Portside Wealth Group LLC Has $2 Million Position in United Parcel Service, Inc. (NYSE:UPS)

Portside Wealth Group LLC cut its position in United Parcel Service, Inc. (NYSE:UPS) by 4.1% during the 4th quarter, HoldingsChannel reports. The firm owned 14,638 shares of the transportation company’s stock after selling 626 shares during the quarter. Portside Wealth Group LLC’s holdings in United Parcel Service were worth $1,996,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Brighton Jones LLC increased its holdings in shares of United Parcel Service by 8.7% in the second quarter. Brighton Jones LLC now owns 12,468 shares of the transportation company’s stock worth $1,706,000 after acquiring an additional 995 shares in the last quarter. Ieq Capital LLC grew its position in shares of United Parcel Service by 12.0% in the 2nd quarter. Ieq Capital LLC now owns 14,352 shares of the transportation company’s stock valued at $1,964,000 after purchasing an additional 1,532 shares during the period. Canada Pension Plan Investment Board increased its stake in United Parcel Service by 160.1% during the 2nd quarter. Canada Pension Plan Investment Board now owns 257,974 shares of the transportation company’s stock worth $35,304,000 after purchasing an additional 158,784 shares in the last quarter. Bridges Investment Management Inc. raised its holdings in United Parcel Service by 113.9% during the 2nd quarter. Bridges Investment Management Inc. now owns 3,998 shares of the transportation company’s stock worth $547,000 after buying an additional 2,129 shares during the period. Finally, AE Wealth Management LLC lifted its stake in United Parcel Service by 67.1% in the second quarter. AE Wealth Management LLC now owns 28,738 shares of the transportation company’s stock valued at $3,933,000 after buying an additional 11,537 shares in the last quarter. 60.26% of the stock is owned by institutional investors.

United Parcel Service Stock Performance

NYSE UPS opened at $129.77 on Friday. United Parcel Service, Inc. has a 1 year low of $121.56 and a 1 year high of $161.35. The firm has a market capitalization of $110.74 billion, a price-to-earnings ratio of 19.60, a P/E/G 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. The firm’s 50 day simple moving average is $128.95 and its 200 day simple moving average is $130.93.

United Parcel Service (NYSE:UPS) last announced 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. The business had revenue of $22.20 billion during the quarter, compared to the consensus estimate of $22.10 billion. United Parcel Service had a return on equity of 37.38% and a net margin of 6.25%. United Parcel Service’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same period in the prior year, the company earned $1.57 EPS. As a group, research analysts expect that United Parcel Service, Inc. will post 7.49 earnings per share for the current fiscal year.

United Parcel Service Dividend Announcement

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

Insiders Place Their Bets

In other news, 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 transaction of $1,015,025.25. Following the sale, the insider now directly owns 45,098 shares in the company, valued at approximately $6,249,229.86. The trade was a 13.97 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.13% of the company’s stock.

Analyst Ratings Changes

UPS has been the topic of several research reports. Citigroup cut their price objective on shares of 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. Wolfe Research upgraded United Parcel Service from a “peer perform” rating to an “outperform” rating and set a $147.00 price target on the stock in a report on Wednesday, January 8th. StockNews.com upgraded United Parcel Service from a “hold” rating to a “buy” rating in a report on Wednesday, November 6th. Evercore ISI boosted their target price on United Parcel Service from $138.00 to $141.00 and gave the company an “in-line” rating in a research note on Tuesday, October 22nd. Finally, Susquehanna upped their price target on United Parcel Service from $135.00 to $140.00 and gave the stock a “neutral” rating in a research report on Friday, October 25th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating, fifteen have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price 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.