United Parcel Service, Inc. (NYSE:UPS) Shares Sold by SteelPeak Wealth LLC

SteelPeak Wealth LLC cut its position in United Parcel Service, Inc. (NYSE:UPS - Free Report) by 85.6% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,580 shares of the transportation company's stock after selling 27,189 shares during the quarter. SteelPeak Wealth LLC's holdings in United Parcel Service were worth $578,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of UPS. Quarry LP increased its position in United Parcel Service by 453.6% during the 2nd quarter. Quarry LP now owns 537 shares of the transportation company's stock valued at $73,000 after buying an additional 440 shares in the last quarter. Sanctuary Advisors LLC purchased a new stake in shares of United Parcel Service during the second quarter worth about $20,309,000. Newbridge Financial Services Group Inc. increased its holdings in shares of United Parcel Service by 67.4% during the second quarter. Newbridge Financial Services Group Inc. now owns 745 shares of the transportation company's stock valued at $102,000 after acquiring an additional 300 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund raised its position in shares of United Parcel Service by 47,670.7% in the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 450,000 shares of the transportation company's stock valued at $61,582,000 after purchasing an additional 449,058 shares during the last quarter. Finally, Neville Rodie & Shaw Inc. boosted its stake in United Parcel Service by 3.8% in the 3rd quarter. Neville Rodie & Shaw Inc. now owns 10,000 shares of the transportation company's stock worth $1,363,000 after purchasing an additional 365 shares in the last quarter. 60.26% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at United Parcel Service

In related news, insider Norman M. Brothers, Jr. sold 7,325 shares of the 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 completion of the transaction, the insider now directly owns 45,098 shares in the company, valued at approximately $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 SEC, which is accessible through this link. Insiders own 0.13% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. UBS Group cut their price target on shares of United Parcel Service from $170.00 to $141.00 and set a "buy" rating on the stock in a research note on Friday. Evercore ISI upped their target price on United Parcel Service from $141.00 to $147.00 and gave the company an "in-line" rating in a research report on Wednesday, January 22nd. Robert W. Baird cut United Parcel Service from an "outperform" rating to a "neutral" rating and lowered their price target for the stock from $160.00 to $130.00 in a research report on Friday. Stifel Nicolaus cut their price objective on United Parcel Service from $156.00 to $153.00 and set a "buy" rating on the stock in a report on Thursday, January 23rd. Finally, JPMorgan Chase & Co. decreased their price objective on shares of United Parcel Service from $135.00 to $120.00 and set a "neutral" rating for the company in a research note on Friday. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, fourteen have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, United Parcel Service presently has an average rating of "Moderate Buy" and an average price target of $141.95.

United Parcel Service Price Performance

Shares of NYSE:UPS traded down $0.71 during midday trading on Friday, hitting $114.19. The company had a trading volume of 15,842,034 shares, compared to its average volume of 6,791,747. The business's 50-day simple moving average is $128.72 and its 200-day simple moving average is $130.61. The stock has a market cap of $97.45 billion, a price-to-earnings ratio of 17.25, a price-to-earnings-growth ratio of 1.88 and a beta of 1.00. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.14 and a quick ratio of 1.14. United Parcel Service, Inc. has a twelve month low of $109.62 and a twelve month high of $158.95.

United Parcel Service (NYSE:UPS - Get Free Report) last posted its quarterly earnings results on Thursday, January 30th. The transportation company reported $2.75 EPS for the quarter, topping the consensus estimate of $2.52 by $0.23. United Parcel Service had a return on equity of 37.38% and a net margin of 6.25%. During the same quarter last year, the firm posted $2.47 EPS. On average, research analysts predict that United Parcel Service, Inc. will post 7.5 earnings per share for the current year.

United Parcel Service Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, December 5th. Stockholders of record on Monday, November 18th were paid a $1.63 dividend. 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 dividend payout ratio (DPR) is 98.49%.

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.