Signaturefd LLC Has $5.52 Million Stock Holdings in United Parcel Service, Inc. (NYSE:UPS)

Signaturefd LLC decreased its position in United Parcel Service, Inc. (NYSE:UPS) by 0.5% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 43,744 shares of the transportation company’s stock after selling 202 shares during the period. Signaturefd LLC’s holdings in United Parcel Service were worth $5,516,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the business. IMG Wealth Management Inc. bought a new position in United Parcel Service in the fourth quarter valued at $25,000. IFS Advisors LLC increased its position 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 acquiring an additional 151 shares during the last quarter. True Wealth Design LLC boosted its position in United Parcel Service by 397.7% during the third quarter. True Wealth Design LLC now owns 214 shares of the transportation company’s stock valued at $29,000 after purchasing an additional 171 shares during the last quarter. Whipplewood Advisors LLC bought a new position in United Parcel Service in the fourth quarter valued at approximately $34,000. Finally, Hopwood Financial Services Inc. acquired a new position in shares of United Parcel Service during the 4th quarter worth approximately $35,000. 60.26% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts recently weighed in on UPS shares. Raymond James decreased their target price on shares of United Parcel Service from $155.00 to $145.00 and set a “strong-buy” rating for the company in a research note on Friday, January 31st. Deutsche Bank Aktiengesellschaft began coverage on shares of United Parcel Service in a research note on Friday, March 7th. They set a “hold” rating and a $119.00 price objective on the stock. Bank of America reduced their price target on United Parcel Service from $150.00 to $133.00 and set a “buy” rating for the company in a report on Friday, January 31st. Wells Fargo & Company dropped their price objective on United Parcel Service from $150.00 to $128.00 and set an “overweight” rating on the stock in a research note on Friday, January 31st. Finally, The Goldman Sachs Group reduced their target price on United Parcel Service from $166.00 to $147.00 and set a “buy” rating for the company in a research note on Friday, January 31st. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $138.09.

United Parcel Service Stock Up 1.4 %

UPS stock opened at $116.90 on Monday. United Parcel Service, Inc. has a 52 week low of $109.40 and a 52 week high of $158.95. The business has a 50-day simple moving average of $120.91 and a 200 day simple moving average of $127.38. The company has a quick ratio of 1.14, a current ratio of 1.17 and a debt-to-equity ratio of 1.16. The company has a market cap of $99.85 billion, a PE ratio of 17.29, a price-to-earnings-growth ratio of 1.55 and a beta of 0.94.

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, 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 prior year, the firm posted $2.47 earnings per share. Sell-side analysts anticipate that United Parcel Service, Inc. will post 7.95 EPS for the current fiscal year.

United Parcel Service Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 6th. Stockholders of record on Tuesday, February 18th were issued 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 dividend yield of 5.61%. This is a boost from United Parcel Service’s previous quarterly dividend of $1.63. United Parcel Service’s payout ratio is 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.