Armstrong Advisory Group Inc. Reduces Holdings in United Parcel Service, Inc. $UPS

Armstrong Advisory Group Inc. trimmed its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 13.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 41,287 shares of the transportation company’s stock after selling 6,279 shares during the quarter. Armstrong Advisory Group Inc.’s holdings in United Parcel Service were worth $4,095,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in UPS. Brighton Jones LLC grew its position in shares of United Parcel Service by 63.8% during the 4th quarter. Brighton Jones LLC now owns 12,126 shares of the transportation company’s stock valued at $1,529,000 after acquiring an additional 4,723 shares during the period. Sivia Capital Partners LLC purchased a new stake in United Parcel Service in the second quarter worth about $277,000. SVB Wealth LLC purchased a new stake in United Parcel Service in the second quarter worth about $848,000. TD Waterhouse Canada Inc. raised its stake in shares of United Parcel Service by 7.9% in the second quarter. TD Waterhouse Canada Inc. now owns 29,232 shares of the transportation company’s stock worth $3,070,000 after buying an additional 2,141 shares during the period. Finally, Prudential PLC raised its stake in shares of United Parcel Service by 32.5% in the second quarter. Prudential PLC now owns 13,928 shares of the transportation company’s stock worth $1,406,000 after buying an additional 3,414 shares during the period. 60.26% of the stock is owned by hedge funds and other institutional investors.

United Parcel Service Stock Performance

NYSE UPS opened at $95.94 on Friday. The stock has a market capitalization of $81.46 billion, a PE ratio of 14.63, a P/E/G ratio of 1.51 and a beta of 1.08. The business has a 50 day simple moving average of $109.19 and a two-hundred day simple moving average of $98.30. The company has a debt-to-equity ratio of 1.45, a current ratio of 1.22 and a quick ratio of 1.22. United Parcel Service, Inc. has a 1-year low of $82.00 and a 1-year high of $122.41.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings data on Tuesday, January 27th. The transportation company reported $2.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.20 by $0.18. The business had revenue of $24.48 billion for the quarter, compared to analysts’ expectations of $23.91 billion. United Parcel Service had a return on equity of 38.30% and a net margin of 6.28%.The company’s revenue for the quarter was down 3.2% on a year-over-year basis. During the same period in the prior year, the firm earned $2.75 EPS. On average, research analysts predict that United Parcel Service, Inc. will post 7.95 EPS for the current fiscal year.

United Parcel Service Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 5th. Investors of record on Tuesday, February 17th were paid a dividend of $1.64 per share. The ex-dividend date of this dividend was Tuesday, February 17th. This represents a $6.56 dividend on an annualized basis and a yield of 6.8%. United Parcel Service’s dividend payout ratio is presently 100.00%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on UPS. Weiss Ratings upgraded United Parcel Service from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, February 6th. Evercore raised their target price on shares of United Parcel Service from $94.00 to $113.00 and gave the stock an “in-line” rating in a research note on Wednesday, January 21st. HSBC raised shares of United Parcel Service from a “hold” rating to a “buy” rating in a report on Wednesday, January 28th. Wells Fargo & Company increased their price objective on shares of United Parcel Service from $96.00 to $110.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 28th. Finally, UBS Group raised their price objective on shares of United Parcel Service from $116.00 to $125.00 and gave the company a “buy” rating in a research report on Wednesday, January 28th. Two analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, fourteen have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $113.67.

Insider Transactions at United Parcel Service

In other United Parcel Service news, insider Norman M. Brothers, Jr. sold 25,014 shares of the stock in a transaction on Wednesday, January 28th. The shares were sold at an average price of $106.15, for a total transaction of $2,655,236.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.13% of the stock is currently owned by insiders.

United Parcel Service Company Profile

United Parcel Service (NYSE: UPS) is a global package delivery and supply chain management company that provides a broad range of transportation, logistics and e-commerce services. Its core business centers on small-package delivery and last-mile distribution for business and individual customers, supported by a network of ground transportation, air cargo operations (UPS Airlines) and sorting facilities. In addition to parcel delivery, UPS offers freight transportation, contract logistics, warehousing, customs brokerage and reverse-logistics solutions designed to support domestic and international commerce.

The company traces its roots to 1907 when it began as a small messenger service in the United States and later evolved into the United Parcel Service.