Strengthening Families & Communities LLC Sells 12,681 Shares of United Parcel Service, Inc. (NYSE:UPS)

Strengthening Families & Communities LLC cut its stake in United Parcel Service, Inc. (NYSE:UPS) by 94.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 753 shares of the transportation company’s stock after selling 12,681 shares during the period. Strengthening Families & Communities LLC’s holdings in United Parcel Service were worth $95,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of UPS. International Assets Investment Management LLC grew its position in United Parcel Service by 15,779.6% during the third quarter. International Assets Investment Management LLC now owns 14,631,461 shares of the transportation company’s stock worth $1,994,853,000 after buying an additional 14,539,321 shares in the last quarter. Two Sigma Advisers LP grew its holdings in shares of United Parcel Service by 833.4% during the 3rd quarter. Two Sigma Advisers LP now owns 2,074,100 shares of the transportation company’s stock worth $282,783,000 after purchasing an additional 1,851,900 shares in the last quarter. Van ECK Associates Corp increased 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 purchasing an additional 1,620,091 shares during the period. Charles Schwab Investment Management Inc. raised its stake in shares of United Parcel Service by 6.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 21,927,607 shares of the transportation company’s stock valued at $2,989,609,000 after purchasing an additional 1,320,921 shares in the last quarter. Finally, Assenagon Asset Management S.A. lifted its position in United Parcel Service by 5,136.2% in the third quarter. Assenagon Asset Management S.A. now owns 1,079,964 shares of the transportation company’s stock worth $147,242,000 after purchasing an additional 1,059,339 shares during the period. 60.26% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

UPS has been the topic of several analyst reports. Argus raised shares of United Parcel Service from a “hold” rating to a “buy” rating in a report on Tuesday, November 5th. UBS Group dropped their price target on shares of United Parcel Service from $170.00 to $141.00 and set a “buy” rating for the company in a research report on Friday, January 31st. Stifel Nicolaus decreased their price objective on United Parcel Service from $156.00 to $153.00 and set a “buy” rating on the stock in a report on Thursday, January 23rd. Robert W. Baird cut United Parcel Service from an “outperform” rating to a “neutral” rating and dropped their target price for the stock from $160.00 to $130.00 in a report on Friday, January 31st. Finally, Baird R W lowered United Parcel Service from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 31st. Two analysts have rated the stock with a sell rating, eight have given a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, United Parcel Service has an average rating of “Moderate Buy” and an average target price of $140.73.

United Parcel Service Stock Up 0.9 %

Shares of UPS opened at $114.18 on Tuesday. The business’s fifty day moving average price is $125.95 and its two-hundred day moving average price is $129.25. The firm has a market capitalization of $97.43 billion, a price-to-earnings ratio of 16.89, a PEG ratio of 1.50 and a beta of 0.98. United Parcel Service, Inc. has a 52 week low of $109.40 and a 52 week high of $158.95. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.14 and a current ratio of 1.17.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings data on Thursday, January 30th. The transportation company reported $2.75 EPS for the quarter, topping analysts’ consensus estimates of $2.52 by $0.23. United Parcel Service had a return on equity of 39.13% and a net margin of 6.35%. During the same period last year, the business earned $2.47 earnings per share. On average, analysts predict that United Parcel Service, Inc. will post 7.99 earnings per share for the current year.

United Parcel Service Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 6th. Investors of record on Tuesday, February 18th will be paid a dividend of $1.64 per share. This represents a $6.56 dividend on an annualized basis and a dividend yield of 5.75%. This is an increase from United Parcel Service’s previous quarterly dividend of $1.63. The ex-dividend date of this dividend is Tuesday, February 18th. United Parcel Service’s payout ratio is 96.45%.

Insider Buying and Selling at United Parcel Service

In other United Parcel Service news, insider Norman M. Brothers, Jr. sold 7,325 shares of the stock in a transaction dated 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 owns 45,098 shares of the company’s stock, valued at approximately $6,249,229.86. This represents a 13.97 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.13% of the company’s stock.

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.