United Parcel Service, Inc. (NYSE:UPS) Shares Sold by Excalibur Management Corp

Excalibur Management Corp decreased its stake in United Parcel Service, Inc. (NYSE:UPS) by 2.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 11,829 shares of the transportation company’s stock after selling 277 shares during the period. Excalibur Management Corp’s holdings in United Parcel Service were worth $1,492,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Ausdal Financial Partners Inc. boosted its stake in United Parcel Service by 113.5% in the fourth quarter. Ausdal Financial Partners Inc. now owns 5,106 shares of the transportation company’s stock valued at $644,000 after acquiring an additional 2,714 shares in the last quarter. TrueMark Investments LLC increased its holdings in shares of United Parcel Service by 9.3% in the 4th quarter. TrueMark Investments LLC now owns 36,895 shares of the transportation company’s stock valued at $4,652,000 after acquiring an additional 3,132 shares during the period. Financial Engines Advisors L.L.C. acquired a new stake in United Parcel Service during the 4th quarter worth $336,000. Morey & Quinn Wealth Partners LLC purchased a new position in United Parcel Service during the 4th quarter worth $458,000. Finally, Trust Investment Advisors increased its stake in United Parcel Service by 14.0% in the fourth quarter. Trust Investment Advisors now owns 7,119 shares of the transportation company’s stock valued at $898,000 after purchasing an additional 877 shares during the period. 60.26% of the stock is owned by hedge funds and other institutional investors.

United Parcel Service Price Performance

UPS stock opened at $110.01 on Wednesday. The stock has a market capitalization of $93.97 billion, a price-to-earnings ratio of 16.27, a price-to-earnings-growth ratio of 1.55 and a beta of 0.94. The stock’s fifty day simple moving average is $119.63 and its 200-day simple moving average is $126.79. United Parcel Service, Inc. has a 52-week low of $109.40 and a 52-week high of $157.99. The company has a quick ratio of 1.14, a current ratio of 1.17 and a debt-to-equity ratio of 1.16.

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

United Parcel Service Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 6th. Stockholders of record on Tuesday, February 18th were paid a dividend of $1.64 per share. The ex-dividend date was Tuesday, February 18th. This is a boost from United Parcel Service’s previous quarterly dividend of $1.63. This represents a $6.56 annualized dividend and a dividend yield of 5.96%. United Parcel Service’s payout ratio is currently 97.04%.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Baird R W cut United Parcel Service from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 31st. Deutsche Bank Aktiengesellschaft assumed coverage on United Parcel Service in a report on Friday, March 7th. They issued a “hold” rating and a $119.00 target price on the stock. JPMorgan Chase & Co. decreased their price target on United Parcel Service from $135.00 to $120.00 and set a “neutral” rating for the company in a report on Friday, January 31st. BMO Capital Markets raised shares of United Parcel Service from a “market perform” rating to an “outperform” rating and dropped their price objective for the company from $155.00 to $150.00 in a research note on Tuesday, December 10th. Finally, Susquehanna reduced their target price on shares of United Parcel Service from $140.00 to $130.00 and set a “neutral” rating for the company in a research note on Friday, January 31st. Two research analysts have rated the stock with a sell rating, nine have given a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $137.91.

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.