United Parcel Service, Inc. (NYSE:UPS) Stock Position Decreased by Sterneck Capital Management LLC

Sterneck Capital Management LLC decreased its position in United Parcel Service, Inc. (NYSE:UPS) by 3.5% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 12,834 shares of the transportation company’s stock after selling 470 shares during the quarter. United Parcel Service accounts for about 0.9% of Sterneck Capital Management LLC’s investment portfolio, making the stock its 29th biggest holding. Sterneck Capital Management LLC’s holdings in United Parcel Service were worth $1,618,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. True Wealth Design LLC lifted its stake in United Parcel Service by 397.7% in the third quarter. True Wealth Design LLC now owns 214 shares of the transportation company’s stock valued at $29,000 after acquiring an additional 171 shares during the last quarter. PSI Advisors LLC increased its stake in shares of United Parcel Service by 408.2% during the 3rd quarter. PSI Advisors LLC now owns 249 shares of the transportation company’s stock worth $34,000 after purchasing an additional 200 shares during the last quarter. Princeton Global Asset Management LLC raised its holdings in shares of United Parcel Service by 720.0% during the 3rd quarter. Princeton Global Asset Management LLC now owns 246 shares of the transportation company’s stock valued at $34,000 after purchasing an additional 216 shares in the last quarter. FSA Wealth Management LLC acquired a new stake in shares of United Parcel Service in the 3rd quarter valued at $36,000. Finally, Meeder Asset Management Inc. boosted its holdings in United Parcel Service by 271.7% in the second quarter. Meeder Asset Management Inc. now owns 394 shares of the transportation company’s stock worth $54,000 after purchasing an additional 288 shares in the last quarter. Institutional investors own 60.26% of the company’s stock.

United Parcel Service Trading Up 0.6 %

Shares of UPS opened at $124.90 on Wednesday. The stock’s 50-day moving average price is $130.04 and its 200 day moving average price is $131.40. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.20. The firm has a market capitalization of $106.59 billion, a price-to-earnings ratio of 18.87, a P/E/G ratio of 2.11 and a beta of 1.00. United Parcel Service, Inc. has a 12-month low of $122.01 and a 12-month high of $161.48.

United Parcel Service (NYSE:UPS) last released its quarterly earnings data on Thursday, October 24th. The transportation company reported $1.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.63 by $0.13. The business had revenue of $22.20 billion for 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%. United Parcel Service’s quarterly revenue was up 5.4% on a year-over-year basis. During the same period in the previous year, the business posted $1.57 earnings per share. As a group, research analysts predict that United Parcel Service, Inc. will post 7.48 earnings per share for the current year.

United Parcel Service Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 5th. Stockholders of record on Monday, November 18th were given a dividend of $1.63 per share. The ex-dividend date was Monday, November 18th. This represents a $6.52 annualized dividend and a dividend yield of 5.22%. United Parcel Service’s dividend payout ratio (DPR) is currently 98.49%.

Insider Activity

In related news, insider Norman M. Brothers, Jr. sold 7,325 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $138.57, for a total transaction of $1,015,025.25. Following the completion of the transaction, the insider now owns 45,098 shares in the company, valued at $6,249,229.86. This trade represents a 13.97 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.13% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms have weighed in on UPS. JPMorgan Chase & Co. raised their target price on United Parcel Service from $134.00 to $135.00 and gave the company a “neutral” rating in a report on Tuesday. The Goldman Sachs Group cut their price objective on United Parcel Service from $165.00 to $162.00 and set a “buy” rating on the stock in a research note on Wednesday, October 9th. Barclays reaffirmed an “underweight” rating and set a $120.00 target price on shares of United Parcel Service in a research report on Monday, October 21st. Evercore ISI lifted their price target on shares of United Parcel Service from $138.00 to $141.00 and gave the company an “in-line” rating in a research report on Tuesday, October 22nd. Finally, StockNews.com upgraded shares of United Parcel Service from a “hold” rating to a “buy” rating in a research note on Wednesday, November 6th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, thirteen have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $151.30.

About United Parcel Service

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.