Smith Salley Wealth Management Has $493,000 Stock Position in United Parcel Service, Inc. (NYSE:UPS)

Smith Salley Wealth Management cut its position in United Parcel Service, Inc. (NYSE:UPS) by 3.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,910 shares of the transportation company’s stock after selling 132 shares during the period. Smith Salley Wealth Management’s holdings in United Parcel Service were worth $493,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in UPS. Cigna Investments Inc. New lifted its position in shares of United Parcel Service by 1.0% during the 3rd quarter. Cigna Investments Inc. New now owns 7,508 shares of the transportation company’s stock worth $1,024,000 after buying an additional 75 shares during the last quarter. Banco Santander S.A. grew its holdings in United Parcel Service by 0.6% during the 3rd quarter. Banco Santander S.A. now owns 12,596 shares of the transportation company’s stock worth $1,717,000 after acquiring an additional 79 shares during the last quarter. Gleason Group Inc. increased its holdings in United Parcel Service by 1.2% in the third quarter. Gleason Group Inc. now owns 6,576 shares of the transportation company’s stock valued at $897,000 after purchasing an additional 80 shares during the period. Tradewinds LLC. raised its position in shares of United Parcel Service by 1.8% during the third quarter. Tradewinds LLC. now owns 4,487 shares of the transportation company’s stock worth $612,000 after acquiring an additional 81 shares during the last quarter. Finally, OLD Second National Bank of Aurora raised its holdings in United Parcel Service by 1.2% during the 3rd quarter. OLD Second National Bank of Aurora now owns 7,177 shares of the transportation company’s stock worth $979,000 after purchasing an additional 83 shares during the last quarter. 60.26% of the stock is owned by institutional investors.

Insider Activity

In other United Parcel Service news, insider Norman M. Brothers, Jr. sold 7,325 shares of the stock in a transaction that occurred 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 directly owns 45,098 shares in the company, valued at $6,249,229.86. This trade represents a 13.97 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.13% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on UPS. The Goldman Sachs Group dropped their price objective on United Parcel Service from $165.00 to $162.00 and set a “buy” rating on the stock in a research note on Wednesday, October 9th. Evercore ISI lifted their price objective on shares of United Parcel Service from $138.00 to $141.00 and gave the company an “in-line” rating in a report on Tuesday, October 22nd. Stifel Nicolaus upped their price target on United Parcel Service from $151.00 to $156.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Wolfe Research raised shares of United Parcel Service from a “peer perform” rating to an “outperform” rating and set a $147.00 target price on the stock in a research report on Wednesday, January 8th. Finally, 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. Two investment 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’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $151.10.

United Parcel Service Price Performance

Shares of NYSE UPS opened at $129.77 on Monday. The firm has a market capitalization of $110.74 billion, a P/E ratio of 19.60, a P/E/G ratio of 1.73 and a beta of 1.00. 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 stock’s 50-day simple moving average is $128.95 and its two-hundred day simple moving average is $130.90. United Parcel Service, Inc. has a twelve month low of $121.56 and a twelve month high of $161.35.

United Parcel Service (NYSE:UPS) last released its quarterly earnings results on Thursday, October 24th. The transportation company reported $1.76 EPS for the quarter, topping analysts’ consensus estimates 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 business had revenue of $22.20 billion during the quarter, compared to analysts’ expectations of $22.10 billion. During the same quarter in the previous year, the company earned $1.57 EPS. The business’s quarterly revenue was up 5.4% compared to the same quarter last year. As a group, equities analysts anticipate that United Parcel Service, Inc. will post 7.49 EPS for the current fiscal year.

United Parcel Service Announces Dividend

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

United Parcel Service 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.