United Parcel Service, Inc. (NYSE:UPS) Shares Sold by Patriot Investment Management Group Inc.

Patriot Investment Management Group Inc. decreased its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 14.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,300 shares of the transportation company’s stock after selling 709 shares during the quarter. Patriot Investment Management Group Inc.’s holdings in United Parcel Service were worth $542,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. IFS Advisors LLC increased its stake in United Parcel Service by 232.3% during the fourth quarter. IFS Advisors LLC now owns 216 shares of the transportation company’s stock worth $27,000 after purchasing an additional 151 shares during the period. True Wealth Design LLC grew its holdings in shares of United Parcel Service by 397.7% in the third quarter. True Wealth Design LLC now owns 214 shares of the transportation company’s stock valued at $29,000 after purchasing an additional 171 shares in the last quarter. PSI Advisors LLC increased its stake in United Parcel Service by 408.2% during the 3rd quarter. PSI Advisors LLC now owns 249 shares of the transportation company’s stock worth $34,000 after buying an additional 200 shares during the period. Princeton Global Asset Management LLC increased its stake in United Parcel Service by 720.0% during the 3rd quarter. Princeton Global Asset Management LLC now owns 246 shares of the transportation company’s stock worth $34,000 after buying an additional 216 shares during the period. Finally, FSA Wealth Management LLC acquired a new stake in United Parcel Service during the 3rd quarter worth approximately $36,000. 60.26% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on UPS shares. Citigroup cut their price objective on United Parcel Service from $163.00 to $158.00 and set a “buy” rating on the stock in a research report on Tuesday, November 12th. Wolfe Research upgraded shares of United Parcel Service from a “peer perform” rating to an “outperform” rating and set a $147.00 target price for the company in a research note on Wednesday, January 8th. Wells Fargo & Company cut their price target on United Parcel Service from $155.00 to $150.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 7th. Evercore ISI upped their price objective on United Parcel Service from $141.00 to $147.00 and gave the stock an “in-line” rating in a research report on Wednesday. Finally, Oppenheimer raised their target price on United Parcel Service from $140.00 to $146.00 and gave the stock an “outperform” rating in a research report on Monday, October 28th. Two analysts have rated the stock with a sell rating, five have issued a hold rating, fifteen have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, United Parcel Service currently has a consensus rating of “Moderate Buy” and an average price target of $151.24.

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 completion of the sale, the insider now 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.13% of the company’s stock.

United Parcel Service Price Performance

UPS opened at $133.61 on Friday. The company’s 50 day simple moving average is $128.95 and its 200 day simple moving average is $130.82. The stock has a market capitalization of $114.01 billion, a PE ratio of 20.18, a P/E/G ratio of 1.86 and a beta of 1.00. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.14 and a current ratio of 1.14. United Parcel Service, Inc. has a 1 year low of $121.56 and a 1 year high of $161.35.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings results on Thursday, October 24th. The transportation company reported $1.76 earnings per share for the quarter, beating 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 firm had revenue of $22.20 billion for the quarter, compared to analysts’ expectations of $22.10 billion. During the same period in the previous year, the company posted $1.57 earnings per share. United Parcel Service’s revenue was up 5.4% compared to the same quarter last year. As a group, sell-side analysts expect 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. Stockholders of record on Monday, November 18th were paid a dividend of $1.63 per share. The ex-dividend date was Monday, November 18th. This represents a $6.52 annualized dividend and a dividend yield of 4.88%. United Parcel Service’s dividend payout ratio is presently 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.