United Parcel Service, Inc. (NYSE:UPS) Stock Holdings Decreased by Center for Financial Planning Inc.

Center for Financial Planning Inc. reduced its position in United Parcel Service, Inc. (NYSE:UPS) by 18.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,537 shares of the transportation company’s stock after selling 585 shares during the period. Center for Financial Planning Inc.’s holdings in United Parcel Service were worth $320,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. True Wealth Design LLC increased its position 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 worth $29,000 after acquiring an additional 171 shares in the last quarter. IFS Advisors LLC increased its position in shares of United Parcel Service by 232.3% in the fourth quarter. IFS Advisors LLC now owns 216 shares of the transportation company’s stock worth $27,000 after acquiring an additional 151 shares in the last quarter. Princeton Global Asset Management LLC increased its position in shares of United Parcel Service by 720.0% in the third quarter. Princeton Global Asset Management LLC now owns 246 shares of the transportation company’s stock worth $34,000 after acquiring an additional 216 shares in the last quarter. PSI Advisors LLC increased its position in shares of United Parcel Service by 408.2% in the third quarter. PSI Advisors LLC now owns 249 shares of the transportation company’s stock worth $34,000 after acquiring an additional 200 shares in the last quarter. Finally, FSA Wealth Management LLC purchased a new position in shares of United Parcel Service in the third quarter worth approximately $36,000. 60.26% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at United Parcel Service

In other United Parcel Service news, insider Norman M. Brothers, Jr. sold 7,325 shares of the stock in a transaction on Monday, November 25th. The shares were sold at an average price of $138.57, for a total value of $1,015,025.25. Following the completion of the sale, the insider now directly owns 45,098 shares of the company’s stock, valued at $6,249,229.86. This represents a 13.97 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.13% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on UPS. Raymond James lowered their price objective on shares of United Parcel Service from $155.00 to $145.00 and set a “strong-buy” rating on the stock in a research report on Friday, January 31st. JPMorgan Chase & Co. lowered their price objective on shares of United Parcel Service from $135.00 to $120.00 and set a “neutral” rating on the stock in a research report on Friday, January 31st. Evercore ISI boosted their price objective on shares of United Parcel Service from $141.00 to $147.00 and gave the company an “in-line” rating in a research report on Wednesday, January 22nd. Barclays reaffirmed an “underweight” rating and set a $120.00 price objective on shares of United Parcel Service in a research report on Monday, October 21st. Finally, Wolfe Research raised shares of United Parcel Service from a “peer perform” rating to an “outperform” rating and set a $147.00 price objective on the stock in a research report on Wednesday, January 8th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $140.73.

United Parcel Service Price Performance

NYSE UPS opened at $116.37 on Friday. The company has a current ratio of 1.17, a quick ratio of 1.14 and a debt-to-equity ratio of 1.16. The company has a fifty day simple moving average of $124.72 and a 200 day simple moving average of $128.86. The company has a market cap of $99.31 billion, a P/E ratio of 17.21, a P/E/G ratio of 1.50 and a beta of 0.98. United Parcel Service, Inc. has a 1 year low of $109.40 and a 1 year high of $158.95.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings results on Thursday, January 30th. The transportation company reported $2.75 earnings per share for the quarter, beating analysts’ consensus estimates of $2.52 by $0.23. United Parcel Service had a net margin of 6.35% and a return on equity of 39.13%. During the same period in the prior year, the firm posted $2.47 earnings per share. On average, sell-side analysts predict that United Parcel Service, Inc. will post 7.99 EPS for the current year.

United Parcel Service Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 6th. Shareholders of record on Tuesday, February 18th will be issued a $1.64 dividend. The ex-dividend date of this dividend is Tuesday, February 18th. This is an increase from United Parcel Service’s previous quarterly dividend of $1.63. This represents a $6.56 dividend on an annualized basis and a yield of 5.64%. United Parcel Service’s dividend payout ratio is 96.45%.

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.