Sky Investment Group LLC Has $4.26 Million Holdings in United Parcel Service, Inc. (NYSE:UPS)

Sky Investment Group LLC reduced its position in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 6.8% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 33,774 shares of the transportation company's stock after selling 2,476 shares during the period. Sky Investment Group LLC's holdings in United Parcel Service were worth $4,259,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the company. State Street Corp lifted its holdings in United Parcel Service by 2.1% during the 3rd quarter. State Street Corp now owns 29,597,425 shares of the transportation company's stock valued at $4,035,313,000 after purchasing an additional 613,409 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in United Parcel Service by 6.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 21,927,607 shares of the transportation company's stock valued at $2,989,609,000 after purchasing an additional 1,320,921 shares during the last quarter. Geode Capital Management LLC lifted its holdings in United Parcel Service by 2.5% during the 3rd quarter. Geode Capital Management LLC now owns 15,289,624 shares of the transportation company's stock valued at $2,080,170,000 after purchasing an additional 373,202 shares during the last quarter. International Assets Investment Management LLC lifted its holdings in United Parcel Service by 15,779.6% during the 3rd quarter. International Assets Investment Management LLC now owns 14,631,461 shares of the transportation company's stock valued at $1,994,853,000 after purchasing an additional 14,539,321 shares during the last quarter. Finally, FMR LLC lifted its holdings in United Parcel Service by 3.7% during the 3rd quarter. FMR LLC now owns 10,627,550 shares of the transportation company's stock valued at $1,448,960,000 after purchasing an additional 380,229 shares during the last quarter. 60.26% of the stock is owned by institutional investors.

Insider Buying and Selling

In other United Parcel Service news, insider Norman M. Brothers, Jr. sold 7,325 shares of the company's stock in a transaction 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 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.13% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on UPS shares. StockNews.com raised shares of United Parcel Service from a "hold" rating to a "buy" rating in a report on Wednesday, November 6th. BMO Capital Markets upgraded shares of United Parcel Service from a "market perform" rating to an "outperform" rating and lowered their price objective for the company from $155.00 to $150.00 in a research report on Tuesday, December 10th. Evercore ISI raised their price objective on shares of United Parcel Service from $138.00 to $141.00 and gave the company an "in-line" rating in a research report on Tuesday, October 22nd. JPMorgan Chase & Co. lifted 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. Finally, Stifel Nicolaus lifted 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. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating, fifteen have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $151.10.

United Parcel Service Stock Up 2.5 %

Shares of UPS stock traded up $3.23 during trading on Tuesday, reaching $132.96. The company's stock had a trading volume of 5,190,979 shares, compared to its average volume of 4,625,327. The company has a market cap of $113.47 billion, a price-to-earnings ratio of 20.08, a price-to-earnings-growth ratio of 1.82 and a beta of 1.00. 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 $128.92 and a 200-day moving average price of $130.83. 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 earnings results on Thursday, October 24th. The transportation company reported $1.76 earnings per share for the quarter, topping analysts' consensus estimates of $1.63 by $0.13. The business had revenue of $22.20 billion for the quarter, compared to the consensus estimate of $22.10 billion. United Parcel Service had a net margin of 6.25% and a return on equity of 37.38%. The firm's revenue for the quarter was up 5.4% on a year-over-year basis. During the same period in the previous year, the company earned $1.57 earnings per share. 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. Investors 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 dividend on an annualized basis and a yield of 4.90%. United Parcel Service's payout ratio is 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.