Sky Investment Group LLC Has $1.12 Million Stake in United Parcel Service, Inc. $UPS

Sky Investment Group LLC trimmed its holdings in shares of United Parcel Service, Inc. (NYSE:UPSFree Report) by 34.5% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 11,295 shares of the transportation company’s stock after selling 5,949 shares during the quarter. Sky Investment Group LLC’s holdings in United Parcel Service were worth $1,120,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Salzhauer Michael acquired a new stake in United Parcel Service during the 3rd quarter worth $31,000. Physician Wealth Advisors Inc. raised its position in shares of United Parcel Service by 76.5% during the 3rd quarter. Physician Wealth Advisors Inc. now owns 376 shares of the transportation company’s stock valued at $31,000 after acquiring an additional 163 shares during the last quarter. Twin Peaks Wealth Advisors LLC acquired a new position in shares of United Parcel Service in the 2nd quarter valued at $34,000. Avion Wealth lifted its stake in shares of United Parcel Service by 284.1% in the 3rd quarter. Avion Wealth now owns 434 shares of the transportation company’s stock valued at $36,000 after purchasing an additional 321 shares during the period. Finally, Winch Advisory Services LLC boosted its position in shares of United Parcel Service by 37.3% in the 3rd quarter. Winch Advisory Services LLC now owns 456 shares of the transportation company’s stock worth $38,000 after purchasing an additional 124 shares during the last quarter. 60.26% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Oppenheimer lifted their price objective on United Parcel Service from $107.00 to $115.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 28th. BNP Paribas Exane cut United Parcel Service from a “neutral” rating to an “underperform” rating and set a $85.00 target price on the stock. in a report on Tuesday, January 13th. Susquehanna boosted their target price on United Parcel Service from $105.00 to $115.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 20th. Sanford C. Bernstein upped their price target on United Parcel Service from $122.00 to $125.00 and gave the company an “outperform” rating in a research note on Friday, January 9th. Finally, Wolfe Research reiterated a “peer perform” rating on shares of United Parcel Service in a research report on Thursday, January 8th. Two research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, fourteen have issued a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $113.67.

Read Our Latest Stock Analysis on United Parcel Service

Insider Activity

In related news, insider Norman M. Brothers, Jr. sold 25,014 shares of the stock in a transaction that occurred on Wednesday, January 28th. The stock was sold at an average price of $106.15, for a total transaction of $2,655,236.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.13% of the company’s stock.

United Parcel Service Stock Performance

Shares of United Parcel Service stock opened at $94.78 on Friday. The stock’s fifty day simple moving average is $108.17 and its 200 day simple moving average is $98.74. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 1.45. The company has a market capitalization of $80.47 billion, a PE ratio of 14.45, a PEG ratio of 1.49 and a beta of 1.08. United Parcel Service, Inc. has a 12 month low of $82.00 and a 12 month high of $122.41.

United Parcel Service (NYSE:UPSGet Free Report) last posted its earnings results on Tuesday, January 27th. The transportation company reported $2.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.20 by $0.18. United Parcel Service had a return on equity of 38.30% and a net margin of 6.28%.The firm had revenue of $24.48 billion during the quarter, compared to analysts’ expectations of $23.91 billion. During the same period in the previous year, the firm earned $2.75 earnings per share. The company’s revenue was down 3.2% on a year-over-year basis. On average, research analysts predict that United Parcel Service, Inc. will post 7.95 EPS for the current year.

United Parcel Service Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 5th. Investors of record on Tuesday, February 17th were given a $1.64 dividend. The ex-dividend date was Tuesday, February 17th. This represents a $6.56 annualized dividend and a dividend yield of 6.9%. United Parcel Service’s payout ratio is currently 100.00%.

Key United Parcel Service News

Here are the key news stories impacting United Parcel Service this week:

United Parcel Service Profile

(Free Report)

United Parcel Service (NYSE: UPS) is a global package delivery and supply chain management company that provides a broad range of transportation, logistics and e-commerce services. Its core business centers on small-package delivery and last-mile distribution for business and individual customers, supported by a network of ground transportation, air cargo operations (UPS Airlines) and sorting facilities. In addition to parcel delivery, UPS offers freight transportation, contract logistics, warehousing, customs brokerage and reverse-logistics solutions designed to support domestic and international commerce.

The company traces its roots to 1907 when it began as a small messenger service in the United States and later evolved into the United Parcel Service.

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Institutional Ownership by Quarter for United Parcel Service (NYSE:UPS)

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