Gilman Hill Asset Management LLC Sells 4,942 Shares of United Parcel Service, Inc. (NYSE:UPS)

Gilman Hill Asset Management LLC lessened its holdings in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 8.4% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 53,858 shares of the transportation company's stock after selling 4,942 shares during the quarter. United Parcel Service comprises approximately 1.2% of Gilman Hill Asset Management LLC's holdings, making the stock its 26th largest position. Gilman Hill Asset Management LLC's holdings in United Parcel Service were worth $6,791,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of UPS. International Assets Investment Management LLC increased its stake in United Parcel Service by 15,779.6% in the 3rd quarter. International Assets Investment Management LLC now owns 14,631,461 shares of the transportation company's stock worth $1,994,853,000 after purchasing an additional 14,539,321 shares in the last quarter. Marshall Wace LLP raised its holdings in shares of United Parcel Service by 284.8% during the second quarter. Marshall Wace LLP now owns 2,569,831 shares of the transportation company's stock valued at $351,681,000 after acquiring an additional 1,901,914 shares during the period. Two Sigma Advisers LP lifted its position in shares of United Parcel Service by 833.4% in the 3rd quarter. Two Sigma Advisers LP now owns 2,074,100 shares of the transportation company's stock valued at $282,783,000 after acquiring an additional 1,851,900 shares in the last quarter. Van ECK Associates Corp boosted its stake in United Parcel Service by 1,061.1% in the 3rd quarter. Van ECK Associates Corp now owns 1,772,765 shares of the transportation company's stock worth $232,959,000 after purchasing an additional 1,620,091 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its position 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 worth $2,989,609,000 after purchasing an additional 1,320,921 shares in the last quarter. Institutional investors and hedge funds own 60.26% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently commented on UPS. The Goldman Sachs Group decreased their target price on United Parcel Service from $165.00 to $162.00 and set a "buy" rating for the company in a research report on Wednesday, October 9th. Wells Fargo & Company lowered 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 dropped their price target 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. Wolfe Research raised shares of United Parcel Service from a "peer perform" rating to an "outperform" rating and set a $147.00 price objective for the company in a research note on Wednesday, January 8th. Finally, Bank of America raised shares of United Parcel Service from a "neutral" rating to a "buy" rating and set a $150.00 target price on the stock in a research report on Thursday. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating, fifteen have issued a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $151.10.

United Parcel Service Price Performance

Shares of NYSE:UPS traded down $0.17 during midday trading on Monday, reaching $129.77. The company's stock had a trading volume of 4,260,034 shares, 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 business's fifty day simple moving average is $128.95 and its 200-day simple moving average is $130.87. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.14 and a quick ratio of 1.14. The company has a market capitalization of $110.74 billion, a P/E ratio of 19.60, a P/E/G ratio of 1.73 and a beta of 1.00.

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, beating analysts' consensus estimates of $1.63 by $0.13. The business had revenue of $22.20 billion during the quarter, compared to analyst estimates of $22.10 billion. United Parcel Service had a net margin of 6.25% and a return on equity of 37.38%. United Parcel Service's revenue for the quarter was up 5.4% compared to the same quarter last year. During the same quarter last year, the business posted $1.57 earnings per share. As a group, equities research analysts expect that United Parcel Service, Inc. will post 7.49 EPS for the current fiscal year.

United Parcel Service Announces Dividend

The company also recently declared 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 annualized dividend and a yield of 5.02%. The ex-dividend date of this dividend was Monday, November 18th. United Parcel Service's dividend payout ratio is 98.49%.

Insiders Place Their Bets

In other United Parcel Service news, insider Norman M. Brothers, Jr. sold 7,325 shares of the company's stock in a transaction on 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 owns 45,098 shares in the company, valued at approximately $6,249,229.86. The trade was a 13.97 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.13% of the company's stock.

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.