Redhawk Wealth Advisors Inc. Lowers Stake in United Parcel Service, Inc. (NYSE:UPS)

Redhawk Wealth Advisors Inc. reduced its position in United Parcel Service, Inc. (NYSE:UPS) by 12.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,794 shares of the transportation company’s stock after selling 246 shares during the quarter. Redhawk Wealth Advisors Inc.’s holdings in United Parcel Service were worth $226,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Blair William & Co. IL lifted its position in shares of United Parcel Service by 38.0% in the second quarter. Blair William & Co. IL now owns 245,087 shares of the transportation company’s stock valued at $33,540,000 after acquiring an additional 67,476 shares in the last quarter. Paces Ferry Wealth Advisors LLC raised its stake in United Parcel Service by 15.0% during the 2nd quarter. Paces Ferry Wealth Advisors LLC now owns 4,314 shares of the transportation company’s stock valued at $590,000 after purchasing an additional 563 shares during the period. Miramar Capital LLC raised its stake in United Parcel Service by 8.6% during the 2nd quarter. Miramar Capital LLC now owns 94,176 shares of the transportation company’s stock valued at $12,888,000 after purchasing an additional 7,449 shares during the period. Garner Asset Management Corp lifted its holdings in United Parcel Service by 28.1% in the 2nd quarter. Garner Asset Management Corp now owns 12,452 shares of the transportation company’s stock worth $1,704,000 after purchasing an additional 2,734 shares in the last quarter. Finally, Palouse Capital Management Inc. boosted its stake in United Parcel Service by 37.1% in the 2nd quarter. Palouse Capital Management Inc. now owns 18,319 shares of the transportation company’s stock worth $2,507,000 after purchasing an additional 4,955 shares during the period. 60.26% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at United Parcel Service

In other news, insider Norman M. Brothers, Jr. sold 7,325 shares of the firm’s 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 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 legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.13% of the company’s stock.

Analyst Upgrades and Downgrades

UPS has been the topic of several recent analyst reports. Bank of America upgraded shares of United Parcel Service from a “neutral” rating to a “buy” rating and set a $150.00 price objective on the stock in a research report on Thursday. Susquehanna lifted their price target on shares of United Parcel Service from $135.00 to $140.00 and gave the company a “neutral” rating in a report on Friday, October 25th. Argus upgraded shares of United Parcel Service from a “hold” rating to a “buy” rating in a research note on Tuesday, November 5th. Oppenheimer raised their price objective on United Parcel Service from $140.00 to $146.00 and gave the company an “outperform” rating in a research report on Monday, October 28th. Finally, JPMorgan Chase & Co. lifted their target price on United Parcel Service from $134.00 to $135.00 and gave the stock a “neutral” rating in a report on Tuesday, January 7th. Two analysts have rated the stock with a sell rating, five have issued a hold rating, fifteen have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, United Parcel Service currently has an average rating of “Moderate Buy” and a consensus target price of $151.10.

United Parcel Service Price Performance

United Parcel Service stock opened at $129.97 on Friday. The firm has a market capitalization of $110.91 billion, a PE ratio of 19.63, a price-to-earnings-growth ratio of 1.73 and a beta of 1.00. United Parcel Service, Inc. has a 12-month low of $121.56 and a 12-month high of $161.35. The firm has a 50-day moving average price of $129.09 and a 200-day moving average price of $130.98. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.20.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings data on Thursday, October 24th. The transportation company reported $1.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.63 by $0.13. The business had revenue of $22.20 billion during the quarter, compared to the consensus estimate of $22.10 billion. United Parcel Service had a net margin of 6.25% and a return on equity of 37.38%. The firm’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same quarter last year, the firm earned $1.57 earnings per share. As a group, equities research analysts forecast that United Parcel Service, Inc. will post 7.49 EPS for the current year.

United Parcel Service Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 5th. Shareholders of record on Monday, November 18th were paid a $1.63 dividend. The ex-dividend date of this dividend was Monday, November 18th. This represents a $6.52 dividend on an annualized basis and a yield of 5.02%. 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.