Diversify Advisory Services LLC Reduces Position in United Parcel Service, Inc. (NYSE:UPS)

Diversify Advisory Services LLC cut its stake in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 64.0% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,586 shares of the transportation company's stock after selling 13,498 shares during the period. Diversify Advisory Services LLC's holdings in United Parcel Service were worth $935,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. True Wealth Design LLC raised its position in United Parcel Service by 397.7% during the third quarter. True Wealth Design LLC now owns 214 shares of the transportation company's stock valued at $29,000 after buying an additional 171 shares during the period. IFS Advisors LLC raised its position in 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 buying an additional 151 shares during the period. Princeton Global Asset Management LLC raised its position 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 valued at $34,000 after buying an additional 216 shares during the period. PSI Advisors LLC raised its position in United Parcel Service by 408.2% during the third quarter. PSI Advisors LLC now owns 249 shares of the transportation company's stock valued at $34,000 after buying an additional 200 shares during the period. Finally, FSA Wealth Management LLC acquired a new position in United Parcel Service during the third quarter valued at $36,000. 60.26% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling 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 dated Monday, November 25th. The shares were 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 directly owns 45,098 shares in the company, valued at $6,249,229.86. This represents a 13.97 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 0.13% of the company's stock.

United Parcel Service Price Performance

Shares of UPS stock traded up $3.23 during trading hours on Tuesday, reaching $132.96. The company's stock had a trading volume of 5,282,480 shares, compared to its average volume of 4,633,941. 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 capitalization of $113.47 billion, a price-to-earnings ratio of 20.08, a PEG ratio of 1.82 and a beta of 1.00. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.20. The firm's 50 day simple moving average is $128.92 and its 200-day simple moving average is $130.83.

United Parcel Service (NYSE:UPS - Get Free Report) last issued its quarterly earnings results on Thursday, October 24th. The transportation company reported $1.76 earnings per share for the quarter, topping analysts' consensus estimates of $1.63 by $0.13. The firm had revenue of $22.20 billion during the quarter, compared to the consensus estimate of $22.10 billion. United Parcel Service had a return on equity of 37.38% and a net margin of 6.25%. The business's revenue was up 5.4% compared to the same quarter last year. During the same period last year, the business posted $1.57 EPS. Sell-side analysts forecast that United Parcel Service, Inc. will post 7.49 earnings per share for the current year.

United Parcel Service Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 5th. Shareholders of record on Monday, November 18th were issued a dividend of $1.63 per share. 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 4.90%. United Parcel Service's payout ratio is 98.49%.

Analyst Ratings Changes

Several brokerages have weighed in on UPS. Stifel Nicolaus upped their target price on United Parcel Service from $151.00 to $156.00 and gave the stock a "buy" rating in a research report on Friday, October 25th. Barclays reiterated an "underweight" rating and set a $120.00 price target on shares of United Parcel Service in a research note on Monday, October 21st. Evercore ISI upped their price target on United Parcel Service from $138.00 to $141.00 and gave the stock an "in-line" rating in a research note on Tuesday, October 22nd. BMO Capital Markets upgraded United Parcel Service from a "market perform" rating to an "outperform" rating and decreased their price target for the stock from $155.00 to $150.00 in a research note on Tuesday, December 10th. Finally, Bank of America upgraded 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, January 16th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating, fifteen have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $151.10.

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.