Insider Selling: United Parcel Service, Inc. (NYSE:UPS) Insider Sells 7,325 Shares of Stock

United Parcel Service, Inc. (NYSE:UPS) insider Norman M. Brothers, Jr. sold 7,325 shares of the company’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $138.57, for a total transaction of $1,015,025.25. Following the transaction, the insider now owns 45,098 shares in the company, valued at $6,249,229.86. The trade was a 13.97 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

United Parcel Service Stock Up 0.5 %

Shares of United Parcel Service stock traded up $0.73 during trading hours on Wednesday, reaching $135.69. 2,453,129 shares of the company’s stock were exchanged, compared to its average volume of 4,151,816. The stock has a market cap of $115.79 billion, a P/E ratio of 20.39, a P/E/G ratio of 2.26 and a beta of 0.99. The company has a 50 day moving average of $133.24 and a two-hundred day moving average of $133.95. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.20. United Parcel Service, Inc. has a fifty-two week low of $123.12 and a fifty-two week high of $163.82.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings results on Thursday, October 24th. The transportation company reported $1.76 earnings per share for the quarter, topping 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 business’s quarterly revenue was up 5.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.57 EPS. On average, sell-side analysts forecast that United Parcel Service, Inc. will post 7.48 EPS for the current fiscal year.

United Parcel Service Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Monday, November 18th will be given a dividend of $1.63 per share. The ex-dividend date is Monday, November 18th. This represents a $6.52 dividend on an annualized basis and a yield of 4.81%. United Parcel Service’s dividend payout ratio (DPR) is 98.49%.

Hedge Funds Weigh In On United Parcel Service

Several large investors have recently modified their holdings of the stock. TruNorth Capital Management LLC acquired a new stake in United Parcel Service during the second quarter worth approximately $28,000. True Wealth Design LLC lifted its holdings in United Parcel Service by 397.7% during the 3rd quarter. True Wealth Design LLC now owns 214 shares of the transportation company’s stock worth $29,000 after purchasing an additional 171 shares during the last quarter. Riverview Trust Co bought a new stake in United Parcel Service in the 2nd quarter valued at $32,000. Centerpoint Advisors LLC grew its holdings in United Parcel Service by 291.7% in the 2nd quarter. Centerpoint Advisors LLC now owns 235 shares of the transportation company’s stock valued at $32,000 after buying an additional 175 shares in the last quarter. Finally, Tortoise Investment Management LLC increased its position in United Parcel Service by 168.5% during the 2nd quarter. Tortoise Investment Management LLC now owns 247 shares of the transportation company’s stock worth $34,000 after buying an additional 155 shares during the period. 60.26% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages have weighed in on UPS. Susquehanna boosted their price target on United Parcel Service from $135.00 to $140.00 and gave the company a “neutral” rating in a report on Friday, October 25th. UBS Group increased their price objective on shares of United Parcel Service from $159.00 to $170.00 and gave the company a “buy” rating in a research note on Friday, October 25th. JPMorgan Chase & Co. dropped their price target on United Parcel Service from $140.00 to $139.00 and set a “neutral” rating on the stock in a research report on Friday, October 25th. Bank of America raised their price target on United Parcel Service from $132.00 to $150.00 and gave the stock a “neutral” rating in a report on Friday, October 25th. Finally, Argus upgraded shares of United Parcel Service from a “hold” rating to a “buy” rating in a research note on Tuesday, November 5th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $151.52.

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.