Ingalls & Snyder LLC Sells 1,074 Shares of United Parcel Service, Inc. (NYSE:UPS)

Ingalls & Snyder LLC trimmed its stake in United Parcel Service, Inc. (NYSE:UPS) by 18.1% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 4,871 shares of the transportation company’s stock after selling 1,074 shares during the period. Ingalls & Snyder LLC’s holdings in United Parcel Service were worth $614,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the stock. State Street Corp raised its stake in shares of United Parcel Service by 2.1% in the 3rd quarter. State Street Corp now owns 29,597,425 shares of the transportation company’s stock valued at $4,035,313,000 after acquiring an additional 613,409 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of United Parcel Service by 6.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 21,927,607 shares of the transportation company’s stock valued at $2,989,609,000 after acquiring an additional 1,320,921 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of United Parcel Service by 2.5% in the 3rd quarter. Geode Capital Management LLC now owns 15,289,624 shares of the transportation company’s stock valued at $2,080,170,000 after acquiring an additional 373,202 shares in the last quarter. International Assets Investment Management LLC raised its stake in shares of United Parcel Service by 15,779.6% in the 3rd quarter. International Assets Investment Management LLC now owns 14,631,461 shares of the transportation company’s stock valued at $1,994,853,000 after acquiring an additional 14,539,321 shares in the last quarter. Finally, FMR LLC raised its stake in shares of United Parcel Service by 3.7% in the 3rd quarter. FMR LLC now owns 10,627,550 shares of the transportation company’s stock valued at $1,448,960,000 after acquiring an additional 380,229 shares in the last quarter. 60.26% of the stock is owned by institutional investors.

United Parcel Service Price Performance

Shares of UPS stock opened at $115.74 on Friday. The stock’s fifty day simple moving average is $124.96 and its 200 day simple moving average is $128.96. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.17 and a quick ratio of 1.14. The firm has a market cap of $98.77 billion, a price-to-earnings ratio of 17.12, a P/E/G ratio of 1.50 and a beta of 0.98. United Parcel Service, Inc. has a one year low of $109.40 and a one year high of $158.95.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings results on Thursday, January 30th. The transportation company reported $2.75 EPS for the quarter, beating the consensus estimate of $2.52 by $0.23. United Parcel Service had a return on equity of 39.13% and a net margin of 6.35%. During the same period last year, the business posted $2.47 EPS. On average, analysts expect that United Parcel Service, Inc. will post 7.99 earnings per share for the current fiscal year.

United Parcel Service Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 6th. Investors of record on Tuesday, February 18th will be paid a $1.64 dividend. This is a positive change from United Parcel Service’s previous quarterly dividend of $1.63. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $6.56 annualized dividend and a yield of 5.67%. United Parcel Service’s payout ratio is currently 96.45%.

Wall Street Analyst Weigh In

Several brokerages have commented on UPS. Argus raised United Parcel Service from a “hold” rating to a “buy” rating in a research report on Tuesday, November 5th. Loop Capital dropped their price target on United Parcel Service from $120.00 to $115.00 and set a “hold” rating on the stock in a research report on Monday, February 3rd. StockNews.com raised United Parcel Service from a “hold” rating to a “buy” rating in a research report on Wednesday, November 6th. Baird R W downgraded United Parcel Service from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 31st. Finally, Citigroup dropped their price target on United Parcel Service from $158.00 to $149.00 and set a “buy” rating on the stock in a research report on Friday, January 31st. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, United Parcel Service presently has an average rating of “Moderate Buy” and an average price target of $140.73.

Insider Activity at United Parcel Service

In other news, insider Norman M. Brothers, Jr. sold 7,325 shares of the stock in a transaction 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 sale, the insider now owns 45,098 shares in the company, valued at approximately $6,249,229.86. This represents a 13.97 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 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.