Wambolt & Associates LLC Trims Stock Holdings in United Parcel Service, Inc. (NYSE:UPS)

Wambolt & Associates LLC lowered its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 1.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 45,637 shares of the transportation company’s stock after selling 553 shares during the period. United Parcel Service comprises about 1.8% of Wambolt & Associates LLC’s investment portfolio, making the stock its 10th biggest position. Wambolt & Associates LLC’s holdings in United Parcel Service were worth $5,755,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. IMG Wealth Management Inc. purchased a new position in United Parcel Service during the fourth quarter valued at $25,000. Generali Investments Management Co LLC purchased a new stake in United Parcel Service during the 4th quarter valued at about $26,000. True Wealth Design LLC boosted its holdings in United Parcel Service by 397.7% in the third quarter. True Wealth Design LLC now owns 214 shares of the transportation company’s stock worth $29,000 after purchasing an additional 171 shares during the last quarter. IFS Advisors LLC grew its position 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. Finally, Runnymede Capital Advisors Inc. purchased a new stake in United Parcel Service during the 4th quarter valued at $30,000. 60.26% of the stock is owned by institutional investors.

United Parcel Service Trading Up 0.7 %

UPS opened at $115.88 on Tuesday. The stock has a market capitalization of $98.98 billion, a PE ratio of 17.14, 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 current ratio of 1.17 and a quick ratio of 1.14. United Parcel Service, Inc. has a 12-month low of $109.40 and a 12-month high of $157.99. The firm’s fifty day moving average price is $119.95 and its 200 day moving average price is $126.92.

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 analysts’ consensus estimates 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 last year, the business posted $2.47 earnings per share. As a group, research analysts expect that United Parcel Service, Inc. will post 7.95 EPS for the current fiscal year.

United Parcel Service Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 6th. Shareholders of record on Tuesday, February 18th were issued a $1.64 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $6.56 dividend on an annualized basis and a yield of 5.66%. This is a positive change from United Parcel Service’s previous quarterly dividend of $1.63. United Parcel Service’s dividend payout ratio (DPR) is 97.04%.

Analyst Ratings Changes

UPS has been the subject of a number of research reports. Citigroup reduced their price objective on United Parcel Service from $158.00 to $149.00 and set a “buy” rating for the company in a research report on Friday, January 31st. Wells Fargo & Company decreased their price objective on shares of United Parcel Service from $150.00 to $128.00 and set an “overweight” rating on the stock in a research report on Friday, January 31st. Truist Financial initiated coverage on shares of United Parcel Service in a research report on Thursday, March 13th. They set a “buy” rating and a $140.00 target price on the stock. BMO Capital Markets raised shares of United Parcel Service from a “market perform” rating to an “outperform” rating and cut their target price for the company from $155.00 to $150.00 in a research report on Tuesday, December 10th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on shares of United Parcel Service in a research note on Friday, March 7th. They set a “hold” rating and a $119.00 price target on the stock. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $138.09.

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.