Ritholtz Wealth Management Has $1.06 Million Stock Holdings in United Parcel Service, Inc. (NYSE:UPS)

Ritholtz Wealth Management cut its holdings in United Parcel Service, Inc. (NYSE:UPSFree Report) by 2.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,745 shares of the transportation company’s stock after selling 178 shares during the quarter. Ritholtz Wealth Management’s holdings in United Parcel Service were worth $1,061,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. VisionPoint Advisory Group LLC acquired a new stake in United Parcel Service in the second quarter valued at approximately $25,000. OFI Invest Asset Management acquired a new stake in United Parcel Service in the third quarter valued at approximately $25,000. IMA Wealth Inc. lifted its stake in United Parcel Service by 100.0% in the second quarter. IMA Wealth Inc. now owns 142 shares of the transportation company’s stock valued at $25,000 after acquiring an additional 71 shares during the last quarter. Pacific Center for Financial Services acquired a new stake in shares of United Parcel Service in the first quarter worth $25,000. Finally, Worth Asset Management LLC acquired a new stake in shares of United Parcel Service in the first quarter worth $27,000. 60.26% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Eva C. Boratto acquired 1,400 shares of United Parcel Service stock in a transaction that occurred on Friday, February 2nd. The shares were acquired at an average price of $142.30 per share, with a total value of $199,220.00. Following the purchase, the director now directly owns 1,400 shares of the company’s stock, valued at $199,220. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.13% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on UPS shares. Susquehanna restated a “neutral” rating and issued a $150.00 price objective on shares of United Parcel Service in a research note on Wednesday. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of United Parcel Service from $183.00 to $179.00 and set a “buy” rating for the company in a research note on Thursday. BMO Capital Markets boosted their price objective on shares of United Parcel Service from $160.00 to $165.00 and gave the stock a “market perform” rating in a research note on Wednesday. TheStreet upgraded shares of United Parcel Service from a “c” rating to a “b-” rating in a research note on Tuesday, January 30th. Finally, Argus lowered shares of United Parcel Service from a “buy” rating to a “hold” rating in a research report on Wednesday, January 31st. One analyst has rated the stock with a sell rating, sixteen have issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, United Parcel Service presently has an average rating of “Hold” and an average target price of $165.23.

View Our Latest Stock Analysis on UPS

United Parcel Service Trading Up 0.9 %

Shares of United Parcel Service stock opened at $148.63 on Friday. United Parcel Service, Inc. has a 12-month low of $133.68 and a 12-month high of $197.80. The company has a 50-day simple moving average of $150.49 and a 200 day simple moving average of $152.22. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 1.09. The stock has a market capitalization of $126.73 billion, a P/E ratio of 19.08, a price-to-earnings-growth ratio of 1.80 and a beta of 1.05.

United Parcel Service (NYSE:UPSGet Free Report) last issued its quarterly earnings data on Tuesday, January 30th. The transportation company reported $2.47 EPS for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $24.92 billion for the quarter, compared to analyst estimates of $25.40 billion. During the same quarter in the prior year, the firm earned $3.62 EPS. The company’s revenue was down 7.8% on a year-over-year basis. Research analysts expect that United Parcel Service, Inc. will post 8.27 earnings per share for the current fiscal year.

United Parcel Service Increases Dividend

The business also recently disclosed 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. The ex-dividend date of this dividend was Friday, February 16th. This represents a $6.52 dividend on an annualized basis and a yield of 4.39%. This is a positive change from United Parcel Service’s previous quarterly dividend of $1.62. United Parcel Service’s dividend payout ratio is currently 83.70%.

About United Parcel Service

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for United Parcel Service (NYSE:UPS)

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