Sound Income Strategies LLC Sells 8,126 Shares of United Parcel Service, Inc. $UPS

Sound Income Strategies LLC cut its holdings in United Parcel Service, Inc. (NYSE:UPSFree Report) by 4.8% in the fourth quarter, HoldingsChannel reports. The firm owned 159,436 shares of the transportation company’s stock after selling 8,126 shares during the period. Sound Income Strategies LLC’s holdings in United Parcel Service were worth $17,045,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. AQR Capital Management LLC lifted its position in United Parcel Service by 94.8% during the 2nd quarter. AQR Capital Management LLC now owns 2,300,081 shares of the transportation company’s stock worth $231,388,000 after acquiring an additional 1,119,372 shares during the last quarter. Invesco Ltd. lifted its position in United Parcel Service by 17.3% during the 3rd quarter. Invesco Ltd. now owns 6,724,265 shares of the transportation company’s stock worth $561,678,000 after acquiring an additional 993,461 shares during the last quarter. Victory Capital Management Inc. lifted its position in United Parcel Service by 10.5% during the 3rd quarter. Victory Capital Management Inc. now owns 7,991,490 shares of the transportation company’s stock worth $667,109,000 after acquiring an additional 761,217 shares during the last quarter. The Manufacturers Life Insurance Company lifted its position in United Parcel Service by 130.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,303,804 shares of the transportation company’s stock worth $131,606,000 after acquiring an additional 737,858 shares during the last quarter. Finally, Assenagon Asset Management S.A. lifted its position in United Parcel Service by 155.9% during the 4th quarter. Assenagon Asset Management S.A. now owns 1,071,487 shares of the transportation company’s stock worth $106,281,000 after acquiring an additional 652,750 shares during the last quarter. 60.26% of the stock is currently owned by institutional investors.

More United Parcel Service News

Here are the key news stories impacting United Parcel Service this week:

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on UPS. UBS Group boosted their target price on shares of United Parcel Service from $116.00 to $125.00 and gave the stock a “buy” rating in a research report on Wednesday, January 28th. Wolfe Research reissued a “peer perform” rating on shares of United Parcel Service in a research report on Thursday, January 8th. BNP Paribas Exane lowered shares of United Parcel Service from a “neutral” rating to an “underperform” rating and set a $85.00 target price for the company. in a research report on Tuesday, January 13th. Jefferies Financial Group boosted their target price on shares of United Parcel Service from $115.00 to $130.00 and gave the stock a “buy” rating in a research report on Wednesday, January 28th. Finally, JPMorgan Chase & Co. boosted their target price on shares of United Parcel Service from $99.00 to $107.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 28th. Two investment analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, fourteen have assigned a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, United Parcel Service presently has an average rating of “Hold” and an average price target of $113.67.

Get Our Latest Analysis on UPS

United Parcel Service Stock Down 1.1%

Shares of UPS opened at $97.09 on Tuesday. The company has a 50-day simple moving average of $106.94 and a 200-day simple moving average of $99.38. The firm has a market capitalization of $82.44 billion, a P/E ratio of 14.80, a P/E/G ratio of 1.54 and a beta of 1.12. The company has a debt-to-equity ratio of 1.45, a quick ratio of 1.22 and a current ratio of 1.22. United Parcel Service, Inc. has a 52 week low of $82.00 and a 52 week high of $122.41.

United Parcel Service (NYSE:UPSGet Free Report) last announced its quarterly earnings data on Tuesday, January 27th. The transportation company reported $2.38 EPS for the quarter, beating analysts’ consensus estimates of $2.20 by $0.18. The business had revenue of $24.48 billion during the quarter, compared to analyst estimates of $23.91 billion. United Parcel Service had a net margin of 6.28% and a return on equity of 38.30%. The firm’s revenue for the quarter was down 3.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.75 earnings per share. On average, equities research analysts expect that United Parcel Service, Inc. will post 7.95 earnings per share for the current year.

United Parcel Service Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 5th. Stockholders of record on Tuesday, February 17th were given a dividend of $1.64 per share. The ex-dividend date of this dividend was Tuesday, February 17th. This represents a $6.56 dividend on an annualized basis and a dividend yield of 6.8%. United Parcel Service’s dividend payout ratio is currently 100.00%.

Insider Activity at United Parcel Service

In other news, insider Norman M. Brothers, Jr. sold 25,014 shares of the company’s stock in a transaction dated Wednesday, January 28th. The shares were sold at an average price of $106.15, for a total transaction of $2,655,236.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.13% of the company’s stock.

United Parcel Service Company Profile

(Free Report)

United Parcel Service (NYSE: UPS) is a global package delivery and supply chain management company that provides a broad range of transportation, logistics and e-commerce services. Its core business centers on small-package delivery and last-mile distribution for business and individual customers, supported by a network of ground transportation, air cargo operations (UPS Airlines) and sorting facilities. In addition to parcel delivery, UPS offers freight transportation, contract logistics, warehousing, customs brokerage and reverse-logistics solutions designed to support domestic and international commerce.

The company traces its roots to 1907 when it began as a small messenger service in the United States and later evolved into the United Parcel Service.

See Also

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Institutional Ownership by Quarter for United Parcel Service (NYSE:UPS)

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