Woodstock Corp Sells 3,071 Shares of United Parcel Service, Inc. (NYSE:UPS)

Woodstock Corp cut its holdings in United Parcel Service, Inc. (NYSE:UPS - Free Report) by 6.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 41,766 shares of the transportation company's stock after selling 3,071 shares during the period. Woodstock Corp's holdings in United Parcel Service were worth $5,267,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in UPS. State Street Corp grew its holdings in United Parcel Service by 2.1% in the third quarter. State Street Corp now owns 29,597,425 shares of the transportation company's stock worth $4,035,313,000 after purchasing an additional 613,409 shares during the period. Charles Schwab Investment Management Inc. grew its stake in shares of United Parcel Service by 6.4% in 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 buying an additional 1,320,921 shares during the period. Geode Capital Management LLC increased its position in United Parcel Service by 2.5% in 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 buying an additional 373,202 shares in the last quarter. International Assets Investment Management LLC raised its stake 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 worth $1,994,853,000 after buying an additional 14,539,321 shares during the period. Finally, FMR LLC boosted its holdings in United Parcel Service by 3.7% in the third quarter. FMR LLC now owns 10,627,550 shares of the transportation company's stock worth $1,448,960,000 after acquiring an additional 380,229 shares in the last quarter. 60.26% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, insider Norman M. Brothers, Jr. sold 7,325 shares of the business's 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 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. Company insiders own 0.13% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on UPS shares. StockNews.com raised United Parcel Service from a "hold" rating to a "buy" rating in a research report on Wednesday, November 6th. Wells Fargo & Company dropped 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 research note on Tuesday, January 7th. Susquehanna boosted their target price on shares of United Parcel Service from $135.00 to $140.00 and gave the stock a "neutral" rating in a research report on Friday, October 25th. BMO Capital Markets upgraded shares of United Parcel Service from a "market perform" rating to an "outperform" rating and lowered their target price for the stock from $155.00 to $150.00 in a report on Tuesday, December 10th. Finally, Wolfe Research upgraded United Parcel Service from a "peer perform" rating to an "outperform" rating and set a $147.00 price target for the company in a research note on Wednesday, January 8th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, fifteen have assigned a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $151.10.

United Parcel Service Stock Performance

UPS traded down $0.17 during midday trading on Friday, reaching $129.77. The company had a trading volume of 4,246,512 shares, compared to its average volume of 4,473,764. United Parcel Service, Inc. has a 12-month low of $121.56 and a 12-month high of $161.35. The business has a 50-day moving average price of $129.01 and a two-hundred day moving average price of $130.97. The stock has a market cap of $110.74 billion, a PE ratio of 19.60, a P/E/G ratio of 1.73 and a beta of 1.00. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.14 and a current ratio of 1.14.

United Parcel Service (NYSE:UPS - Get Free Report) last posted its quarterly earnings data 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 return on equity of 37.38% and a net margin of 6.25%. The business had revenue of $22.20 billion for the quarter, compared to the consensus estimate of $22.10 billion. During the same quarter in the prior year, the business earned $1.57 earnings per share. United Parcel Service's revenue for the quarter was up 5.4% on a year-over-year basis. On average, sell-side analysts expect that United Parcel Service, Inc. will post 7.49 earnings per share for the current fiscal year.

United Parcel Service Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 5th. Stockholders of record on Monday, November 18th were given a $1.63 dividend. This represents a $6.52 annualized dividend 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 (DPR) is currently 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.