Schnieders Capital Management LLC Cuts Position in United Parcel Service, Inc. (NYSE:UPS)

Schnieders Capital Management LLC lowered its position in United Parcel Service, Inc. (NYSE:UPS) by 32.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,689 shares of the transportation company’s stock after selling 3,210 shares during the quarter. Schnieders Capital Management LLC’s holdings in United Parcel Service were worth $1,052,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. OFI Invest Asset Management purchased a new stake in shares of United Parcel Service during the 3rd quarter worth $25,000. Tennessee Valley Asset Management Partners acquired a new stake in United Parcel Service in the fourth quarter valued at $26,000. Life Planning Partners Inc purchased a new stake in United Parcel Service during the 4th quarter worth about $28,000. Bourgeon Capital Management LLC acquired a new position in shares of United Parcel Service during the 4th quarter worth about $31,000. Finally, VisionPoint Advisory Group LLC increased its holdings in shares of United Parcel Service by 69.5% in the 3rd quarter. VisionPoint Advisory Group LLC now owns 239 shares of the transportation company’s stock valued at $37,000 after acquiring an additional 98 shares during the last quarter. Institutional investors and hedge funds own 60.26% of the company’s stock.

United Parcel Service Stock Performance

NYSE UPS traded up $3.49 on Tuesday, hitting $148.85. 6,369,349 shares of the company’s stock were exchanged, compared to its average volume of 4,349,812. The firm has a market cap of $126.92 billion, a price-to-earnings ratio of 19.11, a P/E/G ratio of 1.66 and a beta of 1.05. The firm’s 50-day moving average price is $149.52 and its two-hundred day moving average price is $151.06. United Parcel Service, Inc. has a fifty-two week low of $133.68 and a fifty-two week high of $197.31. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.10 and a quick ratio of 1.10.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings results on Tuesday, April 23rd. The transportation company reported $1.43 earnings per share for the quarter, missing analysts’ consensus estimates of $1.57 by ($0.14). The business had revenue of $21.70 billion during the quarter, compared to analysts’ expectations of $21.84 billion. United Parcel Service had a net margin of 7.37% and a return on equity of 39.46%. The firm’s quarterly revenue was down 5.3% compared to the same quarter last year. During the same quarter last year, the firm earned $2.20 earnings per share. On average, research analysts expect that United Parcel Service, Inc. will post 8.2 EPS for the current year.

United Parcel Service Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 8th. Stockholders of record on Tuesday, February 20th were issued a $1.63 dividend. This represents a $6.52 dividend on an annualized basis and a dividend yield of 4.38%. The ex-dividend date of this dividend was Friday, February 16th. This is an increase from United Parcel Service’s previous quarterly dividend of $1.62. United Parcel Service’s dividend payout ratio (DPR) is currently 83.70%.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft lowered 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. Susquehanna reaffirmed a “neutral” rating and issued a $150.00 target price on shares of United Parcel Service in a research report on Wednesday, March 27th. Evercore ISI reiterated an “in-line” rating and set a $154.00 price target on shares of United Parcel Service in a research note on Wednesday, March 27th. UBS Group upgraded shares of United Parcel Service from a “neutral” rating to a “buy” rating and upped their price objective for the company from $160.00 to $175.00 in a research note on Tuesday, February 6th. Finally, HSBC cut their target price on United Parcel Service from $155.00 to $150.00 and set a “hold” rating on the stock in a research report on Thursday, March 28th. One research analyst has rated the stock with a sell rating, sixteen have issued a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $165.61.

Insider Activity at United Parcel Service

In related news, Director Eva C. Boratto bought 1,400 shares of the company’s stock in a transaction on Friday, February 2nd. The stock was bought at an average cost of $142.30 per share, with a total value of $199,220.00. Following the completion of the acquisition, the director now owns 1,400 shares in the company, valued at approximately $199,220. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.13% of the company’s stock.

About United Parcel Service

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.