Gilbert & Cook Inc. Cuts Stock Holdings in United Parcel Service, Inc. (NYSE:UPS)

Gilbert & Cook Inc. trimmed its position in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 6.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 52,140 shares of the transportation company's stock after selling 3,419 shares during the period. United Parcel Service makes up 0.9% of Gilbert & Cook Inc.'s portfolio, making the stock its 13th biggest holding. Gilbert & Cook Inc.'s holdings in United Parcel Service were worth $6,575,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in UPS. Quarry LP grew its holdings in shares of United Parcel Service by 453.6% during the second quarter. Quarry LP now owns 537 shares of the transportation company's stock worth $73,000 after buying an additional 440 shares in the last quarter. B. Riley Wealth Advisors Inc. lifted its position in shares of United Parcel Service by 8.3% during the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 24,205 shares of the transportation company's stock valued at $3,312,000 after acquiring an additional 1,863 shares during the period. 3Chopt Investment Partners LLC bought a new stake in shares of United Parcel Service during the 2nd quarter valued at $363,000. New Wave Wealth Advisors LLC acquired a new stake in shares of United Parcel Service in the 2nd quarter valued at approximately $231,000. Finally, Farmers National Bank raised its position in United Parcel Service by 0.6% in the second quarter. Farmers National Bank now owns 29,366 shares of the transportation company's stock valued at $4,019,000 after purchasing an additional 185 shares during the last quarter. Institutional investors and hedge funds own 60.26% of the company's stock.

United Parcel Service Stock Down 14.1 %

Shares of United Parcel Service stock traded down $18.84 during trading on Thursday, reaching $114.94. The company had a trading volume of 41,110,148 shares, compared to its average volume of 6,311,740. 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 fifty-two week low of $109.62 and a fifty-two week high of $158.95. The firm's fifty day moving average is $129.05 and its 200-day moving average is $130.72. The company has a market cap of $98.09 billion, a price-to-earnings ratio of 17.36, a price-to-earnings-growth ratio of 1.86 and a beta of 1.00.

United Parcel Service (NYSE:UPS - Get Free Report) last issued its quarterly earnings results on Thursday, January 30th. The transportation company reported $2.75 earnings per share for the quarter, beating analysts' consensus estimates 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 period in the prior year, the business posted $2.47 earnings per share. On average, analysts anticipate that United Parcel Service, Inc. will post 7.49 EPS for the current year.

United Parcel Service Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, December 5th. Investors of record on Monday, November 18th were given a dividend of $1.63 per share. This represents a $6.52 dividend on an annualized basis and a yield of 5.67%. The ex-dividend date was Monday, November 18th. United Parcel Service's dividend payout ratio (DPR) is presently 98.49%.

Insider Activity at United Parcel Service

In other 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 sale, the insider now owns 45,098 shares in the company, 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 link. 0.13% of the stock is owned by insiders.

Analysts Set New Price Targets

UPS has been the subject of several research analyst reports. BMO Capital Markets raised United Parcel Service from a "market perform" rating to an "outperform" rating and lowered their price objective for the stock from $155.00 to $150.00 in a research report on Tuesday, December 10th. Barclays restated an "underweight" rating and set a $120.00 price target on shares of United Parcel Service in a research report on Monday, October 21st. Oppenheimer upped their target price on shares of United Parcel Service from $140.00 to $146.00 and gave the stock an "outperform" rating in a research report on Monday, October 28th. Susquehanna upped their price objective on shares of United Parcel Service from $135.00 to $140.00 and gave the company a "neutral" rating in a research note on Friday, October 25th. Finally, Argus raised shares of United Parcel Service from a "hold" rating to a "buy" rating in a research note on Tuesday, November 5th. Two research analysts have rated the stock with a sell rating, five have given a hold rating, fifteen have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, United Parcel Service has an average rating of "Moderate Buy" and an average price target of $151.24.

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.