Abundance Wealth Counselors Trims Stock Position in United Parcel Service, Inc. (NYSE:UPS)

Abundance Wealth Counselors decreased its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 12.3% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 5,900 shares of the transportation company’s stock after selling 829 shares during the quarter. Abundance Wealth Counselors’ holdings in United Parcel Service were worth $744,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. IFS Advisors LLC grew its stake 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 buying an additional 151 shares during the last quarter. True Wealth Design LLC boosted its holdings 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 valued at $29,000 after acquiring an additional 171 shares during the period. PSI Advisors LLC grew its position in shares of United Parcel Service by 408.2% during the third quarter. PSI Advisors LLC now owns 249 shares of the transportation company’s stock worth $34,000 after acquiring an additional 200 shares during the last quarter. Princeton Global Asset Management LLC raised its position 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 valued at $34,000 after purchasing an additional 216 shares during the last quarter. Finally, FSA Wealth Management LLC acquired a new stake in United Parcel Service during the 3rd quarter worth $36,000. Institutional investors and hedge funds own 60.26% of the company’s stock.

Insiders Place Their Bets

In other news, insider Norman M. Brothers, Jr. sold 7,325 shares of United Parcel Service stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $138.57, for a total transaction of $1,015,025.25. Following the completion of the sale, the insider now directly owns 45,098 shares in the company, valued at $6,249,229.86. The trade was a 13.97 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.13% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

UPS has been the topic of a number of recent research reports. StockNews.com upgraded shares of United Parcel Service from a “hold” rating to a “buy” rating in a research note on Wednesday, November 6th. Argus raised United Parcel Service from a “hold” rating to a “buy” rating in a research note on Tuesday, November 5th. Wolfe Research upgraded United Parcel Service from a “peer perform” rating to an “outperform” rating and set a $147.00 target price on the stock in a research note on Wednesday, January 8th. BMO Capital Markets upgraded United Parcel Service from a “market perform” rating to an “outperform” rating and cut their price target for the stock from $155.00 to $150.00 in a research note on Tuesday, December 10th. Finally, Oppenheimer lifted their price objective on shares of United Parcel Service from $140.00 to $146.00 and gave the company an “outperform” rating in a research report on Monday, October 28th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, United Parcel Service currently has an average rating of “Moderate Buy” and a consensus target price of $141.95.

United Parcel Service Stock Down 0.6 %

United Parcel Service stock opened at $114.19 on Friday. The firm has a market capitalization of $97.45 billion, a price-to-earnings ratio of 17.25, a price-to-earnings-growth ratio of 1.88 and a beta of 1.00. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.14 and a current ratio of 1.14. United Parcel Service, Inc. has a fifty-two week low of $109.62 and a fifty-two week high of $158.95. The stock’s fifty day moving average is $128.31 and its two-hundred day moving average is $130.40.

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

United Parcel Service Announces Dividend

The business also recently announced 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. This represents a $6.52 dividend on an annualized basis and a yield of 5.71%. The ex-dividend date was Monday, November 18th. United Parcel Service’s dividend payout ratio (DPR) 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.