Insider Selling: United Parcel Service, Inc. (NYSE:UPS) Insider Sells $1,015,025.25 in Stock

United Parcel Service, Inc. (NYSE:UPS) insider Norman M. Brothers, Jr. sold 7,325 shares of the business’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 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

United Parcel Service Price Performance

Shares of UPS stock opened at $135.85 on Friday. The stock’s fifty day simple moving average is $133.55 and its 200 day simple moving average is $133.87. United Parcel Service, Inc. has a one year low of $123.12 and a one year high of $163.82. The firm has a market cap of $115.93 billion, a price-to-earnings ratio of 20.52, a P/E/G ratio of 2.23 and a beta of 0.99. 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 (NYSE:UPS) last posted its earnings results on Thursday, October 24th. The transportation company reported $1.76 earnings per share for the quarter, topping the consensus estimate of $1.63 by $0.13. United Parcel Service had a net margin of 6.25% and a return on equity of 37.38%. The business had revenue of $22.20 billion for the quarter, compared to analyst estimates of $22.10 billion. During the same quarter in the prior year, the firm earned $1.57 EPS. The firm’s quarterly revenue was up 5.4% compared to the same quarter last year. On average, analysts expect that United Parcel Service, Inc. will post 7.48 earnings per share for the current fiscal year.

United Parcel Service Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Monday, November 18th will be paid a $1.63 dividend. This represents a $6.52 dividend on an annualized basis and a dividend yield of 4.80%. The ex-dividend date is Monday, November 18th. United Parcel Service’s dividend payout ratio (DPR) is currently 98.49%.

Institutional Investors Weigh In On United Parcel Service

Large investors have recently bought and sold shares of the business. Van ECK Associates Corp grew its holdings in shares of United Parcel Service by 1,061.1% during the third quarter. Van ECK Associates Corp now owns 1,772,765 shares of the transportation company’s stock worth $232,959,000 after purchasing an additional 1,620,091 shares during the last quarter. Cohen Investment Advisors LLC grew its holdings in United Parcel Service by 26.4% during the 3rd quarter. Cohen Investment Advisors LLC now owns 18,357 shares of the transportation company’s stock worth $2,503,000 after acquiring an additional 3,835 shares during the last quarter. Financial Partners Group LLC increased its position in United Parcel Service by 23.9% in the 2nd quarter. Financial Partners Group LLC now owns 26,319 shares of the transportation company’s stock valued at $3,602,000 after acquiring an additional 5,069 shares in the last quarter. Weaver C. Barksdale & Associates Inc. raised its stake in shares of United Parcel Service by 71.8% in the second quarter. Weaver C. Barksdale & Associates Inc. now owns 14,530 shares of the transportation company’s stock worth $1,988,000 after acquiring an additional 6,073 shares during the last quarter. Finally, Investors Research Corp lifted its position in shares of United Parcel Service by 89.0% during the third quarter. Investors Research Corp now owns 10,939 shares of the transportation company’s stock worth $1,491,000 after purchasing an additional 5,150 shares in the last quarter. 60.26% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms recently issued reports on UPS. The Goldman Sachs Group decreased 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. Susquehanna raised their price target on United Parcel Service from $135.00 to $140.00 and gave the company a “neutral” rating in a research report on Friday, October 25th. Barclays reissued an “underweight” rating and set a $120.00 price objective on shares of United Parcel Service in a research report on Monday, October 21st. JPMorgan Chase & Co. lowered their target price on United Parcel Service from $140.00 to $139.00 and set a “neutral” rating on the stock in a report on Friday, October 25th. Finally, Citigroup dropped their price target on United Parcel Service from $163.00 to $158.00 and set a “buy” rating on the stock in a research report on Tuesday, November 12th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, twelve have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $151.52.

About United Parcel Service

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.