Maltin Wealth Management Inc. Has $2.33 Million Stake in United Parcel Service, Inc. (NYSE:UPS)

Maltin Wealth Management Inc. reduced its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 2.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 18,451 shares of the transportation company’s stock after selling 501 shares during the quarter. Maltin Wealth Management Inc.’s holdings in United Parcel Service were worth $2,327,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. Grove Bank & Trust grew its holdings in shares of United Parcel Service by 6.0% during the fourth quarter. Grove Bank & Trust now owns 2,329 shares of the transportation company’s stock valued at $294,000 after buying an additional 131 shares in the last quarter. Brady Martz Wealth Solutions LLC purchased a new position in United Parcel Service during the 4th quarter valued at about $607,000. Steigerwald Gordon & Koch Inc. increased its holdings in shares of United Parcel Service by 4.8% in the 4th quarter. Steigerwald Gordon & Koch Inc. now owns 104,809 shares of the transportation company’s stock valued at $13,216,000 after purchasing an additional 4,754 shares during the period. HF Advisory Group LLC purchased a new stake in shares of United Parcel Service in the fourth quarter worth approximately $1,305,000. Finally, Aaron Wealth Advisors LLC boosted its holdings in shares of United Parcel Service by 23.1% during the fourth quarter. Aaron Wealth Advisors LLC now owns 2,538 shares of the transportation company’s stock worth $320,000 after purchasing an additional 477 shares during the period. Hedge funds and other institutional investors own 60.26% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Stifel Nicolaus upped their price objective on shares of United Parcel Service from $151.00 to $156.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Oppenheimer increased their price objective on United Parcel Service from $140.00 to $146.00 and gave the stock an “outperform” rating in a report on Monday, October 28th. Evercore ISI upped their target price on United Parcel Service from $138.00 to $141.00 and gave the stock an “in-line” rating in a research report on Tuesday, October 22nd. StockNews.com upgraded United Parcel Service from a “hold” rating to a “buy” rating in a report on Wednesday, November 6th. Finally, Argus upgraded United Parcel Service from a “hold” rating to a “buy” rating in a report on Tuesday, November 5th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating, fifteen have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $151.10.

United Parcel Service Price Performance

Shares of UPS stock opened at $129.77 on Monday. The company has a market capitalization of $110.74 billion, a P/E ratio of 19.60, a P/E/G ratio of 1.73 and a beta of 1.00. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.20. United Parcel Service, Inc. has a 12 month low of $121.56 and a 12 month high of $161.35. The stock has a 50 day moving average of $128.95 and a two-hundred day moving average of $130.90.

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

United Parcel Service Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 5th. Investors of record on Monday, November 18th were given a $1.63 dividend. This represents a $6.52 annualized dividend and a yield of 5.02%. The ex-dividend date of this dividend was Monday, November 18th. United Parcel Service’s dividend payout ratio (DPR) is presently 98.49%.

Insiders Place Their Bets

In other United Parcel Service news, insider Norman M. Brothers, Jr. sold 7,325 shares of the stock in a transaction on Monday, November 25th. The stock was sold at an average price of $138.57, for a total transaction of $1,015,025.25. Following the completion of the transaction, the insider now directly 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 SEC, which can be accessed through this link. Corporate insiders own 0.13% of the company’s stock.

About United Parcel Service

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.