Sage Capital Advisors llc Sells 3,307 Shares of United Parcel Service, Inc. (NYSE:UPS)

Sage Capital Advisors llc lowered its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 7.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 40,300 shares of the transportation company’s stock after selling 3,307 shares during the quarter. United Parcel Service accounts for 1.3% of Sage Capital Advisors llc’s investment portfolio, making the stock its 25th largest holding. Sage Capital Advisors llc’s holdings in United Parcel Service were worth $5,082,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also bought and sold shares of UPS. True Wealth Design LLC increased its stake in United Parcel Service by 397.7% in the 3rd quarter. True Wealth Design LLC now owns 214 shares of the transportation company’s stock valued at $29,000 after buying an additional 171 shares during the last quarter. PSI Advisors LLC grew its position in 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 buying an additional 200 shares during the period. Princeton Global Asset Management LLC increased its holdings in 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 worth $34,000 after buying an additional 216 shares during the last quarter. FSA Wealth Management LLC bought a new stake in United Parcel Service in the third quarter worth about $36,000. Finally, Meeder Asset Management Inc. boosted its stake in United Parcel Service by 271.7% in the second quarter. Meeder Asset Management Inc. now owns 394 shares of the transportation company’s stock valued at $54,000 after acquiring an additional 288 shares during the last quarter. 60.26% of the stock is currently owned by institutional investors.

United Parcel Service Price Performance

Shares of NYSE UPS traded down $3.54 during mid-day trading on Friday, reaching $123.22. 2,734,784 shares of the company were exchanged, compared to its average volume of 3,740,445. The stock has a market capitalization of $105.15 billion, a PE ratio of 18.61, a PEG ratio of 2.11 and a beta of 1.00. The company’s 50 day moving average price is $129.75 and its 200 day moving average price is $131.33. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.20. United Parcel Service, Inc. has a 52 week low of $122.01 and a 52 week high of $161.47.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings data on Thursday, October 24th. The transportation company reported $1.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 company had revenue of $22.20 billion during the quarter, compared to analysts’ expectations of $22.10 billion. During the same quarter in the prior year, the company earned $1.57 EPS. The firm’s revenue was up 5.4% on a year-over-year basis. Sell-side analysts forecast that United Parcel Service, Inc. will post 7.48 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. Investors of record on Monday, November 18th were issued a dividend of $1.63 per share. This represents a $6.52 annualized dividend and a yield of 5.29%. The ex-dividend date was Monday, November 18th. United Parcel Service’s dividend payout ratio is presently 98.49%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on UPS. Wells Fargo & Company lowered their price target on shares of United Parcel Service from $155.00 to $150.00 and set an “overweight” rating on the stock in a report on Tuesday. Barclays reaffirmed an “underweight” rating and set a $120.00 price target on shares of United Parcel Service in a research report on Monday, October 21st. Citigroup lowered their price objective on United Parcel Service from $163.00 to $158.00 and set a “buy” rating on the stock in a research note on Tuesday, November 12th. JPMorgan Chase & Co. lifted their target price on shares of United Parcel Service from $134.00 to $135.00 and gave the stock a “neutral” rating in a research note on Tuesday. Finally, BMO Capital Markets upgraded shares of United Parcel Service from a “market perform” rating to an “outperform” rating and dropped their price target for the company from $155.00 to $150.00 in a research note on Tuesday, December 10th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, fourteen have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $151.10.

Insider Buying and Selling

In other United Parcel Service news, insider Norman M. Brothers, Jr. sold 7,325 shares of the company’s stock in a transaction that occurred 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 completion of 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 transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.13% of the stock is owned by corporate insiders.

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.