Beacon Capital Management LLC Has $152,000 Stake in United Parcel Service, Inc. (NYSE:UPS)

Beacon Capital Management LLC lowered its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 17.2% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 1,206 shares of the transportation company’s stock after selling 250 shares during the period. Beacon Capital Management LLC’s holdings in United Parcel Service were worth $152,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in UPS. Roxbury Financial LLC acquired a new position in United Parcel Service in the 4th quarter valued at approximately $233,000. CapWealth Advisors LLC raised its stake in shares of United Parcel Service by 4.1% in the fourth quarter. CapWealth Advisors LLC now owns 83,874 shares of the transportation company’s stock valued at $10,577,000 after purchasing an additional 3,312 shares in the last quarter. Spinnaker Trust raised its stake in shares of United Parcel Service by 4.2% in the fourth quarter. Spinnaker Trust now owns 17,143 shares of the transportation company’s stock valued at $2,162,000 after purchasing an additional 691 shares in the last quarter. WealthPLAN Partners LLC boosted its stake in United Parcel Service by 12.0% during the fourth quarter. WealthPLAN Partners LLC now owns 1,807 shares of the transportation company’s stock worth $228,000 after buying an additional 193 shares in the last quarter. Finally, PUREfi Wealth LLC acquired a new stake in United Parcel Service during the fourth quarter worth $737,000. Institutional investors own 60.26% of the company’s stock.

Insider Activity

In other news, insider Norman M. Brothers, Jr. sold 7,325 shares of the business’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $138.57, for a total transaction of $1,015,025.25. Following the transaction, the insider now directly owns 45,098 shares in the company, valued at $6,249,229.86. The trade was a 13.97 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.13% of the stock is currently owned by insiders.

United Parcel Service Trading Up 0.6 %

Shares of NYSE:UPS opened at $116.37 on Friday. The company’s 50-day moving average price is $124.53 and its two-hundred day moving average price is $128.78. United Parcel Service, Inc. has a one year low of $109.40 and a one year high of $158.95. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.17 and a quick ratio of 1.14. The stock has a market capitalization 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 released its earnings results on Thursday, January 30th. The transportation company reported $2.75 earnings per share (EPS) for the quarter, beating 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 period in the prior year, the company earned $2.47 EPS. On average, equities analysts forecast that United Parcel Service, Inc. will post 7.99 EPS for the current fiscal year.

United Parcel Service Increases Dividend

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

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Susquehanna reduced their price objective on shares of United Parcel Service from $140.00 to $130.00 and set a “neutral” rating for the company in a report on Friday, January 31st. The Goldman Sachs Group cut their price target on shares of United Parcel Service from $166.00 to $147.00 and set a “buy” rating for the company in a research note on Friday, January 31st. Citigroup dropped their target price on United Parcel Service from $158.00 to $149.00 and set a “buy” rating for the company in a report on Friday, January 31st. Loop Capital cut their price target on United Parcel Service from $120.00 to $115.00 and set a “hold” rating on the stock in a research note on Monday, February 3rd. Finally, UBS Group reduced their price objective on shares of United Parcel Service from $170.00 to $141.00 and set a “buy” rating on the stock in a research note on Friday, January 31st. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, United Parcel Service currently has a consensus 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.