Xcel Wealth Management LLC Sells 117 Shares of United Parcel Service, Inc. (NYSE:UPS)

Xcel Wealth Management LLC decreased its holdings in United Parcel Service, Inc. (NYSE:UPS) by 0.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 12,292 shares of the transportation company’s stock after selling 117 shares during the period. Xcel Wealth Management LLC’s holdings in United Parcel Service were worth $1,550,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Principal Financial Group Inc. grew its position in 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 worth $113,064,000 after acquiring an additional 33,989 shares during the last quarter. Onyx Bridge Wealth Group LLC bought a new stake in United Parcel Service during the 4th quarter worth $461,000. Synovus Financial Corp grew its position in United Parcel Service by 8.6% during the 3rd 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 during the last quarter. Van ECK Associates Corp grew its position in United Parcel Service by 1,061.1% during 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 bought a new stake in United Parcel Service during the 4th quarter worth $1,305,000. Institutional investors own 60.26% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on UPS. Citigroup reduced their price objective on United Parcel Service from $158.00 to $149.00 and set a “buy” rating on the stock in a research report on Friday, January 31st. Argus upgraded United Parcel Service from a “hold” rating to a “buy” rating in a research report on Tuesday, November 5th. StockNews.com downgraded United Parcel Service from a “buy” rating to a “hold” rating in a report on Tuesday. JPMorgan Chase & Co. cut their target price on United Parcel Service from $135.00 to $120.00 and set a “neutral” rating on the stock in a report on Friday, January 31st. Finally, Baird R W downgraded United Parcel Service from a “strong-buy” rating to a “hold” rating in a report on Friday, January 31st. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $140.73.

United Parcel Service Stock Up 1.1 %

Shares of NYSE:UPS opened at $118.97 on Friday. United Parcel Service, Inc. has a 1 year low of $109.40 and a 1 year high of $158.95. The company has a market capitalization of $101.62 billion, a price-to-earnings ratio of 17.60, a P/E/G ratio of 1.55 and a beta of 0.98. The business’s 50-day moving average is $122.41 and its 200-day moving average is $128.07. 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 (NYSE:UPS) last issued its earnings results on Thursday, January 30th. The transportation company reported $2.75 EPS for the quarter, beating 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. Equities research analysts predict that United Parcel Service, Inc. will post 7.95 earnings per share for the current year.

United Parcel Service Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 6th. Investors of record on Tuesday, February 18th will be given a $1.64 dividend. This represents a $6.56 dividend on an annualized basis and a yield of 5.51%. This is a positive change from United Parcel Service’s previous quarterly dividend of $1.63. The ex-dividend date of this dividend is Tuesday, February 18th. United Parcel Service’s payout ratio is presently 97.04%.

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.