Benin Management CORP Sells 277 Shares of United Parcel Service, Inc. (NYSE:UPS)

Benin Management CORP lessened its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 1.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 28,313 shares of the transportation company’s stock after selling 277 shares during the period. United Parcel Service accounts for 1.0% of Benin Management CORP’s investment portfolio, making the stock its 17th largest position. Benin Management CORP’s holdings in United Parcel Service were worth $3,570,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. IFS Advisors LLC lifted its holdings in United Parcel Service by 232.3% during the fourth quarter. IFS Advisors LLC now owns 216 shares of the transportation company’s stock valued at $27,000 after purchasing an additional 151 shares during the last quarter. True Wealth Design LLC raised its position in shares of 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 purchasing an additional 171 shares during the period. PSI Advisors LLC lifted 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 valued at $34,000 after buying an additional 200 shares in the last quarter. Princeton Global Asset Management LLC boosted its holdings in United Parcel Service by 720.0% in the 3rd quarter. Princeton Global Asset Management LLC now owns 246 shares of the transportation company’s stock worth $34,000 after buying an additional 216 shares during the period. Finally, FSA Wealth Management LLC purchased a new position in United Parcel Service in the 3rd quarter valued at approximately $36,000. Institutional investors own 60.26% of the company’s stock.

United Parcel Service Stock Performance

United Parcel Service stock opened at $132.98 on Friday. The firm has a fifty day simple moving average of $128.97 and a two-hundred day simple moving average of $130.84. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.20. United Parcel Service, Inc. has a twelve month low of $121.56 and a twelve month high of $161.35. The company has a market capitalization of $113.48 billion, a PE ratio of 20.09, a P/E/G ratio of 1.86 and a beta of 1.00.

United Parcel Service (NYSE:UPS) last issued its earnings results on Thursday, October 24th. The transportation company reported $1.76 earnings per share for the quarter, beating the consensus estimate of $1.63 by $0.13. The company had revenue of $22.20 billion during 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% compared to the same quarter last year. During the same period in the prior year, the business posted $1.57 EPS. Research analysts expect that United Parcel Service, Inc. will post 7.49 EPS for the current year.

United Parcel Service Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, December 5th. Stockholders of record on Monday, November 18th were issued a $1.63 dividend. This represents a $6.52 annualized dividend and a dividend yield of 4.90%. The ex-dividend date was Monday, November 18th. United Parcel Service’s dividend payout ratio is 98.49%.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. Bank of America upgraded United Parcel Service from a “neutral” rating to a “buy” rating and set a $150.00 target price on the stock in a research report on Thursday, January 16th. Oppenheimer raised their target price on United Parcel Service from $140.00 to $146.00 and gave the stock an “outperform” rating in a research note on Monday, October 28th. Citigroup decreased their price target on United Parcel Service from $163.00 to $158.00 and set a “buy” rating on the stock in a research report on Tuesday, November 12th. Stifel Nicolaus cut their price objective on shares of United Parcel Service from $156.00 to $153.00 and set a “buy” rating for the company in a research report on Thursday. Finally, Argus upgraded shares of United Parcel Service from a “hold” rating to a “buy” rating in a research note on Tuesday, November 5th. 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’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $151.24.

Insider Buying and Selling

In other United Parcel Service news, insider Norman M. Brothers, Jr. sold 7,325 shares of the firm’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 sale, the insider now owns 45,098 shares of the company’s stock, valued at $6,249,229.86. This trade represents a 13.97 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.13% of the stock is owned by insiders.

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.