Institute for Wealth Management LLC. Sells 2,763 Shares of United Parcel Service, Inc. (NYSE:UPS)

Institute for Wealth Management LLC. lessened its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 21.3% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 10,234 shares of the transportation company’s stock after selling 2,763 shares during the period. Institute for Wealth Management LLC.’s holdings in United Parcel Service were worth $1,290,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Principal Financial Group Inc. lifted its holdings in shares of United Parcel Service by 4.3% in the 3rd quarter. Principal Financial Group Inc. now owns 829,280 shares of the transportation company’s stock worth $113,064,000 after purchasing an additional 33,989 shares in the last quarter. Synovus Financial Corp lifted its stake in shares of United Parcel Service by 8.6% in the third quarter. Synovus Financial Corp now owns 87,531 shares of the transportation company’s stock valued at $11,934,000 after buying an additional 6,941 shares in the last quarter. Van ECK Associates Corp grew its holdings 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 buying an additional 1,620,091 shares during the last quarter. HF Advisory Group LLC bought a new stake in shares of United Parcel Service during the fourth quarter worth about $1,305,000. Finally, Cohen Investment Advisors LLC lifted its position in United Parcel Service by 26.4% in the 3rd quarter. Cohen Investment Advisors LLC now owns 18,357 shares of the transportation company’s stock valued at $2,503,000 after acquiring an additional 3,835 shares in the last quarter. 60.26% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at United Parcel Service

In other news, insider Norman M. Brothers, Jr. sold 7,325 shares of the company’s stock in a transaction on Monday, November 25th. The shares were 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 document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.13% of the company’s stock.

United Parcel Service Stock Performance

Shares of UPS stock opened at $114.94 on Friday. The firm’s 50 day moving average is $129.05 and its 200 day moving average is $130.72. The stock has a market capitalization of $98.09 billion, a P/E ratio of 17.36, a PEG ratio of 1.88 and a beta of 1.00. United Parcel Service, Inc. has a 12 month low of $109.62 and a 12 month high of $158.95. 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 (NYSE:UPS) last posted its earnings results on Thursday, January 30th. The transportation company reported $2.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.52 by $0.23. United Parcel Service had a return on equity of 37.38% and a net margin of 6.25%. During the same quarter in the prior year, the company earned $2.47 EPS. On average, sell-side analysts anticipate that United Parcel Service, Inc. will post 7.5 earnings per share for the current year.

United Parcel Service Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, December 5th. Stockholders of record on Monday, November 18th were given a dividend of $1.63 per share. This represents a $6.52 annualized dividend and a dividend yield of 5.67%. The ex-dividend date was Monday, November 18th. United Parcel Service’s dividend payout ratio is presently 98.49%.

Analysts Set New Price Targets

Several analysts have recently commented on UPS shares. Barclays reissued an “underweight” rating and issued a $120.00 price objective on shares of United Parcel Service in a research note on Monday, October 21st. The Goldman Sachs Group dropped their price objective on United Parcel Service from $165.00 to $162.00 and set a “buy” rating on the stock in a research note on Wednesday, October 9th. BMO Capital Markets upgraded shares of United Parcel Service from a “market perform” rating to an “outperform” rating and lowered their target price for the company from $155.00 to $150.00 in a report on Tuesday, December 10th. Citigroup reduced their price objective on shares of United Parcel Service from $163.00 to $158.00 and set a “buy” rating for the company in a research report on Tuesday, November 12th. Finally, UBS Group lifted their target price on shares of United Parcel Service from $159.00 to $170.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, fourteen have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, United Parcel Service presently has a consensus rating of “Moderate Buy” and a consensus target price of $149.00.

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.