Brooklyn Investment Group Sells 1,082 Shares of United Parcel Service, Inc. (NYSE:UPS)

Brooklyn Investment Group lessened its holdings in United Parcel Service, Inc. (NYSE:UPS) by 44.0% during the 4th quarter, Holdings Channel reports. The firm owned 1,379 shares of the transportation company’s stock after selling 1,082 shares during the period. Brooklyn Investment Group’s holdings in United Parcel Service were worth $174,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. IFS Advisors LLC grew its holdings in United Parcel Service by 232.3% during the 4th quarter. IFS Advisors LLC now owns 216 shares of the transportation company’s stock worth $27,000 after acquiring an additional 151 shares during the period. True Wealth Design LLC increased its holdings in United Parcel Service by 397.7% in the third quarter. True Wealth Design LLC now owns 214 shares of the transportation company’s stock valued at $29,000 after purchasing an additional 171 shares during the last quarter. PSI Advisors LLC lifted its stake in United Parcel Service by 408.2% in the third quarter. PSI Advisors LLC now owns 249 shares of the transportation company’s stock valued at $34,000 after buying an additional 200 shares during the period. Princeton Global Asset Management LLC boosted its holdings in United Parcel Service by 720.0% during the third quarter. Princeton Global Asset Management LLC now owns 246 shares of the transportation company’s stock worth $34,000 after buying an additional 216 shares during the last quarter. Finally, FSA Wealth Management LLC acquired a new position in shares of United Parcel Service during the 3rd quarter worth about $36,000. 60.26% of the stock is owned by institutional investors.

Insider Activity

In related news, insider Norman M. Brothers, Jr. sold 7,325 shares of the business’s stock in a transaction that occurred 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 transaction, the insider now directly 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.13% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

UPS has been the topic of several recent analyst reports. Barclays reissued an “underweight” rating and set a $120.00 price objective on shares of United Parcel Service in a research note on Monday, October 21st. Wells Fargo & Company decreased their price target on shares of United Parcel Service from $155.00 to $150.00 and set an “overweight” rating for the company in a report on Tuesday, January 7th. StockNews.com raised United Parcel Service from a “hold” rating to a “buy” rating in a research note on Wednesday, November 6th. Wolfe Research upgraded United Parcel Service from a “peer perform” rating to an “outperform” rating and set a $147.00 price target for the company in a report on Wednesday, January 8th. Finally, Evercore ISI lifted their price objective on United Parcel Service from $138.00 to $141.00 and gave the company an “in-line” rating in a report on Tuesday, October 22nd. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating, fifteen have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $151.10.

United Parcel Service Stock Performance

UPS opened at $129.77 on Friday. The business’s 50-day simple moving average is $128.95 and its 200 day simple moving average is $130.93. United Parcel Service, Inc. has a 52-week low of $121.56 and a 52-week high of $161.35. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.14 and a current ratio of 1.14. The firm has a market capitalization of $110.74 billion, a PE ratio of 19.60, a PEG ratio of 1.73 and a beta of 1.00.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings data on Thursday, October 24th. The transportation company reported $1.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.63 by $0.13. United Parcel Service had a return on equity of 37.38% and a net margin of 6.25%. The company had revenue of $22.20 billion for the quarter, compared to analysts’ expectations of $22.10 billion. During the same quarter in the prior year, the business posted $1.57 EPS. The business’s revenue was up 5.4% compared to the same quarter last year. As a group, sell-side analysts expect that United Parcel Service, Inc. will post 7.49 earnings per share for the current fiscal year.

United Parcel Service Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 5th. Stockholders of record on Monday, November 18th were paid a dividend of $1.63 per share. The ex-dividend date was Monday, November 18th. This represents a $6.52 annualized dividend and a dividend yield of 5.02%. United Parcel Service’s dividend payout ratio is presently 98.49%.

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.