United Parcel Service, Inc. (NYSE:UPS) Shares Sold by Valley Wealth Managers Inc.

Valley Wealth Managers Inc. decreased its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 34.7% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 17,851 shares of the transportation company’s stock after selling 9,468 shares during the period. Valley Wealth Managers Inc.’s holdings in United Parcel Service were worth $2,251,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Cigna Investments Inc. New lifted its stake in shares of United Parcel Service by 1.0% in the 3rd quarter. Cigna Investments Inc. New now owns 7,508 shares of the transportation company’s stock worth $1,024,000 after acquiring an additional 75 shares during the period. Pacific Sage Partners LLC lifted its stake in shares of United Parcel Service by 4.8% in the 4th quarter. Pacific Sage Partners LLC now owns 1,677 shares of the transportation company’s stock worth $212,000 after acquiring an additional 77 shares during the period. Banco Santander S.A. lifted its stake in shares of United Parcel Service by 0.6% in the 3rd quarter. Banco Santander S.A. now owns 12,596 shares of the transportation company’s stock worth $1,717,000 after acquiring an additional 79 shares during the period. Quent Capital LLC lifted its stake in shares of United Parcel Service by 16.7% in the 4th quarter. Quent Capital LLC now owns 558 shares of the transportation company’s stock worth $70,000 after acquiring an additional 80 shares during the period. Finally, Tradewinds LLC. lifted its stake in shares of United Parcel Service by 1.8% in the 3rd quarter. Tradewinds LLC. now owns 4,487 shares of the transportation company’s stock worth $612,000 after acquiring an additional 81 shares during the period. Institutional investors and hedge funds own 60.26% of the company’s stock.

United Parcel Service Stock Up 0.6 %

United Parcel Service stock opened at $116.37 on Tuesday. The firm has a market cap of $99.31 billion, a PE ratio of 17.21, a P/E/G ratio of 1.50 and a beta of 0.98. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.14 and a current ratio of 1.17. The firm’s 50 day moving average price is $124.53 and its two-hundred day moving average price is $128.77. United Parcel Service, Inc. has a twelve month low of $109.40 and a twelve month high of $158.95.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings results on Thursday, January 30th. The transportation company reported $2.75 EPS for the quarter, topping 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 EPS. On average, research analysts predict that United Parcel Service, Inc. will post 7.99 EPS for the current fiscal year.

United Parcel Service Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 6th. Stockholders of record on Tuesday, February 18th will be paid a dividend of $1.64 per share. This is a positive change from United Parcel Service’s previous quarterly dividend of $1.63. The ex-dividend date is Tuesday, February 18th. This represents a $6.56 annualized dividend and a dividend yield of 5.64%. United Parcel Service’s dividend payout ratio is 96.45%.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on UPS. Oppenheimer upped their price target on shares of United Parcel Service from $140.00 to $146.00 and gave the stock an “outperform” rating in a research note on Monday, October 28th. Robert W. Baird lowered shares of United Parcel Service from an “outperform” rating to a “neutral” rating and cut their target price for the company from $160.00 to $130.00 in a research note on Friday, January 31st. StockNews.com raised shares of United Parcel Service from a “hold” rating to a “buy” rating in a research note on Wednesday, November 6th. The Goldman Sachs Group cut their target price on shares of United Parcel Service from $166.00 to $147.00 and set a “buy” rating for the company in a research note on Friday, January 31st. Finally, Baird R W lowered shares of United Parcel Service from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 31st. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $140.73.

Insider Transactions at United Parcel Service

In related news, insider Norman M. Brothers, Jr. sold 7,325 shares of the company’s stock in a transaction on Monday, November 25th. The shares were 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 approximately $6,249,229.86. This represents a 13.97 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.13% of the stock is currently owned by company insiders.

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.