Valeo Financial Advisors LLC Sells 1,952 Shares of United Parcel Service, Inc. (NYSE:UPS)

Valeo Financial Advisors LLC trimmed its stake in United Parcel Service, Inc. (NYSE:UPS) by 7.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 25,805 shares of the transportation company’s stock after selling 1,952 shares during the period. Valeo Financial Advisors LLC’s holdings in United Parcel Service were worth $3,254,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Principal Financial Group Inc. grew its holdings in United Parcel Service by 4.3% in the 3rd quarter. Principal Financial Group Inc. now owns 829,280 shares of the transportation company’s stock valued at $113,064,000 after buying an additional 33,989 shares during the last quarter. Onyx Bridge Wealth Group LLC acquired a new stake in United Parcel Service in the 4th quarter valued at approximately $461,000. Synovus Financial Corp grew its holdings in United Parcel Service by 8.6% in the 3rd quarter. Synovus Financial Corp now owns 87,531 shares of the transportation company’s stock valued at $11,934,000 after buying an additional 6,941 shares during the last quarter. Van ECK Associates Corp grew its holdings in United Parcel Service by 1,061.1% in the 3rd quarter. Van ECK Associates Corp now owns 1,772,765 shares of the transportation company’s stock valued at $232,959,000 after buying an additional 1,620,091 shares during the last quarter. Finally, HF Advisory Group LLC acquired a new stake in United Parcel Service in the 4th quarter valued at approximately $1,305,000. 60.26% of the stock is owned by institutional investors.

Insider Buying and Selling

In other United Parcel Service news, insider Norman M. Brothers, Jr. sold 7,325 shares of the business’s stock in a transaction dated 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 of the company’s stock, valued at approximately $6,249,229.86. The trade was a 13.97 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.13% of the stock is owned by insiders.

United Parcel Service Stock Up 0.6 %

Shares of United Parcel Service stock opened at $116.37 on Friday. The company has a quick ratio of 1.14, a current ratio of 1.17 and a debt-to-equity ratio of 1.16. United Parcel Service, Inc. has a 12 month low of $109.40 and a 12 month high of $158.95. The business has a fifty day simple moving average of $124.72 and a 200 day simple moving average of $128.86. The stock has a market cap of $99.31 billion, a PE ratio of 17.21, a price-to-earnings-growth ratio of 1.50 and a beta of 0.98.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings data on Thursday, January 30th. The transportation company reported $2.75 EPS for the quarter, topping analysts’ consensus estimates of $2.52 by $0.23. United Parcel Service had a return on equity of 39.13% and a net margin of 6.35%. During the same quarter in the previous year, the firm earned $2.47 earnings per share. Research analysts predict that United Parcel Service, Inc. will post 7.99 EPS for the current year.

United Parcel Service Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 6th. Investors of record on Tuesday, February 18th will be paid a dividend of $1.64 per share. The ex-dividend date is Tuesday, February 18th. This is a boost from United Parcel Service’s previous quarterly dividend of $1.63. This represents a $6.56 dividend on an annualized basis and a dividend yield of 5.64%. United Parcel Service’s payout ratio is 96.45%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on UPS. Loop Capital decreased their price objective on United Parcel Service from $120.00 to $115.00 and set a “hold” rating on the stock in a report on Monday, February 3rd. Citigroup cut their price objective on United Parcel Service from $158.00 to $149.00 and set a “buy” rating for the company in a research report on Friday, January 31st. Raymond James cut their price objective on United Parcel Service from $155.00 to $145.00 and set a “strong-buy” rating for the company in a research report on Friday, January 31st. Oppenheimer lifted their price objective on United Parcel Service from $140.00 to $146.00 and gave the company an “outperform” rating in a research report on Monday, October 28th. Finally, JPMorgan Chase & Co. cut their price objective on United Parcel Service from $135.00 to $120.00 and set a “neutral” rating for the company in a research report on Friday, January 31st. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $140.73.

United Parcel Service Company 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.