Consolidated Planning Corp Trims Stock Position in United Parcel Service, Inc. (NYSE:UPS)

Consolidated Planning Corp decreased its holdings in United Parcel Service, Inc. (NYSE:UPS) by 35.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,290 shares of the transportation company’s stock after selling 1,821 shares during the period. Consolidated Planning Corp’s holdings in United Parcel Service were worth $517,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Charles Schwab Investment Management Inc. grew its stake in shares of United Parcel Service by 4.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 15,889,570 shares of the transportation company’s stock worth $2,456,055,000 after purchasing an additional 628,944 shares in the last quarter. International Assets Investment Management LLC lifted its position in United Parcel Service by 15,631.2% in the fourth quarter. International Assets Investment Management LLC now owns 14,502,261 shares of the transportation company’s stock valued at $2,280,190,000 after acquiring an additional 14,410,073 shares during the last quarter. Wellington Management Group LLP lifted its position in United Parcel Service by 31.7% in the third quarter. Wellington Management Group LLP now owns 9,677,202 shares of the transportation company’s stock valued at $1,508,385,000 after acquiring an additional 2,331,875 shares during the last quarter. Northern Trust Corp lifted its position in United Parcel Service by 0.4% in the third quarter. Northern Trust Corp now owns 8,411,989 shares of the transportation company’s stock valued at $1,311,177,000 after acquiring an additional 31,533 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its position in United Parcel Service by 2.3% in the third quarter. Bank of New York Mellon Corp now owns 6,456,594 shares of the transportation company’s stock valued at $1,006,389,000 after acquiring an additional 142,546 shares during the last quarter. Institutional investors and hedge funds own 60.26% of the company’s stock.

Insider Activity at United Parcel Service

In other news, Director Eva C. Boratto purchased 1,400 shares of the business’s stock in a transaction dated Friday, February 2nd. The shares were acquired at an average price of $142.30 per share, for a total transaction of $199,220.00. Following the completion of the acquisition, the director now directly owns 1,400 shares of the company’s stock, valued at $199,220. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.13% of the company’s stock.

United Parcel Service Stock Up 0.1 %

UPS stock traded up $0.20 during trading on Friday, reaching $147.59. The stock had a trading volume of 2,607,558 shares, compared to its average volume of 3,897,331. 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 $125.84 billion, a P/E ratio of 21.39, a PEG ratio of 1.69 and a beta of 1.05. The firm has a fifty day moving average price of $149.56 and a 200 day moving average price of $150.93.

United Parcel Service (NYSE:UPS) last released its earnings results on Tuesday, April 23rd. The transportation company reported $1.43 earnings per share for the quarter, topping the consensus estimate 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 company had revenue of $21.70 billion during the quarter, compared to the consensus estimate of $21.84 billion. During the same quarter in the previous year, the firm earned $2.20 EPS. The company’s revenue was down 5.3% on a year-over-year basis. On average, equities analysts anticipate that United Parcel Service, Inc. will post 8.23 earnings per share for the current year.

United Parcel Service Increases Dividend

The firm also recently announced 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. The ex-dividend date 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 annualized dividend and a yield of 4.42%. United Parcel Service’s dividend payout ratio is currently 94.49%.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on UPS. Deutsche Bank Aktiengesellschaft reduced their price target on shares of United Parcel Service from $183.00 to $179.00 and set a “buy” rating for the company in a research report on Thursday, March 28th. TheStreet raised shares of United Parcel Service from a “c” rating to a “b-” rating in a report on Tuesday, January 30th. JPMorgan Chase & Co. reduced their target price on shares of United Parcel Service from $154.00 to $150.00 and set a “neutral” rating for the company in a report on Tuesday, April 9th. TD Cowen reduced their target price on shares of United Parcel Service from $147.00 to $140.00 and set a “hold” rating for the company in a report on Thursday, March 28th. Finally, Robert W. Baird raised shares of United Parcel Service from a “neutral” rating to an “outperform” rating and upped their target price for the company from $165.00 to $170.00 in a report on Friday, February 16th. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $165.23.

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.