Access Investment Management LLC Has $846,000 Stock Holdings in United Parcel Service, Inc. (NYSE:UPS)

Access Investment Management LLC trimmed its position in United Parcel Service, Inc. (NYSE:UPS) by 8.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 6,710 shares of the transportation company’s stock after selling 585 shares during the period. Access Investment Management LLC’s holdings in United Parcel Service were worth $846,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Howard Capital Management Inc. increased its position in United Parcel Service by 13.5% in the fourth quarter. Howard Capital Management Inc. now owns 7,182 shares of the transportation company’s stock worth $906,000 after purchasing an additional 852 shares during the period. Marshall Investment Management LLC acquired a new position in United Parcel Service during the 4th quarter valued at about $120,000. TCW Group Inc. boosted its stake in shares of United Parcel Service by 21.6% in the 4th quarter. TCW Group Inc. now owns 165,596 shares of the transportation company’s stock valued at $20,882,000 after purchasing an additional 29,411 shares during the last quarter. Fisher Funds Management LTD acquired a new stake in shares of United Parcel Service during the 4th quarter worth approximately $4,366,000. Finally, Richardson Capital Management LLC bought a new stake in shares of United Parcel Service during the fourth quarter worth approximately $44,000. 60.26% of the stock is owned by institutional investors and hedge funds.

Insider Activity at United Parcel Service

In related news, insider Norman M. Brothers, Jr. sold 7,325 shares of the company’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $138.57, for a total transaction of $1,015,025.25. Following the sale, the insider now owns 45,098 shares in the company, valued at approximately $6,249,229.86. This represents a 13.97 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.13% of the stock is owned by insiders.

Analysts Set New Price Targets

UPS has been the topic of a number of recent research reports. UBS Group reduced their price objective on shares of United Parcel Service from $170.00 to $141.00 and set a “buy” rating on the stock in a research note on Friday, January 31st. JPMorgan Chase & Co. reduced their price target on United Parcel Service from $135.00 to $120.00 and set a “neutral” rating on the stock in a research report on Friday, January 31st. Loop Capital dropped their price objective on United Parcel Service from $120.00 to $115.00 and set a “hold” rating for the company in a report on Monday, February 3rd. BMO Capital Markets upgraded United Parcel Service from a “market perform” rating to an “outperform” rating and reduced their target price for the stock from $155.00 to $150.00 in a report on Tuesday, December 10th. Finally, Susquehanna decreased their target price on United Parcel Service from $140.00 to $130.00 and set a “neutral” rating for the company in a research report on Friday, January 31st. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $140.73.

United Parcel Service Stock Performance

Shares of United Parcel Service stock opened at $116.35 on Friday. 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 firm has a market cap of $99.38 billion, a price-to-earnings ratio of 17.21, a price-to-earnings-growth ratio of 1.55 and a beta of 0.98. The stock’s 50-day moving average is $123.21 and its 200-day moving average is $128.36. United Parcel Service, Inc. has a one year low of $109.40 and a one year high of $158.95.

United Parcel Service (NYSE:UPS) last released its earnings results on Thursday, January 30th. The transportation company reported $2.75 EPS for the quarter, beating the consensus estimate of $2.52 by $0.23. United Parcel Service had a return on equity of 39.13% and a net margin of 6.35%. During the same period in the previous year, the business posted $2.47 EPS. Equities analysts predict that United Parcel Service, Inc. will post 7.95 earnings per share for the current fiscal year.

United Parcel Service Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 6th. Investors of record on Tuesday, February 18th will be issued a dividend of $1.64 per share. This is a boost from United Parcel Service’s previous quarterly dividend of $1.63. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $6.56 annualized dividend and a yield of 5.64%. United Parcel Service’s dividend payout ratio is presently 97.04%.

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.