United Parcel Service, Inc. (NYSE:UPS) Shares Sold by Inlet Private Wealth LLC

Inlet Private Wealth LLC cut its holdings in United Parcel Service, Inc. (NYSE:UPS) by 7.6% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 35,153 shares of the transportation company’s stock after selling 2,890 shares during the period. Inlet Private Wealth LLC’s holdings in United Parcel Service were worth $4,433,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the business. Quarry LP raised its stake in shares of United Parcel Service by 453.6% during the second quarter. Quarry LP now owns 537 shares of the transportation company’s stock valued at $73,000 after purchasing an additional 440 shares in the last quarter. Newbridge Financial Services Group Inc. increased its stake in United Parcel Service by 67.4% in the 2nd quarter. Newbridge Financial Services Group Inc. now owns 745 shares of the transportation company’s stock worth $102,000 after purchasing an additional 300 shares in the last quarter. AMF Tjanstepension AB raised its holdings in United Parcel Service by 39.7% during the 3rd quarter. AMF Tjanstepension AB now owns 108,360 shares of the transportation company’s stock worth $14,793,000 after buying an additional 30,815 shares during the period. Czech National Bank lifted its stake in United Parcel Service by 7.4% during the third quarter. Czech National Bank now owns 149,220 shares of the transportation company’s stock valued at $20,345,000 after buying an additional 10,227 shares in the last quarter. Finally, Farmers Trust Co. lifted its position in shares of United Parcel Service by 14.1% in the 3rd quarter. Farmers Trust Co. now owns 3,036 shares of the transportation company’s stock valued at $414,000 after acquiring an additional 375 shares in the last quarter. Institutional investors own 60.26% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. StockNews.com raised shares of United Parcel Service from a “hold” rating to a “buy” rating in a research note on Wednesday, November 6th. Robert W. Baird downgraded United Parcel Service from an “outperform” rating to a “neutral” rating and reduced their price objective for the stock from $160.00 to $130.00 in a research note on Friday. Wells Fargo & Company dropped their target price on United Parcel Service from $150.00 to $128.00 and set an “overweight” rating on the stock in a report on Friday. Bank of America decreased their price target on shares of United Parcel Service from $150.00 to $133.00 and set a “buy” rating for the company in a report on Friday. Finally, Stifel Nicolaus cut their target price on shares of United Parcel Service from $156.00 to $153.00 and set a “buy” rating for the company in a research report on Thursday, January 23rd. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, United Parcel Service presently has an average rating of “Moderate Buy” and an average target price of $141.95.

United Parcel Service Trading Down 0.6 %

Shares of NYSE:UPS opened at $114.19 on Friday. 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 stock’s 50-day moving average is $128.31 and its 200-day moving average is $130.40. The company has a market cap of $97.45 billion, a P/E ratio of 17.25, a P/E/G ratio of 1.88 and a beta of 1.00. United Parcel Service, Inc. has a 52-week low of $109.62 and a 52-week high of $158.95.

United Parcel Service (NYSE:UPS) last released its earnings results on Thursday, January 30th. The transportation company reported $2.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.52 by $0.23. United Parcel Service had a return on equity of 37.38% and a net margin of 6.25%. During the same period last year, the company posted $2.47 EPS. Equities research analysts predict that United Parcel Service, Inc. will post 7.5 earnings per share for the current year.

United Parcel Service Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, December 5th. Shareholders of record on Monday, November 18th were given a $1.63 dividend. The ex-dividend date was Monday, November 18th. This represents a $6.52 annualized dividend and a yield of 5.71%. United Parcel Service’s dividend payout ratio is 98.49%.

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 stock was sold at an average price of $138.57, for a total value of $1,015,025.25. Following the completion of the transaction, the insider now directly owns 45,098 shares in the company, valued at approximately $6,249,229.86. This represents a 13.97 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 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.