Procyon Advisors LLC Sells 2,453 Shares of United Parcel Service, Inc. (NYSE:UPS)

Procyon Advisors LLC reduced its stake in United Parcel Service, Inc. (NYSE:UPS) by 11.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,157 shares of the transportation company’s stock after selling 2,453 shares during the quarter. Procyon Advisors LLC’s holdings in United Parcel Service were worth $3,012,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of the stock. State Street Corp raised its position in shares of United Parcel Service by 1.3% during the 2nd quarter. State Street Corp now owns 28,354,781 shares of the transportation company’s stock valued at $5,082,594,000 after buying an additional 357,974 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in United Parcel Service by 4.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 15,889,570 shares of the transportation company’s stock valued at $2,456,055,000 after purchasing an additional 628,944 shares in the last quarter. Wellington Management Group LLP lifted its stake in United Parcel Service by 31.7% during the third quarter. Wellington Management Group LLP now owns 9,677,202 shares of the transportation company’s stock worth $1,508,385,000 after purchasing an additional 2,331,875 shares during the last quarter. Northern Trust Corp boosted its holdings in shares of United Parcel Service by 0.6% in the 1st quarter. Northern Trust Corp now owns 9,273,417 shares of the transportation company’s stock worth $1,988,777,000 after purchasing an additional 54,401 shares in the last quarter. Finally, Morgan Stanley increased its position in shares of United Parcel Service by 33.7% during the 4th quarter. Morgan Stanley now owns 7,730,090 shares of the transportation company’s stock valued at $1,343,799,000 after purchasing an additional 1,949,775 shares during the last quarter. 60.26% of the stock is currently owned by institutional investors.

United Parcel Service Trading Up 0.1 %

UPS traded up $0.22 during midday trading on Thursday, reaching $147.55. 528,661 shares of the company’s stock traded hands, compared to its average volume of 4,348,875. The firm has a fifty day moving average of $150.79 and a two-hundred day moving average of $152.28. The stock has a market capitalization of $125.81 billion, a price-to-earnings ratio of 18.91, a P/E/G ratio of 1.64 and a beta of 1.05. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.10 and a quick ratio of 1.10. United Parcel Service, Inc. has a 52 week low of $133.68 and a 52 week high of $197.80.

United Parcel Service (NYSE:UPS) last released its quarterly earnings results on Tuesday, January 30th. The transportation company reported $2.47 EPS for the quarter, beating analysts’ consensus estimates of $2.46 by $0.01. United Parcel Service had a return on equity of 39.46% and a net margin of 7.37%. The business had revenue of $24.92 billion during the quarter, compared to analyst estimates of $25.40 billion. During the same quarter in the prior year, the company posted $3.62 EPS. United Parcel Service’s quarterly revenue was down 7.8% compared to the same quarter last year. On average, equities analysts anticipate that United Parcel Service, Inc. will post 8.29 earnings per share for the current fiscal year.

United Parcel Service Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 8th. Shareholders of record on Tuesday, February 20th were given a dividend of $1.63 per share. The ex-dividend date of this dividend was Friday, February 16th. This represents a $6.52 annualized dividend and a yield of 4.42%. This is a positive change from United Parcel Service’s previous quarterly dividend of $1.62. United Parcel Service’s dividend payout ratio (DPR) is currently 83.70%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on UPS shares. BMO Capital Markets boosted their target price on United Parcel Service from $160.00 to $165.00 and gave the stock a “market perform” rating in a research report on Wednesday. JPMorgan Chase & Co. cut their price objective on shares of United Parcel Service from $165.00 to $156.00 and set a “neutral” rating for the company in a research note on Thursday, December 21st. TheStreet upgraded shares of United Parcel Service from a “c” rating to a “b-” rating in a research report on Tuesday, January 30th. Morgan Stanley upped their price target on shares of United Parcel Service from $95.00 to $100.00 and gave the company an “underweight” rating in a research report on Wednesday. Finally, Daiwa Capital Markets downgraded United Parcel Service from an “outperform” rating to a “neutral” rating and set a $155.00 price objective on the stock. in a report on Tuesday, December 26th. One equities research analyst has rated the stock with a sell rating, sixteen have issued a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $166.48.

Insider Activity

In other United Parcel Service news, Director Eva C. Boratto purchased 1,400 shares of the firm’s stock in a transaction that occurred on Friday, February 2nd. The stock was bought at an average cost of $142.30 per share, for a total transaction of $199,220.00. Following the purchase, the director now directly owns 1,400 shares in the company, valued at $199,220. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company 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.