Sterneck Capital Management LLC Sells 7,710 Shares of United Parcel Service, Inc. $UPS

Sterneck Capital Management LLC lowered its holdings in shares of United Parcel Service, Inc. (NYSE:UPSFree Report) by 60.2% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 5,100 shares of the transportation company’s stock after selling 7,710 shares during the period. Sterneck Capital Management LLC’s holdings in United Parcel Service were worth $506,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Salzhauer Michael bought a new position in shares of United Parcel Service during the third quarter valued at $31,000. Physician Wealth Advisors Inc. raised its stake in shares of United Parcel Service by 76.5% during the third quarter. Physician Wealth Advisors Inc. now owns 376 shares of the transportation company’s stock valued at $31,000 after acquiring an additional 163 shares during the last quarter. Avion Wealth raised its stake in shares of United Parcel Service by 284.1% during the third quarter. Avion Wealth now owns 434 shares of the transportation company’s stock valued at $36,000 after acquiring an additional 321 shares during the last quarter. Princeton Global Asset Management LLC increased its position in shares of United Parcel Service by 241.4% during the fourth quarter. Princeton Global Asset Management LLC now owns 454 shares of the transportation company’s stock worth $45,000 after buying an additional 321 shares during the period. Finally, Winch Advisory Services LLC increased its position in shares of United Parcel Service by 37.3% during the third quarter. Winch Advisory Services LLC now owns 456 shares of the transportation company’s stock worth $38,000 after buying an additional 124 shares during the period. Institutional investors own 60.26% of the company’s stock.

Insiders Place Their Bets

In other United Parcel Service news, insider Norman M. Brothers, Jr. sold 25,014 shares of United Parcel Service stock in a transaction on Wednesday, January 28th. The shares were sold at an average price of $106.15, for a total value of $2,655,236.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.19% of the company’s stock.

United Parcel Service Price Performance

United Parcel Service stock opened at $101.61 on Friday. The stock has a market capitalization of $86.28 billion, a price-to-earnings ratio of 15.49, a PEG ratio of 1.58 and a beta of 1.12. United Parcel Service, Inc. has a 52-week low of $82.00 and a 52-week high of $122.41. The stock’s 50 day moving average price is $106.59 and its two-hundred day moving average price is $99.50. The company has a debt-to-equity ratio of 1.45, a quick ratio of 1.22 and a current ratio of 1.22.

United Parcel Service (NYSE:UPSGet Free Report) last posted its quarterly earnings results on Tuesday, January 27th. The transportation company reported $2.38 earnings per share for the quarter, beating the consensus estimate of $2.20 by $0.18. United Parcel Service had a net margin of 6.28% and a return on equity of 38.30%. The firm had revenue of $24.48 billion during the quarter, compared to the consensus estimate of $23.91 billion. During the same period in the previous year, the firm posted $2.75 earnings per share. The business’s revenue was down 3.2% compared to the same quarter last year. On average, equities analysts predict that United Parcel Service, Inc. will post 7.95 earnings per share for the current year.

United Parcel Service Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 5th. Shareholders of record on Tuesday, February 17th were paid a $1.64 dividend. This represents a $6.56 annualized dividend and a yield of 6.5%. The ex-dividend date of this dividend was Tuesday, February 17th. United Parcel Service’s payout ratio is 100.00%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on UPS shares. Oppenheimer increased their price objective on shares of United Parcel Service from $107.00 to $115.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 28th. Wells Fargo & Company increased their price objective on shares of United Parcel Service from $96.00 to $110.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 28th. Wolfe Research reiterated a “peer perform” rating on shares of United Parcel Service in a research report on Thursday, January 8th. BNP Paribas Exane cut shares of United Parcel Service from a “neutral” rating to an “underperform” rating and set a $85.00 price objective for the company. in a research report on Tuesday, January 13th. Finally, Weiss Ratings upgraded shares of United Parcel Service from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, February 6th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, fourteen have issued a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $113.03.

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United Parcel Service Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for United Parcel Service (NYSE:UPS)

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