Florida Trust Wealth Management Co Lowers Stock Position in United Parcel Service, Inc. $UPS

Florida Trust Wealth Management Co trimmed its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 56.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 29,977 shares of the transportation company’s stock after selling 39,607 shares during the period. Florida Trust Wealth Management Co’s holdings in United Parcel Service were worth $2,973,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the company. Twin Peaks Wealth Advisors LLC purchased a new stake in United Parcel Service during the second quarter valued at about $34,000. Salzhauer Michael purchased a new position in shares of United Parcel Service in the 3rd quarter worth about $31,000. Physician Wealth Advisors Inc. raised its holdings in shares of United Parcel Service by 76.5% in the 3rd quarter. Physician Wealth Advisors Inc. now owns 376 shares of the transportation company’s stock worth $31,000 after purchasing an additional 163 shares during the period. Avion Wealth lifted its stake in shares of United Parcel Service by 284.1% in the 3rd quarter. Avion Wealth now owns 434 shares of the transportation company’s stock valued at $36,000 after purchasing an additional 321 shares in the last quarter. Finally, Princeton Global Asset Management LLC grew its holdings in shares of United Parcel Service by 241.4% during the 4th quarter. Princeton Global Asset Management LLC now owns 454 shares of the transportation company’s stock worth $45,000 after purchasing an additional 321 shares during the period. 60.26% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts recently issued reports on UPS shares. Wells Fargo & Company increased their target price on shares of United Parcel Service from $96.00 to $110.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 28th. Weiss Ratings raised shares of United Parcel Service from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, February 6th. Wolfe Research reissued a “peer perform” rating on shares of United Parcel Service in a research report on Thursday, January 8th. TD Cowen raised their target price on shares of United Parcel Service from $101.00 to $115.00 and gave the company a “hold” rating in a research note on Wednesday, January 28th. Finally, UBS Group lifted their target price on shares of United Parcel Service from $116.00 to $125.00 and gave the company a “buy” rating in a report on Wednesday, January 28th. Two research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, fourteen have assigned a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $113.67.

United Parcel Service Price Performance

Shares of NYSE UPS opened at $98.30 on Monday. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 1.45. United Parcel Service, Inc. has a fifty-two week low of $82.00 and a fifty-two week high of $122.41. The business has a 50 day moving average price of $107.14 and a two-hundred day moving average price of $99.30. The firm has a market cap of $83.46 billion, a PE ratio of 14.98, a price-to-earnings-growth ratio of 1.54 and a beta of 1.12.

United Parcel Service (NYSE:UPS) last announced its earnings results on Tuesday, January 27th. The transportation company reported $2.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.20 by $0.18. The company had revenue of $24.48 billion for the quarter, compared to analyst estimates of $23.91 billion. United Parcel Service had a return on equity of 38.30% and a net margin of 6.28%.United Parcel Service’s quarterly revenue was down 3.2% on a year-over-year basis. During the same period in the prior year, the company posted $2.75 EPS. Sell-side analysts expect that United Parcel Service, Inc. will post 7.95 earnings per share for the current fiscal year.

United Parcel Service Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 5th. Investors of record on Tuesday, February 17th were issued a $1.64 dividend. The ex-dividend date of this dividend was Tuesday, February 17th. This represents a $6.56 annualized dividend and a yield of 6.7%. United Parcel Service’s dividend payout ratio is currently 100.00%.

Insider Buying and Selling

In other United Parcel Service news, insider Norman M. Brothers, Jr. sold 25,014 shares of the stock in a transaction on Wednesday, January 28th. The shares were sold at an average price of $106.15, for a total transaction of $2,655,236.10. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.13% of the stock is owned by company insiders.

United Parcel Service Company Profile

United Parcel Service (NYSE: UPS) is a global package delivery and supply chain management company that provides a broad range of transportation, logistics and e-commerce services. Its core business centers on small-package delivery and last-mile distribution for business and individual customers, supported by a network of ground transportation, air cargo operations (UPS Airlines) and sorting facilities. In addition to parcel delivery, UPS offers freight transportation, contract logistics, warehousing, customs brokerage and reverse-logistics solutions designed to support domestic and international commerce.

The company traces its roots to 1907 when it began as a small messenger service in the United States and later evolved into the United Parcel Service.