Obermeyer Wood Investment Counsel Lllp Has $584,000 Stock Position in United Parcel Service, Inc. (NYSE:UPS)

Obermeyer Wood Investment Counsel Lllp decreased its stake in United Parcel Service, Inc. (NYSE:UPS) by 5.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,712 shares of the transportation company’s stock after selling 214 shares during the period. Obermeyer Wood Investment Counsel Lllp’s holdings in United Parcel Service were worth $584,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. OFI Invest Asset Management bought a new position in United Parcel Service in the third quarter worth $25,000. IMA Wealth Inc. lifted its position in United Parcel Service by 100.0% in the second quarter. IMA Wealth Inc. now owns 142 shares of the transportation company’s stock worth $25,000 after purchasing an additional 71 shares during the period. Pacific Center for Financial Services bought a new position in United Parcel Service in the first quarter worth $25,000. Tennessee Valley Asset Management Partners bought a new position in United Parcel Service in the fourth quarter worth $26,000. Finally, Worth Asset Management LLC bought a new position in shares of United Parcel Service during the first quarter valued at $27,000. Institutional investors and hedge funds own 60.26% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently issued reports on UPS. Deutsche Bank Aktiengesellschaft cut their price target on United Parcel Service from $183.00 to $179.00 and set a “buy” rating for the company in a report on Thursday, March 28th. Evercore ISI restated an “in-line” rating and set a $154.00 target price on shares of United Parcel Service in a research report on Wednesday, March 27th. Argus lowered United Parcel Service from a “buy” rating to a “hold” rating in a research report on Wednesday, January 31st. JPMorgan Chase & Co. decreased their target price on United Parcel Service from $154.00 to $150.00 and set a “neutral” rating for the company in a research report on Tuesday, April 9th. Finally, Oppenheimer restated an “outperform” rating and set a $153.00 target price on shares of United Parcel Service in a research report on Wednesday, March 27th. One analyst has rated the stock with a sell rating, sixteen have given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, United Parcel Service presently has an average rating of “Hold” and a consensus target price of $165.61.

United Parcel Service Stock Up 0.3 %

United Parcel Service stock traded up $0.49 during mid-day trading on Thursday, reaching $142.74. The stock had a trading volume of 3,430,543 shares, compared to its average volume of 4,309,589. United Parcel Service, Inc. has a fifty-two week low of $133.68 and a fifty-two week high of $197.80. 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 stock’s 50-day simple moving average is $149.65 and its 200-day simple moving average is $151.34. The firm has a market capitalization of $121.71 billion, a PE ratio of 18.29, a price-to-earnings-growth ratio of 1.66 and a beta of 1.05.

United Parcel Service (NYSE:UPS) last posted its earnings results on Tuesday, January 30th. The transportation company reported $2.47 earnings per share for the quarter, beating analysts’ consensus estimates of $2.46 by $0.01. United Parcel Service had a return on equity of 39.46% and a net margin of 7.37%. The company had revenue of $24.92 billion for the quarter, compared to analyst estimates of $25.40 billion. During the same quarter last year, the company earned $3.62 earnings per share. The company’s revenue for the quarter was down 7.8% on a year-over-year basis. On average, sell-side analysts forecast that United Parcel Service, Inc. will post 8.2 EPS for the current fiscal year.

United Parcel Service Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 8th. Investors of record on Tuesday, February 20th were issued 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 yield of 4.57%. The ex-dividend date of this dividend was Friday, February 16th. United Parcel Service’s dividend payout ratio (DPR) is 83.70%.

Insider Buying and Selling at United Parcel Service

In other news, Director Eva C. Boratto bought 1,400 shares of the stock in a transaction on Friday, February 2nd. The shares were purchased at an average cost of $142.30 per share, for a total transaction of $199,220.00. Following the completion of the purchase, the director now directly owns 1,400 shares in the company, valued at approximately $199,220. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.13% of the company’s stock.

United Parcel Service Company 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.