United Parcel Service, Inc. (NYSE:UPS) Shares Sold by Dakota Wealth Management

Dakota Wealth Management reduced its position in United Parcel Service, Inc. (NYSE:UPS) by 5.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 10,490 shares of the transportation company’s stock after selling 570 shares during the quarter. Dakota Wealth Management’s holdings in United Parcel Service were worth $1,323,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Public Sector Pension Investment Board increased its stake in shares of United Parcel Service by 76.4% in the 2nd quarter. Public Sector Pension Investment Board now owns 28,189 shares of the transportation company’s stock worth $3,858,000 after acquiring an additional 12,208 shares during the last quarter. Toronto Dominion Bank raised its position in United Parcel Service by 0.6% in the 2nd quarter. Toronto Dominion Bank now owns 241,863 shares of the transportation company’s stock valued at $33,099,000 after purchasing an additional 1,511 shares in the last quarter. Point72 Hong Kong Ltd acquired a new stake in United Parcel Service in the 2nd quarter valued at about $2,631,000. AXA S.A. raised its position in United Parcel Service by 1.1% in the 2nd quarter. AXA S.A. now owns 209,247 shares of the transportation company’s stock valued at $28,635,000 after purchasing an additional 2,291 shares in the last quarter. Finally, AQR Capital Management LLC raised its position in United Parcel Service by 102.4% in the 2nd quarter. AQR Capital Management LLC now owns 475,418 shares of the transportation company’s stock valued at $65,061,000 after purchasing an additional 240,554 shares in the last quarter. 60.26% of the stock is owned by institutional investors and hedge funds.

United Parcel Service Price Performance

Shares of NYSE:UPS opened at $133.61 on Friday. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.20. United Parcel Service, Inc. has a 1 year low of $121.56 and a 1 year high of $161.35. The business has a fifty day simple moving average of $128.95 and a 200 day simple moving average of $130.82. The firm has a market cap of $114.01 billion, a price-to-earnings ratio of 20.18, a P/E/G ratio of 1.87 and a beta of 1.00.

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

United Parcel Service Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 5th. Stockholders of record on Monday, November 18th were given a $1.63 dividend. This represents a $6.52 annualized dividend and a dividend yield of 4.88%. The ex-dividend date of this dividend was Monday, November 18th. United Parcel Service’s dividend payout ratio is currently 98.49%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Oppenheimer increased their price target on United Parcel Service from $140.00 to $146.00 and gave the company an “outperform” rating in a research report on Monday, October 28th. Bank of America raised United Parcel Service from a “neutral” rating to a “buy” rating and set a $150.00 price target on the stock in a research report on Thursday, January 16th. The Goldman Sachs Group lowered their target price on United Parcel Service from $165.00 to $162.00 and set a “buy” rating on the stock in a research note on Wednesday, October 9th. UBS Group lifted their price target on United Parcel Service from $159.00 to $170.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Finally, Evercore ISI lifted their price target on United Parcel Service from $141.00 to $147.00 and gave the company an “in-line” rating in a research note on Wednesday. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating, fifteen have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $151.24.

Insider Activity

In related news, insider Norman M. Brothers, Jr. sold 7,325 shares of United Parcel Service stock in a transaction dated 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 sale, the insider now directly owns 45,098 shares of the company’s stock, valued at $6,249,229.86. This trade represents a 13.97 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.13% of the stock is currently owned by company insiders.

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.