United Parcel Service, Inc. (NYSE:UPS) Shares Sold by First Pacific Financial

First Pacific Financial decreased its position in United Parcel Service, Inc. (NYSE:UPS) by 30.5% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 585 shares of the transportation company’s stock after selling 257 shares during the period. First Pacific Financial’s holdings in United Parcel Service were worth $74,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. International Assets Investment Management LLC raised its position in shares of United Parcel Service by 15,779.6% during the 3rd quarter. International Assets Investment Management LLC now owns 14,631,461 shares of the transportation company’s stock worth $1,994,853,000 after purchasing an additional 14,539,321 shares during the last quarter. Marshall Wace LLP raised its position in shares of United Parcel Service by 284.8% during the 2nd quarter. Marshall Wace LLP now owns 2,569,831 shares of the transportation company’s stock worth $351,681,000 after purchasing an additional 1,901,914 shares during the last quarter. Two Sigma Advisers LP raised its position in shares of United Parcel Service by 833.4% during the 3rd quarter. Two Sigma Advisers LP now owns 2,074,100 shares of the transportation company’s stock worth $282,783,000 after purchasing an additional 1,851,900 shares during the last quarter. Van ECK Associates Corp raised its position in shares of United Parcel Service by 1,061.1% during the 3rd quarter. Van ECK Associates Corp now owns 1,772,765 shares of the transportation company’s stock worth $232,959,000 after purchasing an additional 1,620,091 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in shares of United Parcel Service by 6.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 21,927,607 shares of the transportation company’s stock worth $2,989,609,000 after purchasing an additional 1,320,921 shares during the last quarter. Institutional investors and hedge funds own 60.26% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Barclays reaffirmed an “underweight” rating and set a $120.00 price target on shares of United Parcel Service in a research note on Monday, October 21st. JPMorgan Chase & Co. increased their target price on United Parcel Service from $134.00 to $135.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 7th. Susquehanna lifted their price target on United Parcel Service from $135.00 to $140.00 and gave the company a “neutral” rating in a report on Friday, October 25th. Oppenheimer upped their price objective on shares of United Parcel Service from $140.00 to $146.00 and gave the company an “outperform” rating in a research note on Monday, October 28th. Finally, Wells Fargo & Company decreased their target price on shares of United Parcel Service from $155.00 to $150.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 7th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating, fifteen have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $151.10.

Insider Activity at United Parcel Service

In other United Parcel Service news, insider Norman M. Brothers, Jr. sold 7,325 shares of the company’s stock in a transaction that occurred on 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 transaction, the insider now directly owns 45,098 shares of the company’s stock, valued at $6,249,229.86. This represents a 13.97 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.13% of the company’s stock.

United Parcel Service Trading Up 2.0 %

Shares of UPS opened at $129.97 on Friday. The stock’s 50-day moving average is $129.09 and its two-hundred day moving average is $130.98. The stock has a market cap of $110.91 billion, a PE ratio of 19.63, a P/E/G ratio of 1.73 and a beta of 1.00. United Parcel Service, Inc. has a 12 month low of $121.56 and a 12 month high of $161.35. 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 released its quarterly earnings results on Thursday, October 24th. The transportation company reported $1.76 earnings per share for the quarter, beating analysts’ consensus estimates of $1.63 by $0.13. The business had revenue of $22.20 billion during the quarter, compared to analyst estimates of $22.10 billion. United Parcel Service had a net margin of 6.25% and a return on equity of 37.38%. The business’s revenue was up 5.4% on a year-over-year basis. During the same period last year, the business earned $1.57 EPS. 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 declared a quarterly dividend, which was paid on Thursday, December 5th. Investors 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 yield of 5.02%. The ex-dividend date of this dividend was Monday, November 18th. United Parcel Service’s payout ratio is 98.49%.

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.