Alpha Omega Wealth Management LLC Sells 98 Shares of United Parcel Service, Inc. (NYSE:UPS)

Alpha Omega Wealth Management LLC lessened its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 1.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,865 shares of the transportation company’s stock after selling 98 shares during the period. Alpha Omega Wealth Management LLC’s holdings in United Parcel Service were worth $866,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the business. Quarry LP boosted its stake in United Parcel Service by 453.6% in the 2nd quarter. Quarry LP now owns 537 shares of the transportation company’s stock worth $73,000 after purchasing an additional 440 shares during the period. Newbridge Financial Services Group Inc. boosted its position in shares of United Parcel Service by 67.4% during the second quarter. Newbridge Financial Services Group Inc. now owns 745 shares of the transportation company’s stock worth $102,000 after buying an additional 300 shares during the period. AMF Tjanstepension AB grew its holdings in shares of United Parcel Service by 39.7% during the third quarter. AMF Tjanstepension AB now owns 108,360 shares of the transportation company’s stock worth $14,793,000 after buying an additional 30,815 shares in the last quarter. Czech National Bank raised its position in United Parcel Service by 7.4% in the 3rd quarter. Czech National Bank now owns 149,220 shares of the transportation company’s stock valued at $20,345,000 after buying an additional 10,227 shares during the last quarter. Finally, Farmers Trust Co. lifted its stake in United Parcel Service by 14.1% in the 3rd quarter. Farmers Trust Co. now owns 3,036 shares of the transportation company’s stock valued at $414,000 after acquiring an additional 375 shares in the last quarter. 60.26% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. StockNews.com raised shares of United Parcel Service from a “hold” rating to a “buy” rating in a research note on Wednesday, November 6th. Stifel Nicolaus lowered their price target on shares of United Parcel Service from $156.00 to $153.00 and set a “buy” rating on the stock in a research note on Thursday, January 23rd. Morgan Stanley cut their price target on shares of United Parcel Service from $100.00 to $82.00 and set an “underweight” rating on the stock in a research report on Friday. Raymond James lowered their target price on United Parcel Service from $155.00 to $145.00 and set a “strong-buy” rating on the stock in a research report on Friday. Finally, Baird R W cut United Parcel Service from a “strong-buy” rating to a “hold” rating in a research report on Friday. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, United Parcel Service currently has a consensus rating of “Moderate Buy” and an average target price of $141.95.

United Parcel Service Trading Down 0.6 %

Shares of UPS stock opened at $114.19 on Friday. The stock has a market cap of $97.45 billion, a P/E ratio of 17.25, a price-to-earnings-growth ratio of 1.88 and a beta of 1.00. United Parcel Service, Inc. has a 1 year low of $109.62 and a 1 year high of $158.95. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.20. The stock has a 50 day simple moving average of $128.31 and a 200 day simple moving average of $130.40.

United Parcel Service (NYSE:UPS) last released its earnings results on Thursday, January 30th. The transportation company reported $2.75 earnings per share for the quarter, beating analysts’ consensus estimates of $2.52 by $0.23. United Parcel Service had a return on equity of 37.38% and a net margin of 6.25%. During the same quarter in the prior year, the business posted $2.47 earnings per share. On average, research analysts predict that United Parcel Service, Inc. will post 7.5 earnings per share 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. Shareholders of record on Monday, November 18th were issued a $1.63 dividend. This represents a $6.52 annualized dividend and a yield of 5.71%. The ex-dividend date was Monday, November 18th. United Parcel Service’s dividend payout ratio is currently 98.49%.

Insider Transactions at United Parcel Service

In related news, insider Norman M. Brothers, Jr. sold 7,325 shares of the company’s 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 sale, 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.13% of the stock is currently owned by insiders.

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.