Nemes Rush Group LLC Has $223,000 Stake in United Parcel Service, Inc. (NYSE:UPS)

Nemes Rush Group LLC decreased its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 84.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 1,769 shares of the transportation company’s stock after selling 9,524 shares during the quarter. Nemes Rush Group LLC’s holdings in United Parcel Service were worth $223,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in the stock. Norges Bank acquired a new position in United Parcel Service in the 4th quarter valued at approximately $1,075,393,000. Raymond James Financial Inc. acquired a new position in shares of United Parcel Service in the fourth quarter valued at $393,680,000. Two Sigma Advisers LP lifted its position in United Parcel Service by 833.4% in the third quarter. Two Sigma Advisers LP now owns 2,074,100 shares of the transportation company’s stock worth $282,783,000 after purchasing an additional 1,851,900 shares during the period. Franklin Resources Inc. boosted its stake in United Parcel Service by 15.6% during the fourth quarter. Franklin Resources Inc. now owns 10,979,909 shares of the transportation company’s stock worth $1,384,567,000 after buying an additional 1,484,452 shares in the last quarter. Finally, Van ECK Associates Corp raised its stake in shares of United Parcel Service by 77.7% in the 4th quarter. Van ECK Associates Corp now owns 3,150,901 shares of the transportation company’s stock valued at $397,329,000 after buying an additional 1,378,136 shares in the last quarter. Institutional investors and hedge funds own 60.26% of the company’s stock.

United Parcel Service Stock Down 0.6 %

Shares of NYSE:UPS opened at $109.29 on Wednesday. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.17 and a quick ratio of 1.14. The stock has a market cap of $93.35 billion, a price-to-earnings ratio of 16.17, a P/E/G ratio of 1.55 and a beta of 0.94. The company has a 50 day moving average of $117.65 and a 200-day moving average of $126.15. United Parcel Service, Inc. has a one year low of $108.18 and a one year high of $154.29.

United Parcel Service (NYSE:UPS) last released its earnings results on Thursday, January 30th. The transportation company reported $2.75 EPS for the quarter, topping 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 quarter last year, the firm posted $2.47 earnings per share. On average, sell-side analysts forecast that United Parcel Service, Inc. will post 7.95 earnings per share for the current year.

United Parcel Service Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 6th. Investors of record on Tuesday, February 18th were issued a $1.64 dividend. This represents a $6.56 dividend on an annualized basis and a yield of 6.00%. The ex-dividend date of this dividend was Tuesday, February 18th. This is an increase from United Parcel Service’s previous quarterly dividend of $1.63. United Parcel Service’s dividend payout ratio is currently 97.04%.

Analysts Set New Price Targets

A number of research firms recently weighed in on UPS. Deutsche Bank Aktiengesellschaft started coverage on shares of United Parcel Service in a research note on Friday, March 7th. They issued a “hold” rating and a $119.00 target price on the stock. Bank of America dropped their target price on United Parcel Service from $133.00 to $129.00 and set a “buy” rating for the company in a report on Tuesday, March 25th. JPMorgan Chase & Co. decreased their price target on United Parcel Service from $135.00 to $120.00 and set a “neutral” rating on the stock in a research note on Friday, January 31st. Stifel Nicolaus dropped their price objective on United Parcel Service from $156.00 to $153.00 and set a “buy” rating for the company in a research note on Thursday, January 23rd. Finally, StockNews.com upgraded shares of United Parcel Service from a “hold” rating to a “buy” rating in a research note on Wednesday, March 5th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $135.83.

About United Parcel Service

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.