AlphaMark Advisors LLC raised its stake in shares of United Parcel Service, Inc. (NYSE:UPS – Free Report) by 6.2% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,848 shares of the transportation company’s stock after buying an additional 167 shares during the quarter. AlphaMark Advisors LLC’s holdings in United Parcel Service were worth $359,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently modified their holdings of UPS. IFS Advisors LLC boosted its position in shares of United Parcel Service by 232.3% in the fourth quarter. IFS Advisors LLC now owns 216 shares of the transportation company’s stock valued at $27,000 after acquiring an additional 151 shares during the period. True Wealth Design LLC lifted its stake in United Parcel Service by 397.7% in the 3rd quarter. True Wealth Design LLC now owns 214 shares of the transportation company’s stock worth $29,000 after purchasing an additional 171 shares in the last quarter. PSI Advisors LLC boosted its holdings in United Parcel Service by 408.2% in the 3rd quarter. PSI Advisors LLC now owns 249 shares of the transportation company’s stock valued at $34,000 after purchasing an additional 200 shares during the period. Princeton Global Asset Management LLC grew its position in shares of United Parcel Service by 720.0% during the 3rd quarter. Princeton Global Asset Management LLC now owns 246 shares of the transportation company’s stock valued at $34,000 after purchasing an additional 216 shares in the last quarter. Finally, FSA Wealth Management LLC bought a new position in shares of United Parcel Service in the third quarter worth $36,000. 60.26% of the stock is currently owned by institutional investors.
Insider Buying and Selling at United Parcel Service
In related news, insider Norman M. Brothers, Jr. sold 7,325 shares of the stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $138.57, for a total value of $1,015,025.25. Following the completion of the transaction, the insider now directly owns 45,098 shares of the company’s stock, valued at $6,249,229.86. This represents a 13.97 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.13% of the company’s stock.
United Parcel Service Trading Down 0.5 %
United Parcel Service (NYSE:UPS – Get Free Report) last posted its earnings results on Thursday, October 24th. The transportation company reported $1.76 earnings per share for the quarter, topping analysts’ consensus estimates of $1.63 by $0.13. The company had revenue of $22.20 billion during the quarter, compared to analyst estimates of $22.10 billion. United Parcel Service had a net margin of 6.25% and a return on equity of 37.38%. United Parcel Service’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same period in the prior year, the business posted $1.57 earnings per share. On average, research analysts anticipate that United Parcel Service, Inc. will post 7.49 EPS for the current year.
United Parcel Service Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Thursday, December 5th. Investors of record on Monday, November 18th were issued a $1.63 dividend. This represents a $6.52 annualized dividend and a yield of 4.90%. The ex-dividend date was Monday, November 18th. United Parcel Service’s dividend payout ratio (DPR) is currently 98.49%.
Analyst Ratings Changes
Several equities research analysts recently issued reports on UPS shares. Susquehanna lifted their price objective on United Parcel Service from $135.00 to $140.00 and gave the company a “neutral” rating in a research note on Friday, October 25th. StockNews.com raised United Parcel Service from a “hold” rating to a “buy” rating in a report on Wednesday, November 6th. Citigroup cut their price objective 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. BMO Capital Markets raised shares of United Parcel Service from a “market perform” rating to an “outperform” rating and lowered their target price for the company from $155.00 to $150.00 in a research note on Tuesday, December 10th. Finally, Barclays reiterated an “underweight” rating and set a $120.00 target price on shares of United Parcel Service in a research report on Monday, October 21st. Two analysts have rated the stock with a sell rating, five have issued a hold rating, fifteen have assigned 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 a consensus target price of $151.24.
View Our Latest Stock Report on United Parcel Service
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.
See Also
- Five stocks we like better than United Parcel Service
- What is Short Interest? How to Use It
- Bloom Energy: Powering the Future With Decentralized Energy
- Business Services Stocks Investing
- Dividend Powerhouses: Blue-Chip Stocks Built for the Long Haul
- Canada Bond Market Holiday: How to Invest and Trade
- Why Traders Are Buying the Dip on Johnson & Johnson Stock
Receive News & Ratings for United Parcel Service Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United Parcel Service and related companies with MarketBeat.com's FREE daily email newsletter.