United Parcel Service, Inc. (NYSE:UPS) Stock Holdings Decreased by Cahaba Wealth Management Inc.

Cahaba Wealth Management Inc. decreased its stake in shares of United Parcel Service, Inc. (NYSE:UPSFree Report) by 5.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,758 shares of the transportation company’s stock after selling 95 shares during the period. Cahaba Wealth Management Inc.’s holdings in United Parcel Service were worth $276,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of UPS. RB Capital Management LLC boosted its holdings in shares of United Parcel Service by 3.1% in the 1st quarter. RB Capital Management LLC now owns 2,689 shares of the transportation company’s stock valued at $577,000 after buying an additional 81 shares during the period. Ergoteles LLC bought a new position in United Parcel Service in the first quarter worth about $1,162,000. Halbert Hargrove Global Advisors LLC boosted its stake in United Parcel Service by 10.0% in the first quarter. Halbert Hargrove Global Advisors LLC now owns 1,233 shares of the transportation company’s stock valued at $264,000 after acquiring an additional 112 shares during the period. First Western Trust Bank bought a new position in shares of United Parcel Service during the first quarter valued at approximately $515,000. Finally, Stevens Capital Management LP acquired a new stake in shares of United Parcel Service during the 1st quarter worth approximately $701,000. 60.26% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at United Parcel Service

In other news, Director Eva C. Boratto bought 1,400 shares of the firm’s stock in a transaction on Friday, February 2nd. The stock was bought at an average cost of $142.30 per share, for a total transaction of $199,220.00. Following the completion of the acquisition, the director now directly owns 1,400 shares in the company, valued at approximately $199,220. The purchase was disclosed in a document filed with the SEC, which is available at this link. 0.13% of the stock is owned by insiders.

United Parcel Service Price Performance

NYSE UPS traded up $1.60 on Tuesday, reaching $149.22. The company’s stock had a trading volume of 4,934,162 shares, compared to its average volume of 4,452,942. United Parcel Service, Inc. has a twelve month low of $133.68 and a twelve month high of $197.80. 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 firm’s 50 day moving average is $150.10 and its two-hundred day moving average is $151.98. The stock has a market cap of $127.23 billion, a PE ratio of 19.16, a PEG ratio of 1.80 and a beta of 1.05.

United Parcel Service (NYSE:UPSGet Free Report) last released its earnings results on Tuesday, January 30th. The transportation company reported $2.47 EPS for the quarter, beating the consensus estimate of $2.46 by $0.01. The business had revenue of $24.92 billion during the quarter, compared to analyst estimates of $25.40 billion. United Parcel Service had a net margin of 7.37% and a return on equity of 39.46%. The business’s quarterly revenue was down 7.8% on a year-over-year basis. During the same period in the prior year, the business earned $3.62 earnings per share. As a group, sell-side analysts predict that United Parcel Service, Inc. will post 8.27 EPS for the current year.

United Parcel Service Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 8th. Investors of record on Tuesday, February 20th were issued a $1.63 dividend. This represents a $6.52 dividend on an annualized basis and a dividend yield of 4.37%. This is a boost from United Parcel Service’s previous quarterly dividend of $1.62. The ex-dividend date of this dividend was Friday, February 16th. United Parcel Service’s payout ratio is presently 83.70%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. TheStreet upgraded United Parcel Service from a “c” rating to a “b-” rating in a research report on Tuesday, January 30th. Barclays dropped their price objective on shares of United Parcel Service from $150.00 to $145.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 31st. Oppenheimer reiterated an “outperform” rating and issued a $153.00 price objective on shares of United Parcel Service in a research report on Wednesday, March 27th. UBS Group upgraded shares of United Parcel Service from a “neutral” rating to a “buy” rating and raised their price target for the company from $160.00 to $175.00 in a research note on Tuesday, February 6th. Finally, JPMorgan Chase & Co. reduced their price objective on United Parcel Service from $165.00 to $156.00 and set a “neutral” rating for the company in a research report on Thursday, December 21st. One investment analyst has rated the stock with a sell rating, sixteen have given a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $165.23.

View Our Latest Report on United Parcel Service

United Parcel Service Company Profile

(Free Report)

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.

Further Reading

Want to see what other hedge funds are holding UPS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for United Parcel Service, Inc. (NYSE:UPSFree Report).

Institutional Ownership by Quarter for United Parcel Service (NYSE:UPS)

Receive News & Ratings for United Parcel Service Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United Parcel Service and related companies with MarketBeat.com's FREE daily email newsletter.