United Parcel Service, Inc. (NYSE:UPS) Shares Sold by Kestra Private Wealth Services LLC

Kestra Private Wealth Services LLC cut its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 2.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 80,287 shares of the transportation company’s stock after selling 1,806 shares during the period. Kestra Private Wealth Services LLC’s holdings in United Parcel Service were worth $12,624,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Tennessee Valley Asset Management Partners acquired a new position in United Parcel Service in the fourth quarter valued at approximately $26,000. OFI Invest Asset Management acquired a new stake in shares of United Parcel Service during the 3rd quarter worth about $25,000. Life Planning Partners Inc purchased a new stake in United Parcel Service in the 4th quarter valued at about $28,000. Bourgeon Capital Management LLC acquired a new position in United Parcel Service in the fourth quarter valued at about $31,000. Finally, VisionPoint Advisory Group LLC boosted its stake in United Parcel Service by 69.5% during the third quarter. VisionPoint Advisory Group LLC now owns 239 shares of the transportation company’s stock worth $37,000 after buying an additional 98 shares during the period. Hedge funds and other institutional investors own 60.26% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on UPS shares. HSBC raised shares of United Parcel Service from a “hold” rating to a “buy” rating and boosted their price target for the company from $150.00 to $170.00 in a research note on Thursday. UBS Group raised United Parcel Service from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $160.00 to $175.00 in a research note on Tuesday, February 6th. TD Cowen decreased their target price on United Parcel Service from $147.00 to $140.00 and set a “hold” rating on the stock in a research note on Thursday, March 28th. Deutsche Bank Aktiengesellschaft dropped their target price on United Parcel Service from $183.00 to $179.00 and set a “buy” rating for the company in a research report on Thursday, March 28th. Finally, Robert W. Baird raised shares of United Parcel Service from a “neutral” rating to an “outperform” rating and increased their price target for the stock from $165.00 to $170.00 in a research report on Friday, February 16th. One analyst has rated the stock with a sell rating, fourteen have given a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, United Parcel Service currently has a consensus rating of “Hold” and a consensus target price of $165.23.

United Parcel Service Stock Up 0.7 %

NYSE UPS traded up $0.97 during trading on Monday, reaching $148.56. 2,654,688 shares of the company’s stock were exchanged, compared to its average volume of 4,309,604. The company has a 50 day moving average price of $149.56 and a two-hundred day moving average price of $150.85. The stock has a market cap of $126.67 billion, a P/E ratio of 21.53, a price-to-earnings-growth ratio of 1.69 and a beta of 1.05. United Parcel Service, Inc. has a 1 year low of $133.68 and a 1 year high of $192.98. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.04 and a current ratio of 1.10.

United Parcel Service (NYSE:UPS) last posted its earnings results on Tuesday, April 23rd. The transportation company reported $1.43 earnings per share for the quarter, topping the consensus estimate of $1.33 by $0.10. The firm had revenue of $21.70 billion during the quarter, compared to analysts’ expectations of $21.84 billion. United Parcel Service had a return on equity of 37.42% and a net margin of 6.60%. The firm’s revenue was down 5.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.20 earnings per share. On average, equities research analysts anticipate that United Parcel Service, Inc. will post 8.23 EPS for the current fiscal year.

United Parcel Service Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 8th. Investors of record on Tuesday, February 20th were given a $1.63 dividend. This represents a $6.52 dividend on an annualized basis and a dividend yield of 4.39%. This is an increase from United Parcel Service’s previous quarterly dividend of $1.62. The ex-dividend date of this dividend was Friday, February 16th. United Parcel Service’s dividend payout ratio (DPR) is 94.49%.

Insider Buying and Selling

In related news, Director Eva C. Boratto acquired 1,400 shares of the firm’s stock in a transaction on Friday, February 2nd. The stock was bought at an average price of $142.30 per share, for a total transaction of $199,220.00. Following the completion of the purchase, the director now directly owns 1,400 shares of the company’s stock, valued at approximately $199,220. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.13% of the stock is owned by company 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.