Sugarloaf Wealth Management LLC Has $387,000 Stock Holdings in United Parcel Service, Inc. (NYSE:UPS)

Sugarloaf Wealth Management LLC increased its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 150.1% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,071 shares of the transportation company’s stock after acquiring an additional 1,843 shares during the period. Sugarloaf Wealth Management LLC’s holdings in United Parcel Service were worth $387,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the business. True Wealth Design LLC boosted its holdings in United Parcel Service by 397.7% during 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 in the last quarter. Princeton Global Asset Management LLC grew its position in United Parcel Service by 720.0% in the third quarter. Princeton Global Asset Management LLC now owns 246 shares of the transportation company’s stock valued at $34,000 after acquiring an additional 216 shares during the period. PSI Advisors LLC raised its stake in United Parcel Service by 408.2% during the third quarter. PSI Advisors LLC now owns 249 shares of the transportation company’s stock worth $34,000 after acquiring an additional 200 shares in the last quarter. FSA Wealth Management LLC bought a new position in shares of United Parcel Service during the third quarter valued at $36,000. Finally, Capital Performance Advisors LLP bought a new stake in shares of United Parcel Service in the 3rd quarter worth about $54,000. 60.26% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on UPS shares. Stifel Nicolaus lifted their price target on shares of United Parcel Service from $151.00 to $156.00 and gave the company a “buy” rating in a report on Friday, October 25th. Oppenheimer boosted their target price on United Parcel Service from $140.00 to $146.00 and gave the stock an “outperform” rating in a report on Monday, October 28th. Wolfe Research raised United Parcel Service from a “peer perform” rating to an “outperform” rating and set a $147.00 price target for the company in a report on Wednesday. Evercore ISI increased their target price on United Parcel Service from $138.00 to $141.00 and gave the stock an “in-line” rating in a report on Tuesday, October 22nd. Finally, UBS Group lifted their price target on United Parcel Service from $159.00 to $170.00 and gave the company a “buy” rating in a report on Friday, October 25th. Two analysts have rated the stock with a sell rating, six have issued a hold rating, fourteen have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $151.10.

Insiders Place Their Bets

In other United Parcel Service news, insider Norman M. Brothers, Jr. sold 7,325 shares of United Parcel Service stock in a transaction that occurred 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 transaction, the insider now owns 45,098 shares of the company’s stock, valued at approximately $6,249,229.86. The trade was a 13.97 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.13% of the company’s stock.

United Parcel Service Trading Down 2.3 %

UPS traded down $2.95 during midday trading on Friday, reaching $123.81. 3,369,466 shares of the company were exchanged, compared to its average volume of 3,847,554. The stock has a market capitalization of $105.66 billion, a P/E ratio of 18.70, a PEG ratio of 2.11 and a beta of 1.00. United Parcel Service, Inc. has a one year low of $122.01 and a one year high of $161.47. The stock’s 50-day simple moving average is $129.75 and its 200 day simple moving average is $131.33. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.14 and a current ratio of 1.14.

United Parcel Service (NYSE:UPS) last released its quarterly earnings data on Thursday, October 24th. The transportation company reported $1.76 earnings per share for the quarter, topping the consensus estimate of $1.63 by $0.13. The business had revenue of $22.20 billion for the quarter, compared to analyst estimates of $22.10 billion. United Parcel Service had a net margin of 6.25% and a return on equity of 37.38%. United Parcel Service’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same quarter last year, the firm earned $1.57 EPS. As a group, analysts forecast that United Parcel Service, Inc. will post 7.48 earnings per share for the current fiscal year.

United Parcel Service Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 5th. Investors of record on Monday, November 18th were paid a dividend of $1.63 per share. This represents a $6.52 annualized dividend and a yield of 5.27%. The ex-dividend date was Monday, November 18th. United Parcel Service’s payout ratio is presently 98.49%.

United Parcel Service 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.