United Parcel Service, Inc. (NYSE:UPS) Shares Sold by Gray Wealth Management Inc.

Gray Wealth Management Inc. lowered its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 5.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,769 shares of the transportation company’s stock after selling 166 shares during the quarter. Gray Wealth Management Inc.’s holdings in United Parcel Service were worth $435,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. OFI Invest Asset Management acquired a new stake in shares of United Parcel Service in the third quarter worth approximately $25,000. IMA Wealth Inc. raised its stake in United Parcel Service by 100.0% during the second quarter. IMA Wealth Inc. now owns 142 shares of the transportation company’s stock worth $25,000 after purchasing an additional 71 shares during the period. Pacific Center for Financial Services acquired a new position in shares of United Parcel Service in the 1st quarter valued at $25,000. Tennessee Valley Asset Management Partners purchased a new stake in shares of United Parcel Service during the 4th quarter valued at $26,000. Finally, Worth Asset Management LLC acquired a new stake in shares of United Parcel Service during the 1st quarter worth $27,000. 60.26% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have issued reports on UPS shares. TD Cowen lowered their price target on United Parcel Service from $147.00 to $140.00 and set a “hold” rating for the company in a research report on Thursday, March 28th. UBS Group raised shares of United Parcel Service from a “neutral” rating to a “buy” rating and increased their target price for the stock from $160.00 to $175.00 in a research report on Tuesday, February 6th. JPMorgan Chase & Co. reduced their price target on shares of United Parcel Service from $154.00 to $150.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 9th. Redburn Atlantic upgraded shares of United Parcel Service from a “neutral” rating to a “buy” rating and set a $180.00 price objective for the company in a research note on Wednesday, April 3rd. Finally, Susquehanna reissued a “neutral” rating and issued a $150.00 target price on shares of United Parcel Service in a research note on Wednesday, March 27th. One analyst has rated the stock with a sell rating, sixteen have issued a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, United Parcel Service presently has an average rating of “Hold” and a consensus price target of $165.61.

Insider Transactions at United Parcel Service

In other news, Director Eva C. Boratto purchased 1,400 shares of the company’s stock in a transaction that occurred on Friday, February 2nd. The shares were acquired at an average cost of $142.30 per share, with a total value of $199,220.00. Following the transaction, the director now owns 1,400 shares in the company, valued at approximately $199,220. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.13% of the company’s stock.

United Parcel Service Stock Up 0.3 %

Shares of NYSE:UPS traded up $0.49 during midday trading on Thursday, reaching $142.74. The company had a trading volume of 3,290,558 shares, compared to its average volume of 4,307,722. The stock has a market capitalization of $121.71 billion, a P/E ratio of 18.29, a PEG ratio of 1.66 and a beta of 1.05. The stock’s fifty day moving average price is $149.65 and its 200-day moving average price is $151.34. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.10 and a quick ratio of 1.10. United Parcel Service, Inc. has a one year low of $133.68 and a one year high of $197.80.

United Parcel Service (NYSE:UPS) last released its earnings results on Tuesday, January 30th. The transportation company reported $2.47 earnings per share for the quarter, topping the consensus estimate of $2.46 by $0.01. United Parcel Service had a net margin of 7.37% and a return on equity of 39.46%. The company had revenue of $24.92 billion during the quarter, compared to the consensus estimate of $25.40 billion. During the same quarter in the previous year, the firm earned $3.62 EPS. The company’s revenue was down 7.8% on a year-over-year basis. Equities research analysts expect that United Parcel Service, Inc. will post 8.2 earnings per share for the current fiscal year.

United Parcel Service Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 8th. Shareholders of record on Tuesday, February 20th were issued a dividend of $1.63 per share. This represents a $6.52 dividend on an annualized basis and a yield of 4.57%. The ex-dividend date of this dividend was Friday, February 16th. This is an increase from United Parcel Service’s previous quarterly dividend of $1.62. United Parcel Service’s dividend payout ratio (DPR) is currently 83.70%.

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.