Diversify Advisory Services LLC Sells 13,498 Shares of United Parcel Service, Inc. (NYSE:UPS)

Diversify Advisory Services LLC decreased its holdings in United Parcel Service, Inc. (NYSE:UPS) by 64.0% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 7,586 shares of the transportation company’s stock after selling 13,498 shares during the quarter. Diversify Advisory Services LLC’s holdings in United Parcel Service were worth $935,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of UPS. Grove Bank & Trust boosted its position in United Parcel Service by 6.0% during the fourth quarter. Grove Bank & Trust now owns 2,329 shares of the transportation company’s stock valued at $294,000 after purchasing an additional 131 shares in the last quarter. Brady Martz Wealth Solutions LLC bought a new stake in shares of United Parcel Service in the 4th quarter valued at about $607,000. Steigerwald Gordon & Koch Inc. grew its position in shares of United Parcel Service by 4.8% in the 4th quarter. Steigerwald Gordon & Koch Inc. now owns 104,809 shares of the transportation company’s stock worth $13,216,000 after buying an additional 4,754 shares during the last quarter. HF Advisory Group LLC bought a new position in shares of United Parcel Service during the 4th quarter worth approximately $1,305,000. Finally, Aaron Wealth Advisors LLC lifted its position in United Parcel Service by 23.1% during the fourth quarter. Aaron Wealth Advisors LLC now owns 2,538 shares of the transportation company’s stock valued at $320,000 after acquiring an additional 477 shares during the last quarter. Hedge funds and other institutional investors own 60.26% of the company’s stock.

Insider Buying and Selling

In related news, insider Norman M. Brothers, Jr. sold 7,325 shares of the 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 of the company’s stock, valued at approximately $6,249,229.86. This represents a 13.97 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.13% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on UPS shares. 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. Wells Fargo & Company lowered their price target on United Parcel Service from $155.00 to $150.00 and set an “overweight” rating for the company in a report on Tuesday, January 7th. Evercore ISI upped their price objective on shares of United Parcel Service from $138.00 to $141.00 and gave the company an “in-line” rating in a report on Tuesday, October 22nd. Stifel Nicolaus lifted their target price on shares of United Parcel Service from $151.00 to $156.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Finally, StockNews.com upgraded shares of United Parcel Service from a “hold” rating to a “buy” rating in a research note on Wednesday, November 6th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating, fifteen have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $151.10.

United Parcel Service Stock Performance

NYSE UPS opened at $129.77 on Tuesday. The stock has a market capitalization of $110.74 billion, a price-to-earnings ratio of 19.60, a PEG ratio of 1.73 and a beta of 1.00. The stock has a 50-day moving average of $128.95 and a 200 day moving average of $130.87. 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 twelve month low of $121.56 and a twelve month high of $161.35.

United Parcel Service (NYSE:UPS) last announced its earnings results on Thursday, October 24th. The transportation company reported $1.76 earnings per share for the quarter, topping the consensus estimate 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 business had revenue of $22.20 billion during the quarter, compared to the consensus estimate of $22.10 billion. During the same period in the prior year, the company posted $1.57 EPS. The business’s quarterly revenue was up 5.4% on a year-over-year basis. Sell-side analysts anticipate that United Parcel Service, Inc. will post 7.49 EPS for the current fiscal year.

United Parcel Service Dividend Announcement

The business also recently announced 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 of this dividend was Monday, November 18th. This represents a $6.52 dividend on an annualized basis and a dividend yield of 5.02%. United Parcel Service’s dividend payout ratio is currently 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.