Traynor Capital Management Inc. Has $903,000 Holdings in United Parcel Service, Inc. (NYSE:UPS)

Traynor Capital Management Inc. lowered its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 1.2% during the fourth quarter, Holdings Channel reports. The fund owned 5,740 shares of the transportation company’s stock after selling 71 shares during the quarter. Traynor Capital Management Inc.’s holdings in United Parcel Service were worth $903,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in UPS. VisionPoint Advisory Group LLC acquired a new stake in United Parcel Service in the 2nd quarter worth $25,000. OFI Invest Asset Management acquired a new stake in United Parcel Service in the 3rd quarter worth $25,000. IMA Wealth Inc. grew its position in United Parcel Service by 100.0% in the 2nd quarter. IMA Wealth Inc. now owns 142 shares of the transportation company’s stock worth $25,000 after purchasing an additional 71 shares during the last quarter. Pacific Center for Financial Services acquired a new stake in United Parcel Service in the 1st quarter worth $25,000. Finally, Worth Asset Management LLC acquired a new stake in United Parcel Service in the 1st quarter worth $27,000. Institutional investors and hedge funds own 60.26% of the company’s stock.

Insiders Place Their Bets

In related news, Director Eva C. Boratto bought 1,400 shares of the company’s stock in a transaction on Friday, February 2nd. The stock was bought at an average cost of $142.30 per share, with a total value of $199,220.00. Following the completion of the purchase, the director now owns 1,400 shares in the company, valued at approximately $199,220. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.13% of the company’s stock.

United Parcel Service Price Performance

Shares of NYSE UPS traded up $1.31 during trading on Thursday, reaching $148.64. The company had a trading volume of 5,196,199 shares, compared to its average volume of 4,429,152. United Parcel Service, Inc. has a 52 week low of $133.68 and a 52 week high of $197.80. The stock has a market cap of $126.74 billion, a PE ratio of 19.08, a PEG ratio of 1.64 and a beta of 1.05. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.10 and a current ratio of 1.10. The business’s 50 day moving average price is $150.64 and its 200-day moving average price is $152.25.

United Parcel Service (NYSE:UPS) last announced its earnings results on Tuesday, January 30th. The transportation company reported $2.47 earnings per share for the quarter, topping analysts’ consensus estimates of $2.46 by $0.01. United Parcel Service had a net margin of 7.37% and a return on equity of 39.46%. The company had revenue of $24.92 billion during the quarter, compared to the consensus estimate of $25.40 billion. During the same period in the previous year, the firm posted $3.62 earnings per share. The company’s revenue was down 7.8% on a year-over-year basis. Analysts expect that United Parcel Service, Inc. will post 8.29 earnings per share for the current year.

United Parcel Service Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 8th. Shareholders 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 an increase from United Parcel Service’s previous quarterly dividend of $1.62. This represents a $6.52 dividend on an annualized basis and a dividend yield of 4.39%. United Parcel Service’s payout ratio is currently 83.70%.

Analyst Upgrades and Downgrades

UPS has been the topic of several research analyst reports. Argus lowered shares of United Parcel Service from a “buy” rating to a “hold” rating in a research report on Wednesday, January 31st. BMO Capital Markets raised their price objective on shares of United Parcel Service from $160.00 to $165.00 and gave the stock a “market perform” rating in a report on Wednesday. Raymond James reduced their price objective on shares of United Parcel Service from $185.00 to $175.00 and set a “strong-buy” rating for the company in a report on Wednesday, January 31st. Oppenheimer reaffirmed an “outperform” rating and set a $153.00 price objective on shares of United Parcel Service in a report on Wednesday. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on shares of United Parcel Service from $183.00 to $179.00 and set a “buy” rating for the company in a report on Thursday. One research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, United Parcel Service has an average rating of “Hold” and a consensus price target of $165.23.

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.