Penn Davis Mcfarland Inc. Trims Stock Position in United Parcel Service, Inc. (NYSE:UPS)

Penn Davis Mcfarland Inc. lessened its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 1.4% during the fourth quarter, HoldingsChannel.com reports. The fund owned 32,574 shares of the transportation company’s stock after selling 455 shares during the period. Penn Davis Mcfarland Inc.’s holdings in United Parcel Service were worth $4,108,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. IFS Advisors LLC increased 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 worth $27,000 after purchasing an additional 151 shares during the period. True Wealth Design LLC increased its stake 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 worth $29,000 after acquiring an additional 171 shares during the last quarter. PSI Advisors LLC boosted its position in shares of United Parcel Service by 408.2% during the 3rd quarter. PSI Advisors LLC now owns 249 shares of the transportation company’s stock valued at $34,000 after acquiring an additional 200 shares during the last quarter. Princeton Global Asset Management LLC boosted its position in shares of United Parcel Service by 720.0% during the 3rd 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 during the last quarter. Finally, FSA Wealth Management LLC purchased a new position in shares of United Parcel Service during the third quarter worth about $36,000. 60.26% of the stock is owned by institutional investors.

Analyst Ratings Changes

UPS has been the subject of several research analyst reports. JPMorgan Chase & Co. lifted their target price on shares of United Parcel Service from $134.00 to $135.00 and gave the company a “neutral” rating in a research report on Tuesday, January 7th. BMO Capital Markets raised shares of United Parcel Service from a “market perform” rating to an “outperform” rating and dropped their price objective for the stock from $155.00 to $150.00 in a report on Tuesday, December 10th. Bank of America raised United Parcel Service from a “neutral” rating to a “buy” rating and set a $150.00 target price on the stock in a research note on Thursday. Citigroup dropped their price target on United Parcel Service from $163.00 to $158.00 and set a “buy” rating for the company in a research note on Tuesday, November 12th. Finally, Stifel Nicolaus upped their price objective on United Parcel Service from $151.00 to $156.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating, fifteen have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $151.10.

Insider Activity

In other 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 completion of the transaction, 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.13% of the company’s stock.

United Parcel Service Stock Down 0.1 %

Shares of NYSE:UPS opened at $129.77 on Monday. The company has a market cap of $110.74 billion, a PE ratio of 19.60, a P/E/G ratio of 1.73 and a beta of 1.00. United Parcel Service, Inc. has a 1 year low of $121.56 and a 1 year high of $161.35. The stock’s 50-day moving average is $128.95 and its 200 day moving average is $130.90. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.14 and a quick ratio of 1.14.

United Parcel Service (NYSE:UPS) last announced its earnings results on Thursday, October 24th. The transportation company reported $1.76 EPS for the quarter, beating analysts’ consensus estimates of $1.63 by $0.13. The company had revenue of $22.20 billion during the quarter, compared to the consensus estimate of $22.10 billion. United Parcel Service had a return on equity of 37.38% and a net margin of 6.25%. The firm’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.57 earnings per share. Sell-side analysts anticipate that United Parcel Service, Inc. will post 7.49 EPS for the current year.

United Parcel Service Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, December 5th. Stockholders of record on Monday, November 18th were given a $1.63 dividend. The ex-dividend date 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 is 98.49%.

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.