Strategic Wealth Investment Group LLC Has $3.75 Million Stock Holdings in United Parcel Service, Inc. (NYSE:UPS)

Strategic Wealth Investment Group LLC cut its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 9.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 29,722 shares of the transportation company’s stock after selling 3,054 shares during the period. Strategic Wealth Investment Group LLC’s holdings in United Parcel Service were worth $3,748,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Cigna Investments Inc. New raised its stake 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 worth $1,024,000 after buying an additional 75 shares in the last quarter. Banco Santander S.A. grew its holdings in shares of United Parcel Service by 0.6% during the 3rd quarter. Banco Santander S.A. now owns 12,596 shares of the transportation company’s stock worth $1,717,000 after acquiring an additional 79 shares during the period. Gleason Group Inc. raised its position in shares of United Parcel Service by 1.2% in the 3rd quarter. Gleason Group Inc. now owns 6,576 shares of the transportation company’s stock worth $897,000 after acquiring an additional 80 shares in the last quarter. Tradewinds LLC. lifted its stake in shares of 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 during the period. Finally, OLD Second National Bank of Aurora boosted its position in shares of United Parcel Service by 1.2% during 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 in the last quarter. Institutional investors and hedge funds own 60.26% of the company’s stock.

United Parcel Service Trading Down 14.1 %

Shares of UPS stock opened at $114.94 on Friday. The stock has a market capitalization of $98.09 billion, a P/E ratio of 17.36, a P/E/G ratio of 1.88 and a beta of 1.00. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.20. The firm’s 50 day moving average is $129.05 and its 200 day moving average is $130.72. United Parcel Service, Inc. has a 12-month low of $109.62 and a 12-month high of $158.95.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings data on Thursday, January 30th. The transportation company reported $2.75 EPS for the quarter, topping the consensus estimate of $2.52 by $0.23. United Parcel Service had a return on equity of 37.38% and a net margin of 6.25%. During the same period last year, the company earned $2.47 earnings per share. Research analysts expect that United Parcel Service, Inc. will post 7.5 earnings per share for the current year.

United Parcel Service Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 5th. Stockholders of record on Monday, November 18th were paid a $1.63 dividend. This represents a $6.52 annualized dividend and a dividend yield of 5.67%. The ex-dividend date of this dividend was Monday, November 18th. United Parcel Service’s dividend payout ratio (DPR) is presently 98.49%.

Insider Buying and Selling

In related news, insider Norman M. Brothers, Jr. sold 7,325 shares of the firm’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 transaction, the insider now directly 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 can be accessed through this link. 0.13% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

UPS has been the subject of several recent research reports. StockNews.com raised United Parcel Service from a “hold” rating to a “buy” rating in a research report on Wednesday, November 6th. UBS Group lifted their price target on shares of United Parcel Service from $159.00 to $170.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Evercore ISI upped their price objective on shares of United Parcel Service from $141.00 to $147.00 and gave the stock an “in-line” rating in a report on Wednesday, January 22nd. BMO Capital Markets raised shares of United Parcel Service from a “market perform” rating to an “outperform” rating and decreased their target price for the company from $155.00 to $150.00 in a research note on Tuesday, December 10th. Finally, Stifel Nicolaus cut their price target on United Parcel Service from $156.00 to $153.00 and set a “buy” rating on the stock in a research note on Thursday, January 23rd. Two research analysts have rated the stock with a sell rating, five have given a hold rating, fifteen have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, United Parcel Service has a consensus rating of “Moderate Buy” and an average price target of $151.24.

About United Parcel Service

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.