United Parcel Service, Inc. (NYSE:UPS) Stock Position Trimmed by Avidian Wealth Enterprises LLC

Avidian Wealth Enterprises LLC decreased its position in United Parcel Service, Inc. (NYSE:UPS) by 3.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 14,441 shares of the transportation company’s stock after selling 530 shares during the period. Avidian Wealth Enterprises LLC’s holdings in United Parcel Service were worth $1,821,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the company. Kentucky Trust Co bought a new position in United Parcel Service in the 4th quarter worth approximately $442,000. Gladstone Institutional Advisory LLC boosted its position in United Parcel Service by 6.3% during the 4th quarter. Gladstone Institutional Advisory LLC now owns 5,314 shares of the transportation company’s stock worth $670,000 after acquiring an additional 315 shares during the period. MeadowBrook Investment Advisors LLC grew its stake in shares of United Parcel Service by 12.9% in the fourth quarter. MeadowBrook Investment Advisors LLC now owns 2,946 shares of the transportation company’s stock worth $371,000 after purchasing an additional 337 shares in the last quarter. Certuity LLC increased its holdings in shares of United Parcel Service by 3.3% during the fourth quarter. Certuity LLC now owns 13,518 shares of the transportation company’s stock valued at $1,705,000 after purchasing an additional 431 shares during the period. Finally, Beacon Financial Group raised its stake in shares of United Parcel Service by 1.2% during the fourth quarter. Beacon Financial Group now owns 28,059 shares of the transportation company’s stock valued at $3,538,000 after purchasing an additional 327 shares in the last quarter. Institutional investors and hedge funds own 60.26% of the company’s stock.

Insider Buying and Selling at United Parcel Service

In related news, insider Norman M. Brothers, Jr. sold 7,325 shares of the stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $138.57, for a total value of $1,015,025.25. Following the transaction, the insider now owns 45,098 shares in the company, valued at approximately $6,249,229.86. This represents a 13.97 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 0.13% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on UPS. Morgan Stanley decreased their target price on shares of United Parcel Service from $100.00 to $82.00 and set an “underweight” rating for the company in a research report on Friday, January 31st. Wolfe Research upgraded shares of United Parcel Service from a “peer perform” rating to an “outperform” rating and set a $147.00 price objective for the company in a report on Wednesday, January 8th. StockNews.com raised United Parcel Service from a “hold” rating to a “buy” rating in a report on Wednesday, November 6th. Evercore ISI increased their price target on United Parcel Service from $141.00 to $147.00 and gave the company an “in-line” rating in a research note on Wednesday, January 22nd. Finally, Bank of America dropped their price objective on United Parcel Service from $150.00 to $133.00 and set a “buy” rating on the stock in a research note on Friday, January 31st. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $140.73.

United Parcel Service Stock Up 0.3 %

UPS stock opened at $114.49 on Wednesday. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.17 and a quick ratio of 1.14. The firm has a market capitalization of $97.70 billion, a P/E ratio of 16.94, a P/E/G ratio of 1.50 and a beta of 0.98. United Parcel Service, Inc. has a 52-week low of $109.40 and a 52-week high of $158.95. The company’s 50 day simple moving average is $125.55 and its 200-day simple moving average is $129.16.

United Parcel Service (NYSE:UPS) last announced its earnings results on Thursday, January 30th. The transportation company reported $2.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.52 by $0.23. United Parcel Service had a net margin of 6.35% and a return on equity of 39.13%. During the same quarter in the prior year, the company posted $2.47 EPS. As a group, equities research analysts anticipate that United Parcel Service, Inc. will post 7.99 EPS for the current year.

United Parcel Service Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 6th. Stockholders of record on Tuesday, February 18th will be given a $1.64 dividend. This represents a $6.56 dividend on an annualized basis and a dividend yield of 5.73%. This is a positive change from United Parcel Service’s previous quarterly dividend of $1.63. The ex-dividend date is Tuesday, February 18th. United Parcel Service’s dividend payout ratio is 96.45%.

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.