United Parcel Service, Inc. (NYSE:UPS) Shares Sold by Bank OZK

Bank OZK lessened its stake in United Parcel Service, Inc. (NYSE:UPS) by 51.5% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,927 shares of the transportation company’s stock after selling 2,047 shares during the period. Bank OZK’s holdings in United Parcel Service were worth $243,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in UPS. IFS Advisors LLC increased its position in United Parcel Service by 232.3% in the 4th quarter. IFS Advisors LLC now owns 216 shares of the transportation company’s stock valued at $27,000 after acquiring an additional 151 shares during the period. True Wealth Design LLC increased its position in United Parcel Service by 397.7% during the 3rd quarter. True Wealth Design LLC now owns 214 shares of the transportation company’s stock worth $29,000 after purchasing an additional 171 shares during the period. Princeton Global Asset Management LLC increased its position in United Parcel Service by 720.0% during the 3rd quarter. Princeton Global Asset Management LLC now owns 246 shares of the transportation company’s stock worth $34,000 after purchasing an additional 216 shares during the period. Whipplewood Advisors LLC acquired a new position in United Parcel Service during the 4th quarter worth approximately $34,000. Finally, FSA Wealth Management LLC acquired a new position in United Parcel Service during the 3rd quarter worth approximately $36,000. Institutional investors and hedge funds own 60.26% of the company’s stock.

United Parcel Service Trading Up 1.1 %

Shares of UPS opened at $118.97 on Friday. The stock has a fifty day moving average of $122.41 and a two-hundred day moving average of $128.07. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.14 and a current ratio of 1.17. The company has a market capitalization of $101.62 billion, a PE ratio of 17.60, a price-to-earnings-growth ratio of 1.55 and a beta of 0.98. United Parcel Service, Inc. has a fifty-two week low of $109.40 and a fifty-two week high of $158.95.

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

United Parcel Service Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 6th. Shareholders of record on Tuesday, February 18th will be issued a $1.64 dividend. The ex-dividend date is Tuesday, February 18th. This is an increase from United Parcel Service’s previous quarterly dividend of $1.63. This represents a $6.56 annualized dividend and a yield of 5.51%. United Parcel Service’s payout ratio is 97.04%.

Wall Street Analyst Weigh In

Several research firms have issued reports on UPS. UBS Group dropped their target price on United Parcel Service from $170.00 to $141.00 and set a “buy” rating on the stock in a research report on Friday, January 31st. Citigroup dropped their target price 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. Wells Fargo & Company dropped their target price on United Parcel Service from $150.00 to $128.00 and set an “overweight” rating on the stock in a research report on Friday, January 31st. Raymond James decreased their price target on United Parcel Service from $155.00 to $145.00 and set a “strong-buy” rating on the stock in a research note on Friday, January 31st. Finally, Evercore ISI boosted their price target on United Parcel Service from $141.00 to $147.00 and gave the stock an “in-line” rating in a research note on Wednesday, January 22nd. Two analysts have rated the stock with a sell rating, nine have given a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $140.73.

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.