United Parcel Service, Inc. (NYSE:UPS) Shares Sold by Legacy Wealth Asset Management LLC

Legacy Wealth Asset Management LLC reduced its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 5.5% in the 4th quarter, Holdings Channel.com reports. The fund owned 3,585 shares of the transportation company’s stock after selling 209 shares during the quarter. Legacy Wealth Asset Management LLC’s holdings in United Parcel Service were worth $452,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Beech Hill Advisors Inc. increased its holdings in shares of United Parcel Service by 9.1% in the 4th quarter. Beech Hill Advisors Inc. now owns 20,736 shares of the transportation company’s stock valued at $2,615,000 after acquiring an additional 1,738 shares during the last quarter. IFS Advisors LLC lifted its position in shares of United Parcel Service by 232.3% in the 4th quarter. IFS Advisors LLC now owns 216 shares of the transportation company’s stock worth $27,000 after buying an additional 151 shares during the last quarter. Hennion & Walsh Asset Management Inc. boosted its holdings in shares of United Parcel Service by 68.1% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 12,937 shares of the transportation company’s stock valued at $1,631,000 after buying an additional 5,241 shares during the period. Financial Enhancement Group LLC bought a new stake in shares of United Parcel Service during the 4th quarter valued at about $212,000. Finally, Winch Advisory Services LLC raised its stake in United Parcel Service by 98.8% during the fourth quarter. Winch Advisory Services LLC now owns 322 shares of the transportation company’s stock worth $41,000 after acquiring an additional 160 shares during the period. Institutional investors own 60.26% of the company’s stock.

United Parcel Service Stock Performance

United Parcel Service stock opened at $129.77 on Friday. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.14 and a quick ratio of 1.14. The company has a market cap of $110.74 billion, a P/E ratio of 19.60, a price-to-earnings-growth ratio of 1.73 and a beta of 1.00. United Parcel Service, Inc. has a fifty-two week low of $121.56 and a fifty-two week high of $161.35. The firm’s 50 day simple moving average is $129.01 and its 200-day simple moving average is $130.97.

United Parcel Service (NYSE:UPS) last announced its earnings results on Thursday, October 24th. The transportation company reported $1.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.63 by $0.13. The company had revenue of $22.20 billion for the quarter, compared to the consensus estimate of $22.10 billion. United Parcel Service had a net margin of 6.25% and a return on equity of 37.38%. The company’s revenue was up 5.4% on a year-over-year basis. During the same period in the previous year, the business earned $1.57 EPS. As a group, equities research analysts predict that United Parcel Service, Inc. will post 7.49 EPS for the current year.

United Parcel Service Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 5th. Shareholders of record on Monday, November 18th were paid a dividend of $1.63 per share. The ex-dividend date was Monday, November 18th. This represents a $6.52 annualized dividend and a yield of 5.02%. United Parcel Service’s dividend payout ratio (DPR) is presently 98.49%.

Insider Transactions at United Parcel Service

In other news, insider Norman M. Brothers, Jr. sold 7,325 shares of the company’s stock in a transaction on 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 transaction, the insider now directly owns 45,098 shares of the company’s stock, valued at approximately $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 SEC, which can be accessed through this link. 0.13% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Bank of America raised United Parcel Service from a “neutral” rating to a “buy” rating and set a $150.00 price target on the stock in a report on Thursday. JPMorgan Chase & Co. increased their price objective on shares of United Parcel Service from $134.00 to $135.00 and gave the stock a “neutral” rating in a report on Tuesday, January 7th. Argus raised shares of United Parcel Service from a “hold” rating to a “buy” rating in a research note on Tuesday, November 5th. Citigroup dropped 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. Finally, Susquehanna increased their price objective on United Parcel Service from $135.00 to $140.00 and gave the stock a “neutral” rating in a report on Friday, October 25th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating, fifteen have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $151.10.

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.