Abner Herrman & Brock LLC trimmed its holdings in United Parcel Service, Inc. (NYSE:UPS - Free Report) by 83.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 10,761 shares of the transportation company's stock after selling 55,012 shares during the period. Abner Herrman & Brock LLC's holdings in United Parcel Service were worth $1,357,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds have also recently made changes to their positions in UPS. Principal Financial Group Inc. increased its holdings in United Parcel Service by 4.3% during the 3rd quarter. Principal Financial Group Inc. now owns 829,280 shares of the transportation company's stock worth $113,064,000 after purchasing an additional 33,989 shares in the last quarter. Synovus Financial Corp grew its holdings in United Parcel Service by 8.6% during the third quarter. Synovus Financial Corp now owns 87,531 shares of the transportation company's stock worth $11,934,000 after buying an additional 6,941 shares in the last quarter. Van ECK Associates Corp raised its position in United Parcel Service by 1,061.1% in the 3rd quarter. Van ECK Associates Corp now owns 1,772,765 shares of the transportation company's stock valued at $232,959,000 after buying an additional 1,620,091 shares during the last quarter. HF Advisory Group LLC purchased a new position in United Parcel Service during the 4th quarter worth $1,305,000. Finally, Cohen Investment Advisors LLC grew its stake in shares of United Parcel Service by 26.4% in the 3rd quarter. Cohen Investment Advisors LLC now owns 18,357 shares of the transportation company's stock worth $2,503,000 after acquiring an additional 3,835 shares in the last quarter. 60.26% of the stock is currently owned by institutional investors and hedge funds.
United Parcel Service Trading Up 1.4 %
United Parcel Service stock traded up $1.57 during mid-day trading on Thursday, hitting $113.47. The company's stock had a trading volume of 6,304,333 shares, compared to its average volume of 7,136,163. The business has a 50 day moving average price of $126.84 and a 200-day moving average price of $129.57. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.17 and a quick ratio of 1.14. United Parcel Service, Inc. has a 12 month low of $109.40 and a 12 month high of $158.95. The stock has a market cap of $96.83 billion, a price-to-earnings ratio of 16.79, a price-to-earnings-growth ratio of 1.63 and a beta of 0.98.
United Parcel Service (NYSE:UPS - Get Free Report) last issued its earnings results on Thursday, January 30th. The transportation company reported $2.75 earnings per share 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 quarter in the previous year, the firm posted $2.47 earnings per share. As a group, analysts forecast that United Parcel Service, Inc. will post 8.61 EPS for the current year.
United Parcel Service Increases Dividend
The company also recently announced 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 represents a $6.56 annualized dividend and a dividend yield of 5.78%. This is an increase from United Parcel Service's previous quarterly dividend of $1.63. The ex-dividend date of this dividend is Tuesday, February 18th. United Parcel Service's payout ratio is presently 96.45%.
Analysts Set New Price Targets
A number of research analysts recently weighed in on the stock. Wells Fargo & Company dropped their price target on shares of United Parcel Service from $150.00 to $128.00 and set an "overweight" rating on the stock in a research report on Friday, January 31st. JPMorgan Chase & Co. lowered their target price on United Parcel Service from $135.00 to $120.00 and set a "neutral" rating on the stock in a research note on Friday, January 31st. Oppenheimer increased their target price on shares of United Parcel Service from $140.00 to $146.00 and gave the company an "outperform" rating in a research report on Monday, October 28th. Wolfe Research upgraded United Parcel Service from a "peer perform" rating to an "outperform" rating and set a $147.00 price objective on the stock in a research note on Wednesday, January 8th. Finally, BMO Capital Markets raised United Parcel Service from a "market perform" rating to an "outperform" rating and dropped their price objective for the stock from $155.00 to $150.00 in a report on Tuesday, December 10th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $140.73.
Read Our Latest Stock Analysis on United Parcel Service
Insider Activity at United Parcel Service
In other United Parcel Service news, insider Norman M. Brothers, Jr. sold 7,325 shares of the company'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 of the company's stock, valued at $6,249,229.86. This represents a 13.97 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.13% of the stock is currently owned by company insiders.
United Parcel Service Profile
(
Free Report)
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.
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