Dechtman Wealth Management LLC Cuts Stock Position in United Parcel Service, Inc. (NYSE:UPS)

Dechtman Wealth Management LLC decreased its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 4.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,954 shares of the transportation company’s stock after selling 151 shares during the quarter. Dechtman Wealth Management LLC’s holdings in United Parcel Service were worth $372,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. IMG Wealth Management Inc. purchased a new stake in United Parcel Service during the 4th quarter valued at $25,000. Generali Investments Management Co LLC purchased a new stake in shares of United Parcel Service in the fourth quarter valued at $26,000. IFS Advisors LLC lifted its holdings in shares of 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 acquiring an additional 151 shares during the last quarter. True Wealth Design LLC boosted its stake in shares of United Parcel Service by 397.7% during the 3rd 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 period. Finally, Runnymede Capital Advisors Inc. bought a new position in United Parcel Service during the 4th quarter valued at about $30,000. 60.26% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on UPS shares. Wolfe Research upgraded United Parcel Service from a “peer perform” rating to an “outperform” rating and set a $147.00 target price for the company in a research report on Wednesday, January 8th. Stifel Nicolaus cut their price objective on United Parcel Service from $156.00 to $153.00 and set a “buy” rating on the stock in a research report on Thursday, January 23rd. JPMorgan Chase & Co. lowered their target price on shares of United Parcel Service from $135.00 to $120.00 and set a “neutral” rating for the company in a research note on Friday, January 31st. Loop Capital decreased their price objective 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. Finally, Baird R W downgraded shares of United Parcel Service from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 31st. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $137.91.

United Parcel Service Price Performance

Shares of UPS stock opened at $110.01 on Wednesday. United Parcel Service, Inc. has a fifty-two week low of $109.40 and a fifty-two week high of $157.99. 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 firm has a market capitalization of $93.97 billion, a price-to-earnings ratio of 16.27, a PEG ratio of 1.55 and a beta of 0.94. The stock’s 50-day simple moving average is $119.63 and its 200-day simple moving average is $126.79.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings results on Thursday, January 30th. The transportation company reported $2.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 last year, the business posted $2.47 EPS. As a group, equities analysts forecast that United Parcel Service, Inc. will post 7.95 earnings per share for the current fiscal year.

United Parcel Service Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 6th. Shareholders of record on Tuesday, February 18th were paid a dividend of $1.64 per share. This represents a $6.56 annualized dividend and a yield of 5.96%. 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. United Parcel Service’s payout ratio is presently 97.04%.

About United Parcel Service

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.