Keel Point LLC Has $365,000 Stock Position in United Parcel Service, Inc. (NYSE:UPS)

Keel Point LLC lowered its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 4.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,898 shares of the transportation company’s stock after selling 150 shares during the quarter. Keel Point LLC’s holdings in United Parcel Service were worth $365,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. IMG Wealth Management Inc. acquired a new stake in shares of United Parcel Service in the fourth quarter worth $25,000. Generali Investments Management Co LLC acquired a new stake in United Parcel Service during the 4th quarter worth about $26,000. IFS Advisors LLC grew its stake in United Parcel Service by 232.3% during the 4th quarter. IFS Advisors LLC now owns 216 shares of the transportation company’s stock valued at $27,000 after acquiring an additional 151 shares in the last quarter. Runnymede Capital Advisors Inc. acquired a new position in shares of United Parcel Service in the 4th quarter valued at about $30,000. Finally, Marshall & Sterling Wealth Advisors Inc. purchased a new stake in shares of United Parcel Service in the fourth quarter worth approximately $31,000. Institutional investors and hedge funds own 60.26% of the company’s stock.

Analyst Ratings Changes

UPS has been the topic of several research reports. Raymond James dropped their price objective on shares of United Parcel Service from $145.00 to $130.00 and set a “strong-buy” rating on the stock in a research note on Wednesday, April 9th. Morgan Stanley dropped their price target on shares of United Parcel Service from $100.00 to $82.00 and set an “underweight” rating on the stock in a research note on Friday, January 31st. Citigroup lowered their target price on United Parcel Service from $149.00 to $123.00 and set a “buy” rating on the stock in a research note on Tuesday, April 8th. Oppenheimer cut their price target on United Parcel Service from $126.00 to $114.00 and set an “outperform” rating for the company in a research note on Wednesday. Finally, Wolfe Research lowered their price target on United Parcel Service from $133.00 to $113.00 and set an “outperform” rating for the company in a research note on Wednesday, April 9th. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, United Parcel Service currently has an average rating of “Hold” and a consensus price target of $120.87.

United Parcel Service Stock Up 1.8 %

Shares of UPS stock opened at $96.33 on Friday. United Parcel Service, Inc. has a 12 month low of $90.55 and a 12 month high of $153.42. The company has a quick ratio of 1.14, a current ratio of 1.17 and a debt-to-equity ratio of 1.16. The firm has a market cap of $82.28 billion, a PE ratio of 14.25, a price-to-earnings-growth ratio of 1.55 and a beta of 1.23. The stock has a 50 day moving average of $106.54 and a 200-day moving average of $120.26.

United Parcel Service (NYSE:UPS) last released its earnings results on Tuesday, April 29th. The transportation company reported $1.49 EPS for the quarter, beating the consensus estimate of $1.38 by $0.11. United Parcel Service had a net margin of 6.35% and a return on equity of 39.13%. The firm had revenue of $21.50 billion during the quarter, compared to analysts’ expectations of $21.25 billion. During the same period in the prior year, the company earned $1.43 EPS. The business’s quarterly revenue was down .9% compared to the same quarter last year. On average, equities analysts predict that United Parcel Service, Inc. will post 7.95 EPS for the current year.

United Parcel Service Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 6th. Shareholders of record on Tuesday, February 18th were issued a $1.64 dividend. This is a boost from United Parcel Service’s previous quarterly dividend of $1.63. The ex-dividend date was Tuesday, February 18th. This represents a $6.56 annualized dividend and a yield of 6.81%. United Parcel Service’s dividend payout ratio is 95.63%.

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.