United Parcel Service, Inc. (NYSE:UPS) Shares Sold by TRUE Private Wealth Advisors

TRUE Private Wealth Advisors decreased its position in United Parcel Service, Inc. (NYSE:UPS) by 4.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,808 shares of the transportation company’s stock after selling 92 shares during the quarter. TRUE Private Wealth Advisors’ holdings in United Parcel Service were worth $247,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in UPS. GAMMA Investing LLC raised its stake in United Parcel Service by 64.3% in the second quarter. GAMMA Investing LLC now owns 5,394 shares of the transportation company’s stock valued at $738,000 after buying an additional 2,111 shares in the last quarter. Moody National Bank Trust Division increased its holdings in shares of United Parcel Service by 2.0% in the 2nd quarter. Moody National Bank Trust Division now owns 9,291 shares of the transportation company’s stock valued at $1,271,000 after acquiring an additional 178 shares during the last quarter. DNB Asset Management AS raised its position in shares of United Parcel Service by 14.1% during the 2nd quarter. DNB Asset Management AS now owns 191,984 shares of the transportation company’s stock worth $26,273,000 after acquiring an additional 23,671 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in United Parcel Service during the second quarter worth approximately $530,000. Finally, Bank & Trust Co acquired a new position in United Parcel Service in the second quarter valued at approximately $279,000. Institutional investors and hedge funds own 60.26% of the company’s stock.

Wall Street Analyst Weigh In

UPS has been the subject of several recent analyst reports. The Goldman Sachs Group reduced their price objective on shares of United Parcel Service from $165.00 to $162.00 and set a “buy” rating for the company in a research report on Wednesday, October 9th. Oppenheimer raised their price objective on United Parcel Service from $140.00 to $146.00 and gave the stock an “outperform” rating in a report on Monday, October 28th. Citigroup reduced their target price on United Parcel Service from $163.00 to $158.00 and set a “buy” rating for the company in a report on Tuesday, November 12th. JPMorgan Chase & Co. dropped their price target on United Parcel Service from $140.00 to $139.00 and set a “neutral” rating on the stock in a research note on Friday, October 25th. Finally, Argus upgraded United Parcel Service from a “hold” rating to a “buy” rating in a research note on Tuesday, November 5th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, twelve have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $151.52.

United Parcel Service Trading Up 0.0 %

Shares of United Parcel Service stock opened at $135.72 on Friday. The company has a 50-day moving average of $133.55 and a two-hundred day moving average of $133.77. United Parcel Service, Inc. has a 12-month low of $123.12 and a 12-month high of $163.82. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.20. The stock has a market cap of $115.82 billion, a PE ratio of 20.50, a price-to-earnings-growth ratio of 2.23 and a beta of 0.99.

United Parcel Service (NYSE:UPS) last released its quarterly earnings data on Thursday, October 24th. The transportation company reported $1.76 earnings per share for the quarter, beating the consensus estimate of $1.63 by $0.13. The firm had revenue of $22.20 billion during the quarter, compared to the consensus estimate of $22.10 billion. United Parcel Service had a return on equity of 37.38% and a net margin of 6.25%. United Parcel Service’s quarterly revenue was up 5.4% on a year-over-year basis. During the same period last year, the business posted $1.57 EPS. On average, research analysts anticipate that United Parcel Service, Inc. will post 7.48 EPS for the current fiscal year.

United Parcel Service Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Monday, November 18th will be given a $1.63 dividend. The ex-dividend date of this dividend is Monday, November 18th. This represents a $6.52 annualized dividend and a dividend yield of 4.80%. United Parcel Service’s dividend payout ratio is presently 98.49%.

Insider Activity at United Parcel Service

In other United Parcel Service news, insider Norman M. Brothers, Jr. sold 7,325 shares of the firm’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $138.57, for a total transaction of $1,015,025.25. Following the completion of the transaction, the insider now owns 45,098 shares of the company’s stock, valued at approximately $6,249,229.86. This trade represents a 13.97 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.13% of the stock is owned by corporate insiders.

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.