ERTS Wealth Advisors LLC Sells 563 Shares of United Parcel Service, Inc. (NYSE:UPS)

ERTS Wealth Advisors LLC cut its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 21.8% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,021 shares of the transportation company’s stock after selling 563 shares during the period. ERTS Wealth Advisors LLC’s holdings in United Parcel Service were worth $255,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Sei Investments Co. grew its holdings in United Parcel Service by 9.4% during the 2nd quarter. Sei Investments Co. now owns 306,009 shares of the transportation company’s stock worth $41,875,000 after acquiring an additional 26,238 shares during the last quarter. Hancock Whitney Corp grew its stake in shares of United Parcel Service by 16.5% in the second quarter. Hancock Whitney Corp now owns 2,487 shares of the transportation company’s stock worth $340,000 after purchasing an additional 352 shares during the last quarter. ProShare Advisors LLC increased its holdings in United Parcel Service by 9.5% in the second quarter. ProShare Advisors LLC now owns 101,427 shares of the transportation company’s stock valued at $13,880,000 after purchasing an additional 8,766 shares during the period. Certified Advisory Corp raised its position in United Parcel Service by 6.5% during the 2nd quarter. Certified Advisory Corp now owns 2,084 shares of the transportation company’s stock worth $285,000 after purchasing an additional 128 shares during the last quarter. Finally, Public Sector Pension Investment Board lifted its holdings in United Parcel Service by 76.4% during the 2nd quarter. Public Sector Pension Investment Board now owns 28,189 shares of the transportation company’s stock worth $3,858,000 after buying an additional 12,208 shares during the period. 60.26% of the stock is currently owned by institutional investors.

Insider Activity

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

United Parcel Service Stock Up 2.5 %

Shares of NYSE:UPS opened at $132.96 on Wednesday. The business’s 50 day moving average is $128.97 and its 200 day moving average is $130.81. United Parcel Service, Inc. has a 12-month low of $121.56 and a 12-month high of $161.35. The stock has a market cap of $113.47 billion, a price-to-earnings ratio of 20.08, a PEG ratio of 1.82 and a beta of 1.00. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.20.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings data on Thursday, October 24th. The transportation company reported $1.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.63 by $0.13. United Parcel Service had a net margin of 6.25% and a return on equity of 37.38%. The firm had revenue of $22.20 billion for the quarter, compared to the consensus estimate of $22.10 billion. During the same period in the previous year, the firm earned $1.57 EPS. The business’s revenue for the quarter was up 5.4% compared to the same quarter last year. On average, sell-side analysts forecast 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 announced a quarterly dividend, which was paid on Thursday, December 5th. Stockholders of record on Monday, November 18th were paid a $1.63 dividend. The ex-dividend date was Monday, November 18th. This represents a $6.52 dividend on an annualized basis and a dividend yield of 4.90%. United Parcel Service’s payout ratio is presently 98.49%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on UPS shares. JPMorgan Chase & Co. raised their price objective on United Parcel Service from $134.00 to $135.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 7th. Barclays restated an “underweight” rating and set a $120.00 price target on shares of United Parcel Service in a report on Monday, October 21st. Oppenheimer upped 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 note on Monday, October 28th. UBS Group boosted their target price on shares of United Parcel Service from $159.00 to $170.00 and gave the company a “buy” rating in a report on Friday, October 25th. Finally, Evercore ISI increased their price target on United Parcel Service from $141.00 to $147.00 and gave the stock an “in-line” rating in a report on Wednesday. Two analysts have rated the stock with a sell rating, five have assigned a hold rating, fifteen have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $151.38.

About United Parcel Service

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.