L.M. Kohn & Company Has $1.35 Million Position in United Parcel Service, Inc. (NYSE:UPS)

L.M. Kohn & Company lowered its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 8.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 10,727 shares of the transportation company’s stock after selling 981 shares during the quarter. L.M. Kohn & Company’s holdings in United Parcel Service were worth $1,353,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of UPS. State Street Corp grew its holdings in shares of United Parcel Service by 2.1% in the 3rd quarter. State Street Corp now owns 29,597,425 shares of the transportation company’s stock valued at $4,035,313,000 after buying an additional 613,409 shares during the period. Charles Schwab Investment Management Inc. grew its position in shares of United Parcel Service by 6.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 21,927,607 shares of the transportation company’s stock valued at $2,989,609,000 after purchasing an additional 1,320,921 shares during the period. Geode Capital Management LLC grew its position in shares of United Parcel Service by 2.5% in the 3rd quarter. Geode Capital Management LLC now owns 15,289,624 shares of the transportation company’s stock valued at $2,080,170,000 after purchasing an additional 373,202 shares during the period. International Assets Investment Management LLC grew its position in shares of United Parcel Service by 15,779.6% in the 3rd quarter. International Assets Investment Management LLC now owns 14,631,461 shares of the transportation company’s stock valued at $1,994,853,000 after purchasing an additional 14,539,321 shares during the period. Finally, FMR LLC boosted its holdings in shares of United Parcel Service by 3.7% in the third quarter. FMR LLC now owns 10,627,550 shares of the transportation company’s stock valued at $1,448,960,000 after buying an additional 380,229 shares during the period. Institutional investors and hedge funds own 60.26% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Baird R W lowered shares of United Parcel Service from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 31st. Barclays reiterated an “underweight” rating and set a $120.00 price objective on shares of United Parcel Service in a report on Monday, October 21st. Evercore ISI upped their price target on United Parcel Service from $141.00 to $147.00 and gave the stock an “in-line” rating in a research report on Wednesday, January 22nd. BMO Capital Markets upgraded shares of United Parcel Service from a “market perform” rating to an “outperform” rating and lowered their price objective for the company from $155.00 to $150.00 in a report on Tuesday, December 10th. Finally, Loop Capital reduced their target price on shares of United Parcel Service from $120.00 to $115.00 and set a “hold” rating for the company in a report on Monday, February 3rd. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $140.73.

Insiders Place Their Bets

In other United Parcel Service news, insider Norman M. Brothers, Jr. sold 7,325 shares of United Parcel Service stock in a transaction on Monday, November 25th. The stock was sold at an average price of $138.57, for a total value of $1,015,025.25. Following the completion of the transaction, the insider now directly owns 45,098 shares of the company’s stock, valued at $6,249,229.86. The trade was a 13.97 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.13% of the company’s stock.

United Parcel Service Stock Performance

NYSE UPS opened at $116.37 on Friday. The firm has a 50-day moving average of $124.53 and a 200-day moving average of $128.78. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.14 and a current ratio of 1.17. The stock has a market cap of $99.31 billion, a PE ratio of 17.21, a P/E/G ratio of 1.50 and a beta of 0.98. United Parcel Service, Inc. has a 52-week low of $109.40 and a 52-week high of $158.95.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings data on Thursday, January 30th. The transportation company reported $2.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.52 by $0.23. United Parcel Service had a net margin of 6.35% and a return on equity of 39.13%. During the same quarter in the prior year, the firm earned $2.47 earnings per share. On average, sell-side analysts anticipate that United Parcel Service, Inc. will post 7.99 EPS for the current year.

United Parcel Service Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 6th. Shareholders of record on Tuesday, February 18th will be paid a $1.64 dividend. 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 payout ratio is 96.45%.

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.