United Parcel Service, Inc. (NYSE:UPS) Shares Sold by Carlton Hofferkamp & Jenks Wealth Management LLC

Carlton Hofferkamp & Jenks Wealth Management LLC trimmed its position in United Parcel Service, Inc. (NYSE:UPS) by 6.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,864 shares of the transportation company’s stock after selling 698 shares during the period. Carlton Hofferkamp & Jenks Wealth Management LLC’s holdings in United Parcel Service were worth $1,370,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. Steward Partners Investment Advisory LLC boosted its stake in United Parcel Service by 3.4% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 70,388 shares of the transportation company’s stock valued at $8,876,000 after acquiring an additional 2,315 shares in the last quarter. Woodley Farra Manion Portfolio Management Inc. boosted its stake in United Parcel Service by 4.5% in the fourth quarter. Woodley Farra Manion Portfolio Management Inc. now owns 21,868 shares of the transportation company’s stock valued at $2,758,000 after acquiring an additional 950 shares in the last quarter. Fidelis Capital Partners LLC boosted its stake in United Parcel Service by 22.9% in the fourth quarter. Fidelis Capital Partners LLC now owns 3,528 shares of the transportation company’s stock valued at $445,000 after acquiring an additional 657 shares in the last quarter. Plato Investment Management Ltd boosted its stake in United Parcel Service by 13.6% in the fourth quarter. Plato Investment Management Ltd now owns 2,768 shares of the transportation company’s stock valued at $350,000 after acquiring an additional 331 shares in the last quarter. Finally, SBI Securities Co. Ltd. acquired a new stake in United Parcel Service in the fourth quarter valued at approximately $177,000. 60.26% of the stock is currently owned by institutional investors and hedge funds.

United Parcel Service Stock Performance

NYSE:UPS opened at $119.27 on Tuesday. 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 stock has a market capitalization of $101.88 billion, a P/E ratio of 17.64, a PEG ratio of 1.55 and a beta of 0.98. The company has a 50 day moving average price of $122.28 and a 200 day moving average price of $128.03. 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 posted its quarterly earnings data on Thursday, January 30th. The transportation company reported $2.75 earnings per share for the quarter, topping analysts’ consensus estimates 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 quarter in the previous year, the company posted $2.47 earnings per share. Equities research 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 given a $1.64 dividend. This represents a $6.56 annualized dividend and a yield of 5.50%. The ex-dividend date of this dividend is Tuesday, February 18th. This is a boost from United Parcel Service’s previous quarterly dividend of $1.63. United Parcel Service’s dividend payout ratio (DPR) is currently 97.04%.

Analysts Set New Price Targets

Several research firms have recently commented on UPS. Morgan Stanley lowered their price objective on shares of 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. UBS Group dropped their price objective on shares of United Parcel Service from $170.00 to $141.00 and set a “buy” rating on the stock in a report on Friday, January 31st. Wolfe Research raised shares of United Parcel Service from a “peer perform” rating to an “outperform” rating and set a $147.00 price objective on the stock in a report on Wednesday, January 8th. Argus raised shares of United Parcel Service from a “hold” rating to a “buy” rating in a report on Tuesday, November 5th. Finally, Citigroup dropped their price objective on shares of United Parcel Service from $158.00 to $149.00 and set a “buy” rating on the stock in a report on Friday, January 31st. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus 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.