United Parcel Service, Inc. (NYSE:UPS) Shares Acquired by CMG Global Holdings LLC

CMG Global Holdings LLC grew its stake in United Parcel Service, Inc. (NYSE:UPS - Free Report) by 6.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 42,098 shares of the transportation company's stock after purchasing an additional 2,440 shares during the quarter. United Parcel Service makes up approximately 3.1% of CMG Global Holdings LLC's holdings, making the stock its 6th biggest holding. CMG Global Holdings LLC's holdings in United Parcel Service were worth $5,580,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. True Wealth Design LLC raised its holdings in shares of United Parcel Service by 397.7% during the third quarter. True Wealth Design LLC now owns 214 shares of the transportation company's stock worth $29,000 after purchasing an additional 171 shares during the period. IFS Advisors LLC grew its position in shares of United Parcel Service by 232.3% during the 4th quarter. IFS Advisors LLC now owns 216 shares of the transportation company's stock valued at $27,000 after buying an additional 151 shares during the last quarter. Princeton Global Asset Management LLC raised its stake in United Parcel Service by 720.0% during the third quarter. Princeton Global Asset Management LLC now owns 246 shares of the transportation company's stock worth $34,000 after acquiring an additional 216 shares during the period. PSI Advisors LLC lifted its holdings 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 acquiring an additional 200 shares during the last quarter. Finally, FSA Wealth Management LLC acquired a new position in United Parcel Service in the third quarter valued at approximately $36,000. Institutional investors own 60.26% of the company's stock.

Insider Transactions 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 transaction, the insider now owns 45,098 shares of the company's stock, valued at approximately $6,249,229.86. This trade represents a 13.97 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.13% of the stock is owned by insiders.

Wall Street Analyst Weigh In

UPS has been the topic of several recent research reports. Robert W. Baird downgraded United Parcel Service from an "outperform" rating to a "neutral" rating and cut their price target for the stock from $160.00 to $130.00 in a report on Friday. Oppenheimer increased their target price on United Parcel Service from $140.00 to $146.00 and gave the stock an "outperform" rating in a research report on Monday, October 28th. Bank of America reduced their price target on shares of United Parcel Service from $150.00 to $133.00 and set a "buy" rating for the company in a report on Friday. Stifel Nicolaus dropped 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 report on Thursday, January 23rd. Finally, JPMorgan Chase & Co. reduced their target price on shares of United Parcel Service from $135.00 to $120.00 and set a "neutral" rating for the company in a research note on Friday. Two research analysts have rated the stock with a sell rating, six have issued a hold rating, fourteen have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $141.95.

United Parcel Service Price Performance

NYSE UPS traded down $0.71 on Friday, reaching $114.19. The company's stock had a trading volume of 15,842,034 shares, compared to its average volume of 6,791,747. The firm's 50 day moving average is $128.72 and its two-hundred day moving average is $130.61. The stock has a market cap of $97.45 billion, a PE ratio of 17.25, a PEG ratio of 1.88 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, Inc. has a twelve month low of $109.62 and a twelve month high of $158.95.

United Parcel Service (NYSE:UPS - Get Free Report) last released its earnings results 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 6.25% and a return on equity of 37.38%. During the same quarter last year, the firm earned $2.47 earnings per share. As a group, sell-side analysts predict that United Parcel Service, Inc. will post 7.5 EPS for the current year.

United Parcel Service Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, December 5th. Investors of record on Monday, November 18th were issued a $1.63 dividend. This represents a $6.52 dividend on an annualized basis and a dividend yield of 5.71%. The ex-dividend date of this dividend was Monday, November 18th. United Parcel Service's payout ratio is 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.