Procyon Advisors LLC Sells 2,453 Shares of United Parcel Service, Inc. (NYSE:UPS)

Procyon Advisors LLC decreased its holdings in United Parcel Service, Inc. (NYSE:UPS) by 11.4% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 19,157 shares of the transportation company’s stock after selling 2,453 shares during the period. Procyon Advisors LLC’s holdings in United Parcel Service were worth $3,012,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the stock. MWA Asset Management purchased a new stake in shares of United Parcel Service during the 3rd quarter worth $2,125,000. Chesapeake Wealth Management raised its holdings in United Parcel Service by 1.3% in the third quarter. Chesapeake Wealth Management now owns 7,886 shares of the transportation company’s stock worth $1,229,000 after purchasing an additional 103 shares in the last quarter. Ergoteles LLC purchased a new stake in shares of United Parcel Service during the second quarter valued at about $8,571,000. Telos Capital Management Inc. boosted its holdings in shares of United Parcel Service by 1.0% in the 3rd quarter. Telos Capital Management Inc. now owns 74,337 shares of the transportation company’s stock valued at $11,587,000 after buying an additional 740 shares in the last quarter. Finally, State Street Corp boosted its holdings in shares of United Parcel Service by 1.3% in the 2nd quarter. State Street Corp now owns 28,354,781 shares of the transportation company’s stock valued at $5,082,594,000 after buying an additional 357,974 shares in the last quarter. Hedge funds and other institutional investors own 60.26% of the company’s stock.

United Parcel Service Stock Performance

UPS traded up $0.22 during midday trading on Thursday, hitting $147.55. 528,661 shares of the company were exchanged, compared to its average volume of 4,348,875. The firm has a market capitalization of $125.81 billion, a price-to-earnings ratio of 18.91, a price-to-earnings-growth ratio of 1.64 and a beta of 1.05. The company’s 50 day simple moving average is $150.79 and its 200 day simple moving average is $152.28. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.09. United Parcel Service, Inc. has a 1-year low of $133.68 and a 1-year high of $197.80.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings data on Tuesday, January 30th. The transportation company reported $2.47 EPS for the quarter, topping analysts’ consensus estimates of $2.46 by $0.01. The business had revenue of $24.92 billion for the quarter, compared to analysts’ expectations of $25.40 billion. United Parcel Service had a net margin of 7.37% and a return on equity of 39.46%. The business’s revenue was down 7.8% on a year-over-year basis. During the same quarter last year, the company earned $3.62 EPS. As a group, sell-side analysts predict that United Parcel Service, Inc. will post 8.29 earnings per share for the current year.

United Parcel Service Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 8th. Investors of record on Tuesday, February 20th were issued a $1.63 dividend. This represents a $6.52 annualized dividend and a yield of 4.42%. 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 payout ratio is presently 83.70%.

Analyst Ratings Changes

A number of equities research analysts recently commented on UPS shares. Evercore ISI reissued an “in-line” rating and set a $154.00 target price on shares of United Parcel Service in a research report on Wednesday. Oppenheimer reissued an “outperform” rating and issued a $153.00 price objective on shares of United Parcel Service in a research report on Wednesday. Susquehanna restated a “neutral” rating and set a $150.00 target price on shares of United Parcel Service in a research note on Wednesday. Robert W. Baird raised United Parcel Service from a “neutral” rating to an “outperform” rating and raised their price target for the stock from $165.00 to $170.00 in a report on Friday, February 16th. Finally, Raymond James dropped their price target on United Parcel Service from $185.00 to $175.00 and set a “strong-buy” rating on the stock in a research note on Wednesday, January 31st. One equities research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, United Parcel Service presently has an average rating of “Hold” and a consensus target price of $166.48.

Insiders Place Their Bets

In related news, Director Eva C. Boratto bought 1,400 shares of the business’s stock in a transaction dated Friday, February 2nd. The stock was acquired at an average price of $142.30 per share, with a total value of $199,220.00. Following the completion of the purchase, the director now directly owns 1,400 shares of the company’s stock, valued at $199,220. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.13% of the stock is currently owned by company insiders.

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.