Forvis Mazars Wealth Advisors LLC Decreases Stock Holdings in United Parcel Service, Inc. (NYSE:UPS)

Forvis Mazars Wealth Advisors LLC lowered its stake in United Parcel Service, Inc. (NYSE:UPS) by 2.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,917 shares of the transportation company’s stock after selling 167 shares during the quarter. Forvis Mazars Wealth Advisors LLC’s holdings in United Parcel Service were worth $872,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Principal Financial Group Inc. grew its holdings in shares of United Parcel Service by 4.3% in the third quarter. Principal Financial Group Inc. now owns 829,280 shares of the transportation company’s stock worth $113,064,000 after acquiring an additional 33,989 shares during the period. Onyx Bridge Wealth Group LLC purchased a new position in United Parcel Service in the fourth quarter worth about $461,000. Synovus Financial Corp grew 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 purchasing an additional 6,941 shares during the period. Van ECK Associates Corp increased its position in shares of United Parcel Service by 1,061.1% during the 3rd quarter. Van ECK Associates Corp now owns 1,772,765 shares of the transportation company’s stock valued at $232,959,000 after purchasing an additional 1,620,091 shares during the last quarter. Finally, HF Advisory Group LLC bought a new position in shares of United Parcel Service in the 4th quarter worth approximately $1,305,000. Institutional investors own 60.26% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Robert W. Baird lowered shares of United Parcel Service from an “outperform” rating to a “neutral” rating and cut their target price for the company from $160.00 to $130.00 in a research report on Friday, January 31st. Citigroup decreased their price objective on shares of United Parcel Service from $158.00 to $149.00 and set a “buy” rating on the stock in a research report on Friday, January 31st. Oppenheimer upped their target price on shares of United Parcel Service from $140.00 to $146.00 and gave the stock an “outperform” rating in a report on Monday, October 28th. Raymond James cut their price target on United Parcel Service from $155.00 to $145.00 and set a “strong-buy” rating for the company in a research note on Friday, January 31st. Finally, Wells Fargo & Company lowered their price objective on United Parcel Service from $150.00 to $128.00 and set an “overweight” rating on the stock in a research report on Friday, January 31st. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, United Parcel Service presently has a consensus rating of “Moderate Buy” and a consensus target price of $140.73.

United Parcel Service Price Performance

UPS stock opened at $116.35 on Monday. United Parcel Service, Inc. has a 52 week low of $109.40 and a 52 week high of $158.95. The firm has a market capitalization of $99.38 billion, a P/E ratio of 17.21, a price-to-earnings-growth ratio of 1.55 and a beta of 0.98. The company has a fifty day simple moving average of $123.21 and a two-hundred day simple moving average of $128.39. The company has a quick ratio of 1.14, a current ratio of 1.17 and a debt-to-equity ratio of 1.16.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings results on Thursday, January 30th. The transportation company reported $2.75 EPS for the quarter, beating analysts’ consensus estimates 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 period in the prior year, the business posted $2.47 earnings per share. Analysts anticipate that United Parcel Service, Inc. will post 7.95 earnings per share 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 issued a $1.64 dividend. This is a boost from United Parcel Service’s previous quarterly dividend of $1.63. The ex-dividend date is Tuesday, February 18th. This represents a $6.56 dividend on an annualized basis and a dividend yield of 5.64%. United Parcel Service’s payout ratio is 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.