United Parcel Service, Inc. $UPS Holdings Trimmed by Sound Income Strategies LLC

by · The Cerbat Gem

Sound Income Strategies LLC trimmed its position in shares of United Parcel Service, Inc. (NYSE:UPSFree Report) by 4.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 159,436 shares of the transportation company’s stock after selling 8,126 shares during the period. Sound Income Strategies LLC’s holdings in United Parcel Service were worth $17,045,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Salzhauer Michael purchased a new position in United Parcel Service during the 3rd quarter worth approximately $31,000. Physician Wealth Advisors Inc. grew its position in United Parcel Service by 76.5% during the 3rd quarter. Physician Wealth Advisors Inc. now owns 376 shares of the transportation company’s stock worth $31,000 after purchasing an additional 163 shares in the last quarter. Avion Wealth grew its position in United Parcel Service by 284.1% during the 3rd quarter. Avion Wealth now owns 434 shares of the transportation company’s stock worth $36,000 after purchasing an additional 321 shares in the last quarter. Princeton Global Asset Management LLC grew its position in United Parcel Service by 241.4% during the 4th quarter. Princeton Global Asset Management LLC now owns 454 shares of the transportation company’s stock worth $45,000 after purchasing an additional 321 shares in the last quarter. Finally, Winch Advisory Services LLC grew its position in United Parcel Service by 37.3% during the 3rd quarter. Winch Advisory Services LLC now owns 456 shares of the transportation company’s stock worth $38,000 after purchasing an additional 124 shares in the last quarter. 60.26% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

UPS has been the topic of several research analyst reports. UBS Group boosted their price target on shares of United Parcel Service from $116.00 to $125.00 and gave the company a “buy” rating in a report on Wednesday, January 28th. Citigroup lowered their price target on shares of United Parcel Service from $126.00 to $120.00 and set a “buy” rating on the stock in a report on Wednesday, January 28th. Susquehanna boosted their price target on shares of United Parcel Service from $105.00 to $115.00 and gave the company a “neutral” rating in a report on Tuesday, January 20th. Wells Fargo & Company boosted their price target on shares of United Parcel Service from $96.00 to $110.00 and gave the company an “equal weight” rating in a report on Wednesday, January 28th. Finally, Evercore boosted their price target on shares of United Parcel Service from $94.00 to $113.00 and gave the company an “in-line” rating in a report on Wednesday, January 21st. Two analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, fourteen have assigned a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $113.67.

Check Out Our Latest Report on UPS

Insider Transactions at United Parcel Service

In related news, insider Norman M. Brothers, Jr. sold 25,014 shares of the company’s stock in a transaction on Wednesday, January 28th. The shares were sold at an average price of $106.15, for a total value of $2,655,236.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.13% of the company’s stock.

United Parcel Service News Summary

Here are the key news stories impacting United Parcel Service this week:

United Parcel Service Trading Down 1.1%

United Parcel Service stock opened at $97.09 on Tuesday. The company’s fifty day simple moving average is $106.94 and its 200-day simple moving average is $99.38. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 1.45. United Parcel Service, Inc. has a 12 month low of $82.00 and a 12 month high of $122.41. The stock has a market cap of $82.44 billion, a P/E ratio of 14.80, a P/E/G ratio of 1.54 and a beta of 1.12.

United Parcel Service (NYSE:UPSGet Free Report) last issued its quarterly earnings data on Tuesday, January 27th. The transportation company reported $2.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.20 by $0.18. The firm had revenue of $24.48 billion during the quarter, compared to analysts’ expectations of $23.91 billion. United Parcel Service had a net margin of 6.28% and a return on equity of 38.30%. United Parcel Service’s revenue for the quarter was down 3.2% on a year-over-year basis. During the same period in the prior year, the company posted $2.75 earnings per share. As a group, sell-side analysts forecast that United Parcel Service, Inc. will post 7.95 EPS for the current fiscal year.

United Parcel Service Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 5th. Investors of record on Tuesday, February 17th were issued a $1.64 dividend. The ex-dividend date was Tuesday, February 17th. This represents a $6.56 dividend on an annualized basis and a yield of 6.8%. United Parcel Service’s dividend payout ratio is currently 100.00%.

About United Parcel Service

(Free Report)

United Parcel Service (NYSE: UPS) is a global package delivery and supply chain management company that provides a broad range of transportation, logistics and e-commerce services. Its core business centers on small-package delivery and last-mile distribution for business and individual customers, supported by a network of ground transportation, air cargo operations (UPS Airlines) and sorting facilities. In addition to parcel delivery, UPS offers freight transportation, contract logistics, warehousing, customs brokerage and reverse-logistics solutions designed to support domestic and international commerce.

The company traces its roots to 1907 when it began as a small messenger service in the United States and later evolved into the United Parcel Service.

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