Mission Wealth Management LP Has $1.40 Million Position in United Parcel Service, Inc. (NYSE:UPS)

Mission Wealth Management LP trimmed its position in United Parcel Service, Inc. (NYSE:UPS) by 9.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,108 shares of the transportation company’s stock after selling 1,215 shares during the period. Mission Wealth Management LP’s holdings in United Parcel Service were worth $1,401,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Pacific Sage Partners LLC increased its stake in United Parcel Service by 4.8% in the fourth quarter. Pacific Sage Partners LLC now owns 1,677 shares of the transportation company’s stock valued at $212,000 after purchasing an additional 77 shares in the last quarter. Banco Santander S.A. increased its position 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 valued at $1,717,000 after buying an additional 79 shares in the last quarter. Quent Capital LLC increased its position 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 valued at $70,000 after buying an additional 80 shares in the last quarter. Tradewinds LLC. raised its stake in United Parcel Service by 1.8% during 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 period. Finally, OLD Second National Bank of Aurora lifted its holdings in United Parcel Service by 1.2% during the third quarter. OLD Second National Bank of Aurora now owns 7,177 shares of the transportation company’s stock worth $979,000 after acquiring an additional 83 shares in the last quarter. 60.26% of the stock is currently owned by institutional investors and hedge funds.

United Parcel Service Price Performance

Shares of UPS opened at $119.27 on Tuesday. The company has a current ratio of 1.17, a quick ratio of 1.14 and a debt-to-equity ratio of 1.16. The company’s fifty day simple moving average is $122.28 and its 200 day simple moving average is $128.03. United Parcel Service, Inc. has a 1-year low of $109.40 and a 1-year high of $158.95. The company has a market cap of $101.88 billion, a price-to-earnings ratio of 17.64, a PEG ratio of 1.55 and a beta of 0.98.

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

United Parcel Service Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 6th. Shareholders of record on Tuesday, February 18th will be paid a $1.64 dividend. This is a positive change from United Parcel Service’s previous quarterly dividend of $1.63. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $6.56 annualized dividend and a yield of 5.50%. United Parcel Service’s dividend payout ratio is currently 97.04%.

Analysts Set New Price Targets

UPS has been the subject of several recent analyst reports. Baird R W downgraded United Parcel Service from a “strong-buy” rating to a “hold” rating in a report on Friday, January 31st. StockNews.com cut United Parcel Service from a “buy” rating to a “hold” rating in a research note on Tuesday, February 25th. Evercore ISI lifted their price target on shares of United Parcel Service from $141.00 to $147.00 and gave the company an “in-line” rating in a research note on Wednesday, January 22nd. Morgan Stanley lowered their price objective on shares of United Parcel Service from $100.00 to $82.00 and set an “underweight” rating for the company in a research report on Friday, January 31st. Finally, Raymond James cut their price objective on shares of United Parcel Service from $155.00 to $145.00 and set a “strong-buy” rating on the stock in a research report on Friday, January 31st. Two research analysts have rated the stock with a sell rating, nine have given a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $140.73.

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.