United Parcel Service, Inc. (NYSE:UPS) Shares Sold by MCF Advisors LLC

MCF Advisors LLC cut its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 9.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,006 shares of the transportation company’s stock after selling 108 shares during the period. MCF Advisors LLC’s holdings in United Parcel Service were worth $127,000 at the end of the most recent quarter.

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

Insider Activity at United Parcel Service

In related news, insider Norman M. Brothers, Jr. sold 7,325 shares of the company’s stock in a transaction dated 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 $6,249,229.86. This represents a 13.97 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.13% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. Wells Fargo & Company reduced their price objective on United Parcel Service from $155.00 to $150.00 and set an “overweight” rating for the company in a research note on Tuesday, January 7th. Barclays restated an “underweight” rating and set a $120.00 price target on shares of United Parcel Service in a report on Monday, October 21st. Oppenheimer boosted their price target on United Parcel Service from $140.00 to $146.00 and gave the company an “outperform” rating in a research note on Monday, October 28th. Evercore ISI increased their target price on shares of United Parcel Service from $141.00 to $147.00 and gave the stock an “in-line” rating in a research report on Wednesday. Finally, UBS Group boosted their target price on United Parcel Service from $159.00 to $170.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating, fifteen have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, United Parcel Service has a consensus rating of “Moderate Buy” and a consensus target price of $151.38.

United Parcel Service Stock Down 0.2 %

Shares of UPS opened at $132.59 on Thursday. United Parcel Service, Inc. has a 12 month low of $121.56 and a 12 month high of $161.35. The stock has a market cap of $113.15 billion, a price-to-earnings ratio of 20.03, a P/E/G ratio of 1.82 and a beta of 1.00. The company has a 50-day moving average price of $128.97 and a two-hundred day moving average price of $130.81. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.20.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings results on Thursday, October 24th. The transportation company reported $1.76 EPS 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 quarterly revenue was up 5.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.57 EPS. Equities analysts predict that United Parcel Service, Inc. will post 7.49 EPS for the current fiscal year.

United Parcel Service Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, December 5th. Investors of record on Monday, November 18th were issued a dividend of $1.63 per share. This represents a $6.52 annualized dividend and a yield of 4.92%. The ex-dividend date was Monday, November 18th. United Parcel Service’s dividend payout ratio is currently 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.