Sumitomo Life Insurance Co. Sells 349 Shares of United Parcel Service, Inc. (NYSE:UPS)

Sumitomo Life Insurance Co. cut its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 2.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 11,857 shares of the transportation company’s stock after selling 349 shares during the period. Sumitomo Life Insurance Co.’s holdings in United Parcel Service were worth $1,495,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. IFS Advisors LLC lifted its position in shares of United Parcel Service by 232.3% during the 4th quarter. IFS Advisors LLC now owns 216 shares of the transportation company’s stock worth $27,000 after buying an additional 151 shares during the last quarter. True Wealth Design LLC boosted its stake in shares of 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 purchasing an additional 171 shares in the last quarter. PSI Advisors LLC grew its holdings 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 purchasing an additional 200 shares during the last quarter. Princeton Global Asset Management LLC increased its position in 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 worth $34,000 after purchasing an additional 216 shares in the last quarter. Finally, FSA Wealth Management LLC bought a new position in United Parcel Service in the 3rd quarter valued at approximately $36,000. Institutional investors and hedge funds own 60.26% of the company’s stock.

United Parcel Service Stock Down 1.2 %

Shares of NYSE UPS opened at $133.81 on Thursday. United Parcel Service, Inc. has a 12-month low of $121.56 and a 12-month high of $158.95. 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 firm has a market cap of $114.19 billion, a PE ratio of 20.21, a P/E/G ratio of 1.86 and a beta of 1.00. The company’s fifty day simple moving average is $129.01 and its 200 day simple moving average is $130.70.

United Parcel Service Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, December 5th. Stockholders of record on Monday, November 18th were paid a $1.63 dividend. The ex-dividend date was Monday, November 18th. This represents a $6.52 annualized dividend and a dividend yield of 4.87%. United Parcel Service’s dividend payout ratio is presently 98.49%.

Insider Activity at United Parcel Service

In other United Parcel Service news, insider Norman M. Brothers, Jr. sold 7,325 shares of the company’s stock in a transaction on 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 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 hyperlink. 0.13% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on UPS shares. Citigroup lowered their price target on shares of United Parcel Service from $163.00 to $158.00 and set a “buy” rating for the company in a report on Tuesday, November 12th. Susquehanna increased their target price on United Parcel Service from $135.00 to $140.00 and gave the company a “neutral” rating in a research report on Friday, October 25th. The Goldman Sachs Group reduced their price target on United Parcel Service from $165.00 to $162.00 and set a “buy” rating on the stock in a report on Wednesday, October 9th. UBS Group raised their price objective on shares of United Parcel Service from $159.00 to $170.00 and gave the company a “buy” rating in a report on Friday, October 25th. Finally, StockNews.com raised shares of United Parcel Service from a “hold” rating to a “buy” rating in a report on Wednesday, November 6th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating, fifteen have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $151.24.

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.