United Parcel Service, Inc. (NYSE:UPS) Position Lowered by Wilmington Savings Fund Society FSB

Wilmington Savings Fund Society FSB reduced its position in United Parcel Service, Inc. (NYSE:UPS) by 33.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 22,416 shares of the transportation company’s stock after selling 11,361 shares during the quarter. Wilmington Savings Fund Society FSB’s holdings in United Parcel Service were worth $2,827,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. IFS Advisors LLC increased its stake in United Parcel Service by 232.3% during the fourth quarter. IFS Advisors LLC now owns 216 shares of the transportation company’s stock valued at $27,000 after purchasing an additional 151 shares during the last quarter. True Wealth Design LLC raised its stake in United Parcel Service by 397.7% during the third quarter. True Wealth Design LLC now owns 214 shares of the transportation company’s stock worth $29,000 after acquiring an additional 171 shares during the period. PSI Advisors LLC boosted its stake in United Parcel Service by 408.2% in the third quarter. PSI Advisors LLC now owns 249 shares of the transportation company’s stock valued at $34,000 after acquiring an additional 200 shares during the period. Princeton Global Asset Management LLC grew its holdings in shares of 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 valued at $34,000 after purchasing an additional 216 shares during the last quarter. Finally, FSA Wealth Management LLC acquired a new stake in shares of United Parcel Service during the 3rd quarter worth approximately $36,000. Institutional investors and hedge funds own 60.26% of the company’s stock.

Analyst Upgrades and Downgrades

UPS has been the topic of several analyst reports. The Goldman Sachs Group dropped their target price on United Parcel Service from $166.00 to $147.00 and set a “buy” rating on the stock in a research report on Friday, January 31st. Loop Capital cut their price objective on shares of United Parcel Service from $120.00 to $115.00 and set a “hold” rating on the stock in a research report on Monday, February 3rd. StockNews.com upgraded shares of United Parcel Service from a “hold” rating to a “buy” rating in a research note on Wednesday, November 6th. Wells Fargo & Company lowered their target price on United Parcel Service from $150.00 to $128.00 and set an “overweight” rating on the stock in a research report on Friday, January 31st. Finally, Stifel Nicolaus lowered their price target on United Parcel Service from $156.00 to $153.00 and set a “buy” rating on the stock in a report on Thursday, January 23rd. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $140.73.

United Parcel Service Price Performance

Shares of NYSE:UPS opened at $113.20 on Friday. The company’s fifty day moving average is $125.95 and its two-hundred day moving average is $129.24. The company has a market cap of $96.60 billion, a P/E ratio of 16.75, a price-to-earnings-growth ratio of 1.50 and a beta of 0.98. United Parcel Service, Inc. has a 12-month low of $109.40 and a 12-month high of $158.95. The company has a quick ratio of 1.14, a current ratio of 1.17 and a debt-to-equity ratio of 1.16.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings data on Thursday, January 30th. The transportation company reported $2.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.52 by $0.23. United Parcel Service had a return on equity of 39.13% and a net margin of 6.35%. During the same period in the prior year, the company posted $2.47 earnings per share. Equities analysts expect that United Parcel Service, Inc. will post 7.99 earnings per share for the current fiscal year.

United Parcel Service Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 6th. Shareholders of record on Tuesday, February 18th will be paid a $1.64 dividend. This represents a $6.56 annualized dividend and a yield of 5.80%. The ex-dividend date is Tuesday, February 18th. This is a positive change from United Parcel Service’s previous quarterly dividend of $1.63. United Parcel Service’s dividend payout ratio is currently 96.45%.

Insiders Place Their Bets

In other news, insider Norman M. Brothers, Jr. sold 7,325 shares of United Parcel Service stock in a transaction dated 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 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 filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.13% of the company’s stock.

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.