ERTS Wealth Advisors LLC Reduces Stock Position in United Parcel Service, Inc. (NYSE:UPS)

ERTS Wealth Advisors LLC trimmed its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 21.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 2,021 shares of the transportation company’s stock after selling 563 shares during the quarter. ERTS Wealth Advisors LLC’s holdings in United Parcel Service were worth $255,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. IFS Advisors LLC lifted its holdings in shares of United Parcel Service by 232.3% in the fourth quarter. IFS Advisors LLC now owns 216 shares of the transportation company’s stock worth $27,000 after buying an additional 151 shares in the last quarter. True Wealth Design LLC lifted its stake in United Parcel Service by 397.7% in the 3rd quarter. True Wealth Design LLC now owns 214 shares of the transportation company’s stock worth $29,000 after purchasing an additional 171 shares in the last quarter. PSI Advisors LLC boosted its holdings in 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 period. Princeton Global Asset Management LLC increased its holdings in shares of United Parcel Service by 720.0% in the third quarter. Princeton Global Asset Management LLC now owns 246 shares of the transportation company’s stock worth $34,000 after purchasing an additional 216 shares during the period. Finally, FSA Wealth Management LLC purchased a new stake in shares of United Parcel Service in the third quarter worth $36,000. Institutional investors own 60.26% of the company’s stock.

United Parcel Service Trading Up 2.5 %

NYSE UPS opened at $132.96 on Wednesday. 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, Inc. has a fifty-two week low of $121.56 and a fifty-two week high of $161.35. The stock has a market cap 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 stock has a 50 day simple moving average of $128.97 and a two-hundred day simple moving average of $130.81.

United Parcel Service (NYSE:UPS) last released its quarterly earnings results on Thursday, October 24th. The transportation company reported $1.76 earnings per share 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 business had revenue of $22.20 billion for the quarter, compared to analysts’ expectations of $22.10 billion. During the same quarter in the previous year, the business posted $1.57 earnings per share. The firm’s revenue for the quarter was up 5.4% compared to the same quarter last year. On average, analysts forecast that United Parcel Service, Inc. will post 7.49 earnings per share for the current year.

United Parcel Service Dividend Announcement

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

Analysts Set New Price Targets

UPS has been the topic of a number of research analyst reports. Citigroup decreased their target price on United Parcel Service from $163.00 to $158.00 and set a “buy” rating on the stock in a research note on Tuesday, November 12th. UBS Group raised their target price on shares of United Parcel Service from $159.00 to $170.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Stifel Nicolaus boosted 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 note on Friday, October 25th. StockNews.com upgraded shares of United Parcel Service from a “hold” rating to a “buy” rating in a research report on Wednesday, November 6th. Finally, Wolfe Research upgraded shares of United Parcel Service from a “peer perform” rating to an “outperform” rating and set a $147.00 target price for the company in a research report on Wednesday, January 8th. Two analysts have rated the stock with a sell rating, five have given a hold rating, fifteen have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $151.38.

Insider Buying and Selling at United Parcel Service

In other United Parcel Service news, insider Norman M. Brothers, Jr. sold 7,325 shares of the business’s stock in a transaction 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 sale, the insider now directly owns 45,098 shares of the company’s stock, valued at approximately $6,249,229.86. The trade was a 13.97 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.13% of the company’s stock.

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.