Segment Wealth Management LLC Sells 201 Shares of United Parcel Service, Inc. (NYSE:UPS)

Segment Wealth Management LLC trimmed its stake in United Parcel Service, Inc. (NYSE:UPS) by 6.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,142 shares of the transportation company’s stock after selling 201 shares during the period. Segment Wealth Management LLC’s holdings in United Parcel Service were worth $396,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of UPS. IFS Advisors LLC raised its position in shares of United Parcel Service by 232.3% during the 4th quarter. IFS Advisors LLC now owns 216 shares of the transportation company’s stock valued at $27,000 after buying an additional 151 shares in the last quarter. True Wealth Design LLC increased its stake in United Parcel Service by 397.7% in the third quarter. True Wealth Design LLC now owns 214 shares of the transportation company’s stock valued at $29,000 after acquiring an additional 171 shares during the last quarter. PSI Advisors LLC raised its position in United Parcel Service by 408.2% during the third quarter. PSI Advisors LLC now owns 249 shares of the transportation company’s stock valued at $34,000 after purchasing an additional 200 shares in the last quarter. Princeton Global Asset Management LLC lifted its stake in United Parcel Service by 720.0% during the third quarter. Princeton Global Asset Management LLC now owns 246 shares of the transportation company’s stock worth $34,000 after purchasing an additional 216 shares during the last quarter. Finally, FSA Wealth Management LLC purchased a new position in shares of United Parcel Service in the 3rd quarter worth about $36,000. 60.26% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at United Parcel Service

In related 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 value of $1,015,025.25. Following the transaction, the insider now owns 45,098 shares in the company, valued at $6,249,229.86. The trade was a 13.97 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.13% of the company’s stock.

United Parcel Service Stock Up 2.5 %

Shares of NYSE:UPS opened at $132.96 on Wednesday. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.14 and a current ratio of 1.14. United Parcel Service, Inc. has a 52-week low of $121.56 and a 52-week high of $161.35. The firm has a market capitalization of $113.47 billion, a P/E ratio of 20.08, a P/E/G ratio of 1.82 and a beta of 1.00. The stock has a 50 day moving average price of $128.92 and a 200-day moving average price of $130.83.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings data on Thursday, October 24th. The transportation company reported $1.76 EPS for the quarter, beating the consensus estimate of $1.63 by $0.13. The business had revenue of $22.20 billion during the quarter, compared to analyst estimates of $22.10 billion. United Parcel Service had a return on equity of 37.38% and a net margin of 6.25%. The company’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same quarter last year, the firm posted $1.57 earnings per share. As a group, equities research analysts anticipate that United Parcel Service, Inc. will post 7.49 EPS 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. The ex-dividend date was Monday, November 18th. This represents a $6.52 annualized dividend and a dividend yield of 4.90%. United Parcel Service’s payout ratio is 98.49%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the company. Citigroup dropped their target price on United Parcel Service from $163.00 to $158.00 and set a “buy” rating for the company in a research report on Tuesday, November 12th. The Goldman Sachs Group lowered their price objective on shares of United Parcel Service from $165.00 to $162.00 and set a “buy” rating for the company in a report on Wednesday, October 9th. Argus raised shares of United Parcel Service from a “hold” rating to a “buy” rating in a report on Tuesday, November 5th. UBS Group boosted their price target on shares of United Parcel Service from $159.00 to $170.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Finally, Stifel Nicolaus raised their price objective on United Parcel Service from $151.00 to $156.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Two research analysts have rated the stock with a sell rating, five have given a hold rating, fifteen have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $151.10.

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.