United Parcel Service, Inc. (NYSE:UPS) Holdings Trimmed by Nemes Rush Group LLC

Nemes Rush Group LLC trimmed its holdings in United Parcel Service, Inc. (NYSE:UPS) by 84.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,769 shares of the transportation company’s stock after selling 9,524 shares during the quarter. Nemes Rush Group LLC’s holdings in United Parcel Service were worth $223,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Public Sector Pension Investment Board increased its holdings in shares of United Parcel Service by 14.5% in the third quarter. Public Sector Pension Investment Board now owns 32,289 shares of the transportation company’s stock valued at $4,402,000 after buying an additional 4,100 shares in the last quarter. Arete Wealth Advisors LLC raised its position in shares of United Parcel Service by 69.0% during the third quarter. Arete Wealth Advisors LLC now owns 19,068 shares of the transportation company’s stock worth $2,591,000 after purchasing an additional 7,786 shares during the period. True Wealth Design LLC lifted its holdings in shares of 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. Erste Asset Management GmbH acquired a new position in shares of United Parcel Service in the 3rd quarter valued at $2,054,000. Finally, Hilltop Holdings Inc. increased its stake in United Parcel Service by 28.4% in the 3rd quarter. Hilltop Holdings Inc. now owns 17,501 shares of the transportation company’s stock worth $2,386,000 after purchasing an additional 3,871 shares in the last quarter. Institutional investors own 60.26% of the company’s stock.

Analyst Ratings Changes

Several brokerages have commented on UPS. Wells Fargo & Company decreased their target price 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. Wolfe Research raised shares of United Parcel Service from a “peer perform” rating to an “outperform” rating and set a $147.00 price objective for the company in a research note on Wednesday, January 8th. Baird R W downgraded shares of United Parcel Service from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 31st. StockNews.com raised United Parcel Service from a “hold” rating to a “buy” rating in a research report on Wednesday, March 5th. Finally, The Goldman Sachs Group dropped their price target on United Parcel Service from $166.00 to $147.00 and set a “buy” rating on the stock in a research report on Friday, January 31st. Two research analysts have rated the stock with a sell rating, nine have given a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $135.83.

United Parcel Service Stock Down 0.6 %

Shares of United Parcel Service stock opened at $109.29 on Wednesday. United Parcel Service, Inc. has a 12-month low of $108.18 and a 12-month high of $154.29. The stock has a market capitalization of $93.35 billion, a P/E ratio of 16.17, a PEG ratio of 1.55 and a beta of 0.94. 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 stock has a 50 day moving average price of $117.65 and a two-hundred day moving average price of $126.15.

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

United Parcel Service Increases Dividend

The firm also recently disclosed 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. This represents a $6.56 annualized dividend and a dividend yield of 6.00%. The ex-dividend date was Tuesday, February 18th. This is a boost from United Parcel Service’s previous quarterly dividend of $1.63. United Parcel Service’s payout ratio is currently 97.04%.

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.