United Parcel Service, Inc. (NYSE:UPS) Shares Sold by Next Level Private LLC

Next Level Private LLC reduced its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 23.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,680 shares of the transportation company’s stock after selling 808 shares during the period. Next Level Private LLC’s holdings in United Parcel Service were worth $421,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Pacific Center for Financial Services acquired a new stake in shares of United Parcel Service during the 1st quarter worth $25,000. VisionPoint Advisory Group LLC acquired a new stake in shares of United Parcel Service during the 2nd quarter worth $25,000. IMA Wealth Inc. increased its holdings in shares of United Parcel Service by 100.0% during the 2nd quarter. IMA Wealth Inc. now owns 142 shares of the transportation company’s stock worth $25,000 after buying an additional 71 shares during the last quarter. Worth Asset Management LLC acquired a new stake in shares of United Parcel Service during the 1st quarter worth $27,000. Finally, OFI Invest Asset Management acquired a new stake in shares of United Parcel Service during the 3rd quarter worth $25,000. 60.26% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at United Parcel Service

In other news, Director Eva C. Boratto purchased 1,400 shares of the company’s stock in a transaction on Friday, February 2nd. The shares were bought at an average price of $142.30 per share, for a total transaction of $199,220.00. Following the completion of the purchase, the director now owns 1,400 shares of the company’s stock, valued at $199,220. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.13% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

UPS has been the subject of a number of research reports. BMO Capital Markets upped their price target on shares of United Parcel Service from $160.00 to $165.00 and gave the stock a “market perform” rating in a research report on Wednesday. Stifel Nicolaus upped their price target on shares of United Parcel Service from $180.00 to $190.00 and gave the stock a “buy” rating in a research report on Wednesday, January 10th. Raymond James decreased their price target on shares of United Parcel Service from $185.00 to $175.00 and set a “strong-buy” rating for the company in a research report on Wednesday, January 31st. Argus cut shares of United Parcel Service from a “buy” rating to a “hold” rating in a research report on Wednesday, January 31st. Finally, Robert W. Baird raised shares of United Parcel Service from a “neutral” rating to an “outperform” rating and upped their price target for the stock from $165.00 to $170.00 in a research report on Friday, February 16th. One analyst has rated the stock with a sell rating, sixteen have issued a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $166.48.

United Parcel Service Price Performance

UPS opened at $147.36 on Thursday. The firm has a market cap of $125.65 billion, a price-to-earnings ratio of 18.91, a price-to-earnings-growth ratio of 1.64 and a beta of 1.05. United Parcel Service, Inc. has a fifty-two week low of $133.68 and a fifty-two week high of $197.80. The company’s 50-day moving average price is $150.79 and its 200 day moving average price is $152.28. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 1.09.

United Parcel Service (NYSE:UPS) last released its quarterly earnings data on Tuesday, January 30th. The transportation company reported $2.47 earnings per share for the quarter, topping the consensus estimate of $2.46 by $0.01. The firm had revenue of $24.92 billion for the quarter, compared to analyst estimates of $25.40 billion. United Parcel Service had a net margin of 7.37% and a return on equity of 39.46%. United Parcel Service’s quarterly revenue was down 7.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.62 earnings per share. As a group, sell-side analysts expect that United Parcel Service, Inc. will post 8.29 earnings per share for the current year.

United Parcel Service Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 8th. Shareholders of record on Tuesday, February 20th were paid a $1.63 dividend. The ex-dividend date was Friday, February 16th. This represents a $6.52 annualized dividend and a dividend yield of 4.42%. This is a positive change from United Parcel Service’s previous quarterly dividend of $1.62. United Parcel Service’s dividend payout ratio (DPR) is presently 83.70%.

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.