Gray Wealth Management Inc. Has $435,000 Stake in United Parcel Service, Inc. (NYSE:UPS)

Gray Wealth Management Inc. reduced its holdings in United Parcel Service, Inc. (NYSE:UPS) by 5.7% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 2,769 shares of the transportation company’s stock after selling 166 shares during the quarter. Gray Wealth Management Inc.’s holdings in United Parcel Service were worth $435,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. OFI Invest Asset Management acquired a new stake in shares of United Parcel Service during the third quarter worth $25,000. IMA Wealth Inc. boosted its holdings in United Parcel Service by 100.0% during the second quarter. IMA Wealth Inc. now owns 142 shares of the transportation company’s stock worth $25,000 after buying an additional 71 shares during the last quarter. Pacific Center for Financial Services acquired a new position in shares of United Parcel Service during the 1st quarter worth about $25,000. Tennessee Valley Asset Management Partners bought a new stake in shares of United Parcel Service in the 4th quarter valued at about $26,000. Finally, Worth Asset Management LLC bought a new position in United Parcel Service during the 1st quarter worth approximately $27,000. Institutional investors own 60.26% of the company’s stock.

Analysts Set New Price Targets

UPS has been the subject of several recent analyst reports. Oppenheimer reaffirmed an “outperform” rating and issued a $153.00 target price on shares of United Parcel Service in a research note on Wednesday, March 27th. UBS Group upgraded United Parcel Service from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $160.00 to $175.00 in a report on Tuesday, February 6th. BMO Capital Markets increased their price target on United Parcel Service from $160.00 to $165.00 and gave the stock a “market perform” rating in a report on Wednesday, March 27th. Susquehanna reaffirmed a “neutral” rating and set a $150.00 price target on shares of United Parcel Service in a research report on Wednesday, March 27th. Finally, HSBC decreased their price objective on United Parcel Service from $155.00 to $150.00 and set a “hold” rating for the company in a research report on Thursday, March 28th. One investment 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. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $165.61.

Insider Activity at United Parcel Service

In other news, Director Eva C. Boratto acquired 1,400 shares of United Parcel Service stock in a transaction dated Friday, February 2nd. The stock was bought at an average price of $142.30 per share, for a total transaction of $199,220.00. Following the completion of the acquisition, 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 accessible through this link. 0.13% of the stock is owned by company insiders.

United Parcel Service Stock Performance

NYSE UPS traded up $0.49 on Thursday, hitting $142.74. 3,290,558 shares of the stock were exchanged, compared to its average volume of 4,307,722. The company has a market capitalization of $121.71 billion, a PE ratio of 18.29, a P/E/G ratio of 1.66 and a beta of 1.05. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.10 and a quick ratio of 1.10. The business’s fifty day moving average is $149.65 and its 200 day moving average is $151.34. United Parcel Service, Inc. has a 52 week low of $133.68 and a 52 week high of $197.80.

United Parcel Service (NYSE:UPS) last issued its earnings results on Tuesday, January 30th. The transportation company reported $2.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.46 by $0.01. United Parcel Service had a net margin of 7.37% and a return on equity of 39.46%. The company had revenue of $24.92 billion for the quarter, compared to analysts’ expectations of $25.40 billion. During the same period in the prior year, the firm earned $3.62 EPS. United Parcel Service’s quarterly revenue was down 7.8% compared to the same quarter last year. Research analysts anticipate that United Parcel Service, Inc. will post 8.2 EPS for the current fiscal year.

United Parcel Service Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 8th. Shareholders of record on Tuesday, February 20th were issued a $1.63 dividend. This is an increase from United Parcel Service’s previous quarterly dividend of $1.62. This represents a $6.52 annualized dividend and a dividend yield of 4.57%. The ex-dividend date was Friday, February 16th. United Parcel Service’s payout ratio is currently 83.70%.

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.