Strategic Wealth Investment Group LLC Sells 3,054 Shares of United Parcel Service, Inc. (NYSE:UPS)

Strategic Wealth Investment Group LLC lowered its position in United Parcel Service, Inc. (NYSE:UPS) by 9.3% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 29,722 shares of the transportation company’s stock after selling 3,054 shares during the quarter. 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.

A number of other institutional investors have also bought and sold shares of the business. 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. Sanctuary Advisors LLC purchased a new position in shares of United Parcel Service in the second quarter worth $20,309,000. Newbridge Financial Services Group Inc. boosted its position in shares of United Parcel Service by 67.4% during the second quarter. Newbridge Financial Services Group Inc. now owns 745 shares of the transportation company’s stock worth $102,000 after acquiring an additional 300 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund grew its stake in United Parcel Service by 47,670.7% during the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 450,000 shares of the transportation company’s stock valued at $61,582,000 after acquiring an additional 449,058 shares in the last quarter. Finally, Neville Rodie & Shaw Inc. lifted its stake in United Parcel Service by 3.8% in the 3rd quarter. Neville Rodie & Shaw Inc. now owns 10,000 shares of the transportation company’s stock worth $1,363,000 after purchasing an additional 365 shares in the last quarter. Hedge funds and other institutional investors own 60.26% of the company’s stock.

Insider Buying and Selling

In related news, insider Norman M. Brothers, Jr. sold 7,325 shares of the company’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 directly owns 45,098 shares of the company’s stock, valued at $6,249,229.86. This represents a 13.97 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.13% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. Evercore ISI raised their price objective on United Parcel Service from $141.00 to $147.00 and gave the company an “in-line” rating in a research report on Wednesday, January 22nd. Barclays reaffirmed an “underweight” rating and issued a $120.00 price objective on shares of United Parcel Service in a research note on Monday, October 21st. Wolfe Research upgraded United Parcel Service from a “peer perform” rating to an “outperform” rating and set a $147.00 target price for the company in a research report on Wednesday, January 8th. Bank of America upgraded shares of United Parcel Service from a “neutral” rating to a “buy” rating and set a $150.00 price target on the stock in a research report on Thursday, January 16th. Finally, The Goldman Sachs Group lowered their price objective on shares of United Parcel Service from $165.00 to $162.00 and set a “buy” rating for the company in a research report on Wednesday, October 9th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating, fifteen have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $151.24.

United Parcel Service Stock Performance

UPS stock opened at $114.94 on Friday. United Parcel Service, Inc. has a twelve month low of $109.62 and a twelve month high of $158.95. The firm has a market cap of $98.09 billion, a price-to-earnings ratio of 17.36, a PEG ratio of 1.88 and a beta of 1.00. The business’s fifty day simple moving average is $129.05 and its two-hundred day simple moving average is $130.72. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.20.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings results 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 net margin of 6.25% and a return on equity of 37.38%. During the same period in the prior year, the firm posted $2.47 EPS. Analysts predict that United Parcel Service, Inc. will post 7.5 earnings per share for the current year.

United Parcel Service Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, December 5th. Investors of record on Monday, November 18th were issued a $1.63 dividend. The ex-dividend date was Monday, November 18th. This represents a $6.52 dividend on an annualized basis and a dividend yield of 5.67%. United Parcel Service’s payout ratio is 98.49%.

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.