Cohen Klingenstein LLC Sells 129 Shares of United Parcel Service, Inc. (NYSE:UPS)

Cohen Klingenstein LLC lessened its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 0.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 29,049 shares of the transportation company’s stock after selling 129 shares during the quarter. Cohen Klingenstein LLC’s holdings in United Parcel Service were worth $3,663,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. IFS Advisors LLC lifted its position in shares of United Parcel Service by 232.3% in the 4th quarter. IFS Advisors LLC now owns 216 shares of the transportation company’s stock worth $27,000 after purchasing an additional 151 shares during the period. True Wealth Design LLC boosted its position in United Parcel Service by 397.7% during the 3rd quarter. True Wealth Design LLC now owns 214 shares of the transportation company’s stock valued at $29,000 after acquiring an additional 171 shares in the last quarter. PSI Advisors LLC grew its holdings in shares of United Parcel Service by 408.2% during the 3rd quarter. PSI Advisors LLC now owns 249 shares of the transportation company’s stock worth $34,000 after acquiring an additional 200 shares during the period. Princeton Global Asset Management LLC raised its position in shares of United Parcel Service by 720.0% in the 3rd quarter. Princeton Global Asset Management LLC now owns 246 shares of the transportation company’s stock worth $34,000 after acquiring an additional 216 shares in the last quarter. Finally, FSA Wealth Management LLC purchased a new position in shares of United Parcel Service in the 3rd quarter valued at approximately $36,000. Hedge funds and other institutional investors own 60.26% of the company’s stock.

United Parcel Service Stock Down 0.1 %

Shares of UPS stock opened at $129.77 on Friday. The company has a 50 day simple moving average of $129.01 and a two-hundred day simple moving average of $130.97. The stock has a market cap of $110.74 billion, a P/E ratio of 19.60, a P/E/G ratio of 1.73 and a beta of 1.00. United Parcel Service, Inc. has a 12 month low of $121.56 and a 12 month high of $161.35. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.20.

United Parcel Service (NYSE:UPS) last released its earnings results on Thursday, October 24th. The transportation company reported $1.76 earnings per share for the quarter, beating the consensus estimate of $1.63 by $0.13. The company had revenue of $22.20 billion for the quarter, compared to the consensus estimate of $22.10 billion. United Parcel Service had a return on equity of 37.38% and a net margin of 6.25%. United Parcel Service’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same period in the previous year, the business earned $1.57 earnings per share. On average, research analysts expect that United Parcel Service, Inc. will post 7.49 earnings per share for the current year.

United Parcel Service Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, December 5th. Investors of record on Monday, November 18th were issued a $1.63 dividend. This represents a $6.52 annualized dividend and a yield of 5.02%. The ex-dividend date was Monday, November 18th. United Parcel Service’s dividend payout ratio is 98.49%.

Insider Buying and Selling at United Parcel Service

In other United Parcel Service 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 value of $1,015,025.25. Following the completion of 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 position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.13% of the company’s stock.

Analyst Upgrades and Downgrades

UPS has been the topic of several recent research reports. Oppenheimer upped their price target on United Parcel Service from $140.00 to $146.00 and gave the stock an “outperform” rating in a research note on Monday, October 28th. Barclays reiterated an “underweight” rating and set a $120.00 target price on shares of United Parcel Service in a report on Monday, October 21st. Susquehanna upped their price target on United Parcel Service from $135.00 to $140.00 and gave the stock a “neutral” rating in a research note on Friday, October 25th. Stifel Nicolaus lifted their price objective on United Parcel Service from $151.00 to $156.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Finally, UBS Group increased their target price on United Parcel Service from $159.00 to $170.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating, fifteen have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $151.10.

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.