Sugarloaf Wealth Management LLC Has $387,000 Position in United Parcel Service, Inc. (NYSE:UPS)

Sugarloaf Wealth Management LLC boosted its position in United Parcel Service, Inc. (NYSE:UPS) by 150.1% during the fourth quarter, Holdings Channel reports. The institutional investor owned 3,071 shares of the transportation company’s stock after purchasing an additional 1,843 shares during the quarter. Sugarloaf Wealth Management LLC’s holdings in United Parcel Service were worth $387,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the company. True Wealth Design LLC raised its holdings in shares of United Parcel Service by 397.7% in the third quarter. True Wealth Design LLC now owns 214 shares of the transportation company’s stock valued at $29,000 after purchasing an additional 171 shares during the last quarter. PSI Advisors LLC increased its stake in United Parcel Service by 408.2% in the 3rd quarter. PSI Advisors LLC now owns 249 shares of the transportation company’s stock valued at $34,000 after buying an additional 200 shares during the last quarter. Princeton Global Asset Management LLC lifted its position in United Parcel Service by 720.0% during the 3rd quarter. Princeton Global Asset Management LLC now owns 246 shares of the transportation company’s stock worth $34,000 after buying an additional 216 shares in the last quarter. FSA Wealth Management LLC acquired a new position in shares of United Parcel Service during the 3rd quarter worth about $36,000. Finally, Meeder Asset Management Inc. grew its holdings in shares of United Parcel Service by 271.7% in the 2nd quarter. Meeder Asset Management Inc. now owns 394 shares of the transportation company’s stock valued at $54,000 after acquiring an additional 288 shares in the last quarter. Institutional investors own 60.26% of the company’s stock.

Analyst Upgrades and Downgrades

UPS has been the subject of several recent research reports. JPMorgan Chase & Co. increased their price target on United Parcel Service from $134.00 to $135.00 and gave the company a “neutral” rating in a research report on Tuesday. Susquehanna increased their price objective on United Parcel Service from $135.00 to $140.00 and gave the company a “neutral” rating in a report on Friday, October 25th. Argus upgraded shares of United Parcel Service from a “hold” rating to a “buy” rating in a report on Tuesday, November 5th. Wells Fargo & Company cut their price target on shares of United Parcel Service from $155.00 to $150.00 and set an “overweight” rating for the company in a research note on Tuesday. Finally, StockNews.com upgraded shares of United Parcel Service from a “hold” rating to a “buy” rating in a research note on Wednesday, November 6th. Two research analysts have rated the stock with a sell rating, six have given a hold rating, fourteen have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, United Parcel Service has an average rating of “Moderate Buy” and an average price target of $151.10.

Insider Activity at United Parcel Service

In related news, insider Norman M. Brothers, Jr. sold 7,325 shares of United Parcel Service stock in a transaction that occurred on 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 directly owns 45,098 shares of the company’s stock, valued at approximately $6,249,229.86. The trade was a 13.97 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.13% of the stock is currently owned by insiders.

United Parcel Service Price Performance

NYSE UPS traded down $2.95 during midday trading on Friday, hitting $123.81. The company had a trading volume of 3,369,466 shares, compared to its average volume of 3,847,554. The firm has a 50-day moving average price of $129.75 and a 200-day moving average price of $131.33. The company has a market capitalization of $105.66 billion, a PE ratio of 18.70, a P/E/G ratio of 2.11 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 twelve month low of $122.01 and a twelve month high of $161.47.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings results on Thursday, October 24th. The transportation company reported $1.76 EPS 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 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%. 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 previous year, the firm earned $1.57 earnings per share. As a group, analysts anticipate that United Parcel Service, Inc. will post 7.48 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 given a dividend of $1.63 per share. The ex-dividend date was Monday, November 18th. This represents a $6.52 annualized dividend and a dividend yield of 5.27%. United Parcel Service’s dividend payout ratio is 98.49%.

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.