High Net Worth Advisory Group LLC Sells 868 Shares of United Parcel Service, Inc. (NYSE:UPS)

High Net Worth Advisory Group LLC lowered its position in United Parcel Service, Inc. (NYSE:UPS) by 15.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,583 shares of the transportation company’s stock after selling 868 shares during the period. High Net Worth Advisory Group LLC’s holdings in United Parcel Service were worth $578,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. The Manufacturers Life Insurance Company increased its stake in United Parcel Service by 3.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 569,357 shares of the transportation company’s stock worth $77,917,000 after purchasing an additional 18,943 shares in the last quarter. Copperwynd Financial LLC increased its position in shares of United Parcel Service by 7.0% during the second quarter. Copperwynd Financial LLC now owns 1,908 shares of the transportation company’s stock worth $249,000 after acquiring an additional 124 shares in the last quarter. Sunbelt Securities Inc. raised its holdings in shares of United Parcel Service by 4.1% during the second quarter. Sunbelt Securities Inc. now owns 16,630 shares of the transportation company’s stock worth $2,276,000 after acquiring an additional 648 shares during the period. Wallace Advisory Group LLC lifted its position in United Parcel Service by 161.0% in the 2nd quarter. Wallace Advisory Group LLC now owns 3,469 shares of the transportation company’s stock valued at $475,000 after acquiring an additional 2,140 shares in the last quarter. Finally, Quarry LP boosted its stake in United Parcel Service by 453.6% in the 2nd quarter. Quarry LP now owns 537 shares of the transportation company’s stock worth $73,000 after purchasing an additional 440 shares during the period. Institutional investors and hedge funds own 60.26% of the company’s stock.

United Parcel Service Stock Performance

NYSE UPS opened at $132.98 on Monday. United Parcel Service, Inc. has a 52-week low of $121.56 and a 52-week high of $161.35. The stock has a market cap of $113.48 billion, a PE ratio of 20.09, a P/E/G ratio of 1.86 and a beta of 1.00. The firm has a 50-day moving average of $128.95 and a 200-day moving average of $130.80. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.14 and a current ratio of 1.14.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings data on Thursday, October 24th. The transportation company reported $1.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.63 by $0.13. The company had revenue of $22.20 billion during the quarter, compared to analysts’ expectations of $22.10 billion. United Parcel Service had a return on equity of 37.38% and a net margin of 6.25%. The business’s revenue was up 5.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.57 earnings per share. On average, sell-side analysts anticipate that United Parcel Service, Inc. will post 7.49 EPS for the current year.

United Parcel Service Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 5th. Shareholders of record on Monday, November 18th were issued a $1.63 dividend. This represents a $6.52 dividend on an annualized basis and a yield of 4.90%. The ex-dividend date of this dividend was Monday, November 18th. United Parcel Service’s dividend payout ratio is 98.49%.

Insiders Place Their Bets

In other United Parcel Service news, insider Norman M. Brothers, Jr. sold 7,325 shares of the business’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 completion of the sale, the insider now owns 45,098 shares of the company’s stock, valued at $6,249,229.86. The trade was a 13.97 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.13% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Stifel Nicolaus dropped 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. JPMorgan Chase & Co. boosted their target price on United Parcel Service from $134.00 to $135.00 and gave the company a “neutral” rating in a research note on Tuesday, January 7th. Wells Fargo & Company decreased their price target on shares of 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. Argus raised shares of United Parcel Service from a “hold” rating to a “buy” rating in a research report on Tuesday, November 5th. Finally, Citigroup lowered their price target on shares of United Parcel Service from $163.00 to $158.00 and set a “buy” rating on the stock in a research note on Tuesday, November 12th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, fifteen have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, United Parcel Service has a consensus rating of “Moderate Buy” and a consensus price target of $151.24.

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.