Rosenberg Matthew Hamilton Cuts Stock Position in United Parcel Service, Inc. (NYSE:UPS)

Rosenberg Matthew Hamilton lessened its holdings in United Parcel Service, Inc. (NYSE:UPS) by 14.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 883 shares of the transportation company’s stock after selling 155 shares during the quarter. Rosenberg Matthew Hamilton’s holdings in United Parcel Service were worth $111,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in UPS. Thoroughbred Financial Services LLC grew its position in shares of United Parcel Service by 106.1% during the 2nd quarter. Thoroughbred Financial Services LLC now owns 4,363 shares of the transportation company’s stock valued at $597,000 after acquiring an additional 2,246 shares during the period. Quantbot Technologies LP purchased a new position in United Parcel Service in the second quarter valued at approximately $2,986,000. Citizens Financial Group Inc. RI grew its holdings in United Parcel Service by 6.1% during the second quarter. Citizens Financial Group Inc. RI now owns 14,349 shares of the transportation company’s stock valued at $1,964,000 after purchasing an additional 823 shares during the period. Excalibur Management Corp raised its stake in shares of United Parcel Service by 5.3% in the second quarter. Excalibur Management Corp now owns 12,826 shares of the transportation company’s stock valued at $1,755,000 after buying an additional 646 shares during the period. Finally, Edgestream Partners L.P. lifted its position in shares of United Parcel Service by 1,134.0% during the 2nd quarter. Edgestream Partners L.P. now owns 55,764 shares of the transportation company’s stock valued at $7,631,000 after buying an additional 51,245 shares during the last quarter. 60.26% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. Argus upgraded United Parcel Service from a “hold” rating to a “buy” rating in a research note on Tuesday, November 5th. Citigroup lowered their price target on shares of United Parcel Service from $163.00 to $158.00 and set a “buy” rating on the stock in a research report on Tuesday, November 12th. Wells Fargo & Company cut their price objective on shares of United Parcel Service from $155.00 to $150.00 and set an “overweight” rating for the company in a report on Tuesday, January 7th. Barclays reissued an “underweight” rating and set a $120.00 target price on shares of United Parcel Service in a report on Monday, October 21st. Finally, Stifel Nicolaus raised their price target on United Parcel Service from $151.00 to $156.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating, fourteen have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $151.10.

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 company’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $138.57, for a total transaction of $1,015,025.25. Following the completion of the sale, the insider now directly owns 45,098 shares in the company, valued at $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 is available at this hyperlink. Company insiders own 0.13% of the company’s stock.

United Parcel Service Stock Performance

NYSE UPS opened at $125.89 on Wednesday. United Parcel Service, Inc. has a 52-week low of $121.56 and a 52-week high of $161.35. The company has a fifty day moving average of $129.22 and a 200-day moving average of $131.01. The company has a market capitalization of $107.43 billion, a P/E ratio of 19.02, a P/E/G ratio of 2.11 and a beta of 1.00. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.14 and a current ratio of 1.14.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings results on Thursday, October 24th. The transportation company reported $1.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.63 by $0.13. The firm had revenue of $22.20 billion during 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% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.57 earnings per share. As a group, equities research analysts predict that United Parcel Service, Inc. will post 7.48 EPS for the current fiscal year.

United Parcel Service Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, December 5th. Shareholders of record on Monday, November 18th were paid a $1.63 dividend. This represents a $6.52 annualized dividend and a yield of 5.18%. The ex-dividend date was Monday, November 18th. United Parcel Service’s dividend 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.