Capital Management Corp VA Reduces Position in United Parcel Service, Inc. (NYSE:UPS)

Capital Management Corp VA reduced its holdings in United Parcel Service, Inc. (NYSE:UPS - Free Report) by 24.4% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 43,642 shares of the transportation company's stock after selling 14,051 shares during the quarter. Capital Management Corp VA's holdings in United Parcel Service were worth $6,862,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of UPS. Pacific Center for Financial Services acquired a new position in shares of United Parcel Service in the 1st quarter worth approximately $25,000. IMA Wealth Inc. lifted its stake in United Parcel Service by 100.0% in the second quarter. IMA Wealth Inc. now owns 142 shares of the transportation company's stock valued at $25,000 after acquiring an additional 71 shares during the last quarter. Worth Asset Management LLC acquired a new stake in United Parcel Service in the first quarter valued at approximately $27,000. Tennessee Valley Asset Management Partners acquired a new stake in United Parcel Service in the fourth quarter valued at approximately $26,000. Finally, OFI Invest Asset Management acquired a new stake in United Parcel Service in the third quarter valued at approximately $25,000. 60.26% of the stock is currently owned by institutional investors.

Insider Buying and Selling at United Parcel Service

In other United Parcel Service news, Director Eva C. Boratto acquired 1,400 shares of the company's stock in a transaction dated Friday, February 2nd. The stock was purchased at an average price of $142.30 per share, with a total value of $199,220.00. Following the completion of the purchase, the director now directly owns 1,400 shares in the company, valued at approximately $199,220. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.13% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. TD Cowen dropped their price target on shares of United Parcel Service from $147.00 to $140.00 and set a "hold" rating on the stock in a research report on Thursday, March 28th. Daiwa Capital Markets downgraded shares of United Parcel Service from an "outperform" rating to a "neutral" rating and set a $155.00 price target on the stock. in a research report on Tuesday, December 26th. TheStreet upgraded shares of United Parcel Service from a "c" rating to a "b-" rating in a research report on Tuesday, January 30th. Susquehanna restated a "neutral" rating and set a $150.00 target price on shares of United Parcel Service in a research report on Wednesday, March 27th. Finally, Oppenheimer restated an "outperform" rating and set a $153.00 target price on shares of United Parcel Service in a research report on Wednesday, March 27th. One equities research analyst has rated the stock with a sell rating, sixteen have issued a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, United Parcel Service currently has a consensus rating of "Hold" and a consensus target price of $165.61.

United Parcel Service Stock Up 0.0 %

Shares of NYSE UPS traded up $0.03 during mid-day trading on Friday, hitting $142.77. 5,118,505 shares of the stock traded hands, compared to its average volume of 4,563,615. The stock has a fifty day moving average price of $149.48 and a 200-day moving average price of $151.18. The company has a market cap of $121.73 billion, a price-to-earnings ratio of 18.33, a PEG ratio of 1.66 and a beta of 1.05. United Parcel Service, Inc. has a 52 week low of $133.68 and a 52 week high of $197.80. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.10 and a current ratio of 1.10.

United Parcel Service (NYSE:UPS - Get Free Report) last posted its quarterly earnings results on Tuesday, January 30th. The transportation company reported $2.47 earnings per share for the quarter, topping the consensus estimate of $2.46 by $0.01. United Parcel Service had a return on equity of 39.46% and a net margin of 7.37%. The firm had revenue of $24.92 billion during the quarter, compared to analysts' expectations of $25.40 billion. During the same quarter in the previous year, the business earned $3.62 earnings per share. The company's revenue was down 7.8% on a year-over-year basis. Research analysts anticipate 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. Shareholders of record on Tuesday, February 20th were issued a dividend of $1.63 per share. This represents a $6.52 annualized dividend and a yield of 4.57%. The ex-dividend date of this dividend was Friday, February 16th. This is a positive change from United Parcel Service's previous quarterly dividend of $1.62. 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.