Legacy Capital Wealth Partners LLC Has $924,000 Holdings in United Parcel Service, Inc. (NYSE:UPS)

Legacy Capital Wealth Partners LLC cut its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 26.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 5,874 shares of the transportation company’s stock after selling 2,092 shares during the quarter. Legacy Capital Wealth Partners LLC’s holdings in United Parcel Service were worth $924,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. OFI Invest Asset Management acquired a new stake in shares of United Parcel Service during the 3rd quarter valued at about $25,000. Tennessee Valley Asset Management Partners acquired a new stake in shares of United Parcel Service during the 4th quarter valued at about $26,000. Life Planning Partners Inc acquired a new stake in shares of United Parcel Service during the 4th quarter valued at about $28,000. Bourgeon Capital Management LLC acquired a new stake in shares of United Parcel Service during the 4th quarter valued at about $31,000. Finally, VisionPoint Advisory Group LLC lifted its holdings in shares of United Parcel Service by 69.5% during the 3rd quarter. VisionPoint Advisory Group LLC now owns 239 shares of the transportation company’s stock valued at $37,000 after buying an additional 98 shares during the last quarter. 60.26% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other United Parcel Service news, Director Eva C. Boratto acquired 1,400 shares of the business’s stock in a transaction dated 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 transaction, the director now directly owns 1,400 shares in the company, valued at approximately $199,220. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.13% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. Evercore ISI reiterated an “in-line” rating and set a $154.00 price target on shares of United Parcel Service in a report on Wednesday, March 27th. Morgan Stanley boosted their target price on United Parcel Service from $95.00 to $100.00 and gave the stock an “underweight” rating in a report on Wednesday, March 27th. Redburn Atlantic upgraded United Parcel Service from a “neutral” rating to a “buy” rating and set a $180.00 target price for the company in a report on Wednesday, April 3rd. Bank of America boosted their target price on United Parcel Service from $157.00 to $160.00 and gave the stock a “neutral” rating in a report on Wednesday. Finally, BMO Capital Markets boosted their target price on United Parcel Service from $165.00 to $169.00 and gave the stock a “market perform” rating in a report on Wednesday. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $165.23.

United Parcel Service Stock Performance

Shares of UPS traded up $0.20 on Friday, reaching $147.59. 2,607,558 shares of the stock traded hands, compared to its average volume of 3,897,331. The firm has a market cap of $125.84 billion, a price-to-earnings ratio of 21.39, a P/E/G ratio of 1.69 and a beta of 1.05. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.10 and a quick ratio of 1.10. United Parcel Service, Inc. has a 12 month low of $133.68 and a 12 month high of $192.98. The stock’s 50-day moving average price is $149.56 and its 200-day moving average price is $150.93.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings results on Tuesday, April 23rd. The transportation company reported $1.43 earnings per share for the quarter, beating analysts’ consensus estimates of $1.33 by $0.10. United Parcel Service had a return on equity of 37.42% and a net margin of 6.60%. The firm had revenue of $21.70 billion for the quarter, compared to analysts’ expectations of $21.84 billion. During the same period in the prior year, the business posted $2.20 earnings per share. The business’s revenue was down 5.3% compared to the same quarter last year. Equities analysts forecast that United Parcel Service, Inc. will post 8.23 EPS for the current fiscal year.

United Parcel Service Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 8th. Stockholders of record on Tuesday, February 20th were given a $1.63 dividend. This represents a $6.52 dividend on an annualized basis and a dividend yield of 4.42%. This is a boost from United Parcel Service’s previous quarterly dividend of $1.62. The ex-dividend date of this dividend was Friday, February 16th. United Parcel Service’s dividend payout ratio (DPR) is presently 94.49%.

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.