United Parcel Service, Inc. (NYSE:UPS) Stake Trimmed by Arkadios Wealth Advisors

Arkadios Wealth Advisors lowered its stake in United Parcel Service, Inc. (NYSE:UPS – Get Rating) by 1.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,814 shares of the transportation company’s stock after selling 302 shares during the quarter. Arkadios Wealth Advisors’ holdings in United Parcel Service were worth $3,792,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the stock. Navellier & Associates Inc. grew its stake in United Parcel Service by 2.5% during the 2nd quarter. Navellier & Associates Inc. now owns 2,211 shares of the transportation company’s stock valued at $404,000 after acquiring an additional 54 shares in the last quarter. SkyOak Wealth LLC grew its stake in United Parcel Service by 0.4% during the 3rd quarter. SkyOak Wealth LLC now owns 13,547 shares of the transportation company’s stock valued at $2,188,000 after acquiring an additional 60 shares in the last quarter. Summit Asset Management LLC grew its stake in United Parcel Service by 1.7% during the 3rd quarter. Summit Asset Management LLC now owns 3,579 shares of the transportation company’s stock valued at $578,000 after acquiring an additional 60 shares in the last quarter. Bristlecone Advisors LLC grew its stake in United Parcel Service by 0.5% during the 3rd quarter. Bristlecone Advisors LLC now owns 13,496 shares of the transportation company’s stock valued at $2,180,000 after acquiring an additional 61 shares in the last quarter. Finally, Parkside Financial Bank & Trust grew its stake in United Parcel Service by 1.9% during the 3rd quarter. Parkside Financial Bank & Trust now owns 3,345 shares of the transportation company’s stock valued at $540,000 after acquiring an additional 63 shares in the last quarter. Hedge funds and other institutional investors own 58.92% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on UPS shares. Exane BNP Paribas cut United Parcel Service from a “neutral” rating to an “underperform” rating in a research note on Wednesday, November 30th. Wells Fargo & Company lifted their price target on United Parcel Service from $195.00 to $221.00 and gave the company an “overweight” rating in a report on Friday, March 3rd. StockNews.com upgraded United Parcel Service from a “hold” rating to a “buy” rating in a report on Friday, March 10th. BMO Capital Markets lifted their price target on United Parcel Service from $175.00 to $185.00 and gave the company a “market perform” rating in a report on Wednesday, February 1st. Finally, JPMorgan Chase & Co. set a $181.00 price target on United Parcel Service in a report on Tuesday, January 31st. Four research analysts have rated the stock with a sell rating, nine have given a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $193.54.

Insider Transactions at United Parcel Service

In related news, insider Norman M. Brothers, Jr. sold 20,724 shares of the company’s stock in a transaction dated Friday, February 17th. The shares were sold at an average price of $182.26, for a total value of $3,777,156.24. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, insider Norman M. Brothers, Jr. sold 20,724 shares of the business’s stock in a transaction on Friday, February 17th. The stock was sold at an average price of $182.26, for a total value of $3,777,156.24. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Brian Newman sold 19,000 shares of the company’s stock in a transaction on Friday, February 17th. The shares were sold at an average price of $182.46, for a total value of $3,466,740.00. Following the completion of the sale, the chief financial officer now owns 11,677 shares in the company, valued at $2,130,585.42. The disclosure for this sale can be found here. In the last three months, insiders sold 54,341 shares of company stock valued at $9,848,061. Company insiders own 0.12% of the company’s stock.

United Parcel Service Stock Performance

Shares of NYSE UPS traded down $1.13 during mid-day trading on Friday, hitting $186.79. The company had a trading volume of 20,535,902 shares, compared to its average volume of 3,207,876. United Parcel Service, Inc. has a 12 month low of $154.87 and a 12 month high of $223.97. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.22 and a quick ratio of 1.22. The firm has a market cap of $160.40 billion, a P/E ratio of 14.15, a PEG ratio of 2.22 and a beta of 1.08. The business’s 50-day simple moving average is $183.09 and its 200-day simple moving average is $178.42.

United Parcel Service (NYSE:UPS – Get Rating) last announced its quarterly earnings data on Tuesday, January 31st. The transportation company reported $3.62 EPS for the quarter, topping analysts’ consensus estimates of $3.59 by $0.03. The company had revenue of $27 billion during the quarter, compared to the consensus estimate of $28.03 billion. United Parcel Service had a return on equity of 66.10% and a net margin of 11.51%. The company’s quarterly revenue was down 2.6% on a year-over-year basis. During the same quarter last year, the company earned $3.59 EPS. As a group, analysts predict that United Parcel Service, Inc. will post 11.5 earnings per share for the current fiscal year.

United Parcel Service Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 10th. Stockholders of record on Tuesday, February 21st were paid a $1.62 dividend. This is a boost from United Parcel Service’s previous quarterly dividend of $1.52. The ex-dividend date was Friday, February 17th. This represents a $6.48 dividend on an annualized basis and a dividend yield of 3.47%. United Parcel Service’s dividend payout ratio is currently 49.09%.

United Parcel Service declared that its Board of Directors has initiated a stock repurchase plan on Tuesday, January 31st that permits the company to buyback $5.00 billion in shares. This buyback authorization permits the transportation company to purchase up to 3% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s leadership believes its stock is undervalued.

United Parcel Service Company Profile

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United Parcel Service, Inc is a package delivery company, which engages in the provision of global supply chain management solutions. It operates through the following segments: U.S. Domestic Package, International Package, and Supply Chain Solutions. The U.S. Domestic Package segment includes time-definite delivery of letters, documents, and packages.