State of Alaska Department of Revenue Sells 9,970 Shares of United Parcel Service, Inc. (NYSE:UPS)

State of Alaska Department of Revenue trimmed its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 9.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 90,611 shares of the transportation company’s stock after selling 9,970 shares during the period. State of Alaska Department of Revenue’s holdings in United Parcel Service were worth $11,425,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of UPS. Cigna Investments Inc. New boosted its holdings in United Parcel Service by 1.0% during the 3rd quarter. Cigna Investments Inc. New now owns 7,508 shares of the transportation company’s stock valued at $1,024,000 after acquiring an additional 75 shares during the period. Pacific Sage Partners LLC lifted its position in United Parcel Service by 4.8% in the fourth quarter. Pacific Sage Partners LLC now owns 1,677 shares of the transportation company’s stock valued at $212,000 after purchasing an additional 77 shares during the last quarter. Banco Santander S.A. boosted its stake in shares of United Parcel Service by 0.6% during the third quarter. Banco Santander S.A. now owns 12,596 shares of the transportation company’s stock valued at $1,717,000 after purchasing an additional 79 shares during the period. Gleason Group Inc. grew its holdings in shares of United Parcel Service by 1.2% in the third quarter. Gleason Group Inc. now owns 6,576 shares of the transportation company’s stock worth $897,000 after purchasing an additional 80 shares during the last quarter. Finally, Tradewinds LLC. increased its stake in shares of United Parcel Service by 1.8% in the third quarter. Tradewinds LLC. now owns 4,487 shares of the transportation company’s stock worth $612,000 after buying an additional 81 shares during the period. 60.26% of the stock is owned by institutional investors.

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 firm’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $138.57, for a total value of $1,015,025.25. Following the transaction, the insider now directly owns 45,098 shares of the company’s stock, valued at approximately $6,249,229.86. This trade represents a 13.97 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.13% of the company’s stock.

United Parcel Service Trading Up 1.4 %

Shares of NYSE:UPS opened at $113.47 on Friday. United Parcel Service, Inc. has a 1 year low of $109.40 and a 1 year high of $158.95. The stock’s fifty day moving average price is $126.84 and its 200-day moving average price is $129.57. The company has a market cap of $96.83 billion, a P/E ratio of 16.79, a PEG ratio of 1.63 and a beta of 0.98. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.17 and a quick ratio of 1.14.

United Parcel Service (NYSE:UPS) last posted its earnings results on Thursday, January 30th. The transportation company reported $2.75 earnings per share (EPS) for the quarter, beating the consensus estimate 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 in the previous year, the company posted $2.47 EPS. Sell-side analysts expect that United Parcel Service, Inc. will post 8.61 earnings per share for the current year.

United Parcel Service Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 6th. Shareholders of record on Tuesday, February 18th will be given a $1.64 dividend. This represents a $6.56 dividend on an annualized basis and a yield of 5.78%. The ex-dividend date is Tuesday, February 18th. This is an increase from United Parcel Service’s previous quarterly dividend of $1.63. United Parcel Service’s payout ratio is 96.45%.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on UPS shares. UBS Group dropped their price target on shares of United Parcel Service from $170.00 to $141.00 and set a “buy” rating for the company in a research report on Friday, January 31st. StockNews.com upgraded shares of United Parcel Service from a “hold” rating to a “buy” rating in a report on Wednesday, November 6th. Wells Fargo & Company reduced their price target on United Parcel Service from $150.00 to $128.00 and set an “overweight” rating on the stock in a report on Friday, January 31st. Oppenheimer increased their price objective on United Parcel Service from $140.00 to $146.00 and gave the stock an “outperform” rating in a report on Monday, October 28th. Finally, Stifel Nicolaus reduced their target price on United Parcel Service from $156.00 to $153.00 and set a “buy” rating on the stock in a research note on Thursday, January 23rd. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $140.73.

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.