Yarger Wealth Strategies LLC Has $416,000 Stock Position in United Parcel Service, Inc. (NYSE:UPS)

Yarger Wealth Strategies LLC lowered its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 23.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,647 shares of the transportation company’s stock after selling 817 shares during the period. Yarger Wealth Strategies LLC’s holdings in United Parcel Service were worth $416,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. VisionPoint Advisory Group LLC bought a new position in United Parcel Service in the second quarter worth approximately $25,000. OFI Invest Asset Management bought a new position in United Parcel Service in the third quarter worth approximately $25,000. IMA Wealth Inc. boosted its holdings in United Parcel Service by 100.0% in the second quarter. IMA Wealth Inc. now owns 142 shares of the transportation company’s stock worth $25,000 after acquiring an additional 71 shares in the last quarter. Pacific Center for Financial Services purchased a new stake in United Parcel Service in the first quarter worth $25,000. Finally, Worth Asset Management LLC purchased a new stake in United Parcel Service in the first quarter worth $27,000. Institutional investors and hedge funds own 60.26% of the company’s stock.

Analysts Set New Price Targets

UPS has been the subject of a number of recent research reports. Evercore ISI reissued an “in-line” rating and issued a $154.00 target price on shares of United Parcel Service in a research report on Wednesday. Morgan Stanley lifted their price target on United Parcel Service from $95.00 to $100.00 and gave the company an “underweight” rating in a research report on Wednesday. Daiwa Capital Markets lowered United Parcel Service from an “outperform” rating to a “neutral” rating and set a $155.00 price target for the company. in a research note on Tuesday, December 26th. TD Cowen dropped their price target on United Parcel Service from $147.00 to $140.00 and set a “hold” rating for the company in a research note on Thursday. Finally, Barclays dropped their price target on United Parcel Service from $150.00 to $145.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 31st. One analyst has rated the stock with a sell rating, sixteen have issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $165.23.

United Parcel Service Price Performance

NYSE UPS opened at $148.64 on Friday. The firm’s fifty day simple moving average is $150.64 and its two-hundred day simple moving average is $152.25. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.09. United Parcel Service, Inc. has a 12-month low of $133.68 and a 12-month high of $197.80. The firm has a market capitalization of $126.74 billion, a P/E ratio of 19.08, a P/E/G ratio of 1.79 and a beta of 1.05.

United Parcel Service (NYSE:UPS) last posted its earnings results on Tuesday, January 30th. The transportation company reported $2.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.46 by $0.01. The company had revenue of $24.92 billion during the quarter, compared to the consensus estimate of $25.40 billion. United Parcel Service had a net margin of 7.37% and a return on equity of 39.46%. The firm’s quarterly revenue was down 7.8% on a year-over-year basis. During the same period in the previous year, the firm posted $3.62 earnings per share. Analysts forecast that United Parcel Service, Inc. will post 8.28 EPS for the current fiscal year.

United Parcel Service Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 8th. Investors of record on Tuesday, February 20th were paid a $1.63 dividend. 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. This represents a $6.52 dividend on an annualized basis and a yield of 4.39%. United Parcel Service’s dividend payout ratio (DPR) is currently 83.70%.

Insider Activity at United Parcel Service

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

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.