Norman M. Brothers, Jr. Sells 7,325 Shares of United Parcel Service, Inc. (NYSE:UPS) Stock

United Parcel Service, Inc. (NYSE:UPS) insider Norman M. Brothers, Jr. sold 7,325 shares of the firm’s 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 sale, the insider now owns 45,098 shares of the company’s stock, 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 available through this hyperlink.

United Parcel Service Stock Up 0.5 %

NYSE UPS opened at $135.69 on Thursday. United Parcel Service, Inc. has a 52 week low of $123.12 and a 52 week high of $163.82. 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 company has a market capitalization of $115.79 billion, a P/E ratio of 20.50, a price-to-earnings-growth ratio of 2.26 and a beta of 0.99. The stock’s 50-day moving average price is $133.34 and its 200-day moving average price is $133.96.

United Parcel Service (NYSE:UPS) last released its earnings results on Thursday, October 24th. The transportation company reported $1.76 earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $22.10 billion. During the same period in the prior year, the firm posted $1.57 EPS. The firm’s quarterly revenue was up 5.4% compared to the same quarter last year. On average, equities research analysts predict that United Parcel Service, Inc. will post 7.48 earnings per share for the current year.

United Parcel Service Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Monday, November 18th will be paid a dividend of $1.63 per share. This represents a $6.52 dividend on an annualized basis and a dividend yield of 4.81%. The ex-dividend date is Monday, November 18th. United Parcel Service’s dividend payout ratio (DPR) is 98.49%.

Institutional Investors Weigh In On United Parcel Service

Institutional investors have recently bought and sold shares of the business. Peapack Gladstone Financial Corp lifted its position in shares of United Parcel Service by 15.7% in the third quarter. Peapack Gladstone Financial Corp now owns 83,104 shares of the transportation company’s stock valued at $11,330,000 after acquiring an additional 11,305 shares in the last quarter. Synovus Financial Corp lifted its holdings in United Parcel Service by 8.6% in the 3rd quarter. Synovus Financial Corp now owns 87,531 shares of the transportation company’s stock worth $11,934,000 after purchasing an additional 6,941 shares in the last quarter. Tidal Investments LLC boosted its stake in United Parcel Service by 26.8% in the 3rd quarter. Tidal Investments LLC now owns 34,255 shares of the transportation company’s stock worth $4,670,000 after purchasing an additional 7,240 shares during the period. Optimist Retirement Group LLC grew its holdings in United Parcel Service by 28.3% during the 3rd quarter. Optimist Retirement Group LLC now owns 3,079 shares of the transportation company’s stock valued at $420,000 after buying an additional 680 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB raised its position in shares of United Parcel Service by 31.5% during the third quarter. Wilmington Savings Fund Society FSB now owns 33,777 shares of the transportation company’s stock valued at $4,605,000 after buying an additional 8,097 shares during the last quarter. Hedge funds and other institutional investors own 60.26% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. Oppenheimer raised their price target on shares of United Parcel Service from $140.00 to $146.00 and gave the company an “outperform” rating in a research report on Monday, October 28th. Evercore ISI lifted their target price on United Parcel Service from $138.00 to $141.00 and gave the stock an “in-line” rating in a report on Tuesday, October 22nd. TD Cowen started coverage on United Parcel Service in a report on Thursday, August 22nd. They set a “hold” rating and a $144.00 price target on the stock. Argus raised United Parcel Service from a “hold” rating to a “buy” rating in a research report on Tuesday, November 5th. Finally, Bank of America boosted their target price on United Parcel Service from $132.00 to $150.00 and gave the stock a “neutral” rating in a research report on Friday, October 25th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $151.52.

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.