Wealth Alliance Advisory Group LLC Sells 404 Shares of United Parcel Service, Inc. (NYSE:UPS)

Wealth Alliance Advisory Group LLC lowered its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 8.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,205 shares of the transportation company’s stock after selling 404 shares during the period. Wealth Alliance Advisory Group LLC’s holdings in United Parcel Service were worth $530,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in UPS. Cigna Investments Inc. New boosted its stake in United Parcel Service by 1.0% in the third quarter. Cigna Investments Inc. New now owns 7,508 shares of the transportation company’s stock worth $1,024,000 after buying an additional 75 shares in the last quarter. Banco Santander S.A. grew its stake in shares of United Parcel Service by 0.6% in the third quarter. Banco Santander S.A. now owns 12,596 shares of the transportation company’s stock worth $1,717,000 after purchasing an additional 79 shares during the last quarter. Gleason Group Inc. lifted its stake in United Parcel Service by 1.2% in the third quarter. Gleason Group Inc. now owns 6,576 shares of the transportation company’s stock worth $897,000 after acquiring an additional 80 shares during the period. Tradewinds LLC. boosted its stake in shares of United Parcel Service by 1.8% during the 3rd quarter. Tradewinds LLC. now owns 4,487 shares of the transportation company’s stock valued at $612,000 after purchasing an additional 81 shares in the last quarter. Finally, OLD Second National Bank of Aurora raised its position in shares of United Parcel Service by 1.2% in the 3rd quarter. OLD Second National Bank of Aurora now owns 7,177 shares of the transportation company’s stock worth $979,000 after acquiring an additional 83 shares in the last quarter. 60.26% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at United Parcel Service

In other United Parcel Service news, insider Norman M. Brothers, Jr. sold 7,325 shares of the business’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $138.57, for a total value of $1,015,025.25. Following the completion of the sale, the insider now directly 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.13% of the stock is currently owned by insiders.

United Parcel Service Trading Down 0.1 %

Shares of United Parcel Service stock opened at $129.77 on Friday. United Parcel Service, Inc. has a twelve month low of $121.56 and a twelve month high of $161.35. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.20. The business has a 50-day moving average price of $128.95 and a 200-day moving average price of $130.93. The firm has a market cap of $110.74 billion, a price-to-earnings ratio of 19.60, a PEG ratio of 1.73 and a beta of 1.00.

United Parcel Service (NYSE:UPS) last released 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. United Parcel Service had a net margin of 6.25% and a return on equity of 37.38%. The company had revenue of $22.20 billion for the quarter, compared to the consensus estimate of $22.10 billion. During the same quarter in the prior year, the firm earned $1.57 earnings per share. United Parcel Service’s revenue was up 5.4% on a year-over-year basis. Equities research analysts anticipate that United Parcel Service, Inc. will post 7.49 EPS for the current fiscal year.

United Parcel Service Dividend Announcement

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

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. The Goldman Sachs Group lowered their price target on shares of United Parcel Service from $165.00 to $162.00 and set a “buy” rating for the company in a research report on Wednesday, October 9th. Susquehanna upped their price target on United Parcel Service from $135.00 to $140.00 and gave the stock a “neutral” rating in a research note on Friday, October 25th. Wells Fargo & Company lowered their price objective on United Parcel Service from $155.00 to $150.00 and set an “overweight” rating for the company in a research note on Tuesday, January 7th. Evercore ISI increased their target price on United Parcel Service from $138.00 to $141.00 and gave the stock an “in-line” rating in a research note on Tuesday, October 22nd. Finally, BMO Capital Markets raised shares of United Parcel Service from a “market perform” rating to an “outperform” rating and cut their price objective for the company from $155.00 to $150.00 in a research report on Tuesday, December 10th. Two investment analysts have rated the stock with a sell rating, five have assigned 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, United Parcel Service has a consensus rating of “Moderate Buy” and an average price target of $151.10.

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.