Alpha Omega Wealth Management LLC Sells 98 Shares of United Parcel Service, Inc. (NYSE:UPS)

Alpha Omega Wealth Management LLC trimmed its holdings in United Parcel Service, Inc. (NYSE:UPS) by 1.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,865 shares of the transportation company’s stock after selling 98 shares during the quarter. Alpha Omega Wealth Management LLC’s holdings in United Parcel Service were worth $866,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Principal Financial Group Inc. grew its position in United Parcel Service by 4.3% in 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 during the last quarter. Synovus Financial Corp lifted its stake in shares of United Parcel Service by 8.6% in the third quarter. Synovus Financial Corp now owns 87,531 shares of the transportation company’s stock valued at $11,934,000 after buying an additional 6,941 shares during the period. Van ECK Associates Corp grew its position in United Parcel Service by 1,061.1% during the third quarter. Van ECK Associates Corp now owns 1,772,765 shares of the transportation company’s stock worth $232,959,000 after buying an additional 1,620,091 shares in the last quarter. HF Advisory Group LLC bought a new position in United Parcel Service during the fourth quarter valued at about $1,305,000. Finally, Cohen Investment Advisors LLC raised its holdings in 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 valued at $2,503,000 after acquiring an additional 3,835 shares in the last quarter. Institutional investors and hedge funds own 60.26% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. UBS Group lowered their price objective on United Parcel Service from $170.00 to $141.00 and set a “buy” rating on the stock in a research report on Friday. Stifel Nicolaus dropped their price objective on shares of United Parcel Service from $156.00 to $153.00 and set a “buy” rating for the company in a research note on Thursday, January 23rd. Susquehanna decreased their target price on shares of United Parcel Service from $140.00 to $130.00 and set a “neutral” rating on the stock in a research report on Friday. JPMorgan Chase & Co. dropped their price target on shares of United Parcel Service from $135.00 to $120.00 and set a “neutral” rating for the company in a research report on Friday. Finally, The Goldman Sachs Group decreased their price objective on United Parcel Service from $166.00 to $147.00 and set a “buy” rating on the stock in a report on Friday. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $141.95.

Insider Transactions at United Parcel Service

In related news, insider Norman M. Brothers, Jr. sold 7,325 shares of United Parcel Service stock in a transaction 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 sale, the insider now directly owns 45,098 shares of the company’s stock, valued at $6,249,229.86. The trade was a 13.97 % decrease in their ownership of the stock. The sale 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 corporate insiders.

United Parcel Service Stock Performance

Shares of United Parcel Service stock opened at $114.19 on Friday. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.14 and a quick ratio of 1.14. The firm has a 50 day simple moving average of $128.31 and a 200 day simple moving average of $130.40. United Parcel Service, Inc. has a fifty-two week low of $109.62 and a fifty-two week high of $158.95. The firm has a market cap of $97.45 billion, a P/E ratio of 17.25, a P/E/G ratio of 1.88 and a beta of 1.00.

United Parcel Service (NYSE:UPS) last released its earnings results on Thursday, January 30th. The transportation company reported $2.75 earnings per share for the quarter, topping analysts’ consensus estimates of $2.52 by $0.23. United Parcel Service had a return on equity of 37.38% and a net margin of 6.25%. During the same quarter in the prior year, the company earned $2.47 earnings per share. Sell-side analysts predict that United Parcel Service, Inc. will post 7.5 earnings per share for the current fiscal year.

United Parcel Service Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 5th. Stockholders of record on Monday, November 18th were paid a $1.63 dividend. This represents a $6.52 annualized dividend and a dividend yield of 5.71%. The ex-dividend date was Monday, November 18th. United Parcel Service’s dividend payout ratio (DPR) is presently 98.49%.

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.