United Parcel Service, Inc. (NYSE:UPS) Shares Sold by L.M. Kohn & Company

L.M. Kohn & Company reduced its stake in United Parcel Service, Inc. (NYSE:UPS) by 3.4% in the 3rd quarter, Holdings Channel reports. The firm owned 11,708 shares of the transportation company’s stock after selling 410 shares during the quarter. L.M. Kohn & Company’s holdings in United Parcel Service were worth $1,596,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. LRI Investments LLC purchased a new stake in shares of United Parcel Service during the 1st quarter valued at about $54,000. Cetera Advisors LLC raised its stake in shares of United Parcel Service by 77.7% during the first quarter. Cetera Advisors LLC now owns 58,560 shares of the transportation company’s stock valued at $8,704,000 after purchasing an additional 25,600 shares during the period. DekaBank Deutsche Girozentrale lifted its position in shares of United Parcel Service by 28.6% during the first quarter. DekaBank Deutsche Girozentrale now owns 301,321 shares of the transportation company’s stock worth $44,149,000 after purchasing an additional 66,995 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of United Parcel Service by 64.3% in the second quarter. GAMMA Investing LLC now owns 5,394 shares of the transportation company’s stock valued at $738,000 after purchasing an additional 2,111 shares during the period. Finally, M&R Capital Management Inc. grew its holdings in United Parcel Service by 35.8% during the 2nd quarter. M&R Capital Management Inc. now owns 607 shares of the transportation company’s stock valued at $83,000 after purchasing an additional 160 shares in the last quarter. 60.26% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. The Goldman Sachs Group decreased their price objective on shares of United Parcel Service from $165.00 to $162.00 and set a “buy” rating for the company in a research report on Wednesday, October 9th. Bank of America raised their price objective on United Parcel Service from $132.00 to $150.00 and gave the company a “neutral” rating in a research note on Friday, October 25th. Barclays reaffirmed an “underweight” rating and issued a $120.00 target price on shares of United Parcel Service in a research report on Monday, October 21st. JPMorgan Chase & Co. dropped their price target on shares of United Parcel Service from $140.00 to $139.00 and set a “neutral” rating for the company in a research note on Friday, October 25th. Finally, Oppenheimer raised their price objective on shares of United Parcel Service from $140.00 to $146.00 and gave the stock an “outperform” rating in a report on Monday, October 28th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, twelve have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $151.52.

Insider Buying and Selling

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 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 directly owns 45,098 shares of the company’s stock, valued at $6,249,229.86. This represents a 13.97 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.13% of the company’s stock.

United Parcel Service Price Performance

Shares of NYSE UPS opened at $135.85 on Friday. United Parcel Service, Inc. has a twelve month low of $123.12 and a twelve month high of $163.82. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.20. The firm has a 50-day moving average of $133.55 and a two-hundred day moving average of $133.87. The company has a market capitalization of $115.93 billion, a price-to-earnings ratio of 20.52, a PEG ratio of 2.23 and a beta of 0.99.

United Parcel Service (NYSE:UPS) last issued its earnings results on Thursday, October 24th. The transportation company reported $1.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.63 by $0.13. United Parcel Service had a return on equity of 37.38% and a net margin of 6.25%. The business had revenue of $22.20 billion for the quarter, compared to analysts’ expectations of $22.10 billion. During the same period in the previous year, the firm posted $1.57 EPS. The company’s quarterly revenue was up 5.4% on a year-over-year basis. As a group, analysts expect that United Parcel Service, Inc. will post 7.48 earnings per share for the current fiscal year.

United Parcel Service Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Monday, November 18th will be given a dividend of $1.63 per share. This represents a $6.52 annualized dividend and a yield of 4.80%. The ex-dividend date is Monday, November 18th. United Parcel Service’s payout ratio is 98.49%.

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.