Key Financial Inc Sells 334 Shares of United Parcel Service, Inc. (NYSE:UPS)

Key Financial Inc decreased its position in United Parcel Service, Inc. (NYSE:UPS) by 25.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 977 shares of the transportation company’s stock after selling 334 shares during the quarter. Key Financial Inc’s holdings in United Parcel Service were worth $154,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in the company. MWA Asset Management bought a new position in shares of United Parcel Service during the 3rd quarter valued at approximately $2,125,000. Chesapeake Wealth Management grew its position in United Parcel Service by 1.3% in the 3rd quarter. Chesapeake Wealth Management now owns 7,886 shares of the transportation company’s stock valued at $1,229,000 after acquiring an additional 103 shares during the last quarter. Cerity Partners LLC grew its position in United Parcel Service by 13.1% in the 4th quarter. Cerity Partners LLC now owns 387,381 shares of the transportation company’s stock valued at $60,908,000 after acquiring an additional 44,721 shares during the last quarter. Telos Capital Management Inc. grew its position in United Parcel Service by 1.0% in the 3rd quarter. Telos Capital Management Inc. now owns 74,337 shares of the transportation company’s stock valued at $11,587,000 after acquiring an additional 740 shares during the last quarter. Finally, ING Groep NV grew its position in United Parcel Service by 289.9% in the 3rd quarter. ING Groep NV now owns 60,201 shares of the transportation company’s stock valued at $9,384,000 after acquiring an additional 44,760 shares during the last quarter. Institutional investors own 60.26% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on UPS shares. BMO Capital Markets upped their target price 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. Deutsche Bank Aktiengesellschaft decreased their price objective on United Parcel Service from $183.00 to $179.00 and set a “buy” rating for the company in a research note on Thursday, March 28th. TD Cowen decreased their price objective on United Parcel Service from $147.00 to $140.00 and set a “hold” rating for the company in a research note on Thursday, March 28th. Morgan Stanley upped their price objective on United Parcel Service from $95.00 to $100.00 and gave the stock an “underweight” rating in a research note on Wednesday, March 27th. Finally, UBS Group upgraded United Parcel Service from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $160.00 to $175.00 in a research note on Tuesday, February 6th. One research analyst has rated the stock with a sell rating, sixteen have given a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $165.61.

United Parcel Service Stock Performance

United Parcel Service stock traded down $0.64 during midday trading on Wednesday, hitting $142.25. 4,120,924 shares of the company were exchanged, compared to its average volume of 4,320,864. The firm has a market capitalization of $121.29 billion, a PE ratio of 18.34, a price-to-earnings-growth ratio of 1.68 and a beta of 1.05. United Parcel Service, Inc. has a fifty-two week low of $133.68 and a fifty-two week high of $197.80. The business has a fifty day simple moving average of $149.75 and a two-hundred day simple moving average of $151.40. 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) last posted its earnings results on Tuesday, January 30th. The transportation company reported $2.47 EPS for the quarter, topping the consensus estimate of $2.46 by $0.01. The firm had revenue of $24.92 billion for the quarter, compared to analyst estimates of $25.40 billion. United Parcel Service had a return on equity of 39.46% and a net margin of 7.37%. United Parcel Service’s revenue for the quarter was down 7.8% compared to the same quarter last year. During the same period last year, the company earned $3.62 earnings per share. On average, sell-side analysts forecast that United Parcel Service, Inc. will post 8.2 earnings per share for the current year.

United Parcel Service Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 8th. Investors 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 4.58%. This is a positive change from United Parcel Service’s previous quarterly dividend of $1.62. The ex-dividend date was Friday, February 16th. United Parcel Service’s dividend payout ratio (DPR) is 83.70%.

Insider Buying and Selling

In other United Parcel Service news, Director Eva C. Boratto purchased 1,400 shares of the stock in a transaction on Friday, February 2nd. The shares were bought at an average price of $142.30 per share, for a total transaction of $199,220.00. Following the completion of the transaction, the director now owns 1,400 shares of the company’s stock, valued at approximately $199,220. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.13% of the stock is owned by corporate insiders.

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.