Brooklyn Investment Group Has $174,000 Position in United Parcel Service, Inc. (NYSE:UPS)

Brooklyn Investment Group cut its stake in United Parcel Service, Inc. (NYSE:UPS) by 44.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,379 shares of the transportation company’s stock after selling 1,082 shares during the quarter. Brooklyn Investment Group’s holdings in United Parcel Service were worth $174,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently bought and sold shares of UPS. Brighton Jones LLC boosted its holdings in United Parcel Service by 8.7% in the second quarter. Brighton Jones LLC now owns 12,468 shares of the transportation company’s stock worth $1,706,000 after purchasing an additional 995 shares in the last quarter. Ieq Capital LLC boosted its stake in shares of United Parcel Service by 12.0% during the 2nd quarter. Ieq Capital LLC now owns 14,352 shares of the transportation company’s stock worth $1,964,000 after acquiring an additional 1,532 shares in the last quarter. Canada Pension Plan Investment Board increased its holdings in shares of United Parcel Service by 160.1% during the 2nd quarter. Canada Pension Plan Investment Board now owns 257,974 shares of the transportation company’s stock valued at $35,304,000 after acquiring an additional 158,784 shares during the last quarter. Bridges Investment Management Inc. raised its stake in shares of United Parcel Service by 113.9% in the 2nd quarter. Bridges Investment Management Inc. now owns 3,998 shares of the transportation company’s stock valued at $547,000 after acquiring an additional 2,129 shares in the last quarter. Finally, AE Wealth Management LLC lifted its holdings in United Parcel Service by 67.1% in the 2nd quarter. AE Wealth Management LLC now owns 28,738 shares of the transportation company’s stock worth $3,933,000 after purchasing an additional 11,537 shares during the last quarter. 60.26% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Norman M. Brothers, Jr. sold 7,325 shares of the stock in a transaction that occurred on 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 $6,249,229.86. This represents a 13.97 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.13% of the stock is currently owned by corporate insiders.

United Parcel Service Trading Down 0.1 %

Shares of United Parcel Service stock opened at $129.77 on Friday. The stock has a market capitalization of $110.74 billion, a P/E ratio of 19.60, a price-to-earnings-growth ratio of 1.73 and a beta of 1.00. United Parcel Service, Inc. has a 12-month low of $121.56 and a 12-month high of $161.35. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.20. The company has a 50-day simple moving average of $128.95 and a 200 day simple moving average of $130.93.

United Parcel Service (NYSE:UPS) last posted its earnings results on Thursday, October 24th. The transportation company reported $1.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.63 by $0.13. The company had revenue of $22.20 billion during the quarter, compared to analysts’ expectations of $22.10 billion. United Parcel Service had a net margin of 6.25% and a return on equity of 37.38%. United Parcel Service’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.57 earnings per share. Research analysts expect that United Parcel Service, Inc. will post 7.49 earnings per share for the current fiscal year.

United Parcel Service Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 5th. Stockholders of record on Monday, November 18th were issued a dividend of $1.63 per share. This represents a $6.52 annualized dividend and a dividend yield of 5.02%. The ex-dividend date of this dividend was Monday, November 18th. United Parcel Service’s payout ratio is presently 98.49%.

Analysts Set New Price Targets

Several brokerages have commented on UPS. Wells Fargo & Company lowered their price target on United Parcel Service from $155.00 to $150.00 and set an “overweight” rating on the stock in a report on Tuesday, January 7th. Wolfe Research upgraded shares of United Parcel Service from a “peer perform” rating to an “outperform” rating and set a $147.00 target price on the stock in a report on Wednesday, January 8th. BMO Capital Markets raised United Parcel Service from a “market perform” rating to an “outperform” rating and lowered their price target for the company from $155.00 to $150.00 in a research report on Tuesday, December 10th. Evercore ISI boosted their price objective on United Parcel Service from $138.00 to $141.00 and gave the stock an “in-line” rating in a research report on Tuesday, October 22nd. Finally, Barclays reaffirmed an “underweight” rating and issued a $120.00 price target on shares of United Parcel Service in a research report on Monday, October 21st. Two analysts have rated the stock with a sell rating, five have issued a hold rating, fifteen have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $151.10.

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.