Blue Trust Inc. Sells 10,500 Shares of United Parcel Service, Inc. $UPS

Blue Trust Inc. cut its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 66.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,285 shares of the transportation company’s stock after selling 10,500 shares during the quarter. Blue Trust Inc.’s holdings in United Parcel Service were worth $524,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of UPS. Salzhauer Michael purchased a new position in United Parcel Service in the 3rd quarter worth approximately $31,000. Physician Wealth Advisors Inc. lifted its position in United Parcel Service by 76.5% in the third quarter. Physician Wealth Advisors Inc. now owns 376 shares of the transportation company’s stock valued at $31,000 after purchasing an additional 163 shares during the last quarter. Twin Peaks Wealth Advisors LLC purchased a new stake in shares of United Parcel Service during the second quarter valued at approximately $34,000. Avion Wealth boosted its stake in shares of United Parcel Service by 284.1% during the third quarter. Avion Wealth now owns 434 shares of the transportation company’s stock valued at $36,000 after purchasing an additional 321 shares during the period. Finally, Winch Advisory Services LLC grew its holdings in shares of United Parcel Service by 37.3% in the third quarter. Winch Advisory Services LLC now owns 456 shares of the transportation company’s stock worth $38,000 after purchasing an additional 124 shares during the last quarter. 60.26% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at United Parcel Service

In related news, insider Norman M. Brothers, Jr. sold 25,014 shares of the business’s stock in a transaction dated 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 SEC, which is available at this hyperlink. 0.13% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

UPS has been the topic of several analyst reports. Stephens lifted their target price on shares of United Parcel Service from $113.00 to $115.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 28th. Weiss Ratings raised shares of United Parcel Service from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, February 6th. Sanford C. Bernstein boosted their price objective on shares of United Parcel Service from $122.00 to $125.00 and gave the company an “outperform” rating in a research report on Friday, January 9th. Stifel Nicolaus upped their price objective on shares of United Parcel Service from $112.00 to $116.00 and gave the company a “buy” rating in a research note on Wednesday, January 28th. Finally, JPMorgan Chase & Co. increased their target price on shares of United Parcel Service from $99.00 to $107.00 and gave the stock a “neutral” rating in a report on Wednesday, January 28th. Two investment analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, fourteen have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $113.67.

United Parcel Service Trading Up 0.1%

UPS opened at $98.30 on Friday. The stock has a market cap of $83.46 billion, a PE ratio of 14.98, a PEG ratio of 1.54 and a beta of 1.12. The business has a 50 day moving average of $107.14 and a 200-day moving average of $99.19. United Parcel Service, Inc. has a 52 week low of $82.00 and a 52 week high of $122.41. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 1.45.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings data on Tuesday, January 27th. The transportation company reported $2.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.20 by $0.18. The business had revenue of $24.48 billion during the quarter, compared to the consensus estimate of $23.91 billion. United Parcel Service had a return on equity of 38.30% and a net margin of 6.28%.The firm’s quarterly revenue was down 3.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.75 earnings per share. Equities research analysts predict that United Parcel Service, Inc. will post 7.95 earnings per share 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 given a dividend of $1.64 per share. This represents a $6.56 dividend on an annualized basis and a yield of 6.7%. The ex-dividend date of this dividend was Tuesday, February 17th. United Parcel Service’s dividend payout ratio (DPR) is 100.00%.

About United Parcel Service

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.