United Parcel Service, Inc. (NYSE:UPS) Stock Holdings Lowered by Wilbanks Smith & Thomas Asset Management LLC

Wilbanks Smith & Thomas Asset Management LLC trimmed its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 8.5% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,899 shares of the transportation company’s stock after selling 271 shares during the period. Wilbanks Smith & Thomas Asset Management LLC’s holdings in United Parcel Service were worth $456,000 as of its most recent SEC filing.

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

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Oppenheimer raised their price objective on shares of United Parcel Service from $153.00 to $157.00 and gave the company an “outperform” rating in a research report on Wednesday, April 24th. Morgan Stanley lifted their price objective on shares of United Parcel Service from $95.00 to $100.00 and gave the company an “underweight” rating in a research note on Wednesday, March 27th. BMO Capital Markets increased their target price on shares of United Parcel Service from $165.00 to $169.00 and gave the stock a “market perform” rating in a research report on Wednesday, April 24th. Bank of America boosted their price target on United Parcel Service from $157.00 to $160.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 24th. Finally, Deutsche Bank Aktiengesellschaft lowered their price objective on United Parcel Service from $183.00 to $179.00 and set a “buy” rating on the stock in a report on Thursday, March 28th. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, eight have given 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 price target of $165.23.

United Parcel Service Trading Down 0.5 %

Shares of UPS opened at $146.43 on Friday. United Parcel Service, Inc. has a 52-week low of $133.68 and a 52-week high of $192.98. The company has a market cap of $124.85 billion, a price-to-earnings ratio of 21.22, a PEG ratio of 1.69 and a beta of 1.05. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.04 and a current ratio of 1.10. The stock has a fifty day moving average price of $149.44 and a two-hundred day moving average price of $150.74.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings data on Tuesday, April 23rd. The transportation company reported $1.43 EPS for the quarter, topping analysts’ consensus estimates of $1.33 by $0.10. United Parcel Service had a net margin of 6.60% and a return on equity of 37.42%. The firm had revenue of $21.70 billion for the quarter, compared to analyst estimates of $21.84 billion. During the same quarter in the prior year, the firm earned $2.20 EPS. The company’s revenue was down 5.3% on a year-over-year basis. Analysts predict that United Parcel Service, Inc. will post 8.23 EPS for the current fiscal year.

United Parcel Service Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 30th. Investors of record on Monday, May 13th will be issued a dividend of $1.63 per share. This represents a $6.52 dividend on an annualized basis and a yield of 4.45%. The ex-dividend date is Friday, May 10th. United Parcel Service’s dividend payout ratio is currently 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.