Next Level Private LLC Sells 808 Shares of United Parcel Service, Inc. (NYSE:UPS)

Next Level Private LLC trimmed its stake in United Parcel Service, Inc. (NYSE:UPS) by 23.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,680 shares of the transportation company’s stock after selling 808 shares during the period. Next Level Private LLC’s holdings in United Parcel Service were worth $421,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. Norges Bank bought a new stake in shares of United Parcel Service during the 4th quarter worth approximately $1,255,623,000. Moneta Group Investment Advisors LLC lifted its stake in shares of United Parcel Service by 105,818.6% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 4,215,560 shares of the transportation company’s stock worth $732,833,000 after acquiring an additional 4,211,580 shares during the last quarter. Wellington Management Group LLP lifted its stake in shares of United Parcel Service by 31.7% during the 3rd quarter. Wellington Management Group LLP now owns 9,677,202 shares of the transportation company’s stock worth $1,508,385,000 after acquiring an additional 2,331,875 shares during the last quarter. Morgan Stanley lifted its stake in shares of United Parcel Service by 33.7% during the 4th quarter. Morgan Stanley now owns 7,730,090 shares of the transportation company’s stock worth $1,343,799,000 after acquiring an additional 1,949,775 shares during the last quarter. Finally, Providence Capital Advisors LLC lifted its stake in shares of United Parcel Service by 19,991.7% during the 1st quarter. Providence Capital Advisors LLC now owns 1,905,500 shares of the transportation company’s stock worth $9,822,000 after acquiring an additional 1,896,016 shares during the last quarter. 60.26% of the stock is owned by institutional investors.

United Parcel Service Stock Performance

Shares of UPS opened at $147.36 on Thursday. The stock has a 50-day moving average of $150.79 and a two-hundred day moving average of $152.28. United Parcel Service, Inc. has a one year low of $133.68 and a one year high of $197.80. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.10 and a current ratio of 1.10. The stock has a market cap of $125.65 billion, a P/E ratio of 18.91, a P/E/G ratio of 1.64 and a beta of 1.05.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings data on Tuesday, January 30th. The transportation company reported $2.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.46 by $0.01. The business had revenue of $24.92 billion during the quarter, compared to analysts’ expectations of $25.40 billion. United Parcel Service had a return on equity of 39.46% and a net margin of 7.37%. The company’s revenue for the quarter was down 7.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.62 EPS. As a group, research analysts predict that United Parcel Service, Inc. will post 8.29 EPS for the current year.

United Parcel Service Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 8th. Stockholders of record on Tuesday, February 20th were issued a $1.63 dividend. This represents a $6.52 annualized dividend and a dividend yield of 4.42%. The ex-dividend date of this dividend was Friday, February 16th. This is a boost from United Parcel Service’s previous quarterly dividend of $1.62. United Parcel Service’s payout ratio is 83.70%.

Insider Activity

In related news, Director Eva C. Boratto acquired 1,400 shares of the firm’s stock in a transaction dated Friday, February 2nd. The stock was acquired at an average price of $142.30 per share, with a total value of $199,220.00. Following the acquisition, the director now directly owns 1,400 shares in the company, valued at approximately $199,220. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.13% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on UPS shares. Raymond James reduced their price objective on United Parcel Service from $185.00 to $175.00 and set a “strong-buy” rating on the stock in a report on Wednesday, January 31st. Robert W. Baird upgraded United Parcel Service from a “neutral” rating to an “outperform” rating and raised their price objective for the stock from $165.00 to $170.00 in a report on Friday, February 16th. Daiwa Capital Markets downgraded United Parcel Service from an “outperform” rating to a “neutral” rating and set a $155.00 price objective on the stock. in a report on Tuesday, December 26th. Barclays reduced their price objective on United Parcel Service from $150.00 to $145.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 31st. Finally, Argus downgraded United Parcel Service from a “buy” rating to a “hold” rating in a report on Wednesday, January 31st. One research analyst has rated the stock with a sell rating, sixteen have issued a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $166.48.

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.