Whittier Trust Co. of Nevada Inc. Has $967,000 Stock Position in United Parcel Service, Inc. (NYSE:UPS)

Whittier Trust Co. of Nevada Inc. reduced its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 9.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 7,668 shares of the transportation company’s stock after selling 845 shares during the quarter. Whittier Trust Co. of Nevada Inc.’s holdings in United Parcel Service were worth $967,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. IMG Wealth Management Inc. acquired a new position in United Parcel Service during the 4th quarter worth approximately $25,000. Generali Investments Management Co LLC acquired a new position in United Parcel Service during the 4th quarter worth approximately $26,000. True Wealth Design LLC raised its stake in United Parcel Service by 397.7% during the 3rd quarter. True Wealth Design LLC now owns 214 shares of the transportation company’s stock worth $29,000 after buying an additional 171 shares during the period. IFS Advisors LLC raised its stake in shares of United Parcel Service by 232.3% in the fourth quarter. IFS Advisors LLC now owns 216 shares of the transportation company’s stock worth $27,000 after purchasing an additional 151 shares during the last quarter. Finally, FSA Wealth Management LLC purchased a new stake in shares of United Parcel Service in the third quarter worth approximately $36,000. 60.26% of the stock is owned by institutional investors and hedge funds.

United Parcel Service Price Performance

United Parcel Service stock opened at $115.25 on Friday. United Parcel Service, Inc. has a one year low of $109.40 and a one year high of $157.99. The business has a fifty day moving average price of $120.13 and a 200-day moving average price of $127.01. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.17 and a quick ratio of 1.14. The firm has a market capitalization of $98.44 billion, a P/E ratio of 17.05, a PEG ratio of 1.55 and a beta of 0.94.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings results on Thursday, January 30th. The transportation company reported $2.75 EPS for the quarter, topping analysts’ consensus estimates of $2.52 by $0.23. United Parcel Service had a return on equity of 39.13% and a net margin of 6.35%. During the same period last year, the company earned $2.47 earnings per share. As a group, equities research analysts forecast that United Parcel Service, Inc. will post 7.95 EPS for the current year.

United Parcel Service Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 6th. Stockholders of record on Tuesday, February 18th were issued a $1.64 dividend. This is a positive change 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 5.69%. The ex-dividend date of this dividend was Tuesday, February 18th. United Parcel Service’s dividend payout ratio (DPR) is presently 97.04%.

Analysts Set New Price Targets

UPS has been the subject of several analyst reports. Wolfe Research raised United Parcel Service from a “peer perform” rating to an “outperform” rating and set a $147.00 price objective for the company in a research note on Wednesday, January 8th. JPMorgan Chase & Co. lowered their price objective on United Parcel Service from $135.00 to $120.00 and set a “neutral” rating for the company in a research note on Friday, January 31st. StockNews.com raised United Parcel Service from a “hold” rating to a “buy” rating in a research note on Wednesday, March 5th. BMO Capital Markets raised United Parcel Service from a “market perform” rating to an “outperform” rating and lowered their price objective for the stock from $155.00 to $150.00 in a research note on Tuesday, December 10th. Finally, UBS Group lowered their price objective on United Parcel Service from $170.00 to $141.00 and set a “buy” rating for the company in a research note on Friday, January 31st. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $138.09.

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.