Gilbert & Cook Inc. cut its stake in shares of United Parcel Service, Inc. (NYSE:UPS – Free Report) by 6.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 52,140 shares of the transportation company’s stock after selling 3,419 shares during the period. United Parcel Service makes up 0.9% of Gilbert & Cook Inc.’s holdings, making the stock its 13th biggest holding. Gilbert & Cook Inc.’s holdings in United Parcel Service were worth $6,575,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds have also made changes to their positions in UPS. IFS Advisors LLC grew its holdings in shares of United Parcel Service by 232.3% in the fourth quarter. IFS Advisors LLC now owns 216 shares of the transportation company’s stock valued at $27,000 after purchasing an additional 151 shares in the last quarter. True Wealth Design LLC boosted its position in United Parcel Service by 397.7% in the 3rd quarter. True Wealth Design LLC now owns 214 shares of the transportation company’s stock valued at $29,000 after buying an additional 171 shares during the period. PSI Advisors LLC increased its position in shares of United Parcel Service by 408.2% during the third quarter. PSI Advisors LLC now owns 249 shares of the transportation company’s stock worth $34,000 after acquiring an additional 200 shares during the period. Princeton Global Asset Management LLC raised its stake in shares of United Parcel Service by 720.0% in the third quarter. Princeton Global Asset Management LLC now owns 246 shares of the transportation company’s stock valued at $34,000 after acquiring an additional 216 shares in the last quarter. Finally, FSA Wealth Management LLC purchased a new position in United Parcel Service in the third quarter valued at $36,000. 60.26% of the stock is owned by hedge funds and other institutional investors.
United Parcel Service Trading Down 14.8 %
NYSE:UPS opened at $113.96 on Thursday. United Parcel Service, Inc. has a 1 year low of $113.89 and a 1 year high of $158.95. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.14 and a current ratio of 1.14. The stock has a fifty day moving average price of $129.01 and a two-hundred day moving average price of $130.70. The stock has a market capitalization of $97.25 billion, a price-to-earnings ratio of 17.15, a PEG ratio of 1.86 and a beta of 1.00.
United Parcel Service Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 5th. Investors of record on Monday, November 18th were paid a $1.63 dividend. This represents a $6.52 annualized dividend and a yield of 5.72%. The ex-dividend date was Monday, November 18th. United Parcel Service’s payout ratio is currently 98.49%.
Insider Buying and Selling
In other United Parcel Service news, insider Norman M. Brothers, Jr. sold 7,325 shares of United Parcel Service stock in a transaction dated 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 completion of the transaction, the insider now owns 45,098 shares in the company, valued at approximately $6,249,229.86. The trade was a 13.97 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 0.13% of the stock is currently owned by insiders.
Wall Street Analyst Weigh In
Several equities analysts have recently issued reports on the company. The Goldman Sachs Group decreased their price objective on United Parcel Service from $165.00 to $162.00 and set a “buy” rating for the company in a research note on Wednesday, October 9th. UBS Group raised their price target on United Parcel Service from $159.00 to $170.00 and gave the company a “buy” rating in a research note on Friday, October 25th. BMO Capital Markets raised United Parcel Service from a “market perform” rating to an “outperform” rating and lowered their price objective for the stock from $155.00 to $150.00 in a research report on Tuesday, December 10th. Argus upgraded United Parcel Service from a “hold” rating to a “buy” rating in a research note on Tuesday, November 5th. 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, five have given a hold rating, fifteen have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $151.24.
Get Our Latest Analysis on United Parcel Service
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.
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