Flagship Harbor Advisors LLC Sells 1,199 Shares of United Parcel Service, Inc. (NYSE:UPS)

Flagship Harbor Advisors LLC decreased its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 29.7% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,836 shares of the transportation company’s stock after selling 1,199 shares during the period. Flagship Harbor Advisors LLC’s holdings in United Parcel Service were worth $358,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in UPS. Principal Financial Group Inc. boosted its position in shares of United Parcel Service by 4.3% during the 3rd quarter. Principal Financial Group Inc. now owns 829,280 shares of the transportation company’s stock valued at $113,064,000 after acquiring an additional 33,989 shares during the last quarter. Synovus Financial Corp lifted its position in United Parcel Service by 8.6% during the third quarter. Synovus Financial Corp now owns 87,531 shares of the transportation company’s stock valued at $11,934,000 after purchasing an additional 6,941 shares during the last quarter. Van ECK Associates Corp grew its stake in United Parcel Service by 1,061.1% in the 3rd quarter. Van ECK Associates Corp now owns 1,772,765 shares of the transportation company’s stock worth $232,959,000 after buying an additional 1,620,091 shares in the last quarter. HF Advisory Group LLC bought a new position in shares of United Parcel Service in the 4th quarter worth $1,305,000. Finally, Cohen Investment Advisors LLC raised its position in shares of United Parcel Service by 26.4% during the 3rd quarter. Cohen Investment Advisors LLC now owns 18,357 shares of the transportation company’s stock valued at $2,503,000 after buying an additional 3,835 shares in the last quarter. 60.26% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Bank of America raised United Parcel Service from a “neutral” rating to a “buy” rating and set a $150.00 target price on the stock in a research note on Thursday, January 16th. Wolfe Research raised United Parcel Service from a “peer perform” rating to an “outperform” rating and set a $147.00 price objective on the stock in a report on Wednesday, January 8th. JPMorgan Chase & Co. upped their target price on United Parcel Service from $134.00 to $135.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 7th. StockNews.com raised shares of United Parcel Service from a “hold” rating to a “buy” rating in a research note on Wednesday, November 6th. Finally, Oppenheimer upped their price objective on shares of United Parcel Service from $140.00 to $146.00 and gave the company an “outperform” rating in a research note on Monday, October 28th. Two investment 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. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $151.24.

United Parcel Service Stock Performance

NYSE:UPS opened at $135.46 on Wednesday. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.20. The firm’s fifty day simple moving average is $128.97 and its 200 day simple moving average is $130.75. The stock has a market cap of $115.59 billion, a P/E ratio of 20.46, a price-to-earnings-growth ratio of 1.86 and a beta of 1.00. United Parcel Service, Inc. has a twelve month low of $121.56 and a twelve month high of $158.95.

United Parcel Service Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, December 5th. Stockholders of record on Monday, November 18th were paid a dividend of $1.63 per share. This represents a $6.52 dividend on an annualized basis and a dividend yield of 4.81%. The ex-dividend date was Monday, November 18th. United Parcel Service’s payout ratio is 98.49%.

Insider Activity at United Parcel Service

In related news, insider Norman M. Brothers, Jr. sold 7,325 shares of the company’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $138.57, for a total value of $1,015,025.25. Following the sale, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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.