Signet Financial Management LLC Sells 332 Shares of United Parcel Service, Inc. (NYSE:UPS)

Signet Financial Management LLC lowered its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 10.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,994 shares of the transportation company’s stock after selling 332 shares during the period. Signet Financial Management LLC’s holdings in United Parcel Service were worth $471,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in UPS. RB Capital Management LLC increased its stake in shares of United Parcel Service by 3.1% during the first quarter. RB Capital Management LLC now owns 2,689 shares of the transportation company’s stock valued at $577,000 after buying an additional 81 shares during the period. Ergoteles LLC purchased a new position in shares of United Parcel Service during the first quarter valued at $1,162,000. Halbert Hargrove Global Advisors LLC increased its stake in shares of United Parcel Service by 10.0% during the first quarter. Halbert Hargrove Global Advisors LLC now owns 1,233 shares of the transportation company’s stock valued at $264,000 after buying an additional 112 shares during the period. First Western Trust Bank purchased a new position in shares of United Parcel Service during the first quarter valued at $515,000. Finally, Stevens Capital Management LP purchased a new position in United Parcel Service in the first quarter valued at about $701,000. Hedge funds and other institutional investors own 60.26% of the company’s stock.

Insider Buying and Selling at United Parcel Service

In related news, Director Eva C. Boratto bought 1,400 shares of the company’s stock in a transaction 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 acquisition, 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 at this link. 0.13% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

UPS has been the topic of several analyst reports. Barclays cut their target price on United Parcel Service from $150.00 to $145.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 31st. Daiwa Capital Markets lowered United Parcel Service from an “outperform” rating to a “neutral” rating and set a $155.00 target price on the stock. in a research note on Tuesday, December 26th. Oppenheimer reiterated an “outperform” rating and issued a $153.00 target price on shares of United Parcel Service in a research note on Wednesday, March 27th. BMO Capital Markets lifted their target price on United Parcel Service from $160.00 to $165.00 and gave the company a “market perform” rating in a research note on Wednesday, March 27th. Finally, Deutsche Bank Aktiengesellschaft lowered their price target on United Parcel Service from $183.00 to $179.00 and set a “buy” rating for the company in a report on Thursday, March 28th. One research analyst has rated the stock with a sell rating, sixteen have given a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, United Parcel Service presently has a consensus rating of “Hold” and an average target price of $165.61.

United Parcel Service Trading Down 1.3 %

Shares of NYSE:UPS opened at $142.91 on Wednesday. United Parcel Service, Inc. has a 12-month low of $133.68 and a 12-month high of $197.80. The company has a market capitalization of $121.85 billion, a PE ratio of 18.35, a PEG ratio of 1.68 and a beta of 1.05. The business has a 50 day moving average of $149.75 and a two-hundred day moving average of $151.40. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.09.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings data on Tuesday, January 30th. The transportation company reported $2.47 EPS for the quarter, beating analysts’ consensus estimates of $2.46 by $0.01. The business had revenue of $24.92 billion during the quarter, compared to analysts’ expectations of $25.40 billion. United Parcel Service had a return on equity of 39.46% and a net margin of 7.37%. The business’s revenue was down 7.8% compared to the same quarter last year. During the same period in the previous year, the business earned $3.62 earnings per share. As a group, analysts forecast that United Parcel Service, Inc. will post 8.2 EPS for the current year.

United Parcel Service Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 8th. Shareholders of record on Tuesday, February 20th were issued a $1.63 dividend. This is a boost from United Parcel Service’s previous quarterly dividend of $1.62. This represents a $6.52 annualized dividend and a yield of 4.56%. The ex-dividend date of this dividend was Friday, February 16th. United Parcel Service’s dividend payout ratio is presently 83.70%.

United Parcel Service Company 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.