Pinnacle Wealth Planning Services Inc. Sells 698 Shares of United Parcel Service, Inc. (NYSE:UPS)

Pinnacle Wealth Planning Services Inc. decreased its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 24.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,209 shares of the transportation company’s stock after selling 698 shares during the quarter. Pinnacle Wealth Planning Services Inc.’s holdings in United Parcel Service were worth $279,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in UPS. IMG Wealth Management Inc. bought a new position in United Parcel Service in the fourth quarter worth approximately $25,000. Generali Investments Management Co LLC bought a new position in shares of United Parcel Service in the 4th quarter worth $26,000. Pinney & Scofield Inc. purchased a new stake in shares of United Parcel Service during the 4th quarter worth $27,000. Fourth Dimension Wealth LLC bought a new stake in United Parcel Service during the fourth quarter valued at about $28,000. Finally, Runnymede Capital Advisors Inc. bought a new stake in United Parcel Service during the fourth quarter valued at about $30,000. Institutional investors own 60.26% of the company’s stock.

Wall Street Analyst Weigh In

UPS has been the subject of several analyst reports. Loop Capital decreased their price target on shares of United Parcel Service from $115.00 to $105.00 and set a “hold” rating for the company in a research report on Wednesday, April 30th. UBS Group decreased their target price on shares of United Parcel Service from $141.00 to $127.00 and set a “buy” rating for the company in a research report on Thursday, April 3rd. Galvan Research cut their price target on shares of United Parcel Service from $147.00 to $133.00 and set a “buy” rating on the stock in a report on Wednesday, April 9th. Citigroup decreased their price objective on United Parcel Service from $149.00 to $123.00 and set a “buy” rating for the company in a report on Tuesday, April 8th. Finally, Wall Street Zen cut United Parcel Service from a “buy” rating to a “hold” rating in a research report on Wednesday, May 7th. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $120.26.

United Parcel Service Trading Up 2.3%

NYSE UPS opened at $97.59 on Wednesday. United Parcel Service, Inc. has a 1 year low of $90.55 and a 1 year high of $148.15. 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 company has a market capitalization of $82.64 billion, a PE ratio of 14.44, a P/E/G ratio of 1.55 and a beta of 1.23. The company has a fifty day moving average of $99.54 and a 200 day moving average of $115.82.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings data on Tuesday, April 29th. The transportation company reported $1.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.38 by $0.11. The business had revenue of $21.50 billion during the quarter, compared to analysts’ expectations of $21.25 billion. United Parcel Service had a return on equity of 39.13% and a net margin of 6.35%. The company’s revenue for the quarter was down .9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.43 EPS. Research analysts forecast that United Parcel Service, Inc. will post 7.95 earnings per share for the current year.

United Parcel Service Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 5th. Shareholders of record on Monday, May 19th will be given a $1.64 dividend. The ex-dividend date of this dividend is Monday, May 19th. This represents a $6.56 annualized dividend and a yield of 6.72%. United Parcel Service’s dividend payout ratio is presently 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.