United Parcel Service, Inc. $UPS Shares Sold by Econ Financial Services Corp

Econ Financial Services Corp lessened its holdings in United Parcel Service, Inc. (NYSE:UPS) by 34.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 23,891 shares of the transportation company’s stock after selling 12,687 shares during the period. Econ Financial Services Corp’s holdings in United Parcel Service were worth $2,370,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Twin Peaks Wealth Advisors LLC acquired a new position in shares of United Parcel Service during the 2nd quarter worth approximately $34,000. Salzhauer Michael acquired a new stake in United Parcel Service during the 3rd quarter valued at $31,000. Physician Wealth Advisors Inc. increased its position in United Parcel Service by 76.5% during the third quarter. Physician Wealth Advisors Inc. now owns 376 shares of the transportation company’s stock worth $31,000 after buying an additional 163 shares in the last quarter. Avion Wealth increased its position in United Parcel Service by 284.1% during the third quarter. Avion Wealth now owns 434 shares of the transportation company’s stock worth $36,000 after buying an additional 321 shares in the last quarter. Finally, Winch Advisory Services LLC raised 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 acquiring an additional 124 shares during the last quarter. 60.26% of the stock is currently owned by institutional investors and hedge funds.

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 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 filing with the Securities & Exchange Commission, which is accessible through this link. 0.19% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

UPS has been the topic of several recent research reports. HSBC upgraded United Parcel Service from a “hold” rating to a “buy” rating in a research report on Wednesday, January 28th. Susquehanna lifted their price objective on United Parcel Service from $105.00 to $115.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 20th. BNP Paribas Exane downgraded shares of United Parcel Service from a “neutral” rating to an “underperform” rating and set a $85.00 target price for the company. in a research note on Tuesday, January 13th. Evercore raised their price target 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. Finally, Wells Fargo & Company lifted their price target on shares of United Parcel Service from $96.00 to $110.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 28th. Two research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, fourteen have given a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, United Parcel Service has an average rating of “Hold” and an average target price of $113.67.

United Parcel Service Price Performance

UPS stock opened at $98.20 on Wednesday. The stock has a market capitalization of $83.38 billion, a price-to-earnings ratio of 14.97, a price-to-earnings-growth ratio of 1.49 and a beta of 1.08. 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, Inc. has a 52-week low of $82.00 and a 52-week high of $122.41. The stock’s fifty day simple moving average is $107.76 and its 200-day simple moving average is $99.01.

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 the consensus estimate of $2.20 by $0.18. United Parcel Service had a return on equity of 38.30% and a net margin of 6.28%.The firm had revenue of $24.48 billion during the quarter, compared to analyst estimates of $23.91 billion. During the same period in the prior year, the firm posted $2.75 earnings per share. The business’s quarterly revenue was down 3.2% compared to the same quarter last year. Equities research analysts expect that United Parcel Service, Inc. will post 7.95 EPS for the current year.

United Parcel Service Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 5th. Shareholders of record on Tuesday, February 17th were issued a $1.64 dividend. The ex-dividend date was Tuesday, February 17th. This represents a $6.56 annualized dividend and a yield of 6.7%. United Parcel Service’s payout ratio is 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.