Te Ahumairangi Investment Management Ltd Has $1.95 Million Position in United Parcel Service, Inc. (NYSE:UPS)

Te Ahumairangi Investment Management Ltd lessened its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 10.4% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 15,436 shares of the transportation company’s stock after selling 1,800 shares during the period. Te Ahumairangi Investment Management Ltd’s holdings in United Parcel Service were worth $1,946,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in UPS. IMG Wealth Management Inc. bought a new stake in United Parcel Service in the fourth quarter valued at about $25,000. Generali Investments Management Co LLC acquired a new position in shares of United Parcel Service during the 4th quarter worth about $26,000. IFS Advisors LLC increased its stake 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 last quarter. 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. Finally, Runnymede Capital Advisors Inc. acquired a new position in United Parcel Service during the fourth quarter valued at approximately $30,000. Institutional investors own 60.26% of the company’s stock.

United Parcel Service Price Performance

NYSE:UPS opened at $109.29 on Wednesday. The stock has a market capitalization of $93.35 billion, a PE ratio of 16.17, a P/E/G ratio of 1.55 and a beta of 0.94. United Parcel Service, Inc. has a 1-year low of $108.18 and a 1-year high of $154.29. The firm has a fifty day simple moving average of $117.65 and a 200 day simple moving average of $126.15. The company has a current ratio of 1.17, a quick ratio of 1.14 and a debt-to-equity ratio of 1.16.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings data on Thursday, January 30th. The transportation company reported $2.75 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 in the prior year, the firm posted $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 disclosed a quarterly dividend, which was paid on Thursday, March 6th. Shareholders of record on Tuesday, February 18th were paid a $1.64 dividend. This is a positive change from United Parcel Service’s previous quarterly dividend of $1.63. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $6.56 annualized dividend and a yield of 6.00%. United Parcel Service’s dividend payout ratio is currently 97.04%.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on UPS. Stifel Nicolaus reduced their price target on shares of United Parcel Service from $156.00 to $153.00 and set a “buy” rating on the stock in a research report on Thursday, January 23rd. Citigroup decreased their target price on United Parcel Service from $158.00 to $149.00 and set a “buy” rating for the company in a research note on Friday, January 31st. JPMorgan Chase & Co. lowered 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. Baird R W cut United Parcel Service from a “strong-buy” rating to a “hold” rating in a report on Friday, January 31st. Finally, StockNews.com raised United Parcel Service from a “hold” rating to a “buy” rating in a research note on Wednesday, March 5th. Two 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 assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $135.83.

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.