United Parcel Service, Inc. (NYSE:UPS) Shares Sold by Olstein Capital Management L.P.

Olstein Capital Management L.P. decreased its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 3.8% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 75,000 shares of the transportation company’s stock after selling 3,000 shares during the quarter. United Parcel Service comprises about 1.7% of Olstein Capital Management L.P.’s investment portfolio, making the stock its 12th biggest position. Olstein Capital Management L.P.’s holdings in United Parcel Service were worth $9,458,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in UPS. IFS Advisors LLC boosted its stake 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 last quarter. True Wealth Design LLC lifted its holdings in shares of United Parcel Service by 397.7% during the 3rd quarter. True Wealth Design LLC now owns 214 shares of the transportation company’s stock worth $29,000 after acquiring an additional 171 shares during the period. PSI Advisors LLC boosted its position in shares of United Parcel Service by 408.2% in the third quarter. PSI Advisors LLC now owns 249 shares of the transportation company’s stock worth $34,000 after acquiring an additional 200 shares during the last quarter. Princeton Global Asset Management LLC grew its holdings in 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 valued at $34,000 after purchasing an additional 216 shares during the period. Finally, FSA Wealth Management LLC acquired a new position in United Parcel Service during the third quarter worth approximately $36,000. Hedge funds and other institutional investors own 60.26% of the company’s stock.

United Parcel Service Stock Performance

Shares of United Parcel Service stock opened at $132.98 on Friday. 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 1 year low of $121.56 and a 1 year high of $161.35. The firm’s 50-day simple moving average is $128.95 and its 200-day simple moving average is $130.82. The firm has a market cap of $113.48 billion, a PE ratio of 20.09, a price-to-earnings-growth ratio of 1.86 and a beta of 1.00.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings data on Thursday, October 24th. The transportation company reported $1.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.63 by $0.13. The firm had revenue of $22.20 billion for the quarter, compared to analysts’ expectations of $22.10 billion. United Parcel Service had a return on equity of 37.38% and a net margin of 6.25%. United Parcel Service’s revenue for the quarter was up 5.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.57 earnings per share. Equities analysts forecast that United Parcel Service, Inc. will post 7.49 earnings per share for the current fiscal year.

United Parcel Service Announces Dividend

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

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on UPS. Bank of America upgraded shares of United Parcel Service from a “neutral” rating to a “buy” rating and set a $150.00 price target on the stock in a report on Thursday, January 16th. Susquehanna lifted their target price on United Parcel Service from $135.00 to $140.00 and gave the company a “neutral” rating in a report on Friday, October 25th. Stifel Nicolaus dropped their price target on United Parcel Service from $156.00 to $153.00 and set a “buy” rating for the company in a research note on Thursday. Barclays reaffirmed an “underweight” rating and issued a $120.00 price objective on shares of United Parcel Service in a research note on Monday, October 21st. Finally, Argus raised shares of United Parcel Service from a “hold” rating to a “buy” rating in a research report on Tuesday, November 5th. Two investment analysts have rated the stock with a sell rating, five have issued 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, the stock has a consensus rating of “Moderate Buy” and an average price target of $151.24.

Insiders Place Their Bets

In related news, insider Norman M. Brothers, Jr. sold 7,325 shares of the stock in a transaction dated 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 sale, the insider now owns 45,098 shares in the company, valued at $6,249,229.86. This represents a 13.97 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.13% of the stock is currently owned by corporate insiders.

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.