Obermeyer Wood Investment Counsel Lllp Lowers Holdings in United Parcel Service, Inc. (NYSE:UPS)

Obermeyer Wood Investment Counsel Lllp decreased its position in United Parcel Service, Inc. (NYSE:UPS) by 5.5% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,712 shares of the transportation company’s stock after selling 214 shares during the period. Obermeyer Wood Investment Counsel Lllp’s holdings in United Parcel Service were worth $584,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Pacific Center for Financial Services purchased a new stake in United Parcel Service during the first quarter worth $25,000. IMA Wealth Inc. lifted its holdings in shares of United Parcel Service by 100.0% during the 2nd quarter. IMA Wealth Inc. now owns 142 shares of the transportation company’s stock valued at $25,000 after purchasing an additional 71 shares during the last quarter. Worth Asset Management LLC purchased a new stake in shares of United Parcel Service during the 1st quarter valued at $27,000. Tennessee Valley Asset Management Partners purchased a new stake in shares of United Parcel Service during the 4th quarter valued at $26,000. Finally, OFI Invest Asset Management purchased a new stake in shares of United Parcel Service during the 3rd quarter valued at $25,000. Hedge funds and other institutional investors own 60.26% of the company’s stock.

Analyst Ratings Changes

UPS has been the topic of several research reports. TheStreet raised United Parcel Service from a “c” rating to a “b-” rating in a research report on Tuesday, January 30th. Oppenheimer reissued an “outperform” rating and issued a $153.00 target price on shares of United Parcel Service in a research report on Wednesday, March 27th. 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, March 27th. Redburn Atlantic raised United Parcel Service from a “neutral” rating to a “buy” rating and set a $180.00 target price on the stock in a research report on Wednesday, April 3rd. Finally, TD Cowen cut their target price on United Parcel Service from $147.00 to $140.00 and set a “hold” rating on the stock in a research report on Thursday, March 28th. One investment analyst has rated the stock with a sell rating, sixteen have assigned a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, United Parcel Service has an average rating of “Hold” and an average price target of $165.61.

Insider Transactions at United Parcel Service

In other news, Director Eva C. Boratto acquired 1,400 shares of the firm’s stock in a transaction dated Friday, February 2nd. The stock was acquired at an average cost of $142.30 per share, with a total value of $199,220.00. Following the transaction, the director now owns 1,400 shares in the company, valued at $199,220. The transaction was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 0.13% of the company’s stock.

United Parcel Service Trading Up 0.3 %

Shares of NYSE UPS traded up $0.49 during midday trading on Thursday, reaching $142.74. 3,430,543 shares of the stock were exchanged, compared to its average volume of 4,309,589. The company has a 50 day simple moving average of $149.65 and a 200 day simple moving average of $151.34. The stock has a market capitalization of $121.71 billion, a P/E ratio of 18.29, a PEG ratio of 1.66 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. United Parcel Service, Inc. has a twelve month low of $133.68 and a twelve month high of $197.80.

United Parcel Service (NYSE:UPS) last posted its earnings results on Tuesday, January 30th. The transportation company reported $2.47 earnings per share for the quarter, beating the consensus estimate 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 firm had revenue of $24.92 billion during the quarter, compared to the consensus estimate of $25.40 billion. During the same quarter last year, the firm earned $3.62 EPS. The firm’s revenue for the quarter was down 7.8% on a year-over-year basis. As a group, equities analysts expect that United Parcel Service, Inc. will post 8.2 earnings per share for the current year.

United Parcel Service Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 8th. Shareholders of record on Tuesday, February 20th were paid a $1.63 dividend. This is an increase from United Parcel Service’s previous quarterly dividend of $1.62. The ex-dividend date was Friday, February 16th. This represents a $6.52 annualized dividend and a dividend yield of 4.57%. United Parcel Service’s payout ratio is 83.70%.

United Parcel Service Company 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.