Royal Fund Management LLC Sells 15,042 Shares of United Parcel Service, Inc. (NYSE:UPS)

Royal Fund Management LLC lessened its position in United Parcel Service, Inc. (NYSE:UPS - Free Report) by 36.7% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 25,890 shares of the transportation company's stock after selling 15,042 shares during the quarter. Royal Fund Management LLC's holdings in United Parcel Service were worth $3,265,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in UPS. Ieq Capital LLC lifted its position in United Parcel Service by 12.0% in the 2nd quarter. Ieq Capital LLC now owns 14,352 shares of the transportation company's stock worth $1,964,000 after buying an additional 1,532 shares in the last quarter. AE Wealth Management LLC raised its holdings in shares of United Parcel Service by 67.1% during the 2nd quarter. AE Wealth Management LLC now owns 28,738 shares of the transportation company's stock valued at $3,933,000 after purchasing an additional 11,537 shares in the last quarter. Sei Investments Co. raised its holdings in shares of 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 purchasing an additional 26,238 shares in the last quarter. Ensign Peak Advisors Inc raised its holdings in shares of 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 valued at $23,251,000 after purchasing an additional 18,535 shares in the last quarter. Finally, Hancock Whitney Corp grew its stake in United Parcel Service by 16.5% in the 2nd quarter. Hancock Whitney Corp now owns 2,487 shares of the transportation company's stock valued at $340,000 after buying an additional 352 shares during the last quarter. Hedge funds and other institutional investors own 60.26% of the company's stock.

United Parcel Service Trading Up 2.5 %

Shares of UPS traded up $3.23 on Tuesday, reaching $132.96. 5,282,480 shares of the company's stock were exchanged, compared to its average volume of 4,633,941. 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 stock has a market capitalization of $113.47 billion, a P/E ratio of 20.08, a price-to-earnings-growth ratio of 1.82 and a beta of 1.00. The business has a 50 day moving average price of $128.92 and a two-hundred day moving average price of $130.83. United Parcel Service, Inc. has a 12 month low of $121.56 and a 12 month high of $161.35.

United Parcel Service (NYSE:UPS - Get Free Report) last issued its earnings results on Thursday, October 24th. The transportation company reported $1.76 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 firm had revenue of $22.20 billion during the quarter, compared to the consensus estimate of $22.10 billion. During the same quarter in the prior year, the firm earned $1.57 earnings per share. The business's quarterly revenue was up 5.4% on a year-over-year basis. Research analysts anticipate that United Parcel Service, Inc. will post 7.49 earnings per share for the current year.

United Parcel Service Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, December 5th. Shareholders of record on Monday, November 18th were paid a $1.63 dividend. This represents a $6.52 annualized dividend and a yield of 4.90%. The ex-dividend date was Monday, November 18th. United Parcel Service's payout ratio is presently 98.49%.

Insider Buying and Selling at United Parcel Service

In other news, insider Norman M. Brothers, Jr. sold 7,325 shares of the 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 of the company's stock, valued at $6,249,229.86. This represents a 13.97 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.13% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on UPS shares. Argus upgraded shares of United Parcel Service from a "hold" rating to a "buy" rating in a research note on Tuesday, November 5th. Evercore ISI raised their price target on shares of United Parcel Service from $138.00 to $141.00 and gave the stock an "in-line" rating in a research report on Tuesday, October 22nd. JPMorgan Chase & Co. raised their price target on shares of United Parcel Service from $134.00 to $135.00 and gave the stock a "neutral" rating in a research report on Tuesday, January 7th. Stifel Nicolaus raised their price target on shares of United Parcel Service from $151.00 to $156.00 and gave the stock a "buy" rating in a research report on Friday, October 25th. Finally, Wells Fargo & Company decreased their price target on shares of United Parcel Service from $155.00 to $150.00 and set an "overweight" rating on the stock in a research report on Tuesday, January 7th. Two 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 currently has a consensus rating of "Moderate Buy" and a consensus price target 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.