Hodges Capital Management Inc. Lowers Stock Holdings in United Parcel Service, Inc. (NYSE:UPS)

Hodges Capital Management Inc. cut its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 84.7% during the fourth quarter, HoldingsChannel.com reports. The fund owned 5,188 shares of the transportation company’s stock after selling 28,717 shares during the quarter. Hodges Capital Management Inc.’s holdings in United Parcel Service were worth $654,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Rice Partnership LLC raised its holdings in shares of United Parcel Service by 652.0% in the fourth quarter. Rice Partnership LLC now owns 15,039 shares of the transportation company’s stock valued at $1,896,000 after acquiring an additional 13,039 shares in the last quarter. Resonant Capital Advisors LLC increased its position in United Parcel Service by 1.5% during the 4th quarter. Resonant Capital Advisors LLC now owns 11,054 shares of the transportation company’s stock valued at $1,394,000 after purchasing an additional 159 shares during the period. HHM Wealth Advisors LLC raised its holdings in shares of United Parcel Service by 87.1% in the 4th quarter. HHM Wealth Advisors LLC now owns 2,574 shares of the transportation company’s stock valued at $325,000 after purchasing an additional 1,198 shares in the last quarter. Willis Investment Counsel lifted its position in shares of United Parcel Service by 1.0% in the 4th quarter. Willis Investment Counsel now owns 171,522 shares of the transportation company’s stock worth $21,629,000 after purchasing an additional 1,721 shares during the period. Finally, SkyOak Wealth LLC boosted its stake in shares of United Parcel Service by 11.6% during the fourth quarter. SkyOak Wealth LLC now owns 19,089 shares of the transportation company’s stock valued at $2,407,000 after purchasing an additional 1,990 shares in the last quarter. Institutional investors own 60.26% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. StockNews.com raised United Parcel Service from a “hold” rating to a “buy” rating in a research report on Wednesday, November 6th. Raymond James decreased their price target on shares of United Parcel Service from $155.00 to $145.00 and set a “strong-buy” rating for the company in a research report on Friday. Susquehanna cut their price objective on shares of United Parcel Service from $140.00 to $130.00 and set a “neutral” rating on the stock in a research report on Friday. Morgan Stanley decreased their target price on shares of United Parcel Service from $100.00 to $82.00 and set an “underweight” rating for the company in a research report on Friday. Finally, Barclays reaffirmed an “underweight” rating and issued a $120.00 price target on shares of United Parcel Service in a report on Monday, October 21st. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, United Parcel Service has a consensus rating of “Moderate Buy” and an average price target of $140.73.

Insider Buying and Selling at United Parcel Service

In other United Parcel Service news, insider Norman M. Brothers, Jr. sold 7,325 shares of the company’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 sale, the insider now directly owns 45,098 shares of the company’s stock, valued at approximately $6,249,229.86. This represents a 13.97 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.13% of the company’s stock.

United Parcel Service Stock Down 2.6 %

UPS stock opened at $111.26 on Tuesday. The company has a current ratio of 1.17, a quick ratio of 1.14 and a debt-to-equity ratio of 1.16. The firm has a market cap of $94.95 billion, a PE ratio of 16.46, a PEG ratio of 1.63 and a beta of 0.98. United Parcel Service, Inc. has a 1 year low of $109.40 and a 1 year high of $158.95. The company has a fifty day simple moving average of $128.31 and a 200 day simple moving average of $130.16.

United Parcel Service (NYSE:UPS) last released its earnings results on Thursday, January 30th. The transportation company reported $2.75 earnings per share for the quarter, topping analysts’ consensus estimates of $2.52 by $0.23. United Parcel Service had a net margin of 6.35% and a return on equity of 39.13%. During the same quarter last year, the business posted $2.47 earnings per share. Sell-side analysts anticipate that United Parcel Service, Inc. will post 8.61 EPS for the current fiscal year.

United Parcel Service Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 5th. Shareholders of record on Monday, November 18th were paid a dividend of $1.63 per share. The ex-dividend date of this dividend was Monday, November 18th. This represents a $6.52 dividend on an annualized basis and a yield of 5.86%. United Parcel Service’s dividend payout ratio is currently 96.45%.

United Parcel Service 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.