Daymark Wealth Partners LLC lessened its position in United Parcel Service, Inc. (NYSE:UPS – Free Report) by 69.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 21,794 shares of the transportation company’s stock after selling 50,601 shares during the period. Daymark Wealth Partners LLC’s holdings in United Parcel Service were worth $2,748,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently modified their holdings of the company. True Wealth Design LLC grew its stake in shares of United Parcel Service by 397.7% in the third quarter. True Wealth Design LLC now owns 214 shares of the transportation company’s stock worth $29,000 after purchasing an additional 171 shares during the last quarter. IFS Advisors LLC lifted its holdings in United Parcel Service by 232.3% in the 4th quarter. IFS Advisors LLC now owns 216 shares of the transportation company’s stock worth $27,000 after buying an additional 151 shares during the period. Princeton Global Asset Management LLC grew its position in shares of United Parcel Service by 720.0% in the 3rd quarter. Princeton Global Asset Management LLC now owns 246 shares of the transportation company’s stock worth $34,000 after buying an additional 216 shares during the last quarter. PSI Advisors LLC increased its stake in shares of United Parcel Service by 408.2% during the third quarter. PSI Advisors LLC now owns 249 shares of the transportation company’s stock valued at $34,000 after buying an additional 200 shares during the period. Finally, FSA Wealth Management LLC bought a new position in shares of United Parcel Service during the third quarter valued at approximately $36,000. Hedge funds and other institutional investors own 60.26% of the company’s stock.
Wall Street Analysts Forecast Growth
Several research firms recently weighed in on UPS. UBS Group lifted their price target on shares of United Parcel Service from $159.00 to $170.00 and gave the company a “buy” rating in a report on Friday, October 25th. The Goldman Sachs Group cut their target price on shares of United Parcel Service from $165.00 to $162.00 and set a “buy” rating on the stock in a research note on Wednesday, October 9th. Stifel Nicolaus increased 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. Wolfe Research raised United Parcel Service from a “peer perform” rating to an “outperform” rating and set a $147.00 price objective on the stock in a research report on Wednesday, January 8th. Finally, Argus upgraded United Parcel Service from a “hold” rating to a “buy” rating in a report on Tuesday, November 5th. Two analysts have rated the stock with a sell rating, five have given a hold rating, fifteen have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, United Parcel Service has an average rating of “Moderate Buy” and a consensus target price of $151.38.
United Parcel Service Trading Down 0.2 %
Shares of NYSE UPS opened at $132.59 on Thursday. The firm’s 50 day moving average price is $128.97 and its 200-day moving average price is $130.81. United Parcel Service, Inc. has a 52-week low of $121.56 and a 52-week high of $161.35. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.14 and a current ratio of 1.14. The company has a market cap of $113.15 billion, a PE ratio of 20.03, a P/E/G ratio of 1.87 and a beta of 1.00.
United Parcel Service (NYSE:UPS – Get Free Report) last announced its quarterly earnings data 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. United Parcel Service had a net margin of 6.25% and a return on equity of 37.38%. The company had revenue of $22.20 billion during the quarter, compared to analyst estimates of $22.10 billion. During the same period in the previous year, the business earned $1.57 EPS. The firm’s revenue for the quarter was up 5.4% on a year-over-year basis. On average, equities research analysts expect that United Parcel Service, Inc. will post 7.49 EPS 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 issued a dividend of $1.63 per share. This represents a $6.52 dividend on an annualized basis and a dividend yield of 4.92%. The ex-dividend date was Monday, November 18th. United Parcel Service’s payout ratio is currently 98.49%.
Insider Activity at United Parcel Service
In related news, insider Norman M. Brothers, Jr. sold 7,325 shares of the firm’s stock in a transaction that occurred 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 sale, the insider now owns 45,098 shares in the company, valued at approximately $6,249,229.86. This trade represents a 13.97 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.13% of the stock is currently owned by insiders.
About United Parcel Service
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.
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