Quantum Financial Advisors LLC Sells 176 Shares of United Parcel Service, Inc. (NYSE:UPS)

Quantum Financial Advisors LLC lowered its holdings in United Parcel Service, Inc. (NYSE:UPS) by 9.9% during the fourth quarter, HoldingsChannel.com reports. The fund owned 1,608 shares of the transportation company’s stock after selling 176 shares during the period. Quantum Financial Advisors LLC’s holdings in United Parcel Service were worth $203,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. Cigna Investments Inc. New raised 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 buying an additional 75 shares in the last quarter. Banco Santander S.A. raised its stake in United Parcel Service by 0.6% during 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 holdings in shares of United Parcel Service by 1.2% during the third 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 during the period. Tradewinds LLC. boosted its stake in shares of United Parcel Service by 1.8% in the 3rd quarter. Tradewinds LLC. now owns 4,487 shares of the transportation company’s stock valued at $612,000 after purchasing an additional 81 shares in the last quarter. Finally, OLD Second National Bank of Aurora grew its holdings in shares of United Parcel Service by 1.2% in the 3rd quarter. OLD Second National Bank of Aurora now owns 7,177 shares of the transportation company’s stock worth $979,000 after purchasing an additional 83 shares during the last quarter. Institutional investors and hedge funds own 60.26% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. Wells Fargo & Company cut their price target on shares of United Parcel Service from $155.00 to $150.00 and set an “overweight” rating for the company in a report on Tuesday, January 7th. Stifel Nicolaus lifted their target price on shares of United Parcel Service from $151.00 to $156.00 and gave the company a “buy” rating in a research note on Friday, October 25th. StockNews.com raised United Parcel Service from a “hold” rating to a “buy” rating in a report on Wednesday, November 6th. Evercore ISI raised their price target on United Parcel Service from $138.00 to $141.00 and gave the company an “in-line” rating in a report on Tuesday, October 22nd. Finally, Susquehanna boosted their price objective on United Parcel Service from $135.00 to $140.00 and gave the stock a “neutral” rating in a research note on Friday, October 25th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, fourteen have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, United Parcel Service presently has a consensus rating of “Moderate Buy” and an average target price of $151.10.

Insider Activity

In related news, insider Norman M. Brothers, Jr. sold 7,325 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $138.57, for a total value of $1,015,025.25. Following the completion of the transaction, the insider now directly owns 45,098 shares in the company, valued at approximately $6,249,229.86. The trade was a 13.97 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.13% of the stock is owned by company insiders.

United Parcel Service Trading Up 1.5 %

NYSE UPS opened at $125.14 on Tuesday. United Parcel Service, Inc. has a 12 month low of $121.56 and a 12 month high of $161.35. The stock has a 50-day simple moving average of $129.38 and a 200 day simple moving average of $131.08. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.20. The company has a market capitalization of $106.79 billion, a PE ratio of 18.90, a P/E/G ratio of 2.11 and a beta of 1.00.

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 analysts’ consensus estimates of $1.63 by $0.13. United Parcel Service had a return on equity of 37.38% and a net margin of 6.25%. The company had revenue of $22.20 billion during the quarter, compared to analysts’ expectations of $22.10 billion. During the same period in the prior year, the business posted $1.57 EPS. United Parcel Service’s revenue was up 5.4% on a year-over-year basis. Research analysts forecast that United Parcel Service, Inc. will post 7.48 EPS for the current year.

United Parcel Service Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, December 5th. Stockholders of record on Monday, November 18th were given a dividend of $1.63 per share. The ex-dividend date of this dividend was Monday, November 18th. This represents a $6.52 dividend on an annualized basis and a dividend yield of 5.21%. United Parcel Service’s dividend payout ratio is 98.49%.

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.