United Parcel Service, Inc. (NYSE:UPS) Holdings Lowered by Edgar Lomax Co. VA

Edgar Lomax Co. VA lowered its stake in United Parcel Service, Inc. (NYSE:UPS) by 2.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 64,620 shares of the transportation company’s stock after selling 1,515 shares during the quarter. Edgar Lomax Co. VA’s holdings in United Parcel Service were worth $8,149,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. IMG Wealth Management Inc. acquired a new stake in shares of United Parcel Service during the fourth quarter valued at approximately $25,000. Generali Investments Management Co LLC acquired a new stake in United Parcel Service during the 4th quarter valued at $26,000. IFS Advisors LLC lifted its holdings in shares of United Parcel Service by 232.3% in the fourth quarter. IFS Advisors LLC now owns 216 shares of the transportation company’s stock valued at $27,000 after purchasing an additional 151 shares in the last quarter. Runnymede Capital Advisors Inc. acquired a new stake in shares of United Parcel Service in the fourth quarter worth $30,000. Finally, Whipplewood Advisors LLC purchased a new position in shares of United Parcel Service during the fourth quarter valued at $34,000. Institutional investors and hedge funds own 60.26% of the company’s stock.

United Parcel Service Price Performance

NYSE UPS opened at $96.34 on Friday. The company has a market cap of $82.29 billion, a P/E ratio of 14.25, a P/E/G ratio of 1.55 and a beta of 1.10. United Parcel Service, Inc. has a 1 year low of $90.55 and a 1 year high of $153.42. 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 company has a fifty day simple moving average of $110.40 and a 200 day simple moving average of $122.74.

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, topping 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 firm earned $2.47 EPS. On average, sell-side analysts predict that United Parcel Service, Inc. will post 7.95 EPS for the current year.

United Parcel Service Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 6th. Investors of record on Tuesday, February 18th were given a dividend of $1.64 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $6.56 dividend on an annualized basis and a yield of 6.81%. This is a positive change from United Parcel Service’s previous quarterly dividend of $1.63. United Parcel Service’s payout ratio is 97.04%.

Analysts Set New Price Targets

Several brokerages recently issued reports on UPS. Morgan Stanley reduced their price objective on United Parcel Service from $100.00 to $82.00 and set an “underweight” rating for the company in a research note on Friday, January 31st. Wells Fargo & Company decreased their price target on shares of United Parcel Service from $128.00 to $120.00 and set an “overweight” rating for the company in a report on Thursday, March 27th. JPMorgan Chase & Co. dropped their price objective on shares of United Parcel Service from $120.00 to $115.00 and set a “neutral” rating on the stock in a research note on Monday, April 7th. Raymond James decreased their target price on shares of United Parcel Service from $145.00 to $130.00 and set a “strong-buy” rating for the company in a research note on Wednesday, April 9th. Finally, StockNews.com upgraded shares of United Parcel Service from a “hold” rating to a “buy” rating in a report on Friday. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $129.70.

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.