Access Financial Services Inc. Lowers Position in United Parcel Service, Inc. (NYSE:UPS)

Access Financial Services Inc. cut its holdings in United Parcel Service, Inc. (NYSE:UPS) by 9.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 8,025 shares of the transportation company’s stock after selling 807 shares during the quarter. Access Financial Services Inc.’s holdings in United Parcel Service were worth $1,012,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in UPS. Ieq Capital LLC lifted its stake in United Parcel Service by 12.0% in the second quarter. Ieq Capital LLC now owns 14,352 shares of the transportation company’s stock worth $1,964,000 after acquiring an additional 1,532 shares during the period. Canada Pension Plan Investment Board raised its holdings in United Parcel Service by 160.1% in the second quarter. Canada Pension Plan Investment Board now owns 257,974 shares of the transportation company’s stock worth $35,304,000 after purchasing an additional 158,784 shares in the last quarter. Bridges Investment Management Inc. raised its holdings in United Parcel Service by 113.9% in the second quarter. Bridges Investment Management Inc. now owns 3,998 shares of the transportation company’s stock worth $547,000 after purchasing an additional 2,129 shares in the last quarter. AE Wealth Management LLC raised its holdings in United Parcel Service by 67.1% in the second quarter. AE Wealth Management LLC now owns 28,738 shares of the transportation company’s stock worth $3,933,000 after purchasing an additional 11,537 shares in the last quarter. Finally, Pacer Advisors Inc. raised its holdings in United Parcel Service by 14.3% in the second quarter. Pacer Advisors Inc. now owns 328,330 shares of the transportation company’s stock worth $44,932,000 after purchasing an additional 40,988 shares in the last quarter. 60.26% of the stock is owned by hedge funds and other institutional investors.

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 firm’s 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 sale, the insider now directly owns 45,098 shares of the company’s stock, valued at $6,249,229.86. This trade represents a 13.97 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.13% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Stifel Nicolaus boosted their target price on shares of United Parcel Service from $151.00 to $156.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Susquehanna upped their price objective on shares of United Parcel Service from $135.00 to $140.00 and gave the company a “neutral” rating in a report on Friday, October 25th. 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 report on Monday, October 28th. JPMorgan Chase & Co. upped their price objective on shares of United Parcel Service from $134.00 to $135.00 and gave the company a “neutral” rating in a report on Tuesday, January 7th. Finally, The Goldman Sachs Group cut their price objective on shares of United Parcel Service from $165.00 to $162.00 and set a “buy” rating on the stock in a report on Wednesday, October 9th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating, fifteen have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, United Parcel Service currently has an average rating of “Moderate Buy” and an average price target of $151.10.

United Parcel Service Trading Down 0.1 %

Shares of NYSE:UPS opened at $129.77 on Monday. United Parcel Service, Inc. has a 1 year low of $121.56 and a 1 year high of $161.35. The firm has a market capitalization of $110.74 billion, a price-to-earnings ratio of 19.60, a price-to-earnings-growth ratio of 1.73 and a beta of 1.00. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.14 and a quick ratio of 1.14. The business’s 50 day moving average price is $128.95 and its 200-day moving average price is $130.90.

United Parcel Service (NYSE:UPS) last announced its earnings results on Thursday, October 24th. The transportation company reported $1.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $22.20 billion for the quarter, compared to analyst estimates of $22.10 billion. During the same quarter last year, the firm posted $1.57 EPS. The business’s revenue was up 5.4% on a year-over-year basis. On average, equities research analysts forecast that United Parcel Service, Inc. will post 7.49 earnings per share for the current fiscal year.

United Parcel Service Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 5th. Shareholders of record on Monday, November 18th were issued a $1.63 dividend. The ex-dividend date was Monday, November 18th. This represents a $6.52 dividend on an annualized basis and a yield of 5.02%. United Parcel Service’s payout ratio is currently 98.49%.

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.