United Parcel Service, Inc. (NYSE:UPS) Shares Sold by Gilbert & Cook Inc.

Gilbert & Cook Inc. cut its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 6.2% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 52,140 shares of the transportation company’s stock after selling 3,419 shares during the quarter. United Parcel Service accounts for approximately 0.9% of Gilbert & Cook Inc.’s holdings, making the stock its 13th largest position. Gilbert & Cook Inc.’s holdings in United Parcel Service were worth $6,575,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of UPS. Quarry LP boosted its stake in United Parcel Service by 453.6% in the 2nd quarter. Quarry LP now owns 537 shares of the transportation company’s stock worth $73,000 after buying an additional 440 shares during the last quarter. B. Riley Wealth Advisors Inc. lifted its holdings in shares of United Parcel Service by 8.3% during the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 24,205 shares of the transportation company’s stock worth $3,312,000 after acquiring an additional 1,863 shares during the period. 3Chopt Investment Partners LLC purchased a new stake in United Parcel Service in the second quarter valued at approximately $363,000. New Wave Wealth Advisors LLC acquired a new position in United Parcel Service during the second quarter worth approximately $231,000. Finally, Farmers National Bank increased its position in United Parcel Service by 0.6% during the second quarter. Farmers National Bank now owns 29,366 shares of the transportation company’s stock worth $4,019,000 after purchasing an additional 185 shares during the last quarter. Institutional investors and hedge funds own 60.26% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on UPS. BMO Capital Markets raised shares of United Parcel Service from a “market perform” rating to an “outperform” rating and lowered their price objective for the company from $155.00 to $150.00 in a research note on Tuesday, December 10th. StockNews.com upgraded United Parcel Service from a “hold” rating to a “buy” rating in a research note on Wednesday, November 6th. Bank of America raised United Parcel Service from a “neutral” rating to a “buy” rating and set a $150.00 price objective on the stock in a research note on Thursday, January 16th. Wells Fargo & Company decreased their target price on United Parcel Service from $155.00 to $150.00 and set an “overweight” rating for the company in a report on Tuesday, January 7th. Finally, Barclays restated an “underweight” rating and issued a $120.00 price target on shares of United Parcel Service in a report on Monday, October 21st. Two research analysts have rated the stock with a sell rating, five have given a hold rating, fifteen have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $151.24.

Insider Activity at United Parcel Service

In other United Parcel Service news, insider Norman M. Brothers, Jr. sold 7,325 shares of the stock in a transaction on Monday, November 25th. The shares were sold at an average price of $138.57, for a total transaction of $1,015,025.25. Following the sale, the insider now directly owns 45,098 shares of the company’s stock, valued at approximately $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 the SEC website. 0.13% of the stock is owned by corporate insiders.

United Parcel Service Stock Performance

Shares of UPS opened at $113.96 on Thursday. The firm has a market cap of $97.25 billion, a price-to-earnings ratio of 17.15, a PEG ratio of 1.86 and a beta of 1.00. 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 business’s 50 day moving average is $129.01 and its two-hundred day moving average is $130.70. United Parcel Service, Inc. has a 52-week low of $113.89 and a 52-week high of $158.95.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings results on Thursday, January 30th. The transportation company reported $2.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.52 by $0.23. United Parcel Service had a net margin of 6.25% and a return on equity of 37.38%. Analysts forecast that United Parcel Service, Inc. will post 7.49 EPS for the current fiscal year.

United Parcel Service Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, December 5th. Investors of record on Monday, November 18th were paid a $1.63 dividend. The ex-dividend date of this dividend was Monday, November 18th. This represents a $6.52 dividend on an annualized basis and a yield of 5.72%. United Parcel Service’s dividend payout ratio (DPR) is 98.49%.

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.