United Parcel Service, Inc. (NYSE:UPS) Shares Sold by Maltin Wealth Management Inc.

Maltin Wealth Management Inc. cut its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 2.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 18,451 shares of the transportation company’s stock after selling 501 shares during the period. Maltin Wealth Management Inc.’s holdings in United Parcel Service were worth $2,327,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Grove Bank & Trust boosted its stake in United Parcel Service by 6.0% during the 4th quarter. Grove Bank & Trust now owns 2,329 shares of the transportation company’s stock valued at $294,000 after acquiring an additional 131 shares during the last quarter. Brady Martz Wealth Solutions LLC acquired a new stake in shares of United Parcel Service in the 4th quarter valued at about $607,000. Steigerwald Gordon & Koch Inc. lifted its position in shares of United Parcel Service by 4.8% during the fourth quarter. Steigerwald Gordon & Koch Inc. now owns 104,809 shares of the transportation company’s stock worth $13,216,000 after purchasing an additional 4,754 shares during the last quarter. HF Advisory Group LLC bought a new position in shares of United Parcel Service during the fourth quarter worth about $1,305,000. Finally, Aaron Wealth Advisors LLC grew its stake in United Parcel Service by 23.1% in the fourth quarter. Aaron Wealth Advisors LLC now owns 2,538 shares of the transportation company’s stock worth $320,000 after purchasing an additional 477 shares in the last quarter. 60.26% of the stock is owned by hedge funds and other institutional investors.

United Parcel Service Price Performance

Shares of NYSE:UPS opened at $129.77 on Monday. The stock has a market cap of $110.74 billion, a price-to-earnings ratio of 19.60, a PEG ratio of 1.73 and a beta of 1.00. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.14 and a quick ratio of 1.14. United Parcel Service, Inc. has a 12 month low of $121.56 and a 12 month high of $161.35. The stock’s 50 day moving average price is $128.95 and its 200 day moving average price is $130.90.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings data on Thursday, October 24th. The transportation company reported $1.76 earnings per share for the quarter, beating the consensus estimate of $1.63 by $0.13. United Parcel Service had a return on equity of 37.38% and a net margin of 6.25%. The business had revenue of $22.20 billion during the quarter, compared to analyst estimates of $22.10 billion. During the same quarter in the prior year, the firm posted $1.57 earnings per share. The company’s revenue was up 5.4% on a year-over-year basis. Equities research analysts anticipate that United Parcel Service, Inc. will post 7.49 earnings per share for the current fiscal year.

United Parcel Service Dividend Announcement

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

Insiders Place Their Bets

In other news, insider Norman M. Brothers, Jr. sold 7,325 shares of the company’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $138.57, for a total transaction of $1,015,025.25. Following the completion of 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 sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.13% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several analysts have issued reports on UPS shares. Bank of America upgraded United Parcel Service from a “neutral” rating to a “buy” rating and set a $150.00 price objective on the stock in a research note on Thursday. Barclays restated an “underweight” rating and set a $120.00 price objective on shares of United Parcel Service in a research note on Monday, October 21st. Wolfe Research upgraded shares of United Parcel Service from a “peer perform” rating to an “outperform” rating and set a $147.00 target price for the company in a research note on Wednesday, January 8th. Evercore ISI raised their price target on shares of 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, Oppenheimer lifted their price target on shares of United Parcel Service from $140.00 to $146.00 and gave the company an “outperform” rating in a report on Monday, October 28th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating, fifteen have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, United Parcel Service currently has an average rating of “Moderate Buy” and an average price target 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.