Regal Investment Advisors LLC lowered its stake in shares of United Parcel Service, Inc. (NYSE:UPS – Get Rating) by 11.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,913 shares of the transportation company’s stock after selling 659 shares during the quarter. Regal Investment Advisors LLC’s holdings in United Parcel Service were worth $1,053,000 at the end of the most recent quarter.
A number of other institutional investors also recently made changes to their positions in the stock. EP Wealth Advisors LLC boosted its position in United Parcel Service by 10,746.8% in the third quarter. EP Wealth Advisors LLC now owns 1,257,466 shares of the transportation company’s stock worth $1,908,000 after purchasing an additional 1,245,873 shares during the last quarter. Eagle Asset Management Inc. boosted its position in United Parcel Service by 1,277.6% in the third quarter. Eagle Asset Management Inc. now owns 502,465 shares of the transportation company’s stock worth $91,498,000 after purchasing an additional 465,992 shares during the last quarter. Vontobel Asset Management Inc. purchased a new position in United Parcel Service in the third quarter worth $77,340,000. Manning & Napier Group LLC purchased a new position in United Parcel Service in the fourth quarter worth $75,385,000. Finally, Allspring Global Investments Holdings LLC purchased a new position in United Parcel Service in the fourth quarter worth $72,999,000. Institutional investors and hedge funds own 57.85% of the company’s stock.
In related news, insider Laura J. Lane sold 6,988 shares of the stock in a transaction dated Friday, February 18th. The stock was sold at an average price of $208.28, for a total transaction of $1,455,460.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Philippe R. Gilbert sold 3,897 shares of the stock in a transaction dated Thursday, March 3rd. The shares were sold at an average price of $215.37, for a total value of $839,296.89. The disclosure for this sale can be found here. 0.12% of the stock is currently owned by corporate insiders.
United Parcel Service (NYSE:UPS – Get Rating) last announced its quarterly earnings data on Tuesday, April 26th. The transportation company reported $3.05 EPS for the quarter, beating the consensus estimate of $2.88 by $0.17. The firm had revenue of $24.40 billion for the quarter, compared to analyst estimates of $23.80 billion. United Parcel Service had a return on equity of 82.94% and a net margin of 10.90%. The company’s revenue was up 6.5% on a year-over-year basis. During the same period in the prior year, the company earned $2.77 EPS. Research analysts expect that United Parcel Service, Inc. will post 12.83 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 2nd. Stockholders of record on Monday, May 16th will be given a dividend of $1.52 per share. The ex-dividend date is Friday, May 13th. This represents a $6.08 annualized dividend and a dividend yield of 3.41%. United Parcel Service’s dividend payout ratio (DPR) is presently 49.63%.
Several research analysts have weighed in on the company. Morgan Stanley boosted their price objective on United Parcel Service from $135.00 to $150.00 and gave the stock an “underweight” rating in a research report on Wednesday, February 2nd. BNP Paribas raised United Parcel Service from an “underperform” rating to a “neutral” rating and set a $191.00 price target on the stock in a research report on Thursday, January 20th. Susquehanna Bancshares dropped their price target on United Parcel Service from $218.00 to $195.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 27th. The Goldman Sachs Group set a $248.00 price target on United Parcel Service in a research report on Tuesday, February 1st. Finally, Loop Capital raised United Parcel Service from a “hold” rating to a “buy” rating and dropped their price target for the company from $232.00 to $189.00 in a research report on Thursday, April 14th. One equities research analyst has rated the stock with a sell rating, fifteen have issued a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $225.04.
United Parcel Service Company Profile (Get Rating)
United Parcel Service, Inc provides letter and package delivery, transportation, logistics, and related services. It operates through two segments, U.S. Domestic Package and International Package. The U.S. Domestic Package segment offers time-definite delivery of letters, documents, small packages, and palletized freight through air and ground services in the United States.
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