Patriot Financial Group Insurance Agency LLC Sells 5,495 Shares of United Parcel Service, Inc. $UPS

Patriot Financial Group Insurance Agency LLC reduced its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 63.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,111 shares of the transportation company’s stock after selling 5,495 shares during the quarter. Patriot Financial Group Insurance Agency LLC’s holdings in United Parcel Service were worth $309,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its stake in United Parcel Service by 0.6% during the third quarter. Vanguard Group Inc. now owns 67,277,988 shares of the transportation company’s stock worth $5,619,730,000 after acquiring an additional 372,850 shares during the last quarter. State Street Corp increased its stake in United Parcel Service by 0.9% during the third quarter. State Street Corp now owns 31,063,250 shares of the transportation company’s stock worth $2,594,713,000 after acquiring an additional 288,720 shares during the last quarter. Victory Capital Management Inc. increased its stake in United Parcel Service by 10.5% during the third quarter. Victory Capital Management Inc. now owns 7,991,490 shares of the transportation company’s stock worth $667,109,000 after acquiring an additional 761,217 shares during the last quarter. Invesco Ltd. increased its stake in United Parcel Service by 17.3% during the third quarter. Invesco Ltd. now owns 6,724,265 shares of the transportation company’s stock worth $561,678,000 after acquiring an additional 993,461 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in United Parcel Service by 10.6% during the third quarter. Dimensional Fund Advisors LP now owns 5,072,282 shares of the transportation company’s stock worth $423,746,000 after acquiring an additional 486,384 shares during the last quarter. 60.26% of the stock is owned by institutional investors.

Insider Activity at United Parcel Service

In other news, insider Norman M. Brothers, Jr. sold 25,014 shares of the company’s stock in a transaction that occurred on Wednesday, January 28th. The stock was sold at an average price of $106.15, for a total transaction of $2,655,236.10. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.19% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Evercore boosted their price objective on 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. Sanford C. Bernstein boosted their price objective on United Parcel Service from $122.00 to $125.00 and gave the stock an “outperform” rating in a research note on Friday, January 9th. TD Cowen boosted their price objective on United Parcel Service from $101.00 to $115.00 and gave the stock a “hold” rating in a research note on Wednesday, January 28th. Citigroup reduced their price objective on United Parcel Service from $120.00 to $118.00 and set a “buy” rating on the stock in a research note on Tuesday, April 7th. Finally, BNP Paribas Exane cut United Parcel Service from a “neutral” rating to an “underperform” rating and set a $85.00 target price on the stock. in a research note on Tuesday, January 13th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, fourteen have given a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $113.03.

United Parcel Service Trading Down 0.0%

UPS opened at $106.41 on Monday. The stock has a market cap of $90.35 billion, a price-to-earnings ratio of 16.22, a P/E/G ratio of 1.68 and a beta of 1.12. The stock’s 50 day moving average price is $105.45 and its 200-day moving average price is $100.55. United Parcel Service, Inc. has a one year low of $82.00 and a one year high of $122.41. The company has a debt-to-equity ratio of 1.45, a quick ratio of 1.22 and a current ratio of 1.22.

United Parcel Service (NYSE:UPS) last released its earnings results on Tuesday, January 27th. The transportation company reported $2.38 EPS for the quarter, beating analysts’ consensus estimates of $2.20 by $0.18. The firm 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 quarterly revenue was down 3.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.75 earnings per share. On average, equities analysts forecast that United Parcel Service, Inc. will post 7.95 EPS for the current year.

United Parcel Service Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 5th. Stockholders 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 dividend yield of 6.2%. United Parcel Service’s dividend payout ratio is currently 100.00%.

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.