Tsfg LLC Sells 169 Shares of United Parcel Service, Inc. (NYSE:UPS)

Tsfg LLC lessened its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 38.4% in the fourth quarter, Holdings Channel reports. The institutional investor owned 271 shares of the transportation company’s stock after selling 169 shares during the period. Tsfg LLC’s holdings in United Parcel Service were worth $34,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. True Wealth Design LLC grew its stake in shares of United Parcel Service by 397.7% in the third 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 last quarter. Princeton Global Asset Management LLC boosted its stake in 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 purchasing an additional 216 shares in the last quarter. PSI Advisors LLC grew its position in 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. FSA Wealth Management LLC bought a new stake in United Parcel Service during the 3rd quarter valued at about $36,000. Finally, Capital Performance Advisors LLP bought a new position in shares of United Parcel Service in the third quarter worth approximately $54,000. Hedge funds and other institutional investors own 60.26% of the company’s stock.

United Parcel Service Stock Up 1.5 %

UPS stock opened at $125.14 on Tuesday. The business’s 50-day moving average price is $129.38 and its 200-day moving average price is $131.08. The stock has a market cap of $106.79 billion, a P/E ratio of 18.90, a PEG ratio of 2.11 and a beta of 1.00. United Parcel Service, Inc. has a twelve month low of $121.56 and a twelve month high of $161.35. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.20.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings results on Thursday, October 24th. The transportation company reported $1.76 earnings per share for the quarter, topping analysts’ consensus estimates of $1.63 by $0.13. The business had revenue of $22.20 billion during the quarter, compared to analyst estimates of $22.10 billion. United Parcel Service had a net margin of 6.25% and a return on equity of 37.38%. The company’s revenue was up 5.4% on a year-over-year basis. During the same period in the prior year, the business posted $1.57 earnings per share. On average, equities research analysts forecast that United Parcel Service, Inc. will post 7.48 EPS for the current year.

United Parcel Service Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 5th. Shareholders of record on Monday, November 18th were issued a dividend of $1.63 per share. The ex-dividend date was Monday, November 18th. This represents a $6.52 dividend on an annualized basis and a yield of 5.21%. United Parcel Service’s dividend payout ratio is presently 98.49%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. UBS Group raised their price target on shares of United Parcel Service from $159.00 to $170.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Stifel Nicolaus boosted their price target on United Parcel Service from $151.00 to $156.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. StockNews.com raised United Parcel Service from a “hold” rating to a “buy” rating in a research report on Wednesday, November 6th. The Goldman Sachs Group decreased their target price on United Parcel Service from $165.00 to $162.00 and set a “buy” rating for the company in a research report on Wednesday, October 9th. Finally, Wolfe Research upgraded shares of United Parcel Service from a “peer perform” rating to an “outperform” rating and set a $147.00 price target for the company in a research note on Wednesday, January 8th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, fourteen have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, United Parcel Service presently has an average rating of “Moderate Buy” and a consensus target price of $151.10.

Insider Activity

In other news, insider Norman M. Brothers, Jr. sold 7,325 shares of the business’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $138.57, for a total value of $1,015,025.25. Following the transaction, the insider now owns 45,098 shares of the company’s stock, valued at approximately $6,249,229.86. The trade was a 13.97 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.13% of the company’s stock.

United Parcel Service 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.