B&D White Capital Company LLC Sells 10,600 Shares of United Parcel Service, Inc. (NYSE:UPS)

B&D White Capital Company LLC reduced its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 67.9% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 5,000 shares of the transportation company’s stock after selling 10,600 shares during the period. B&D White Capital Company LLC’s holdings in United Parcel Service were worth $630,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of UPS. Principal Financial Group Inc. raised its stake in United Parcel Service by 4.3% in the 3rd quarter. Principal Financial Group Inc. now owns 829,280 shares of the transportation company’s stock valued at $113,064,000 after acquiring an additional 33,989 shares during the period. Onyx Bridge Wealth Group LLC bought a new stake in shares of United Parcel Service in the fourth quarter valued at approximately $461,000. Synovus Financial Corp lifted its stake in shares of United Parcel Service by 8.6% during the 3rd quarter. Synovus Financial Corp now owns 87,531 shares of the transportation company’s stock valued at $11,934,000 after buying an additional 6,941 shares in the last quarter. Van ECK Associates Corp boosted its holdings in United Parcel Service by 1,061.1% in the 3rd quarter. Van ECK Associates Corp now owns 1,772,765 shares of the transportation company’s stock worth $232,959,000 after buying an additional 1,620,091 shares during the period. Finally, HF Advisory Group LLC bought a new position in United Parcel Service in the 4th quarter worth approximately $1,305,000. Hedge funds and other institutional investors own 60.26% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on UPS. Bank of America dropped their target price on United Parcel Service from $150.00 to $133.00 and set a “buy” rating on the stock in a research report on Friday, January 31st. JPMorgan Chase & Co. dropped their price objective on United Parcel Service from $135.00 to $120.00 and set a “neutral” rating on the stock in a report on Friday, January 31st. Oppenheimer lifted their target price on United Parcel Service from $140.00 to $146.00 and gave the company an “outperform” rating in a report on Monday, October 28th. Wells Fargo & Company lowered their price target 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, Wolfe Research upgraded shares of United Parcel Service from a “peer perform” rating to an “outperform” rating and set a $147.00 price objective for the company in a research report on Wednesday, January 8th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, United Parcel Service currently has a consensus rating of “Moderate Buy” and a consensus target price of $140.73.

United Parcel Service Stock Down 0.2 %

Shares of NYSE UPS opened at $116.35 on Monday. The stock has a market capitalization of $99.38 billion, a P/E ratio of 17.21, a PEG ratio of 1.55 and a beta of 0.98. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.17 and a quick ratio of 1.14. United Parcel Service, Inc. has a one year low of $109.40 and a one year high of $158.95. The firm’s 50 day simple moving average is $123.21 and its two-hundred day simple moving average is $128.39.

United Parcel Service (NYSE:UPS) last released its earnings results on Thursday, January 30th. The transportation company reported $2.75 EPS 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 quarter last year, the company posted $2.47 EPS. As a group, analysts expect that United Parcel Service, Inc. will post 7.95 EPS for the current fiscal year.

United Parcel Service Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 6th. Stockholders of record on Tuesday, February 18th will be paid a $1.64 dividend. This represents a $6.56 dividend on an annualized basis and a dividend yield of 5.64%. The ex-dividend date is Tuesday, February 18th. This is a positive change from United Parcel Service’s previous quarterly dividend of $1.63. United Parcel Service’s payout ratio is 97.04%.

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.