Addison Advisors LLC Cuts Position in United Parcel Service, Inc. (NYSE:UPS)

Addison Advisors LLC trimmed its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 69.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 391 shares of the transportation company’s stock after selling 899 shares during the period. Addison Advisors LLC’s holdings in United Parcel Service were worth $49,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. BankPlus Trust Department acquired a new position in United Parcel Service in the fourth quarter valued at approximately $825,000. Skylands Capital LLC boosted its holdings in United Parcel Service by 24.6% in the fourth quarter. Skylands Capital LLC now owns 40,200 shares of the transportation company’s stock valued at $5,069,000 after purchasing an additional 7,925 shares in the last quarter. IFP Advisors Inc boosted its holdings in United Parcel Service by 270.4% in the fourth quarter. IFP Advisors Inc now owns 7,933 shares of the transportation company’s stock valued at $1,000,000 after purchasing an additional 5,791 shares in the last quarter. Y Intercept Hong Kong Ltd acquired a new position in United Parcel Service in the fourth quarter valued at approximately $1,574,000. Finally, South Dakota Investment Council boosted its holdings in United Parcel Service by 42.9% in the fourth quarter. South Dakota Investment Council now owns 117,820 shares of the transportation company’s stock valued at $14,857,000 after purchasing an additional 35,370 shares in the last quarter. 60.26% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

UPS has been the subject of a number of research analyst reports. JPMorgan Chase & Co. lowered their price target on United Parcel Service from $135.00 to $120.00 and set a “neutral” rating for the company in a report on Friday, January 31st. Raymond James decreased their price objective on United Parcel Service from $155.00 to $145.00 and set a “strong-buy” rating for the company in a report on Friday, January 31st. Robert W. Baird downgraded United Parcel Service from an “outperform” rating to a “neutral” rating and decreased their price objective for the company from $160.00 to $130.00 in a report on Friday, January 31st. Evercore ISI increased their price objective on United Parcel Service from $141.00 to $147.00 and gave the company an “in-line” rating in a report on Wednesday, January 22nd. Finally, Morgan Stanley decreased their price objective on United Parcel Service from $100.00 to $82.00 and set an “underweight” rating for the company in a report on Friday, January 31st. Two analysts have rated the stock with a sell rating, nine have issued a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $140.73.

United Parcel Service Trading Up 1.7 %

NYSE:UPS opened at $118.11 on Wednesday. The stock has a fifty day moving average price of $122.78 and a two-hundred day moving average price of $128.27. The stock has a market capitalization of $100.89 billion, a price-to-earnings ratio of 17.47, a PEG ratio of 1.55 and a beta of 0.98. 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, Inc. has a 1 year low of $109.40 and a 1 year high of $158.95.

United Parcel Service (NYSE:UPS) last released its quarterly earnings data 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 return on equity of 39.13% and a net margin of 6.35%. During the same period in the previous year, the business earned $2.47 earnings per share. As a group, sell-side analysts anticipate that United Parcel Service, Inc. will post 7.95 earnings per share for the current fiscal year.

United Parcel Service Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 6th. Shareholders of record on Tuesday, February 18th will be given a $1.64 dividend. This is a boost from United Parcel Service’s previous quarterly dividend of $1.63. The ex-dividend date is Tuesday, February 18th. This represents a $6.56 annualized dividend and a yield of 5.55%. United Parcel Service’s dividend payout ratio is presently 97.04%.

United Parcel Service Company 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.