First Horizon Advisors Inc. Has $623,000 Holdings in United Parcel Service, Inc. (NYSE:UPS)

First Horizon Advisors Inc. cut its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 4.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,938 shares of the transportation company’s stock after selling 226 shares during the period. First Horizon Advisors Inc.’s holdings in United Parcel Service were worth $623,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. IFS Advisors LLC raised its position in shares of United Parcel Service by 232.3% in the 4th 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 period. True Wealth Design LLC raised its position in shares of United Parcel Service by 397.7% in the 3rd quarter. True Wealth Design LLC now owns 214 shares of the transportation company’s stock valued at $29,000 after acquiring an additional 171 shares during the period. Princeton Global Asset Management LLC raised its position in shares of United Parcel Service by 720.0% in the 3rd quarter. Princeton Global Asset Management LLC now owns 246 shares of the transportation company’s stock valued at $34,000 after acquiring an additional 216 shares during the period. FSA Wealth Management LLC acquired a new stake in shares of United Parcel Service in the 3rd quarter valued at approximately $36,000. Finally, Sugar Maple Asset Management LLC acquired a new stake in shares of United Parcel Service in the 4th quarter valued at approximately $38,000. 60.26% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Evercore ISI increased their price target on shares of United Parcel Service from $141.00 to $147.00 and gave the company an “in-line” rating in a research report on Wednesday, January 22nd. Susquehanna dropped their target price on shares of United Parcel Service from $140.00 to $130.00 and set a “neutral” rating on the stock in a report on Friday, January 31st. The Goldman Sachs Group dropped their target price on shares of United Parcel Service from $166.00 to $147.00 and set a “buy” rating on the stock in a report on Friday, January 31st. Wells Fargo & Company dropped their target price on shares of United Parcel Service from $150.00 to $128.00 and set an “overweight” rating on the stock in a report on Friday, January 31st. Finally, StockNews.com upgraded shares of United Parcel Service from a “hold” rating to a “buy” rating in a report on Wednesday, November 6th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $140.73.

United Parcel Service Price Performance

NYSE:UPS opened at $116.00 on Tuesday. United Parcel Service, Inc. has a 1-year low of $109.40 and a 1-year high of $158.95. The company has a current ratio of 1.17, a quick ratio of 1.14 and a debt-to-equity ratio of 1.16. The firm has a fifty day simple moving average of $122.96 and a 200 day simple moving average of $128.32. The stock has a market capitalization of $99.08 billion, a PE ratio of 17.16, a P/E/G ratio of 1.55 and a beta of 0.98.

United Parcel Service (NYSE:UPS) last released its earnings results on Thursday, January 30th. The transportation company reported $2.75 earnings per share for the quarter, beating the consensus estimate 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 in the previous year, the firm earned $2.47 earnings per share. On average, research analysts expect 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 will be paid on Thursday, March 6th. Shareholders of record on Tuesday, February 18th will be issued a dividend of $1.64 per share. This is an increase from United Parcel Service’s previous quarterly dividend of $1.63. The ex-dividend date is Tuesday, February 18th. This represents a $6.56 annualized dividend and a yield of 5.66%. United Parcel Service’s dividend payout ratio (DPR) is currently 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.