Silverlake Wealth Management LLC Sells 166 Shares of United Parcel Service, Inc. (NYSE:UPS)

Silverlake Wealth Management LLC reduced its holdings in United Parcel Service, Inc. (NYSE:UPS) by 5.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,656 shares of the transportation company’s stock after selling 166 shares during the quarter. Silverlake Wealth Management LLC’s holdings in United Parcel Service were worth $335,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the stock. True Wealth Design LLC grew its holdings in shares of United Parcel Service by 397.7% during the 3rd quarter. True Wealth Design LLC now owns 214 shares of the transportation company’s stock worth $29,000 after acquiring an additional 171 shares during the period. IFS Advisors LLC increased its holdings in 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 buying an additional 151 shares in the last quarter. Princeton Global Asset Management LLC raised its stake in United Parcel Service by 720.0% during the 3rd quarter. Princeton Global Asset Management LLC now owns 246 shares of the transportation company’s stock valued at $34,000 after buying an additional 216 shares during the last quarter. PSI Advisors LLC increased its position 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 valued at $34,000 after purchasing an additional 200 shares during the last quarter. Finally, FSA Wealth Management LLC bought a new position in United Parcel Service in the 3rd quarter worth $36,000. Institutional investors own 60.26% of the company’s stock.

Wall Street Analysts Forecast Growth

UPS has been the subject of several research analyst reports. Susquehanna cut their target price on United Parcel Service from $140.00 to $130.00 and set a “neutral” rating for the company in a research report on Friday, January 31st. Evercore ISI raised their target price on shares of United Parcel Service from $141.00 to $147.00 and gave the stock an “in-line” rating in a report on Wednesday, January 22nd. Bank of America cut their price objective on United Parcel Service from $150.00 to $133.00 and set a “buy” rating on the stock in a research report on Friday, January 31st. BMO Capital Markets upgraded United Parcel Service from a “market perform” rating to an “outperform” rating and lowered their target price for the stock from $155.00 to $150.00 in a report on Tuesday, December 10th. Finally, StockNews.com upgraded United Parcel Service from a “hold” rating to a “buy” rating in a report on Wednesday, November 6th. Two analysts have rated the stock with a sell rating, eight have given a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $140.73.

Insider Activity at United Parcel Service

In related 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 transaction, the insider now directly owns 45,098 shares of the company’s stock, valued at approximately $6,249,229.86. This represents a 13.97 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.13% of the stock is owned by corporate insiders.

United Parcel Service Trading Up 0.2 %

NYSE UPS opened at $111.95 on Thursday. The company has a fifty day moving average of $127.32 and a 200 day moving average of $129.69. The company has a market capitalization of $95.54 billion, a PE ratio of 16.56, a P/E/G ratio of 1.63 and a beta of 0.98. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.17 and a quick ratio of 1.14. United Parcel Service, Inc. has a 1 year low of $109.40 and a 1 year high of $158.95.

United Parcel Service (NYSE:UPS) last posted its earnings results on Thursday, January 30th. The transportation company reported $2.75 earnings per share for the quarter, beating the consensus estimate of $2.52 by $0.23. United Parcel Service had a net margin of 6.35% and a return on equity of 39.13%. During the same quarter last year, the business posted $2.47 earnings per share. Research analysts forecast that United Parcel Service, Inc. will post 8.61 earnings per share for the current year.

United Parcel Service Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 6th. Shareholders of record on Tuesday, February 18th will be given a dividend of $1.64 per share. This represents a $6.56 dividend on an annualized basis and a yield of 5.86%. This is an increase from United Parcel Service’s previous quarterly dividend of $1.63. United Parcel Service’s dividend payout ratio is currently 96.45%.

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.