Anchor Investment Management LLC Sells 1,510 Shares of United Parcel Service, Inc. (NYSE:UPS)

Anchor Investment Management LLC reduced its holdings in United Parcel Service, Inc. (NYSE:UPS) by 3.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 41,103 shares of the transportation company’s stock after selling 1,510 shares during the period. Anchor Investment Management LLC’s holdings in United Parcel Service were worth $5,183,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. AGP Franklin LLC acquired a new stake in United Parcel Service during the fourth quarter worth about $1,799,000. Ontario Teachers Pension Plan Board grew its holdings in shares of United Parcel Service by 108.5% during the 4th quarter. Ontario Teachers Pension Plan Board now owns 8,830 shares of the transportation company’s stock worth $1,113,000 after purchasing an additional 4,595 shares in the last quarter. Guggenheim Capital LLC increased its position in shares of United Parcel Service by 0.3% during the fourth quarter. Guggenheim Capital LLC now owns 256,667 shares of the transportation company’s stock valued at $32,366,000 after purchasing an additional 677 shares during the period. Aware Super Pty Ltd as trustee of Aware Super acquired a new position in shares of United Parcel Service in the fourth quarter valued at $13,383,000. Finally, Canada Post Corp Registered Pension Plan bought a new position in United Parcel Service in the fourth quarter worth $1,869,000. 60.26% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on UPS. Barclays reduced their price objective on shares of United Parcel Service from $100.00 to $90.00 and set an “underweight” rating for the company in a report on Monday, March 31st. StockNews.com lowered United Parcel Service from a “buy” rating to a “hold” rating in a research note on Thursday, April 10th. Wells Fargo & Company decreased their price target on United Parcel Service from $128.00 to $120.00 and set an “overweight” rating on the stock in a research note on Thursday, March 27th. Citigroup cut their price objective on United Parcel Service from $149.00 to $123.00 and set a “buy” rating for the company in a report on Tuesday, April 8th. Finally, Bank of America reduced their target price on United Parcel Service from $133.00 to $129.00 and set a “buy” rating on the stock in a report on Tuesday, March 25th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $131.32.

United Parcel Service Stock Up 1.4 %

NYSE:UPS opened at $98.46 on Tuesday. The stock has a market cap of $84.10 billion, a price-to-earnings ratio of 14.57, a PEG ratio of 1.55 and a beta of 1.10. The company has a current ratio of 1.17, a quick ratio of 1.14 and a debt-to-equity ratio of 1.16. The stock has a 50-day moving average price of $111.84 and a two-hundred day moving average price of $123.66. United Parcel Service, Inc. has a 1 year low of $90.55 and a 1 year high of $153.42.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings data on Thursday, January 30th. The transportation company reported $2.75 EPS for the quarter, beating 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 period in the previous year, the company posted $2.47 EPS. As a group, equities analysts expect that United Parcel Service, Inc. will post 7.95 earnings per share for the current year.

United Parcel Service Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 6th. Stockholders of record on Tuesday, February 18th were given a $1.64 dividend. This represents a $6.56 dividend on an annualized basis and a dividend yield of 6.66%. This is a boost from United Parcel Service’s previous quarterly dividend of $1.63. The ex-dividend date of this dividend was Tuesday, February 18th. United Parcel Service’s dividend payout ratio (DPR) 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.