United Parcel Service, Inc. (NYSE:UPS) Position Reduced by E&G Advisors LP

E&G Advisors LP lowered its stake in United Parcel Service, Inc. (NYSE:UPS) by 3.3% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 2,969 shares of the transportation company’s stock after selling 100 shares during the period. E&G Advisors LP’s holdings in United Parcel Service were worth $374,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. IFS Advisors LLC grew its holdings in shares of United Parcel Service by 232.3% during the fourth quarter. IFS Advisors LLC now owns 216 shares of the transportation company’s stock valued at $27,000 after purchasing an additional 151 shares during the last quarter. True Wealth Design LLC grew its stake 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 buying an additional 171 shares during the last quarter. PSI Advisors LLC increased its position in United Parcel Service by 408.2% in the third quarter. PSI Advisors LLC now owns 249 shares of the transportation company’s stock worth $34,000 after buying an additional 200 shares during the period. Princeton Global Asset Management LLC lifted its stake in United Parcel Service by 720.0% in the third quarter. Princeton Global Asset Management LLC now owns 246 shares of the transportation company’s stock valued at $34,000 after buying an additional 216 shares during the last quarter. Finally, FSA Wealth Management LLC bought a new position in shares of United Parcel Service during the third quarter worth about $36,000. Institutional investors and hedge funds own 60.26% of the company’s stock.

United Parcel Service Stock Down 2.6 %

Shares of UPS stock opened at $111.26 on Tuesday. United Parcel Service, Inc. has a 52-week low of $109.40 and a 52-week high of $158.95. The stock has a market cap of $94.95 billion, a price-to-earnings ratio of 16.46, a PEG ratio of 1.63 and a beta of 0.98. The firm’s 50-day moving average is $128.31 and its 200-day moving average is $130.16. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.14 and a current ratio of 1.17.

United Parcel Service (NYSE:UPS) last released its quarterly earnings data on Thursday, January 30th. The transportation company reported $2.75 EPS for the quarter, beating the consensus estimate of $2.52 by $0.23. United Parcel Service had a net margin of 6.35% and a return on equity of 39.13%. During the same period in the prior year, the company earned $2.47 EPS. Sell-side analysts predict that United Parcel Service, Inc. will post 8.61 EPS for the current year.

United Parcel Service Announces Dividend

The firm also recently disclosed 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 5.86%. The ex-dividend date of this dividend was Monday, November 18th. United Parcel Service’s dividend payout ratio (DPR) is 96.45%.

Insiders Place Their Bets

In other United Parcel Service news, insider Norman M. Brothers, Jr. sold 7,325 shares of United Parcel Service 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 transaction, the insider now directly owns 45,098 shares of the company’s stock, valued at $6,249,229.86. The trade was a 13.97 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.13% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on UPS shares. UBS Group cut their price target on United Parcel Service from $170.00 to $141.00 and set a “buy” rating on the stock in a report on Friday. Wolfe Research raised United Parcel Service from a “peer perform” rating to an “outperform” rating and set a $147.00 price target for the company in a research note on Wednesday, January 8th. Stifel Nicolaus cut their price objective on shares of United Parcel Service from $156.00 to $153.00 and set a “buy” rating on the stock in a research note on Thursday, January 23rd. Loop Capital decreased their target price on shares of United Parcel Service from $120.00 to $115.00 and set a “hold” rating for the company in a research report on Monday. Finally, Raymond James dropped their price target on shares of United Parcel Service from $155.00 to $145.00 and set a “strong-buy” rating on the stock in a research report on Friday. Two analysts have rated the stock with a sell rating, eight have given a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $140.73.

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.