Daymark Wealth Partners LLC Reduces Stock Holdings in United Parcel Service, Inc. (NYSE:UPS)

Daymark Wealth Partners LLC reduced its position in United Parcel Service, Inc. (NYSE:UPS) by 69.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 21,794 shares of the transportation company’s stock after selling 50,601 shares during the quarter. Daymark Wealth Partners LLC’s holdings in United Parcel Service were worth $2,748,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in the company. IFS Advisors LLC grew its stake in shares of 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 acquiring an additional 151 shares during the period. True Wealth Design LLC lifted its holdings in United Parcel Service by 397.7% during the third quarter. True Wealth Design LLC now owns 214 shares of the transportation company’s stock valued at $29,000 after purchasing an additional 171 shares during the last quarter. PSI Advisors LLC boosted its position in 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 purchasing an additional 200 shares during the period. Princeton Global Asset Management LLC boosted its position in United Parcel Service by 720.0% during the third quarter. Princeton Global Asset Management LLC now owns 246 shares of the transportation company’s stock worth $34,000 after purchasing an additional 216 shares during the period. Finally, FSA Wealth Management LLC purchased a new position in shares of United Parcel Service in the third quarter worth about $36,000. 60.26% of the stock is currently owned by institutional investors.

United Parcel Service Trading Down 0.2 %

NYSE UPS opened at $132.59 on Thursday. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.20. The stock’s 50-day simple moving average is $128.97 and its two-hundred day simple moving average is $130.81. United Parcel Service, Inc. has a twelve month low of $121.56 and a twelve month high of $161.35. The company has a market capitalization of $113.15 billion, a price-to-earnings ratio of 20.03, a PEG ratio of 1.87 and a beta of 1.00.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings data on Thursday, October 24th. The transportation company reported $1.76 EPS for the quarter, beating the consensus estimate of $1.63 by $0.13. The firm had revenue of $22.20 billion for the quarter, compared to analyst estimates of $22.10 billion. United Parcel Service had a return on equity of 37.38% and a net margin of 6.25%. The company’s revenue was up 5.4% on a year-over-year basis. During the same period in the prior year, the company earned $1.57 EPS. Research analysts forecast that United Parcel Service, Inc. will post 7.49 EPS for the current fiscal year.

United Parcel Service Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 5th. Shareholders of record on Monday, November 18th were paid a dividend of $1.63 per share. This represents a $6.52 annualized dividend and a dividend yield of 4.92%. The ex-dividend date of this dividend was Monday, November 18th. United Parcel Service’s dividend payout ratio (DPR) is presently 98.49%.

Insider Transactions at United Parcel Service

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 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 in the company, valued at approximately $6,249,229.86. The trade was a 13.97 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.13% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on UPS shares. Bank of America raised shares of United Parcel Service from a “neutral” rating to a “buy” rating and set a $150.00 price objective for the company in a report on Thursday, January 16th. Barclays reaffirmed an “underweight” rating and issued a $120.00 price target on shares of United Parcel Service in a report on Monday, October 21st. BMO Capital Markets upgraded United Parcel Service from a “market perform” rating to an “outperform” rating and decreased their price objective for the company from $155.00 to $150.00 in a research note on Tuesday, December 10th. Susquehanna increased their price objective on United Parcel Service from $135.00 to $140.00 and gave the stock a “neutral” rating in a report on Friday, October 25th. Finally, Evercore ISI lifted their target price on United Parcel Service from $141.00 to $147.00 and gave the company an “in-line” rating in a report on Wednesday. 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 assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $151.38.

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.