Institute for Wealth Management LLC. Sells 2,763 Shares of United Parcel Service, Inc. (NYSE:UPS)

Institute for Wealth Management LLC. lessened its position in United Parcel Service, Inc. (NYSE:UPS - Free Report) by 21.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,234 shares of the transportation company's stock after selling 2,763 shares during the quarter. Institute for Wealth Management LLC.'s holdings in United Parcel Service were worth $1,290,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. True Wealth Design LLC increased its stake in United Parcel Service by 397.7% in the third quarter. True Wealth Design LLC now owns 214 shares of the transportation company's stock valued at $29,000 after acquiring an additional 171 shares during the last quarter. IFS Advisors LLC increased its stake in United Parcel Service by 232.3% in the fourth quarter. IFS Advisors LLC now owns 216 shares of the transportation company's stock valued at $27,000 after acquiring an additional 151 shares during the last quarter. Princeton Global Asset Management LLC increased its stake in United Parcel Service by 720.0% in the third quarter. Princeton Global Asset Management LLC now owns 246 shares of the transportation company's stock valued at $34,000 after acquiring an additional 216 shares during the last quarter. PSI Advisors LLC grew its stake in shares of 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 last quarter. Finally, FSA Wealth Management LLC bought a new position in shares of United Parcel Service during the third quarter valued at about $36,000. Institutional investors own 60.26% of the company's stock.

Insider Activity

In related news, insider Norman M. Brothers, Jr. sold 7,325 shares of the business's stock in a transaction that occurred on Monday, November 25th. The shares were 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 in the company, valued at $6,249,229.86. The trade was a 13.97 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.13% of the company's stock.

Analysts Set New Price Targets

UPS has been the topic of a number of recent research reports. JPMorgan Chase & Co. reduced their price objective on United Parcel Service from $135.00 to $120.00 and set a "neutral" rating on the stock in a research note on Friday. The Goldman Sachs Group reduced their price objective on United Parcel Service from $166.00 to $147.00 and set a "buy" rating on the stock in a research note on Friday. Morgan Stanley reduced their price objective on United Parcel Service from $100.00 to $82.00 and set an "underweight" rating on the stock in a research note on Friday. UBS Group reduced their price objective on United Parcel Service from $170.00 to $141.00 and set a "buy" rating on the stock in a research note on Friday. Finally, Barclays reissued an "underweight" rating and issued a $120.00 target price on shares of United Parcel Service in a research note on Monday, October 21st. Two research analysts have rated the stock with a sell rating, six have given a hold rating, fourteen have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, United Parcel Service currently has an average rating of "Moderate Buy" and an average target price of $141.95.

United Parcel Service Stock Down 0.6 %

Shares of UPS stock traded down $0.71 during trading hours on Friday, hitting $114.19. 15,842,034 shares of the company's stock traded hands, compared to its average volume of 6,791,747. The stock's fifty day simple moving average is $128.72 and its two-hundred day simple moving average is $130.61. United Parcel Service, Inc. has a 12-month low of $109.62 and a 12-month high of $158.95. The stock has a market cap of $97.45 billion, a price-to-earnings ratio of 17.25, a PEG ratio of 1.88 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.

United Parcel Service (NYSE:UPS - Get Free Report) last released its earnings results 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 quarter last year, the business earned $2.47 earnings per share. On average, analysts expect that United Parcel Service, Inc. will post 7.5 EPS for the current year.

United Parcel Service Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 5th. Stockholders of record on Monday, November 18th were issued a dividend of $1.63 per share. The ex-dividend date was Monday, November 18th. This represents a $6.52 annualized dividend and a dividend yield of 5.71%. United Parcel Service's payout ratio is 98.49%.

About United Parcel Service

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.