United Parcel Service, Inc. (NYSE:UPS) Stock Position Raised by Sound Income Strategies LLC

Sound Income Strategies LLC increased its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 5,576.9% during the 4th quarter, Holdings Channel.com reports. The fund owned 105,817 shares of the transportation company’s stock after buying an additional 103,953 shares during the period. Sound Income Strategies LLC’s holdings in United Parcel Service were worth $13,343,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of UPS. Public Sector Pension Investment Board grew its stake in United Parcel Service by 76.4% during the 2nd quarter. Public Sector Pension Investment Board now owns 28,189 shares of the transportation company’s stock worth $3,858,000 after buying an additional 12,208 shares during the last quarter. Toronto Dominion Bank increased its holdings in shares of United Parcel Service by 0.6% in the 2nd quarter. Toronto Dominion Bank now owns 241,863 shares of the transportation company’s stock worth $33,099,000 after acquiring an additional 1,511 shares during the period. Point72 Hong Kong Ltd bought a new stake in United Parcel Service in the 2nd quarter valued at about $2,631,000. AXA S.A. boosted its stake in United Parcel Service by 1.1% during the 2nd quarter. AXA S.A. now owns 209,247 shares of the transportation company’s stock valued at $28,635,000 after purchasing an additional 2,291 shares during the period. Finally, AQR Capital Management LLC grew its position in United Parcel Service by 102.4% in the 2nd quarter. AQR Capital Management LLC now owns 475,418 shares of the transportation company’s stock worth $65,061,000 after purchasing an additional 240,554 shares during the last quarter. Institutional investors own 60.26% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Barclays reiterated an “underweight” rating and set a $120.00 price objective on shares of United Parcel Service in a research report on Monday, October 21st. Wells Fargo & Company decreased their price target on United Parcel Service from $155.00 to $150.00 and set an “overweight” rating for the company in a research note on Tuesday, January 7th. Citigroup cut their price objective on shares of United Parcel Service from $163.00 to $158.00 and set a “buy” rating on the stock in a research note on Tuesday, November 12th. Oppenheimer increased their target price on shares of United Parcel Service from $140.00 to $146.00 and gave the company an “outperform” rating in a research report on Monday, October 28th. Finally, BMO Capital Markets upgraded shares of United Parcel Service from a “market perform” rating to an “outperform” rating and dropped their price target for the stock from $155.00 to $150.00 in a research report on Tuesday, December 10th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating, fifteen have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $151.24.

Insider Transactions 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 that occurred on 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 completion of the sale, the insider now owns 45,098 shares of the company’s stock, valued at $6,249,229.86. This represents a 13.97 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.13% of the stock is currently owned by company insiders.

United Parcel Service Stock Performance

Shares of UPS stock opened at $133.61 on Friday. United Parcel Service, Inc. has a 1-year low of $121.56 and a 1-year high of $161.35. The company has a market capitalization of $114.01 billion, a price-to-earnings ratio of 20.18, a P/E/G ratio of 1.86 and a beta of 1.00. 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 stock’s fifty day simple moving average is $128.95 and its 200-day simple moving average is $130.82.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings results on Thursday, October 24th. The transportation company reported $1.76 EPS for the quarter, beating the consensus estimate of $1.63 by $0.13. United Parcel Service had a net margin of 6.25% and a return on equity of 37.38%. 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 company posted $1.57 EPS. United Parcel Service’s revenue was up 5.4% on a year-over-year basis. On average, sell-side analysts predict that United Parcel Service, Inc. will post 7.49 earnings per share for the current fiscal year.

United Parcel Service Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 5th. Investors of record on Monday, November 18th were issued a $1.63 dividend. The ex-dividend date of this dividend was Monday, November 18th. This represents a $6.52 dividend on an annualized basis and a yield of 4.88%. United Parcel Service’s dividend payout ratio is currently 98.49%.

United Parcel Service 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.