of United Parcel Service from $166.00 to $147.00 and set a “buy” rating on the stock in a research note on Friday, January 31st. JPMorgan Chase & Co. reduced their price objective on shares of United Parcel Service from $135.00 to $120.00 and set a “neutral” rating on the stock in a research note on Friday, January 31st. Finally, Bank of America reduced their price objective on shares of United Parcel Service from $150.00 to $133.00 and set a “buy” rating on the stock in a research note on Friday, January 31st. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $138.09.

United Parcel Service Price Performance

Shares of UPS opened at $115.25 on Friday. The company has a market cap of $98.44 billion, a price-to-earnings ratio of 17.05, a PEG ratio of 1.55 and a beta of 0.94. United Parcel Service, Inc. has a 1-year low of $109.40 and a 1-year high of $157.99. The company’s fifty day simple moving average is $120.13 and its 200 day simple moving average is $127.01. The company has a current ratio of 1.17, a quick ratio of 1.14 and a debt-to-equity ratio of 1.16.

United Parcel Service (NYSE:UPS) last issued its earnings results on Thursday, January 30th. The transportation company reported $2.75 earnings per share for the quarter, topping 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 prior year, the business earned $2.47 EPS. On average, research analysts forecast that United Parcel Service, Inc. will post 7.95 earnings per share for the current fiscal year.

United Parcel Service Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 6th. Investors of record on Tuesday, February 18th were issued a dividend of $1.64 per share. This represents a $6.56 dividend on an annualized basis and a yield of 5.69%. This is an increase from United Parcel Service’s previous quarterly dividend of $1.63. The ex-dividend date was Tuesday, February 18th. United Parcel Service’s payout ratio is presently 97.04%.

About United Parcel Service

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.