United Parcel Service, Inc. (NYSE:UPS) Shares Sold by Westhampton Capital LLC

Westhampton Capital LLC lessened its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 12.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,070 shares of the transportation company’s stock after selling 285 shares during the period. Westhampton Capital LLC’s holdings in United Parcel Service were worth $261,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Cigna Investments Inc. New raised its holdings in United Parcel Service by 1.0% in the third quarter. Cigna Investments Inc. New now owns 7,508 shares of the transportation company’s stock valued at $1,024,000 after buying an additional 75 shares during the period. Banco Santander S.A. raised its stake in shares of United Parcel Service by 0.6% in the 3rd 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 period. Gleason Group Inc. lifted its holdings in shares of United Parcel Service by 1.2% during the 3rd 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 in the last quarter. Tradewinds LLC. increased its holdings in United Parcel Service by 1.8% in the 3rd quarter. Tradewinds LLC. now owns 4,487 shares of the transportation company’s stock valued at $612,000 after purchasing an additional 81 shares in the last quarter. Finally, OLD Second National Bank of Aurora raised its position in United Parcel Service by 1.2% in the third quarter. OLD Second National Bank of Aurora now owns 7,177 shares of the transportation company’s stock valued at $979,000 after purchasing an additional 83 shares during the period. 60.26% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Norman M. Brothers, Jr. sold 7,325 shares of the 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 sale, the insider now owns 45,098 shares in the company, valued at approximately $6,249,229.86. This represents a 13.97 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.13% of the company’s stock.

Analyst Ratings Changes

UPS has been the subject of a number of recent research reports. Wells Fargo & Company lowered their target price on United Parcel Service from $155.00 to $150.00 and set an “overweight” rating for the company in a research note on Tuesday, January 7th. Susquehanna boosted their target price on shares of United Parcel Service from $135.00 to $140.00 and gave the stock a “neutral” rating in a research report on Friday, October 25th. Argus raised shares of United Parcel Service from a “hold” rating to a “buy” rating in a report on Tuesday, November 5th. BMO Capital Markets upgraded shares of United Parcel Service from a “market perform” rating to an “outperform” rating and cut their price objective for the stock from $155.00 to $150.00 in a report on Tuesday, December 10th. Finally, Wolfe Research upgraded United Parcel Service from a “peer perform” rating to an “outperform” rating and set a $147.00 price objective for the company in a research note on Wednesday, January 8th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating, fifteen have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, United Parcel Service currently has a consensus rating of “Moderate Buy” and a consensus target price of $151.24.

United Parcel Service Stock Performance

Shares of NYSE UPS opened at $133.81 on Thursday. United Parcel Service, Inc. has a 12-month low of $121.56 and a 12-month high of $158.95. The company has a market cap of $114.19 billion, a PE ratio of 20.21, a P/E/G ratio of 1.86 and a beta of 1.00. The stock has a 50 day simple moving average of $129.01 and a 200-day simple moving average of $130.70. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.20.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings results on Thursday, January 30th. The transportation company reported $2.75 EPS for the quarter, beating analysts’ consensus estimates of $2.52 by $0.23. United Parcel Service had a return on equity of 37.38% and a net margin of 6.25%. On average, equities research analysts forecast that United Parcel Service, Inc. will post 7.49 EPS for the current year.

United Parcel Service Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, December 5th. Investors of record on Monday, November 18th were issued a dividend of $1.63 per share. This represents a $6.52 dividend on an annualized basis and a yield of 4.87%. The ex-dividend date was Monday, November 18th. United Parcel Service’s payout ratio is currently 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.