Traynor Capital Management Inc. Has $903,000 Stake in United Parcel Service, Inc. (NYSE:UPS)

Traynor Capital Management Inc. trimmed its stake in United Parcel Service, Inc. (NYSE:UPS) by 1.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,740 shares of the transportation company’s stock after selling 71 shares during the period. Traynor Capital Management Inc.’s holdings in United Parcel Service were worth $903,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Pacific Center for Financial Services acquired a new stake in United Parcel Service during the 1st quarter worth about $25,000. VisionPoint Advisory Group LLC acquired a new stake in United Parcel Service during the 2nd quarter worth about $25,000. IMA Wealth Inc. grew its holdings in United Parcel Service by 100.0% during the 2nd quarter. IMA Wealth Inc. now owns 142 shares of the transportation company’s stock worth $25,000 after acquiring an additional 71 shares during the period. Worth Asset Management LLC acquired a new stake in United Parcel Service during the 1st quarter worth about $27,000. Finally, OFI Invest Asset Management acquired a new stake in United Parcel Service during the 3rd quarter worth about $25,000. 60.26% of the stock is currently owned by institutional investors and hedge funds.

United Parcel Service Stock Performance

United Parcel Service stock traded up $1.31 during mid-day trading on Thursday, reaching $148.64. The company’s stock had a trading volume of 5,196,199 shares, compared to its average volume of 4,429,152. United Parcel Service, Inc. has a 12-month low of $133.68 and a 12-month high of $197.80. The company has a market capitalization of $126.74 billion, a P/E ratio of 19.08, a PEG ratio of 1.64 and a beta of 1.05. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.10 and a current ratio of 1.10. The firm’s fifty day moving average price is $150.64 and its two-hundred day moving average price is $152.25.

United Parcel Service (NYSE:UPS) last released its quarterly earnings results on Tuesday, January 30th. The transportation company reported $2.47 EPS for the quarter, beating analysts’ consensus estimates of $2.46 by $0.01. The firm had revenue of $24.92 billion during the quarter, compared to analyst estimates of $25.40 billion. United Parcel Service had a net margin of 7.37% and a return on equity of 39.46%. The business’s revenue for the quarter was down 7.8% on a year-over-year basis. During the same period in the previous year, the business earned $3.62 EPS. Sell-side analysts predict that United Parcel Service, Inc. will post 8.29 EPS for the current fiscal year.

United Parcel Service Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 8th. Stockholders of record on Tuesday, February 20th were given a dividend of $1.63 per share. This is a positive change from United Parcel Service’s previous quarterly dividend of $1.62. This represents a $6.52 dividend on an annualized basis and a dividend yield of 4.39%. The ex-dividend date was Friday, February 16th. United Parcel Service’s payout ratio is 83.70%.

Analysts Set New Price Targets

A number of brokerages have weighed in on UPS. Daiwa Capital Markets downgraded United Parcel Service from an “outperform” rating to a “neutral” rating and set a $155.00 price target for the company. in a report on Tuesday, December 26th. Robert W. Baird raised shares of United Parcel Service from a “neutral” rating to an “outperform” rating and increased their price objective for the stock from $165.00 to $170.00 in a research report on Friday, February 16th. Evercore ISI reissued an “in-line” rating and set a $154.00 price objective on shares of United Parcel Service in a research report on Wednesday. HSBC cut their price objective on shares of United Parcel Service from $155.00 to $150.00 and set a “hold” rating on the stock in a research report on Thursday. Finally, Oppenheimer reissued an “outperform” rating and set a $153.00 price objective on shares of United Parcel Service in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, sixteen have given a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, United Parcel Service currently has an average rating of “Hold” and a consensus price target of $165.23.

Insider Activity

In other news, Director Eva C. Boratto purchased 1,400 shares of United Parcel Service stock in a transaction dated Friday, February 2nd. The stock was purchased at an average cost of $142.30 per share, for a total transaction of $199,220.00. Following the transaction, the director now directly owns 1,400 shares of the company’s stock, valued at $199,220. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.13% of the company’s stock.

United Parcel Service 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.