St. Johns Investment Management Company LLC Sells 465 Shares of United Parcel Service, Inc. (NYSE:UPS)

St. Johns Investment Management Company LLC decreased its stake in United Parcel Service, Inc. (NYSE:UPS) by 11.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,674 shares of the transportation company’s stock after selling 465 shares during the quarter. St. Johns Investment Management Company LLC’s holdings in United Parcel Service were worth $463,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the stock. Sound Income Strategies LLC boosted its stake in shares of United Parcel Service by 5,576.9% in the 4th quarter. Sound Income Strategies LLC now owns 105,817 shares of the transportation company’s stock valued at $13,343,000 after purchasing an additional 103,953 shares in the last quarter. LexAurum Advisors LLC lifted its holdings in United Parcel Service by 21.5% during the 4th quarter. LexAurum Advisors LLC now owns 2,747 shares of the transportation company’s stock valued at $346,000 after purchasing an additional 487 shares during the last quarter. RFG Advisory LLC boosted its position in United Parcel Service by 1.2% in the fourth quarter. RFG Advisory LLC now owns 12,889 shares of the transportation company’s stock valued at $1,625,000 after buying an additional 158 shares in the last quarter. Financial Partners Group LLC boosted its position in United Parcel Service by 18.2% in the fourth quarter. Financial Partners Group LLC now owns 34,428 shares of the transportation company’s stock valued at $4,341,000 after buying an additional 5,297 shares in the last quarter. Finally, Cornerstone Wealth Management LLC grew its stake in United Parcel Service by 9.3% during the fourth quarter. Cornerstone Wealth Management LLC now owns 10,016 shares of the transportation company’s stock worth $1,263,000 after buying an additional 852 shares during the last quarter. 60.26% of the stock is currently owned by institutional investors.

United Parcel Service Stock Performance

Shares of UPS stock opened at $133.61 on Friday. The stock has a 50-day moving average of $128.95 and a 200-day moving average of $130.82. United Parcel Service, Inc. has a one year low of $121.56 and a one year high of $161.35. The stock has a market cap of $114.01 billion, a PE ratio of 20.18, a price-to-earnings-growth ratio of 1.86 and a beta of 1.00. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.14 and a quick ratio of 1.14.

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

United Parcel Service Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 5th. Investors of record on Monday, November 18th were paid a dividend of $1.63 per share. This represents a $6.52 annualized dividend and a yield of 4.88%. The ex-dividend date was Monday, November 18th. United Parcel Service’s payout ratio is presently 98.49%.

Insiders Place Their Bets

In other United Parcel Service 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 shares were sold at an average price of $138.57, for a total transaction of $1,015,025.25. Following the sale, the insider now directly owns 45,098 shares in the company, valued at approximately $6,249,229.86. This trade represents a 13.97 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.13% of the company’s stock.

Analysts Set New Price Targets

UPS has been the topic of several recent analyst reports. BMO Capital Markets raised United Parcel Service from a “market perform” rating to an “outperform” rating and reduced their target price for the stock from $155.00 to $150.00 in a report on Tuesday, December 10th. Barclays restated an “underweight” rating and set a $120.00 target price on shares of United Parcel Service in a report on Monday, October 21st. Oppenheimer lifted their price target on United Parcel Service from $140.00 to $146.00 and gave the company an “outperform” rating in a report on Monday, October 28th. Wells Fargo & Company decreased their price objective on shares of United Parcel Service from $155.00 to $150.00 and set an “overweight” rating on the stock in a report on Tuesday, January 7th. Finally, Bank of America raised shares of United Parcel Service from a “neutral” rating to a “buy” rating and set a $150.00 target price for the company in a research note on Thursday, January 16th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating, fifteen have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, United Parcel Service has a consensus rating of “Moderate Buy” and a consensus target price of $151.24.

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.