Transcend Capital Advisors LLC Sells 721 Shares of United Parcel Service, Inc. (NYSE:UPS)

Transcend Capital Advisors LLC reduced its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 14.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,184 shares of the transportation company’s stock after selling 721 shares during the period. Transcend Capital Advisors LLC’s holdings in United Parcel Service were worth $528,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of UPS. AMF Tjanstepension AB boosted its holdings in United Parcel Service by 39.7% in the 3rd quarter. AMF Tjanstepension AB now owns 108,360 shares of the transportation company’s stock valued at $14,793,000 after purchasing an additional 30,815 shares during the period. Allspring Global Investments Holdings LLC boosted its holdings in United Parcel Service by 40.2% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 103,515 shares of the transportation company’s stock valued at $14,113,000 after purchasing an additional 29,657 shares during the period. Dakota Wealth Management boosted its holdings in United Parcel Service by 42.2% in the 3rd quarter. Dakota Wealth Management now owns 11,060 shares of the transportation company’s stock valued at $1,508,000 after purchasing an additional 3,280 shares during the period. Silver Oak Securities Incorporated boosted its holdings in United Parcel Service by 18.5% in the 3rd quarter. Silver Oak Securities Incorporated now owns 3,977 shares of the transportation company’s stock valued at $534,000 after purchasing an additional 620 shares during the period. Finally, Pavion Blue Capital LLC boosted its holdings in United Parcel Service by 1.8% in the 3rd quarter. Pavion Blue Capital LLC now owns 26,029 shares of the transportation company’s stock valued at $3,549,000 after purchasing an additional 469 shares during the period. 60.26% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have weighed in on UPS shares. The Goldman Sachs Group reduced their price target on shares of United Parcel Service from $166.00 to $147.00 and set a “buy” rating for the company in a report on Friday, January 31st. Citigroup reduced their price target on shares of United Parcel Service from $158.00 to $149.00 and set a “buy” rating for the company in a report on Friday, January 31st. Raymond James reduced their price target on shares of United Parcel Service from $155.00 to $145.00 and set a “strong-buy” rating for the company in a report on Friday, January 31st. Wolfe Research raised 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. Finally, Morgan Stanley reduced their price objective on shares of United Parcel Service from $100.00 to $82.00 and set an “underweight” rating for the company in a report on Friday, January 31st. Two analysts have rated the stock with a sell rating, eight have given a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $140.73.

United Parcel Service Trading Down 0.2 %

Shares of United Parcel Service stock opened at $116.35 on Friday. The company has a quick ratio of 1.14, a current ratio of 1.17 and a debt-to-equity ratio of 1.16. The stock has a market capitalization of $99.38 billion, a P/E ratio of 17.21, a price-to-earnings-growth ratio of 1.55 and a beta of 0.98. United Parcel Service, Inc. has a 12-month low of $109.40 and a 12-month high of $158.95. The company has a 50-day simple moving average of $123.21 and a 200 day simple moving average of $128.36.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings data on Thursday, January 30th. The transportation company reported $2.75 earnings per share for the quarter, beating the consensus estimate of $2.52 by $0.23. United Parcel Service had a net margin of 6.35% and a return on equity of 39.13%. During the same period in the previous year, the firm posted $2.47 earnings per share. Research analysts expect that United Parcel Service, Inc. will post 7.95 earnings per share for the current fiscal year.

United Parcel Service Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 6th. Shareholders of record on Tuesday, February 18th will be given a $1.64 dividend. This represents a $6.56 annualized dividend and a yield of 5.64%. The ex-dividend date of this dividend is Tuesday, February 18th. This is a boost from United Parcel Service’s previous quarterly dividend of $1.63. United Parcel Service’s dividend payout ratio (DPR) is presently 97.04%.

Insider Buying and Selling at United Parcel Service

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

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.