United Parcel Service, Inc. (NYSE:UPS) Shares Sold by MassMutual Private Wealth & Trust FSB

MassMutual Private Wealth & Trust FSB lessened its stake in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 6.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 31,076 shares of the transportation company's stock after selling 2,135 shares during the quarter. MassMutual Private Wealth & Trust FSB's holdings in United Parcel Service were worth $3,919,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Ieq Capital LLC increased its holdings in shares of United Parcel Service by 12.0% in the 2nd quarter. Ieq Capital LLC now owns 14,352 shares of the transportation company's stock valued at $1,964,000 after acquiring an additional 1,532 shares during the period. AE Wealth Management LLC grew its holdings in shares of United Parcel Service by 67.1% during the second quarter. AE Wealth Management LLC now owns 28,738 shares of the transportation company's stock worth $3,933,000 after buying an additional 11,537 shares during the last quarter. Sei Investments Co. raised its stake in United Parcel Service by 9.4% during the 2nd quarter. Sei Investments Co. now owns 306,009 shares of the transportation company's stock valued at $41,875,000 after acquiring an additional 26,238 shares during the last quarter. Ensign Peak Advisors Inc lifted its position in United Parcel Service by 12.2% during the 2nd quarter. Ensign Peak Advisors Inc now owns 169,903 shares of the transportation company's stock worth $23,251,000 after acquiring an additional 18,535 shares during the period. Finally, Hancock Whitney Corp increased its holdings in shares of United Parcel Service by 16.5% in the second quarter. Hancock Whitney Corp now owns 2,487 shares of the transportation company's stock valued at $340,000 after purchasing an additional 352 shares during the period. 60.26% of the stock is currently 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 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 transaction, the insider now directly owns 45,098 shares of the company's stock, 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 the SEC website. 0.13% of the stock is currently owned by corporate insiders.

United Parcel Service Stock Up 1.7 %

Shares of NYSE UPS traded up $2.15 on Tuesday, hitting $131.88. The company had a trading volume of 3,182,133 shares, compared to its average volume of 4,449,164. 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, Inc. has a 12-month low of $121.56 and a 12-month high of $161.35. The firm has a market capitalization of $112.54 billion, a P/E ratio of 19.94, a PEG ratio of 1.82 and a beta of 1.00. The business has a 50 day moving average of $128.92 and a two-hundred day moving average of $130.83.

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

United Parcel Service Dividend Announcement

The company 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. The ex-dividend date was Monday, November 18th. This represents a $6.52 dividend on an annualized basis and a yield of 4.94%. United Parcel Service's dividend payout ratio is currently 98.49%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on UPS shares. JPMorgan Chase & Co. increased their price target on United Parcel Service from $134.00 to $135.00 and gave the stock a "neutral" rating in a report on Tuesday, January 7th. UBS Group raised their target price on United Parcel Service from $159.00 to $170.00 and gave the company a "buy" rating in a report on Friday, October 25th. Wells Fargo & Company decreased their price objective on shares of United Parcel Service from $155.00 to $150.00 and set an "overweight" rating on the stock in a report on Tuesday, January 7th. The Goldman Sachs Group reduced their price objective on United Parcel Service from $165.00 to $162.00 and set a "buy" rating for the company in a report on Wednesday, October 9th. Finally, Bank of America upgraded shares of United Parcel Service from a "neutral" rating to a "buy" rating and set a $150.00 target price for the company in a report on Thursday, January 16th. Two investment 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 stock. Based on data from MarketBeat, United Parcel Service has a consensus rating of "Moderate Buy" and a consensus target price of $151.10.

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.