Mayar Capital Ltd. Sells 14,368 Shares of United Parcel Service, Inc. (NYSE:UPS)

Mayar Capital Ltd. trimmed its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 12.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 104,320 shares of the transportation company’s stock after selling 14,368 shares during the period. United Parcel Service makes up about 17.2% of Mayar Capital Ltd.’s portfolio, making the stock its 2nd biggest position. Mayar Capital Ltd.’s holdings in United Parcel Service were worth $13,155,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in UPS. IFS Advisors LLC raised its holdings in United Parcel Service by 232.3% in the 4th quarter. IFS Advisors LLC now owns 216 shares of the transportation company’s stock worth $27,000 after purchasing an additional 151 shares during the period. True Wealth Design LLC grew its holdings in United Parcel Service by 397.7% in the 3rd quarter. True Wealth Design LLC now owns 214 shares of the transportation company’s stock valued at $29,000 after buying an additional 171 shares in the last quarter. Whipplewood Advisors LLC purchased a new position in shares of United Parcel Service during the 4th quarter worth $34,000. FSA Wealth Management LLC purchased a new stake in shares of United Parcel Service in the third quarter valued at about $36,000. Finally, Sugar Maple Asset Management LLC acquired a new stake in United Parcel Service during the fourth quarter worth about $38,000. 60.26% of the stock is owned by hedge funds and other institutional investors.

United Parcel Service Price Performance

UPS opened at $121.59 on Friday. United Parcel Service, Inc. has a 1 year low of $109.40 and a 1 year high of $158.95. The company’s 50 day simple moving average is $121.73 and its 200 day simple moving average is $127.77. The stock has a market capitalization of $103.85 billion, a PE ratio of 17.99, a P/E/G ratio of 1.55 and a beta of 0.94. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.14 and a current ratio of 1.17.

United Parcel Service (NYSE:UPS) last released its quarterly earnings results on Thursday, January 30th. The transportation company reported $2.75 EPS for the quarter, topping 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 quarter last year, the firm posted $2.47 EPS. As a group, sell-side analysts expect that United Parcel Service, Inc. will post 7.95 EPS for the current year.

United Parcel Service Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 6th. Stockholders of record on Tuesday, February 18th were paid a dividend of $1.64 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This is an increase from United Parcel Service’s previous quarterly dividend of $1.63. This represents a $6.56 annualized dividend and a dividend yield of 5.40%. United Parcel Service’s dividend payout ratio (DPR) is currently 97.04%.

Analysts Set New Price Targets

Several equities analysts have weighed in on the stock. Wells Fargo & Company decreased their target price on shares of United Parcel Service from $150.00 to $128.00 and set an “overweight” rating on the stock in a report on Friday, January 31st. BMO Capital Markets upgraded United Parcel Service from a “market perform” rating to an “outperform” rating and lowered their price objective for the stock from $155.00 to $150.00 in a research report on Tuesday, December 10th. Wolfe Research upgraded United Parcel Service from a “peer perform” rating to an “outperform” rating and set a $147.00 target price on the stock in a research report on Wednesday, January 8th. Evercore ISI increased their price target on United Parcel Service from $141.00 to $147.00 and gave the stock an “in-line” rating in a report on Wednesday, January 22nd. Finally, StockNews.com raised shares of United Parcel Service from a “hold” rating to a “buy” rating in a research report on Wednesday. Two research analysts have rated the stock with a sell rating, nine have given a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $138.00.

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.