United Parcel Service, Inc. (NYSE:UPS) Shares Sold by Investment House LLC

Investment House LLC lowered its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 35.0% in the fourth quarter, HoldingsChannel reports. The firm owned 45,200 shares of the transportation company’s stock after selling 24,357 shares during the quarter. Investment House LLC’s holdings in United Parcel Service were worth $7,107,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Bluesphere Advisors LLC acquired a new position in United Parcel Service during the 4th quarter valued at approximately $217,000. Choreo LLC boosted its position in United Parcel Service by 1.0% during the 4th quarter. Choreo LLC now owns 137,758 shares of the transportation company’s stock worth $21,660,000 after acquiring an additional 1,321 shares during the period. Gilbert & Cook Inc. boosted its position in United Parcel Service by 0.7% during the 4th quarter. Gilbert & Cook Inc. now owns 74,000 shares of the transportation company’s stock worth $11,635,000 after acquiring an additional 540 shares during the period. Capital Investment Counsel Inc boosted its position in United Parcel Service by 2.9% during the 4th quarter. Capital Investment Counsel Inc now owns 28,089 shares of the transportation company’s stock worth $4,416,000 after acquiring an additional 785 shares during the period. Finally, Silver Oak Securities Incorporated acquired a new position in United Parcel Service during the 4th quarter worth $541,000. Institutional investors and hedge funds own 60.26% of the company’s stock.

Analyst Ratings Changes

UPS has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft reduced their price target on United Parcel Service from $183.00 to $179.00 and set a “buy” rating for the company in a research report on Thursday, March 28th. Stifel Nicolaus dropped their price objective on United Parcel Service from $178.00 to $170.00 and set a “buy” rating on the stock in a research note on Thursday, March 28th. Morgan Stanley boosted their price objective on United Parcel Service from $95.00 to $100.00 and gave the stock an “underweight” rating in a research note on Wednesday, March 27th. Susquehanna boosted their price objective on United Parcel Service from $150.00 to $160.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 24th. Finally, Robert W. Baird raised United Parcel Service from a “neutral” rating to an “outperform” rating and boosted their price objective for the stock from $165.00 to $170.00 in a research note on Friday, February 16th. One analyst has rated the stock with a sell rating, fourteen have given a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, United Parcel Service currently has a consensus rating of “Hold” and an average target price of $165.23.

United Parcel Service Trading Up 0.7 %

Shares of UPS traded up $0.96 on Monday, reaching $148.55. 1,335,969 shares of the company’s stock were exchanged, compared to its average volume of 4,292,653. The business has a 50 day moving average price of $149.56 and a two-hundred day moving average price of $150.90. United Parcel Service, Inc. has a 12 month low of $133.68 and a 12 month high of $192.98. The stock has a market capitalization of $126.66 billion, a P/E ratio of 21.59, a price-to-earnings-growth ratio of 1.69 and a beta of 1.05. The company has a current ratio of 1.10, a quick ratio of 1.04 and a debt-to-equity ratio of 1.11.

United Parcel Service (NYSE:UPS) last issued its earnings results on Tuesday, April 23rd. The transportation company reported $1.43 EPS for the quarter, beating the consensus estimate of $1.33 by $0.10. United Parcel Service had a net margin of 6.60% and a return on equity of 37.42%. The company had revenue of $21.70 billion during the quarter, compared to analysts’ expectations of $21.84 billion. During the same quarter in the previous year, the company posted $2.20 EPS. The business’s revenue for the quarter was down 5.3% compared to the same quarter last year. Research analysts anticipate that United Parcel Service, Inc. will post 8.23 earnings per share for the current year.

United Parcel Service Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 8th. Stockholders of record on Tuesday, February 20th were given a dividend of $1.63 per share. This is a positive change from United Parcel Service’s previous quarterly dividend of $1.62. This represents a $6.52 annualized dividend and a dividend yield of 4.39%. The ex-dividend date was Friday, February 16th. United Parcel Service’s payout ratio is presently 94.49%.

Insider Activity at United Parcel Service

In other news, Director Eva C. Boratto bought 1,400 shares of the stock in a transaction on Friday, February 2nd. The stock was purchased at an average price of $142.30 per share, with a total value of $199,220.00. Following the completion of the purchase, the director now owns 1,400 shares of the company’s stock, valued at $199,220. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.13% of the stock is currently owned by corporate insiders.

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.