Advance Capital Management Inc. Has $1.05 Million Stock Position in United Parcel Service, Inc. (NYSE:UPS)

Advance Capital Management Inc. lessened its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 4.6% in the fourth quarter, HoldingsChannel.com reports. The firm owned 8,329 shares of the transportation company’s stock after selling 399 shares during the quarter. Advance Capital Management Inc.’s holdings in United Parcel Service were worth $1,050,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of UPS. True Wealth Design LLC increased its stake in shares of United Parcel Service by 397.7% in the 3rd quarter. True Wealth Design LLC now owns 214 shares of the transportation company’s stock valued at $29,000 after acquiring an additional 171 shares in the last quarter. Princeton Global Asset Management LLC increased its stake 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 in the last quarter. PSI Advisors LLC boosted its position in shares of United Parcel Service by 408.2% during the 3rd quarter. PSI Advisors LLC now owns 249 shares of the transportation company’s stock worth $34,000 after purchasing an additional 200 shares in the last quarter. FSA Wealth Management LLC bought a new position in United Parcel Service in the third quarter worth approximately $36,000. Finally, Capital Performance Advisors LLP acquired a new stake in United Parcel Service in the third quarter valued at approximately $54,000. Institutional investors and hedge funds own 60.26% of the company’s stock.

United Parcel Service Price Performance

NYSE:UPS traded up $0.27 during trading hours on Monday, hitting $124.06. The stock had a trading volume of 4,956,536 shares, compared to its average volume of 3,403,998. The firm has a market capitalization of $105.87 billion, a price-to-earnings ratio of 18.74, a P/E/G ratio of 2.11 and a beta of 1.00. United Parcel Service, Inc. has a one year low of $122.01 and a one year high of $161.48. The company has a 50 day simple moving average of $130.45 and a two-hundred day simple moving average of $131.57. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.14 and a quick ratio of 1.14.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings results on Thursday, October 24th. The transportation company reported $1.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.63 by $0.13. The firm had revenue of $22.20 billion during the quarter, compared to the consensus estimate of $22.10 billion. United Parcel Service had a return on equity of 37.38% and a net margin of 6.25%. The company’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same quarter last year, the company posted $1.57 EPS. Research analysts forecast that United Parcel Service, Inc. will post 7.48 earnings per share for the current fiscal year.

United Parcel Service Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, December 5th. Stockholders of record on Monday, November 18th were issued a $1.63 dividend. This represents a $6.52 dividend on an annualized basis and a dividend yield of 5.26%. The ex-dividend date of this dividend was Monday, November 18th. United Parcel Service’s payout ratio is 98.49%.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on UPS shares. Stifel Nicolaus increased their target price on United Parcel Service from $151.00 to $156.00 and gave the stock a “buy” rating in a report on Friday, October 25th. UBS Group lifted their price objective 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. BMO Capital Markets raised shares of United Parcel Service from a “market perform” rating to an “outperform” rating and dropped their price target for the company from $155.00 to $150.00 in a research report on Tuesday, December 10th. StockNews.com raised United Parcel Service from a “hold” rating to a “buy” rating in a report on Wednesday, November 6th. Finally, Wells Fargo & Company lifted their target price on United Parcel Service from $134.00 to $142.00 and gave the company an “overweight” rating in a research report on Thursday, October 10th. Two analysts have rated the stock with a sell rating, six have issued a hold rating, thirteen have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, United Parcel Service currently has an average rating of “Moderate Buy” and a consensus price target of $151.10.

Insider Activity

In other news, insider Norman M. Brothers, Jr. sold 7,325 shares of the company’s stock in a transaction dated 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 completion of the transaction, the insider now directly owns 45,098 shares in the company, valued at approximately $6,249,229.86. This represents a 13.97 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.13% of the company’s stock.

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.