Bogart Wealth LLC Sells 183 Shares of United Parcel Service, Inc. (NYSE:UPS)

Bogart Wealth LLC lessened its position in United Parcel Service, Inc. (NYSE:UPS) by 0.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 31,806 shares of the transportation company’s stock after selling 183 shares during the quarter. Bogart Wealth LLC’s holdings in United Parcel Service were worth $5,001,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. increased its stake in United Parcel Service by 4.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 15,889,570 shares of the transportation company’s stock valued at $2,456,055,000 after acquiring an additional 628,944 shares during the last quarter. International Assets Investment Management LLC grew its stake in shares of United Parcel Service by 15,631.2% during the fourth quarter. International Assets Investment Management LLC now owns 14,502,261 shares of the transportation company’s stock valued at $2,280,190,000 after buying an additional 14,410,073 shares during the last quarter. Wellington Management Group LLP grew its stake in shares of United Parcel Service by 31.7% during the third quarter. Wellington Management Group LLP now owns 9,677,202 shares of the transportation company’s stock valued at $1,508,385,000 after buying an additional 2,331,875 shares during the last quarter. Northern Trust Corp grew its stake in shares of United Parcel Service by 0.4% during the third quarter. Northern Trust Corp now owns 8,411,989 shares of the transportation company’s stock valued at $1,311,177,000 after buying an additional 31,533 shares during the last quarter. Finally, American Century Companies Inc. grew its stake in shares of United Parcel Service by 28.0% during the third quarter. American Century Companies Inc. now owns 2,433,087 shares of the transportation company’s stock valued at $379,245,000 after buying an additional 532,934 shares during the last quarter. Institutional investors own 60.26% of the company’s stock.

United Parcel Service Stock Up 0.5 %

UPS stock traded up $0.68 on Wednesday, reaching $147.77. 2,799,596 shares of the company traded hands, compared to its average volume of 4,164,817. United Parcel Service, Inc. has a one year low of $133.68 and a one year high of $192.98. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.10 and a quick ratio of 1.04. The company has a market cap of $126.00 billion, a P/E ratio of 21.42, a price-to-earnings-growth ratio of 1.68 and a beta of 1.05. The firm has a fifty day simple moving average of $149.35 and a 200-day simple moving average of $150.53.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings data 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 company had revenue of $21.70 billion during the quarter, compared to analyst estimates of $21.84 billion. During the same quarter last year, the company earned $2.20 EPS. The firm’s revenue for the quarter was down 5.3% on a year-over-year basis. Research analysts anticipate that United Parcel Service, Inc. will post 8.23 earnings per share for the current year.

United Parcel Service Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 30th. Shareholders of record on Monday, May 13th will be paid a dividend of $1.63 per share. The ex-dividend date of this dividend is Friday, May 10th. This represents a $6.52 annualized dividend and a yield of 4.41%. United Parcel Service’s dividend payout ratio is 94.49%.

Analyst Upgrades and Downgrades

UPS has been the topic of a number of recent research reports. JPMorgan Chase & Co. reduced their price objective on United Parcel Service from $154.00 to $150.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 9th. Bank of America upped their price target on United Parcel Service from $157.00 to $160.00 and gave the company a “neutral” rating in a research report on Wednesday, April 24th. Raymond James lowered their price target on United Parcel Service from $185.00 to $175.00 and set a “strong-buy” rating for the company in a research report on Wednesday, January 31st. Barclays lowered their price target on United Parcel Service from $150.00 to $145.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 31st. Finally, BMO Capital Markets upped their price target on United Parcel Service from $165.00 to $169.00 and gave the company a “market perform” rating in a research report on Wednesday, April 24th. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $165.23.

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.