Gilman Hill Asset Management LLC Sells 4,942 Shares of United Parcel Service, Inc. (NYSE:UPS)

Gilman Hill Asset Management LLC reduced its position in United Parcel Service, Inc. (NYSE:UPS) by 8.4% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 53,858 shares of the transportation company’s stock after selling 4,942 shares during the period. United Parcel Service accounts for approximately 1.2% of Gilman Hill Asset Management LLC’s investment portfolio, making the stock its 26th largest holding. Gilman Hill Asset Management LLC’s holdings in United Parcel Service were worth $6,791,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Cigna Investments Inc. New boosted its stake in shares of United Parcel Service by 1.0% in the 3rd quarter. Cigna Investments Inc. New now owns 7,508 shares of the transportation company’s stock valued at $1,024,000 after purchasing an additional 75 shares during the last quarter. Banco Santander S.A. boosted its stake in United Parcel Service by 0.6% in the third quarter. Banco Santander S.A. now owns 12,596 shares of the transportation company’s stock valued at $1,717,000 after acquiring an additional 79 shares during the last quarter. Gleason Group Inc. boosted its stake in United Parcel Service by 1.2% in the third quarter. Gleason Group Inc. now owns 6,576 shares of the transportation company’s stock valued at $897,000 after acquiring an additional 80 shares during the last quarter. Tradewinds LLC. grew its holdings in United Parcel Service by 1.8% during the 3rd quarter. Tradewinds LLC. now owns 4,487 shares of the transportation company’s stock worth $612,000 after acquiring an additional 81 shares during the period. Finally, OLD Second National Bank of Aurora raised its position in shares of United Parcel Service by 1.2% during the 3rd quarter. OLD Second National Bank of Aurora now owns 7,177 shares of the transportation company’s stock valued at $979,000 after acquiring an additional 83 shares during the last quarter. Institutional investors own 60.26% of the company’s stock.

Analysts Set New Price Targets

UPS has been the topic of several recent research reports. The Goldman Sachs Group reduced their price target on United Parcel Service from $165.00 to $162.00 and set a “buy” rating on the stock in a research report on Wednesday, October 9th. Susquehanna increased their price target on shares of United Parcel Service from $135.00 to $140.00 and gave the company a “neutral” rating in a research report on Friday, October 25th. Wolfe Research upgraded shares of United Parcel Service from a “peer perform” rating to an “outperform” rating and set a $147.00 price objective for the company in a report on Wednesday, January 8th. Bank of America upgraded shares of United Parcel Service from a “neutral” rating to a “buy” rating and set a $150.00 target price on the stock in a report on Thursday. Finally, StockNews.com upgraded shares of United Parcel Service from a “hold” rating to a “buy” rating in a research report on Wednesday, November 6th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, fifteen have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, United Parcel Service presently has a consensus rating of “Moderate Buy” and a consensus price target of $151.10.

Insider Activity at United Parcel Service

In related news, insider Norman M. Brothers, Jr. sold 7,325 shares of the business’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 sale, the insider now owns 45,098 shares in the company, valued at $6,249,229.86. The trade was a 13.97 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.13% of the stock is owned by insiders.

United Parcel Service Trading Down 0.1 %

UPS stock opened at $129.77 on Monday. United Parcel Service, Inc. has a 52 week low of $121.56 and a 52 week high of $161.35. The company has a market capitalization of $110.74 billion, a PE ratio of 19.60, a price-to-earnings-growth ratio of 1.73 and a beta of 1.00. The company’s 50-day simple moving average is $128.95 and its 200 day simple moving average is $130.90. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.14 and a current ratio of 1.14.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings data on Thursday, October 24th. The transportation company reported $1.76 EPS for the quarter, topping analysts’ consensus estimates of $1.63 by $0.13. United Parcel Service had a return on equity of 37.38% and a net margin of 6.25%. The firm had revenue of $22.20 billion for the quarter, compared to analyst estimates of $22.10 billion. During the same quarter last year, the company earned $1.57 EPS. The company’s revenue was up 5.4% on a year-over-year basis. As a group, sell-side analysts anticipate that United Parcel Service, Inc. will post 7.49 earnings per share for the current year.

United Parcel Service Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 5th. Investors of record on Monday, November 18th were given a dividend of $1.63 per share. This represents a $6.52 dividend on an annualized basis and a yield of 5.02%. The ex-dividend date was Monday, November 18th. United Parcel Service’s dividend payout ratio is 98.49%.

United Parcel Service Company 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.