Procyon Advisors LLC Has $1.21 Million Holdings in United Parcel Service, Inc. (NYSE:UPS)

Procyon Advisors LLC trimmed its holdings in United Parcel Service, Inc. (NYSE:UPS) by 51.4% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 9,617 shares of the transportation company’s stock after selling 10,185 shares during the period. Procyon Advisors LLC’s holdings in United Parcel Service were worth $1,213,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. State Street Corp raised its stake in United Parcel Service by 2.1% in the 3rd quarter. State Street Corp now owns 29,597,425 shares of the transportation company’s stock valued at $4,035,313,000 after acquiring an additional 613,409 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in shares of United Parcel Service by 6.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 21,927,607 shares of the transportation company’s stock valued at $2,989,609,000 after purchasing an additional 1,320,921 shares during the last quarter. Geode Capital Management LLC raised its position in shares of United Parcel Service by 2.5% in the third quarter. Geode Capital Management LLC now owns 15,289,624 shares of the transportation company’s stock valued at $2,080,170,000 after purchasing an additional 373,202 shares during the period. International Assets Investment Management LLC lifted its stake in shares of United Parcel Service by 15,779.6% during the 3rd quarter. International Assets Investment Management LLC now owns 14,631,461 shares of the transportation company’s stock worth $1,994,853,000 after buying an additional 14,539,321 shares during the last quarter. Finally, FMR LLC lifted its stake in shares of United Parcel Service by 3.7% during the 3rd quarter. FMR LLC now owns 10,627,550 shares of the transportation company’s stock worth $1,448,960,000 after buying an additional 380,229 shares during the last quarter. 60.26% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms have weighed in on UPS. Barclays reissued an “underweight” rating and issued a $120.00 price target on shares of United Parcel Service in a report on Monday, October 21st. UBS Group increased their target price on United Parcel Service from $159.00 to $170.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. BMO Capital Markets upgraded United Parcel Service from a “market perform” rating to an “outperform” rating and reduced their price target for the company from $155.00 to $150.00 in a research note on Tuesday, December 10th. Argus upgraded United Parcel Service from a “hold” rating to a “buy” rating in a research report on Tuesday, November 5th. Finally, Wells Fargo & Company dropped their target price on United Parcel Service from $155.00 to $150.00 and set an “overweight” rating for the company in a report on Tuesday, January 7th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating, fifteen have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $151.10.

Insider Buying and Selling at United Parcel Service

In other news, insider Norman M. Brothers, Jr. sold 7,325 shares of United Parcel Service stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $138.57, for a total transaction of $1,015,025.25. Following the sale, the insider now directly owns 45,098 shares of the company’s stock, valued at approximately $6,249,229.86. This trade represents a 13.97 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 0.13% of the company’s stock.

United Parcel Service Trading Down 0.1 %

Shares of UPS stock opened at $129.77 on Friday. United Parcel Service, Inc. has a fifty-two week low of $121.56 and a fifty-two week high of $161.35. The stock’s fifty day moving average price is $129.01 and its two-hundred day moving average price is $130.97. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.14 and a current ratio of 1.14. 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 (NYSE:UPS) last released its quarterly earnings data on Thursday, October 24th. The transportation company reported $1.76 earnings per share for the quarter, beating the consensus estimate of $1.63 by $0.13. The business had revenue of $22.20 billion for the quarter, compared to analyst estimates of $22.10 billion. United Parcel Service had a return on equity of 37.38% and a net margin of 6.25%. United Parcel Service’s revenue was up 5.4% compared to the same quarter last year. During the same period last year, the firm posted $1.57 earnings per share. Equities analysts predict that United Parcel Service, Inc. will post 7.49 EPS for the current fiscal year.

United Parcel Service Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 5th. Investors of record on Monday, November 18th were paid a $1.63 dividend. This represents a $6.52 annualized dividend and a yield of 5.02%. The ex-dividend date of this dividend was Monday, November 18th. United Parcel Service’s payout ratio is 98.49%.

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.