Procyon Advisors LLC Sells 10,185 Shares of United Parcel Service, Inc. (NYSE:UPS)

Procyon Advisors LLC decreased its position in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 51.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 9,617 shares of the transportation company's stock after selling 10,185 shares during the quarter. Procyon Advisors LLC's holdings in United Parcel Service were worth $1,213,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. IFS Advisors LLC boosted its holdings 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. True Wealth Design LLC lifted its position in United Parcel Service by 397.7% during 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 period. PSI Advisors LLC boosted its stake in shares of 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 purchasing an additional 200 shares during the last quarter. Princeton Global Asset Management LLC grew its position in shares of United Parcel Service by 720.0% during the 3rd quarter. Princeton Global Asset Management LLC now owns 246 shares of the transportation company's stock worth $34,000 after buying an additional 216 shares during the period. Finally, FSA Wealth Management LLC bought a new stake in shares of United Parcel Service during the third quarter worth approximately $36,000. 60.26% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

UPS has been the subject of a number of analyst reports. Barclays reaffirmed an "underweight" rating and set a $120.00 target price on shares of United Parcel Service in a report on Monday, October 21st. Wells Fargo & Company dropped their price objective on United Parcel Service from $155.00 to $150.00 and set an "overweight" rating for the company in a report on Tuesday, January 7th. StockNews.com upgraded United Parcel Service from a "hold" rating to a "buy" rating in a report on Wednesday, November 6th. Bank of America raised United Parcel Service from a "neutral" rating to a "buy" rating and set a $150.00 price target for the company in a research note on Thursday. Finally, UBS Group lifted their price objective on shares of United Parcel Service from $159.00 to $170.00 and gave the stock a "buy" rating in a research note on Friday, October 25th. 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 assigned a strong buy rating to the company's stock. Based on data from MarketBeat, United Parcel Service currently has an average rating of "Moderate Buy" and an average price target of $151.10.

United Parcel Service Stock Down 0.1 %

Shares of UPS stock traded down $0.17 during trading on Friday, 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 one year low of $121.56 and a one year high of $161.35. The business has a fifty day moving average price of $128.95 and a 200-day moving average price of $130.93. The company has a market cap of $110.74 billion, a price-to-earnings ratio of 19.60, a price-to-earnings-growth ratio of 1.73 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 issued its quarterly earnings results on Thursday, October 24th. The transportation company reported $1.76 EPS for the quarter, topping the consensus estimate of $1.63 by $0.13. The firm had revenue of $22.20 billion for the quarter, compared to analysts' expectations of $22.10 billion. United Parcel Service had a net margin of 6.25% and a return on equity of 37.38%. The company's revenue for the quarter was up 5.4% on a year-over-year basis. During the same period in the previous year, the firm posted $1.57 EPS. Analysts anticipate that United Parcel Service, Inc. will post 7.49 earnings per share for the current year.

United Parcel Service Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 5th. Stockholders of record on Monday, November 18th were paid a dividend of $1.63 per share. This represents a $6.52 dividend on an annualized basis and a dividend yield of 5.02%. The ex-dividend date of this dividend was Monday, November 18th. United Parcel Service's dividend payout ratio is currently 98.49%.

Insider Activity

In other news, insider Norman M. Brothers, Jr. sold 7,325 shares of the business's stock in a transaction dated 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 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.13% of the stock is currently owned by insiders.

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.