Inlet Private Wealth LLC Decreases Position in United Parcel Service, Inc. (NYSE:UPS)

Inlet Private Wealth LLC reduced its position in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 7.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 35,153 shares of the transportation company's stock after selling 2,890 shares during the period. Inlet Private Wealth LLC's holdings in United Parcel Service were worth $4,433,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. True Wealth Design LLC raised its stake in United Parcel Service by 397.7% in the 3rd quarter. True Wealth Design LLC now owns 214 shares of the transportation company's stock valued at $29,000 after purchasing an additional 171 shares during the last quarter. IFS Advisors LLC lifted its stake in shares of United Parcel Service by 232.3% in the fourth quarter. IFS Advisors LLC now owns 216 shares of the transportation company's stock worth $27,000 after buying an additional 151 shares in the last quarter. Princeton Global Asset Management LLC boosted 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 worth $34,000 after acquiring an additional 216 shares during the last quarter. PSI Advisors LLC raised its holdings in United Parcel Service by 408.2% in the 3rd quarter. PSI Advisors LLC now owns 249 shares of the transportation company's stock valued at $34,000 after acquiring an additional 200 shares during the last quarter. Finally, FSA Wealth Management LLC acquired a new stake in United Parcel Service in the 3rd quarter valued at about $36,000. Hedge funds and other institutional investors own 60.26% of the company's stock.

Insider Buying and Selling

In related news, insider Norman M. Brothers, Jr. sold 7,325 shares of the firm'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 value of $1,015,025.25. Following the completion of the transaction, the insider now directly owns 45,098 shares of the company's stock, valued at $6,249,229.86. This trade represents a 13.97 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.13% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on UPS. Oppenheimer upped their price target on United Parcel Service from $140.00 to $146.00 and gave the company an "outperform" rating in a research report on Monday, October 28th. Susquehanna dropped their price objective on shares of United Parcel Service from $140.00 to $130.00 and set a "neutral" rating for the company in a report on Friday. Evercore ISI boosted their target price on shares of United Parcel Service from $141.00 to $147.00 and gave the company an "in-line" rating in a report on Wednesday, January 22nd. Bank of America cut 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. Finally, Morgan Stanley lowered their price objective on United Parcel Service from $100.00 to $82.00 and set an "underweight" rating for the company in a research report on Friday. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $141.95.

United Parcel Service Stock Down 0.6 %

Shares of NYSE:UPS opened at $114.19 on Friday. The firm has a 50 day simple moving average of $128.31 and a 200-day simple moving average of $130.40. United Parcel Service, Inc. has a twelve month low of $109.62 and a twelve month high of $158.95. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.20. The company has a market capitalization of $97.45 billion, a PE ratio of 17.25, a P/E/G ratio of 1.88 and a beta of 1.00.

United Parcel Service (NYSE:UPS - Get Free Report) last released its quarterly earnings data on Thursday, January 30th. The transportation company reported $2.75 earnings per share (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 period in the prior year, the firm earned $2.47 earnings per share. On average, equities analysts predict that United Parcel Service, Inc. will post 7.5 EPS for the current fiscal year.

United Parcel Service Dividend Announcement

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

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