KMG Fiduciary Partners LLC Sells 9,351 Shares of United Parcel Service, Inc. (NYSE:UPS)

KMG Fiduciary Partners LLC lowered its stake in United Parcel Service, Inc. (NYSE:UPS) by 20.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 37,083 shares of the transportation company’s stock after selling 9,351 shares during the period. KMG Fiduciary Partners LLC’s holdings in United Parcel Service were worth $4,676,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of the stock. IFS Advisors LLC boosted its stake in United Parcel Service by 232.3% in the fourth quarter. IFS Advisors LLC now owns 216 shares of the transportation company’s stock valued at $27,000 after buying an additional 151 shares in the last quarter. True Wealth Design LLC boosted its stake in shares of United Parcel Service by 397.7% during the third quarter. True Wealth Design LLC now owns 214 shares of the transportation company’s stock valued at $29,000 after purchasing an additional 171 shares in the last quarter. PSI Advisors LLC boosted its stake in shares of United Parcel Service by 408.2% during the third quarter. PSI Advisors LLC now owns 249 shares of the transportation company’s stock valued at $34,000 after purchasing an additional 200 shares in the last quarter. Princeton Global Asset Management LLC boosted its stake 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 in the last quarter. Finally, FSA Wealth Management LLC acquired a new stake in shares of United Parcel Service during the third quarter valued at about $36,000. Institutional investors own 60.26% of the company’s stock.

United Parcel Service Trading Up 2.0 %

Shares of United Parcel Service stock opened at $129.97 on Friday. The stock has a fifty day simple moving average of $129.09 and a 200 day simple moving average of $130.98. United Parcel Service, Inc. has a 12-month low of $121.56 and a 12-month high of $161.35. The company has a market capitalization of $110.91 billion, a P/E ratio of 19.63, a price-to-earnings-growth ratio of 1.73 and a beta of 1.00. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.20.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings data 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 return on equity of 37.38% and a net margin of 6.25%. The business had revenue of $22.20 billion for the quarter, compared to analysts’ expectations of $22.10 billion. During the same quarter in the previous year, the firm earned $1.57 earnings per share. The business’s revenue was up 5.4% on a year-over-year basis. On average, sell-side analysts anticipate that United Parcel Service, Inc. will post 7.49 earnings per share for the current fiscal year.

United Parcel Service Announces Dividend

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

Insider Activity

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 transaction, the insider now 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 filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.13% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. StockNews.com raised United Parcel Service from a “hold” rating to a “buy” rating in a research note on Wednesday, November 6th. Barclays reiterated an “underweight” rating and issued a $120.00 target price on shares of United Parcel Service in a report on Monday, October 21st. Wolfe Research upgraded United Parcel Service from a “peer perform” rating to an “outperform” rating and set a $147.00 target price for the company in a report on Wednesday, January 8th. Bank of America upgraded United Parcel Service from a “neutral” rating to a “buy” rating and set a $150.00 target price for the company in a report on Thursday. Finally, JPMorgan Chase & Co. lifted their target price on United Parcel Service from $134.00 to $135.00 and gave the stock a “neutral” rating in a report on Tuesday, January 7th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating, fifteen have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus 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.