GC Wealth Management RIA LLC Trims Stake in United Parcel Service, Inc. (NYSE:UPS)

GC Wealth Management RIA LLC lowered its stake in United Parcel Service, Inc. (NYSE:UPS) by 3.4% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 9,584 shares of the transportation company’s stock after selling 339 shares during the period. GC Wealth Management RIA LLC’s holdings in United Parcel Service were worth $1,209,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Pacific Sage Partners LLC grew its stake in shares of United Parcel Service by 4.8% in the 4th quarter. Pacific Sage Partners LLC now owns 1,677 shares of the transportation company’s stock worth $212,000 after buying an additional 77 shares during the last quarter. Banco Santander S.A. grew its stake in shares of United Parcel Service by 0.6% in the 3rd quarter. Banco Santander S.A. now owns 12,596 shares of the transportation company’s stock worth $1,717,000 after buying an additional 79 shares during the last quarter. Quent Capital LLC grew its stake in shares of United Parcel Service by 16.7% in the 4th quarter. Quent Capital LLC now owns 558 shares of the transportation company’s stock worth $70,000 after buying an additional 80 shares during the last quarter. Tradewinds LLC. grew its stake in shares of United Parcel Service by 1.8% in the 3rd quarter. Tradewinds LLC. now owns 4,487 shares of the transportation company’s stock worth $612,000 after buying an additional 81 shares during the last quarter. Finally, OLD Second National Bank of Aurora grew its stake in shares of United Parcel Service by 1.2% in the 3rd quarter. OLD Second National Bank of Aurora now owns 7,177 shares of the transportation company’s stock worth $979,000 after buying an additional 83 shares during the last quarter. Hedge funds and other institutional investors own 60.26% of the company’s stock.

Analyst Upgrades and Downgrades

UPS has been the topic of several recent analyst reports. Loop Capital cut their target price on United Parcel Service from $120.00 to $115.00 and set a “hold” rating on the stock in a research note on Monday, February 3rd. Raymond James cut their target price on United Parcel Service from $155.00 to $145.00 and set a “strong-buy” rating on the stock in a research note on Friday, January 31st. StockNews.com upgraded United Parcel Service from a “hold” rating to a “buy” rating in a research note on Wednesday, March 5th. The Goldman Sachs Group cut their target price on United Parcel Service from $166.00 to $147.00 and set a “buy” rating on the stock in a research note on Friday, January 31st. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on United Parcel Service in a research note on Friday. They set a “hold” rating and a $119.00 target price on the stock. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, United Parcel Service has an average rating of “Moderate Buy” and an average target price of $138.00.

United Parcel Service Price Performance

NYSE UPS opened at $120.67 on Tuesday. The company has a market capitalization of $103.07 billion, a PE ratio of 17.85, a price-to-earnings-growth ratio of 1.55 and a beta of 0.94. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.14 and a current ratio of 1.17. The business’s fifty day moving average is $121.64 and its 200 day moving average is $127.72. United Parcel Service, Inc. has a fifty-two week low of $109.40 and a fifty-two week high of $158.95.

United Parcel Service (NYSE:UPS) last released its earnings results on Thursday, January 30th. The transportation company reported $2.75 earnings per share for the quarter, beating the consensus estimate of $2.52 by $0.23. United Parcel Service had a return on equity of 39.13% and a net margin of 6.35%. During the same quarter in the prior year, the firm earned $2.47 EPS. Sell-side analysts predict that United Parcel Service, Inc. will post 7.95 earnings per share for the current year.

United Parcel Service Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 6th. Stockholders of record on Tuesday, February 18th were given a $1.64 dividend. This represents a $6.56 annualized dividend and a dividend yield of 5.44%. This is an increase from United Parcel Service’s previous quarterly dividend of $1.63. The ex-dividend date was Tuesday, February 18th. United Parcel Service’s payout ratio is presently 97.04%.

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.