Pinnacle West Asset Management Inc. Has $889,000 Position in United Parcel Service, Inc. (NYSE:UPS)

Pinnacle West Asset Management Inc. raised its holdings in United Parcel Service, Inc. (NYSE:UPS) by 10.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 7,050 shares of the transportation company’s stock after buying an additional 690 shares during the period. Pinnacle West Asset Management Inc.’s holdings in United Parcel Service were worth $889,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. IFS Advisors LLC increased its stake in shares of United Parcel Service by 232.3% during the 4th quarter. IFS Advisors LLC now owns 216 shares of the transportation company’s stock worth $27,000 after purchasing an additional 151 shares during the last quarter. True Wealth Design LLC increased its stake in shares of United Parcel Service by 397.7% during the 3rd quarter. True Wealth Design LLC now owns 214 shares of the transportation company’s stock worth $29,000 after purchasing an additional 171 shares during the last quarter. Princeton Global Asset Management LLC increased its stake in shares of United Parcel Service by 720.0% during the 3rd quarter. Princeton Global Asset Management LLC now owns 246 shares of the transportation company’s stock worth $34,000 after purchasing an additional 216 shares during the last quarter. FSA Wealth Management LLC acquired a new position in shares of United Parcel Service during the 3rd quarter worth about $36,000. Finally, Sugar Maple Asset Management LLC acquired a new position in shares of United Parcel Service during the 4th quarter worth about $38,000. 60.26% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have recently weighed in on UPS. The Goldman Sachs Group lowered their price objective on shares of 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. Wolfe Research upgraded shares of United Parcel Service from a “peer perform” rating to an “outperform” rating and set a $147.00 price objective on the stock in a research note on Wednesday, January 8th. Stifel Nicolaus lowered their price objective on shares of United Parcel Service from $156.00 to $153.00 and set a “buy” rating on the stock in a research note on Thursday, January 23rd. Susquehanna reduced their target price on shares of United Parcel Service from $140.00 to $130.00 and set a “neutral” rating for the company in a report on Friday, January 31st. Finally, JPMorgan Chase & Co. reduced their target price on shares of United Parcel Service from $135.00 to $120.00 and set a “neutral” rating for the company in a report on Friday, January 31st. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company. According to data from 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

Shares of NYSE:UPS opened at $118.11 on Wednesday. The firm has a 50 day moving average of $122.78 and a 200-day moving average of $128.27. The stock has a market capitalization of $100.89 billion, a PE ratio of 17.47, a PEG ratio of 1.55 and a beta of 0.98. The company has a current ratio of 1.17, a quick ratio of 1.14 and a debt-to-equity ratio of 1.16. United Parcel Service, Inc. has a 12 month low of $109.40 and a 12 month high of $158.95.

United Parcel Service (NYSE:UPS) last issued its earnings results on Thursday, January 30th. The transportation company reported $2.75 EPS for the quarter, beating 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 period in the previous year, the firm posted $2.47 earnings per share. On average, equities research analysts predict that United Parcel Service, Inc. will post 7.95 EPS for the current fiscal year.

United Parcel Service Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 6th. Investors of record on Tuesday, February 18th will be given a dividend of $1.64 per share. This represents a $6.56 dividend on an annualized basis and a yield of 5.55%. This is a boost from United Parcel Service’s previous quarterly dividend of $1.63. The ex-dividend date is Tuesday, February 18th. United Parcel Service’s dividend payout ratio is currently 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.