Abner Herrman & Brock LLC Sells 55,012 Shares of United Parcel Service, Inc. (NYSE:UPS)

Abner Herrman & Brock LLC cut its holdings in United Parcel Service, Inc. (NYSE:UPS) by 83.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,761 shares of the transportation company’s stock after selling 55,012 shares during the period. Abner Herrman & Brock LLC’s holdings in United Parcel Service were worth $1,357,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Principal Financial Group Inc. raised its holdings in United Parcel Service by 4.3% in the third quarter. Principal Financial Group Inc. now owns 829,280 shares of the transportation company’s stock worth $113,064,000 after buying an additional 33,989 shares during the last quarter. Synovus Financial Corp raised its holdings in United Parcel Service by 8.6% during the third quarter. Synovus Financial Corp now owns 87,531 shares of the transportation company’s stock valued at $11,934,000 after acquiring an additional 6,941 shares during the period. Van ECK Associates Corp raised its position in shares of United Parcel Service by 1,061.1% during the third quarter. Van ECK Associates Corp now owns 1,772,765 shares of the transportation company’s stock valued at $232,959,000 after buying an additional 1,620,091 shares during the last quarter. HF Advisory Group LLC purchased a new stake in United Parcel Service in the 4th quarter worth $1,305,000. Finally, Cohen Investment Advisors LLC boosted its stake in United Parcel Service by 26.4% during the third quarter. Cohen Investment Advisors LLC now owns 18,357 shares of the transportation company’s stock valued at $2,503,000 after buying an additional 3,835 shares during the last quarter. 60.26% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

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

United Parcel Service Stock Down 0.6 %

Shares of UPS opened at $114.19 on Monday. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.14 and a current ratio of 1.17. The firm’s 50-day simple moving average is $128.31 and its 200 day simple moving average is $130.28. United Parcel Service, Inc. has a 52 week low of $109.62 and a 52 week high of $158.95. The firm has a market cap of $97.45 billion, a P/E ratio of 16.89, a price-to-earnings-growth ratio of 1.63 and a beta of 0.98.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings data on Thursday, January 30th. The transportation company reported $2.75 earnings per share for the quarter, topping the consensus estimate of $2.52 by $0.23. United Parcel Service had a net margin of 6.35% and a return on equity of 39.13%. During the same quarter in the previous year, the business earned $2.47 earnings per share. On average, analysts forecast that United Parcel Service, Inc. will post 8.61 earnings per share for the current year.

United Parcel Service Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 5th. Investors of record on Monday, November 18th were issued a dividend of $1.63 per share. This represents a $6.52 annualized dividend and a dividend yield of 5.71%. The ex-dividend date was Monday, November 18th. United Parcel Service’s dividend payout ratio (DPR) is 96.45%.

Analyst Ratings Changes

UPS has been the subject of several recent research reports. Morgan Stanley dropped their price target on United Parcel Service from $100.00 to $82.00 and set an “underweight” rating for the company in a research report on Friday. Argus raised shares of United Parcel Service from a “hold” rating to a “buy” rating in a research report on Tuesday, November 5th. The Goldman Sachs Group lowered their target price on United Parcel Service from $166.00 to $147.00 and set a “buy” rating for the company in a report on Friday. UBS Group cut their price target on United Parcel Service from $170.00 to $141.00 and set a “buy” rating on the stock in a report on Friday. Finally, Citigroup lowered their target price on shares of United Parcel Service from $158.00 to $149.00 and set a “buy” rating for the company in a research note on Friday. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, United Parcel Service currently has an average rating of “Moderate Buy” and an average target price of $141.95.

United Parcel Service Company 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.