Arkadios Wealth Advisors Has $2.20 Million Stake in United Parcel Service, Inc. (NYSE:UPS)

Arkadios Wealth Advisors lowered its stake in United Parcel Service, Inc. (NYSE:UPS - Free Report) by 21.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,473 shares of the transportation company's stock after selling 4,895 shares during the quarter. Arkadios Wealth Advisors' holdings in United Parcel Service were worth $2,203,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of UPS. State Street Corp grew its holdings in shares of United Parcel Service by 2.1% during the third quarter. State Street Corp now owns 29,597,425 shares of the transportation company's stock valued at $4,035,313,000 after buying an additional 613,409 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in United Parcel Service by 6.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 21,927,607 shares of the transportation company's stock valued at $2,989,609,000 after acquiring an additional 1,320,921 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of United Parcel Service by 2.5% during the third quarter. Geode Capital Management LLC now owns 15,289,624 shares of the transportation company's stock worth $2,080,170,000 after purchasing an additional 373,202 shares during the period. International Assets Investment Management LLC grew its position in United Parcel Service by 15,779.6% during the third quarter. International Assets Investment Management LLC now owns 14,631,461 shares of the transportation company's stock valued at $1,994,853,000 after purchasing an additional 14,539,321 shares in the last quarter. Finally, FMR LLC lifted its position in United Parcel Service by 3.7% in the 3rd quarter. FMR LLC now owns 10,627,550 shares of the transportation company's stock worth $1,448,960,000 after buying an additional 380,229 shares in the last quarter. Institutional investors and hedge funds own 60.26% of the company's stock.

Insider Activity at United Parcel Service

In related news, insider Norman M. Brothers, Jr. sold 7,325 shares of United Parcel Service 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 completion of the sale, the insider now directly owns 45,098 shares in the company, valued at $6,249,229.86. This trade 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 can be accessed through the SEC website. 0.13% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. Wells Fargo & Company lowered their price target on shares of United Parcel Service from $155.00 to $150.00 and set an "overweight" rating on the stock in a report on Tuesday, January 7th. The Goldman Sachs Group lowered their target price 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. Bank of America raised United Parcel Service from a "neutral" rating to a "buy" rating and set a $150.00 price target for the company in a research note on Thursday. Barclays reissued an "underweight" rating and issued a $120.00 price target on shares of United Parcel Service in a research note on Monday, October 21st. Finally, Wolfe Research upgraded United Parcel Service from a "peer perform" rating to an "outperform" rating and set a $147.00 price objective on the stock in a report on Wednesday, January 8th. Two research 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 company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $151.10.

United Parcel Service Price Performance

Shares of United Parcel Service stock traded down $0.17 during mid-day trading on Friday, reaching $129.77. 4,260,034 shares of the stock were exchanged, compared to its average volume of 3,680,905. United Parcel Service, Inc. has a fifty-two week low of $121.56 and a fifty-two week high of $161.35. The company has a market cap of $110.74 billion, a price-to-earnings ratio of 19.60, a price-to-earnings-growth ratio of 1.73 and a beta of 1.00. The firm has a 50-day simple moving average of $128.95 and a 200 day simple moving average of $130.90. 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 - Get Free Report) last posted its earnings results on Thursday, October 24th. The transportation company reported $1.76 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 company had revenue of $22.20 billion during the quarter, compared to analysts' expectations of $22.10 billion. During the same quarter in the previous year, the company posted $1.57 earnings per share. United Parcel Service's quarterly revenue was up 5.4% compared to the same quarter last year. On average, sell-side analysts predict that United Parcel Service, Inc. will post 7.49 EPS for the current fiscal year.

United Parcel Service Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 5th. Stockholders of record on Monday, November 18th were paid 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 dividend yield of 5.02%. United Parcel Service's dividend payout ratio (DPR) is presently 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.