Flagship Harbor Advisors LLC Has $358,000 Stock Position in United Parcel Service, Inc. (NYSE:UPS)

Flagship Harbor Advisors LLC lessened its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 29.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,836 shares of the transportation company’s stock after selling 1,199 shares during the period. Flagship Harbor Advisors LLC’s holdings in United Parcel Service were worth $358,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of UPS. Quarry LP lifted its stake in shares of United Parcel Service by 453.6% in the second quarter. Quarry LP now owns 537 shares of the transportation company’s stock worth $73,000 after acquiring an additional 440 shares during the period. B. Riley Wealth Advisors Inc. boosted its stake in shares of United Parcel Service by 8.3% in the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 24,205 shares of the transportation company’s stock valued at $3,312,000 after purchasing an additional 1,863 shares during the last quarter. EP Wealth Advisors LLC increased its position in shares of United Parcel Service by 30.3% during the second quarter. EP Wealth Advisors LLC now owns 26,943 shares of the transportation company’s stock worth $3,687,000 after buying an additional 6,265 shares during the period. 3Chopt Investment Partners LLC bought a new position in United Parcel Service during the second quarter worth $363,000. Finally, Founders Financial Alliance LLC lifted its holdings in United Parcel Service by 2.2% in the second quarter. Founders Financial Alliance LLC now owns 5,053 shares of the transportation company’s stock valued at $691,000 after buying an additional 110 shares during the period. Institutional investors own 60.26% of the company’s stock.

Insiders Place Their Bets

In other United Parcel Service news, insider Norman M. Brothers, Jr. sold 7,325 shares of the business’s stock in a transaction 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 owns 45,098 shares of the company’s stock, valued at $6,249,229.86. The trade was a 13.97 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 0.13% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. Evercore ISI increased their price target on United Parcel Service from $141.00 to $147.00 and gave the stock an “in-line” rating in a report on Wednesday, January 22nd. Oppenheimer lifted their target price on United Parcel Service from $140.00 to $146.00 and gave the stock an “outperform” rating in a report on Monday, October 28th. StockNews.com raised United Parcel Service from a “hold” rating to a “buy” rating in a research note on Wednesday, November 6th. Citigroup reduced their price objective on shares of United Parcel Service from $163.00 to $158.00 and set a “buy” rating for the company in a research report on Tuesday, November 12th. Finally, Wells Fargo & Company dropped 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 issued a hold rating, fifteen have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $151.24.

United Parcel Service Stock Down 0.6 %

Shares of NYSE:UPS opened at $135.46 on Wednesday. United Parcel Service, Inc. has a 1 year low of $121.56 and a 1 year high of $158.95. The business has a fifty day moving average price of $128.97 and a two-hundred day moving average price of $130.75. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.14 and a quick ratio of 1.14. The company has a market capitalization of $115.59 billion, a PE ratio of 20.46, a price-to-earnings-growth ratio of 1.86 and a beta of 1.00.

United Parcel Service Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, December 5th. Stockholders of record on Monday, November 18th were paid a dividend of $1.63 per share. The ex-dividend date of this dividend was Monday, November 18th. This represents a $6.52 annualized dividend and a dividend yield of 4.81%. United Parcel Service’s payout ratio is currently 98.49%.

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.