Raab & Moskowitz Asset Management LLC Sells 257 Shares of United Parcel Service, Inc. (NYSE:UPS)

Raab & Moskowitz Asset Management LLC cut its stake in United Parcel Service, Inc. (NYSE:UPS) by 5.3% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,608 shares of the transportation company’s stock after selling 257 shares during the period. Raab & Moskowitz Asset Management LLC’s holdings in United Parcel Service were worth $581,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Principal Financial Group Inc. increased its position in shares of United Parcel Service by 4.3% during the 3rd quarter. Principal Financial Group Inc. now owns 829,280 shares of the transportation company’s stock valued at $113,064,000 after purchasing an additional 33,989 shares during the last quarter. Onyx Bridge Wealth Group LLC bought a new position in United Parcel Service during the fourth quarter valued at approximately $461,000. Synovus Financial Corp raised its stake in shares of United Parcel Service by 8.6% during the third quarter. Synovus Financial Corp now owns 87,531 shares of the transportation company’s stock worth $11,934,000 after acquiring an additional 6,941 shares in the last quarter. Van ECK Associates Corp lifted its holdings in shares of United Parcel Service by 1,061.1% in the 3rd quarter. Van ECK Associates Corp now owns 1,772,765 shares of the transportation company’s stock worth $232,959,000 after acquiring an additional 1,620,091 shares during the last quarter. Finally, HF Advisory Group LLC purchased a new stake in shares of United Parcel Service in the 4th quarter valued at $1,305,000. Institutional investors own 60.26% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. JPMorgan Chase & Co. decreased their target price on shares of United Parcel Service from $135.00 to $120.00 and set a “neutral” rating on the stock in a research report on Friday, January 31st. Wells Fargo & Company decreased their price objective on United Parcel Service from $150.00 to $128.00 and set an “overweight” rating on the stock in a report on Friday, January 31st. Loop Capital dropped their target price on United Parcel Service from $120.00 to $115.00 and set a “hold” rating for the company in a report on Monday, February 3rd. Susquehanna reduced their price target on United Parcel Service from $140.00 to $130.00 and set a “neutral” rating on the stock in a research report on Friday, January 31st. Finally, Oppenheimer boosted their price objective on United Parcel Service from $140.00 to $146.00 and gave the company an “outperform” rating in a research report on Monday, October 28th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $140.73.

Insider Activity at United Parcel Service

In related news, insider Norman M. Brothers, Jr. sold 7,325 shares of the stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $138.57, for a total transaction of $1,015,025.25. Following the sale, the insider now directly owns 45,098 shares of the company’s stock, valued at approximately $6,249,229.86. This represents a 13.97 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.13% of the stock is owned by corporate insiders.

United Parcel Service Trading Down 0.2 %

UPS opened at $114.25 on Thursday. The company has a quick ratio of 1.14, a current ratio of 1.17 and a debt-to-equity ratio of 1.16. United Parcel Service, Inc. has a 52 week low of $109.40 and a 52 week high of $158.95. The stock has a market cap of $97.50 billion, a PE ratio of 16.90, a PEG ratio of 1.50 and a beta of 0.98. The business has a 50 day moving average of $125.25 and a 200-day moving average of $129.06.

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, 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 period last year, the business posted $2.47 earnings per share. Equities research analysts predict that United Parcel Service, Inc. will post 7.99 earnings per share for the current fiscal year.

United Parcel Service Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 6th. Investors of record on Tuesday, February 18th will be paid a $1.64 dividend. The ex-dividend date is Tuesday, February 18th. This represents a $6.56 annualized dividend and a dividend yield of 5.74%. This is an increase from United Parcel Service’s previous quarterly dividend of $1.63. United Parcel Service’s dividend payout ratio is presently 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.