United Parcel Service, Inc. (NYSE:UPS) Stock Position Decreased by Sigma Planning Corp

Sigma Planning Corp decreased its position in United Parcel Service, Inc. (NYSE:UPS) by 58.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 6,492 shares of the transportation company’s stock after selling 9,258 shares during the period. Sigma Planning Corp’s holdings in United Parcel Service were worth $1,021,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Tennessee Valley Asset Management Partners bought a new position in United Parcel Service in the 4th quarter worth about $26,000. OFI Invest Asset Management bought a new position in United Parcel Service in the 3rd quarter worth about $25,000. Life Planning Partners Inc bought a new position in United Parcel Service in the 4th quarter worth about $28,000. Bourgeon Capital Management LLC bought a new position in United Parcel Service in the 4th quarter worth about $31,000. Finally, VisionPoint Advisory Group LLC lifted its stake in shares of United Parcel Service by 69.5% in the 3rd quarter. VisionPoint Advisory Group LLC now owns 239 shares of the transportation company’s stock worth $37,000 after acquiring an additional 98 shares during the period. Institutional investors own 60.26% of the company’s stock.

Insider Buying and Selling at United Parcel Service

In related news, Director Eva C. Boratto acquired 1,400 shares of the company’s stock in a transaction on Friday, February 2nd. The shares were purchased at an average price of $142.30 per share, for a total transaction of $199,220.00. Following the purchase, the director now owns 1,400 shares in the company, valued at $199,220. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.13% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Morgan Stanley upped their price target on shares of United Parcel Service from $95.00 to $100.00 and gave the stock an “underweight” rating in a research note on Wednesday, March 27th. Evercore ISI reaffirmed an “in-line” rating and issued a $154.00 price target on shares of United Parcel Service in a research note on Wednesday, March 27th. Stifel Nicolaus reduced their price target on shares of United Parcel Service from $178.00 to $170.00 and set a “buy” rating for the company in a research note on Thursday, March 28th. Redburn Atlantic raised shares of United Parcel Service from a “neutral” rating to a “buy” rating and set a $180.00 price target for the company in a research note on Wednesday, April 3rd. Finally, JPMorgan Chase & Co. reduced their price target on shares of United Parcel Service from $154.00 to $150.00 and set a “neutral” rating for the company in a research note on Tuesday, April 9th. One research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $165.61.

United Parcel Service Stock Up 2.4 %

Shares of NYSE:UPS opened at $148.85 on Wednesday. The company has a market cap of $126.92 billion, a PE ratio of 19.11, a price-to-earnings-growth ratio of 1.69 and a beta of 1.05. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.10 and a current ratio of 1.10. The firm has a 50 day simple moving average of $149.52 and a 200 day simple moving average of $151.06. United Parcel Service, Inc. has a 52 week low of $133.68 and a 52 week high of $197.31.

United Parcel Service (NYSE:UPS) last released its quarterly earnings data on Tuesday, April 23rd. The transportation company reported $1.43 earnings per share for the quarter, missing the consensus estimate of $1.57 by ($0.14). The company had revenue of $21.70 billion during the quarter, compared to analyst estimates of $21.84 billion. United Parcel Service had a net margin of 7.37% and a return on equity of 39.46%. The firm’s quarterly revenue was down 5.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.20 EPS. As a group, research analysts expect that United Parcel Service, Inc. will post 8.2 earnings per share for the current year.

United Parcel Service Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 8th. Shareholders of record on Tuesday, February 20th were paid a $1.63 dividend. This represents a $6.52 annualized dividend and a yield of 4.38%. The ex-dividend date was Friday, February 16th. This is a positive change from United Parcel Service’s previous quarterly dividend of $1.62. United Parcel Service’s dividend payout ratio is currently 83.70%.

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.